The Minister for State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has given reasons why Africa cannot hurriedly transition from fossil fuels to renewable energy.
Sen. Lokpobiri said, "Africa, including Nigeria, cannot hastily transition with aids or grants. What we need is a strategic investment in our fossil fuels sector to...
Following the commencement of production of the Dangote Petroleum Refinery, its Management has begun registration of distributors for the lifting and distribution of refined petroleum products across the country.
The company in a statement on Friday, said, so far, members of three prominent associations, that constitute 75 per cent of...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), members of the Oil Producers Trade Section (OPTS), and the Independent Petroleum Producers of Group (IPPG) have met to brainstorm on ways to drive the sustainable growth of the oil and gas industry.
A statement by the Head Public Affairs and Corporate Communication,...
Minister of State for Petroleum Resources, Senator Heineken Lokpobiri has disclosed that the Federal Government would not oppose any legitimate business transactions in the oil and gas sector.
He however, affirmed the Nigerian government's commitment to fostering a business-friendly environment in the sector.
The Special Adviser on Media and Communication to...
In order to address the challenges of energy sufficiency and sustainability in the country, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari has called for strategic collaboration between the academia and the Oil & Gas Industry in that regard.
Kyari made...
British Energy Giant, Shell Plc has advanced an agreement to sell its Nigerian onshore oil assets to five local companies for $2.4 billion.
This was announced by the Shell’s Integrated Gas and Upstream Director, Zoe Yujnovich, in a statement on Tuesday.
Yujnovich said, "this agreement marks an important milestone for Shell...
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri has disclosed the plan of the Federal Government to forge closer relationships with the various International Oil Companies (IOCs), operating in the country for increased crude oil production.
Recall that the federal government set a target to increase crude...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has resolved to retain the current Domestic Base Price (DBP) and applicable gas wholesale price for the strategic domestic sectors of the Nigerian economy.
In a Public Notice signed by the Corporate Communications and Stakeholder Management department of the Authority, it...
An unconfirmed report has it that the Dangote refinery has commenced production.
The largest single-train refinery in the world located in Nigeria’s commercial hub, Lagos was reported to have begun operations in the early hours of Friday.
The refinery received the 6th batch of 1 million crude oil barrels on Monday...
Alarmed by the increasing spate of crude oil theft in the Nigerian oil and gas industry, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed its collaborative intent with the Nigeria Police to combat the menace.
The plan was made known by the Commission Chief Executive (CCE) of the NUPRC,...
