Oil & Gas (Page 62)

By Muhammad Nasir Bashir The price of Petroleum Motor Spirit (PMS) has risen to N340 per litre in Dutse, the Jigawa State Capital. The situation has subjected the residents, especially motorists, to chaos and hardships due to the scarcity of the commodity. A correspondent of the News Agency of NigeriaContinue Reading

By Emmanuella Anokam Residents and motorists in the Federal Capital Territory (FCT) and its environ have continued to lament the hardship being experienced as scarcity of Premium Motor Spirit (PMS), known as petrol worsened. A correspondent of the News Agency of Nigeria (NAN) who monitored the filling stations on FridayContinue Reading

By Emmanuella Anokam The Federal Government says the current Premium Motor Spirit (PMS) distribution hitch is heightened by the activities of cross-border smugglers who divert petroleum products to sell at higher prices in neighbouring countries. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) made this known in an updateContinue Reading

By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has underscored the need for accurate crude oil and natural gas production and revenue generation in line with the Petroleum Industry Act (PIA) 2021. Mr Gbenga Komolafe, Commission Chief Executive, NUPRC, made this known on Thursday in Abuja at theContinue Reading

By Ella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has organised a Bidders’ Conference/Investors Forum for stakeholders in the sector, to fast track implementation of the Nigerian Gas Flare Commercialisation Programme (NGFCP). This is contained in a statement on Tuesday in Abuja signed by the NUPRC ChiefContinue Reading

By Ella Anokam President Muhammadu Buhari has approved the constitution of a 14-man Steering Committee on Petroleum Products Supply and Distribution management to find lasting solution to disruptions in the supply and distribution of petroleum products. The Steering Committee, which will be chaired by Buhari, has the Minister of StateContinue Reading

By Emmanuella Anokam The Minister of State for Petroleum Resources, Chief Timipre Sylva says the Federal Government has not approved any increase in the pump price of Premium Motor Spirit (PMS) otherwise called petrol. In a statement, on Friday in Abuja, Sylva said that President Muhammadu Buhari had not approvedContinue Reading