Seplat Energy Plc, Nigeria’s biggest oil and gas exploration and production company said it hopes passage of the country’s long-awaited Petroleum Industry Bill by lawmakers will spur investment into the Continue Reading
Even as the organised labour and the federal government continue their engagement on what the appropriate price of petroleum motor spirit (PMS), otherwise known as petrol should be, oil marketers Continue Reading
PREMIUM TIMES highlights the history and components of the Petroleum Industry Bill that is again close to being passed by the National Assembly After a 20-year journey, the Petroleum Industry Continue Reading
LAST week, Thursday July 1, the Senate finally passed the long-awaited Petroleum Industry Bill, PIB. A milestone in the history of our legislative affairs. Too many interests had repeatedly scuttled Continue Reading
About 400,000 barrels of crude oil is lost daily to theft, according to data from the federal government. The Minister of Environment, Mr. Mohammed Abubakar, at a town hall meeting Continue Reading
Oil theft The minister says the effects of the destruction of oil and gas facilities had caused huge economic losses. Mohammad Abubakar, Minister of Environment, on Monday, disclosed that Nigeria Continue Reading
Nigeria’s Senate is expected to see on Tuesday the presentation of the country’s petroleum industry bill, a new regulation on the oil industry that has taken 20 years to draft. Continue Reading
The Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, yesterday explained why the national oil company was purchasing a stake in Dangote oil refinery, saying it was Continue Reading
President Buhari responds to threat, says regional issues will be addressed Nigeria producing at only 70% of full capacity due to OPEC+ cuts, technical issues Government under economic strain, militancy Continue Reading
Muhammadu Buhari Photographer: Drew Angerer/Getty Images Nigerian President Muhammadu Buhari expressed concern about new threats by militant group the Niger Delta Avengers to bomb critical oil and gas infrastructure in Continue Reading
