Prof. Tam David-West, a former Minister of Petroleum Resources has described the Minister of State for Petroleum, Ibe Kachikwu, as a “minister without portfolio.” David-West, in an interview with Punch newspaper, added that the office of the Minister of State for Petroleum was needless hence should be scrapped. He said though Buhari made Kachikwu the […]
Hopes for economic and industrial growth will be dashed if inhibitors such as the Nigeria LNG Limited (NLNG) Fiscal Incentives, Guarantees and Assurances Act, are permitted in the Nigerian gas industry, the Managing Director of NLNG, Tony Attah, said on Wednesday. Attah spoke at the ongoing 2017 Nigeria Oil and Gas Strategic Conference and International […]
Oil steadied on Wednesday as Russia joined OPEC in cutting production to try to balance the market, although plentiful supply in places such as the United States dragged on prices. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.63 per barrel at 0749 GMT (02:49 a.m. ET), up 5 cents […]
The Nigerian National Petroleum Corporation, (NNPC), is leading the drive to attract massive global investments into the nation’s gas sub-sector as a way of ameliorating the effect of drop in crude oil prices on the Nigerian economy. In an address at the panel session organinsed by the Petroleum Technology Association of Nigeria, (PETAN), at the […]
The Ogun State Governor, Senator Ibikunle Amosun, has attributed the incessant vandalism of petroleum pipelines in various parts of the country to the dereliction of duty on the part of the Nigerian National Petroleum Corporation (NNPC). Amosun, who said this when he visited the scene of a vandalised pipeline along Iperu-Ogere road in Ikenne Local […]
It was celebration galore as Pat Utomi’s Foundation, Centre for Value in Leadership (CVL), again, honoured both Chief Festus Marinho and Dr. Thomas Asuquo in grand style. The duo were honoured for contributing immensely to the growth and development of the oil and gas business in the country. Chief Festus who is celebrating his 80th […]
Eni Oil and Gas Chief Executive Officer (CEO), Mr Claudio Descalzi, says that Africa has the potential to power the European Union in years to come. This is contained in a statement made available to newsmen in Abuja by the CEO. Descalzi said global energy companies had a unique role to play in helping to […]
Governor Seriake Dickson of Bayelsa State has vowed to deal with any person or group of persons who parades him/themselves as ex-militants or whatever name trying to form any parallel government under his leadership in the state. Governor Dickson read the riot act on Friday in the state capital Yenogoa during an interactive session with […]