Oil & Gas

Africa’s oil & gas investment to reach $43bn in 2025

DailyTimesNGR DailyTimesNGR 9 April 2025 0

BY MOTOLANI OSENI Africa’s energy sector is gaining unprecedented momentum, with capital expenditure in oil and gas alone projected to reach $43 billion in 2025 — and a longer-term forecast of $54 billion by 2030. This surge highlights the continent’s rising profile as a global energy force,

Headlines

Oil, gas industry owes FG $6bn, N66bn – NEITI Report

DailyTimesNGR DailyTimesNGR 27 September 2024 0

The Nigeria Extractive Industries Transparency Initiative (NEITI) says outstanding collectible revenues due to the Federal Government in the oil and gas industry have risen to 6.071 billion dollars and N66.4 billion as at June 2024, respectively. NEITI disclosed this on Thursday in Abuja at the public presentation of its 2022 and 2023 Independent Oil and […]

Business

How Technology boosts oil &gas trading-Flagship Energy

Ihesiulo Grace 8 December 2022 0

By Motolani Oseni Riding on the pedestal of the newly inaugurated Petroleum Industry Act (PIA) local Oil and gas traders/operators have been advised to leverage technology if they truly desire to join the global oil and gas community. This position was canvassed by the Chief Executive of Flagship Energy Limited, Mr Osagie Ediale in Abuja, […]

Headlines

Oil and Gas sector: HoR demands details of joint venture contracts from 1990

Ihesiulo Grace 22 September 2022 0

By Tom Okpe The House of Representatives has directed the Accountant General of the Federation, Shell Petroleum Development Company (SPDC), Chevron Nigeria Ltd and other stakeholders to provide it with relevant documents as it probe joint venture (JV) operations and Production Sharing Contracts (PSCs) in the oil and gas sector since 1990 to authenticate legality […]

Politics

HoR takes steps to recover debts owed by Oil & Gas companies

Ihesiulo Grace 2 December 2021 0

*Mandates c’ttees to take inventory of NNPC, legitimate transition process Tom Okpe, Abuja The House of Representatives has called on the Federal Government to take urgent steps to recover all outstanding debts owed by Oil and Gas Companies. The call emanated from a motion raised by Hon Ahmed Munir during plenary on Wednesday. Raising the […]

News

Nigeria will maintain regional leader position in oil, gas industry, says Buhari

Ihesiulo Grace 21 January 2021 0

ROTIMI FADEYI, ABUJA President Muhammadu Buhari on Thursday declared that Nigeria would strengthen its position as regional leader in the oil and gas industry, even as his administration would spare no effort in ensuring maximum benefit from the nation’s huge natural resources. A statement issued by Special Adviser to the President on Media and Publicity, […]

News Oil & Gas

Rahamaniyya, Sahara to settle oil deal rift out of court in national interest

Ihesiulo Grace 21 August 2020 0

Out of the desire to ensure a smooth supply of petroleum products into the Nigerian market and to strengthen the nation’s oil sector, two of the key players, Rahamaniyya Oil and Gas and Sahara Energy have agreed to settle their differences out of court. Daily Times gathered that both parties’ agreement to withdraw legal action […]

Entertainment News

How COVID-19 Has Affected the Film Industry

Ihesiulo Grace 22 May 2020 0

The COVID-19 pandemic has affected every sector of the economy. Banking, oil and gas, tourism, telecommunication, education, energy, even the film, entertainment and media industries have been directly or indirectly affected by the pandemic. Prior to this global health challenge, the News Agency of Nigeria (NAN) reported that cinemas in Nigeria earned over N3 billion […]