Gas flaring persists as 2020 deadline nears
After several unmet deadlines for ending gas flaring, oil and gas firms still continue to waste natural gas resources in the country as the 2020 deadline nears, ’FEMI ASU writes Continue Reading
Dispute with U.S. energy trader worsens Haiti’s fuel crisis
A dispute between Haiti and a U.S. energy trading firm is leading to long blackouts and fuel shortages in the Caribbean nation, feeding anger at President Jovenel Moise’s government following Continue Reading
Nigeria: ExxonMobil Nigeria Dismisses Rumour About Leaving Nigeria
The Executive Director and Production Manager of ExxonMobil Nigeria, Richard Laing debunked the rumor that the organizations was exiting from Nigeria. Laing made this statement on Saturday during the Minister Continue Reading
Nigeria: ExxonMobil, Other Oil Coys Not Exiting Nigeria – Kachikwu
Ibe Kachikwu, the Minister of State for Petroleum Resource says that no International Oil Company (IOC) is planning to exit Nigeria contrary to reports in some section of the media. Continue Reading
Nigeria Boasts Oil Production Cost of $23 Per Barrel
The average production cost for a barrel of oil in Nigeria has declined to just US$23 a barrel, Petroleum Minister Emmanuel Ibe Kachikwu told local media, adding that oil companies Continue Reading
Nigeria’s Excess Crude Account Not Achieving Its Goals – IMF
Washington DC — The International Monetary Fund (IMF), yesterday in Washington DC, United States, declared that Nigeria’s Excess Crude Account (ECA) was not achieving the goals for which it was Continue Reading
Nigeria: 800 Companies Bid for 176 Nigeria’s Gas Flare Sites
No fewer than 800 companies have bid for management of 176 gas flare sites in the country, the Minister of State for Petroleum Resources, Ibe Kachikwu, has said. Mr K.achikwu Continue Reading
Nigeria: IMF Advises Nigeria, Others to End Fuel Subsidy
The International Monetary Fund (IMF) has advised Nigeria and other countries still subsidising fuel for domestic consumption to stop doing so. The IMF said fuel subsidy removal would help boost Continue Reading
Nigeria: Govt to Compel All Petrol Stations to Commence Cooking Gas Sale
The Federal Government, Thursday, disclosed that it is working on a legislation, through the Department of Petroleum Resources, DPR, to compel petroleum products marketers to set up gas filling plants Continue Reading
Concerns as 211 Nigerian oil blocks remain idle
More than 50 per cent of Nigeria’s oil and gas blocks remain untapped even as crude oil production continues to hover around two million barrels per day while gas shortages Continue Reading