In order to achieve the target of reducing the cost of oil production in Nigeria on a sustainable basis, the Nigerian National Petroleum Corporation, NNPC says indigenous companies operating in the nation’s oil and gas sector must upscale their capacity for global competitiveness.   The Group Managing Director of NNPC,Read More

Abuja — Senior Special Assistant to the President on Niger Delta Affairs, Senator Ita Enang, Wednesday, accused state governors of misapplying the 13 per cent Derivation fund to the detriment of oil and gas producing communities and the development of the Niger Delta.   Enang stated that as a resultRead More

Nigeria’s oil industry regulator, the Department of Petroleum Resources (DPR), has declared that it remitted $1.03billion to Federation Account from oil and gas royalties and legacy debts.   The DPR, which said this in a statement made available to Platforms Africa, quoted its Director, Sarki Auwalu, to have said thatRead More

The federal government has assured private investors in the National Gas Expansion Programme, NGEP of sanctity of contract, saying it would not “change game midway”.   While speaking on NTA’s ‘Good Morning Nigeria’ on Tuesday, Engr. Justice O. Derefaka, Technical Adviser on Gas Business & Policy Implementation to the MinisterRead More

  Shell-funded impact investment company All On is pleased to announce a $1.5m investment in Auxano Solar Nigeria Limited to scale its operations over the next five years. “This investment would guarantee the expansion of Auxano’s solar panel assembly capacity by over 50 percent and is a great win forRead More

Nigeria’s Minister of State for Petroleum Resources, Chief Timipre Sylva will lead a host of other high level speakers and panellists at this year’s International Energy Health Safety and Environment (IEHSE) Summit. The event, with the theme: Collaborating for an Energy Safe Nigeria will hold virtually from 12noon to 3pmRead More

  …As Reps Assures of Speedy Passage of PIB   The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has said that the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector.   Mallam Kyari,Read More

    A consortium of Civil Society Organizations (CSOs) has asked the federal government to entrench the deregulation drive of the downstream sector of the petroleum industry by enacting an appropriate legislation or embedding it as part of the Petroleum Industry Bill (PIB) expected to be submitted to the NationalRead More

Yemisi Izuora Oil major, Total, has given fresh assurances that it will improve on its Local Content drive in Nigeria’s oil and gas industry. It said that currently, it makes an annual expenditure of over $40 million on Corporate Social Responsibility, CSR, in the country. The firm said with suchRead More

LONDON (Reuters) – Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review,Read More