Oil & Gas (Page 60)

By Ella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled six gazetted regulations to spur investment and economic growth in the midstream and downstream sectors of the petroleum industry. The News Agency of Nigeria (NAN) reports that the regulations which were unveiled on Wednesday in AbujaContinue Reading

By Ella Anokam An Associate Professor, Olanrewaju Aladeitan has urged other gas producing countries to take advantage of the vacuum created by the non-supply of oil to Europe by Russia and expand their gas projects to penetrate the European market. “This is where countries like Qatar and Nigeria come in,”Continue Reading

By Ella Anokam An Oil and Gas Expert, Olanrewaju Aladeitan, has lauded the new oil and gas discoveries in Nigeria, which indicate that the country has huge gas reserves. The expert said Nigeria could be more described as a gas country than a crude oil country because it had trillionsContinue Reading

By Ella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says it is planning a production based lending engagement to assist the 2020 Marginal Field Bid Round licences awardees to source needed capital. The NUPRC said it would help the awardees to commence full field development toward hitting first oil.Continue Reading

By Ella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday trained 65 Fire Wardens and Marshals on safety, emergency response and fire-fighting techniques. The Fire Marshals training was organised in Abuja by the NUPRC in collaboration with the Federal Fire Service (FFS). Speaking at the training, Mr EmmanuelContinue Reading

By Ella Anokam Many motorists in the Federal Capital Territory (FCT) have been groaning over the current fuel crisis and continuous queues at fuel stations. A correspondent of the News Agency of Nigeria (NAN) who monitored fuel stations in Abuja reports that many stations are not dispensing products, while theContinue Reading

By Ella Anokam The non-operating Joint Venture (JV) partners of Oil Mining Lease (OML) 18 have appointed the NNPC Eighteen Operating Limited as operator of OML 18 to replace Eroton Exploration and Production Limited (Eroton). Mr Garbadeen Muhammad, the Chief Corporate Communications Officer, NNPC Ltd, in a statement on MondayContinue Reading

By Ella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is working with other stakeholders to mitigate the slight tightness being experienced in the distribution of Premium Motor Spirit (PMS). Mr Farouk Ahmed, Authority Chief Executive, NMDPRA made this known in a statement on Sunday. He said thatContinue Reading