Compensation: RMAFC mandates SEEPCO to abide by agreement with host communities

By Vivian Emoni The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has mandated Sterling Oil Exploration and Energy Production Company (SEEPCO), to ensure it abides by the agreement regarding community compensation. Mr Ekene Enefe, Chairman, Investment Monitoring Committee, gave the directive on Thursday in Abuja, during a meeting with aContinue Reading

PTDF is building capacity in Nigeria’s oil, gas sector – Galadima

By Ahmed Kaigama Mr Ahmed Galadima, the Executive Secretary, Petroleum Technology Development Fund (PTDF), says the fund has initiated scholarships programmes to improve capacity in the Nigerian oil and gas sector. He said this in Bauchi while supervising the screening/selection exercise of 400 candidates in the North-East zone for theContinue Reading

PTDF screens 5,723 shortlisted candidates for 2025/2026 overseas scholarships

By Emmanuella Anokam The Petroleum Technology Development Fund (PTDF) has begun screening of 5,723 shortlisted candidates nationwide for its 2025/2026 Overseas Scholarship Scheme (OSS) for MSc and Ph.D award. At the selection interview for the shortlisted candidates on Monday in Abuja, Mr Ahmed Aminu, Executive Secretary, PTDF, said 29,633 applicationsContinue Reading

FG to settle outstanding gas obligations

By Yunus Yusuf The Federal Government says it plans to settle all outstanding debts owed to gas producers, including long-standing legacy debts.   Mr Abel Nse, Senior Technical Adviser to the Minister of Petroleum Resources (Gas), disclosed this during a panel session organised by Sahara Group on Friday in Lagos.Continue Reading

AKK gas pipeline project progressing  – FG

By Collins Yakubu-Hammer/Rita Shekwolo Iliya The Federal Government says the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, a major strategic infrastructure project to boost industrialisation, is progressing steadily. The Minister of Information and National Orientation, Alhaji Mohammed Idris, disclosed this in Minna, Niger State. Idris was speaking at the quarterly meeting of theContinue Reading

Audit report: N210trn yet to be accounted for by NNPCL – Senate

By Kingsley Okoye The Senate on Thursday clarified that the alleged N210 trillion financial infraction raised against Nigerian National Petroleum Company Limited (NNPCL) in the 2017-2023 audit report had yet to be accounted for by the company. Chairman, Senate Committee on Public Accounts, Sen. Aliyu Wadada, made the clarification atContinue Reading

NOG: Indigenous companies seek shorter procurement cycle, enabling environment

By Emmanuella Anokam Some indigenous oil and gas companies are seeking an enabling environment and shorter procurement cycle to actualise more sanctioned projects and quick implementation for economic development. The companies made this known while speaking with the News Agency of Nigeria (NAN) in Abuja at the just concluded 24thContinue Reading