No fewer than 23 civil society organisations have called for the probe of the House of Representatives Committee on Petroleum Resources (Downstream). The CSOs also called for the suspension of the committee’s chairman Ikenga Ugochinyere. The CSOs, in a petition dated August 5, 2024, and addressed to the Speaker of the House, Rep. Tajudeen Abbas, […]
By Tom Okpe The House of Representatives has made clarifications on the Petroleum Industry Act, saying it will ensure transparency and accuracy. The Petroleum Industry Act, (PIA) represents a milestone achievement in the reform of Nigeria’s oil and gas sector, aimed at enhancing transparency, accountability, and efficiency in the management of our nation’s valuable natural […]
By Tunde Opalana The Ministry of Petroleum Resources has concluded arrangements to hold a Sectoral Retreat on the Ministerial Deliverables (2023- 2027) for the Oil and Gas sector as earmarked by President Bola Ahmed Tinubu, GCFR According to Mrs. Oluwakemi Ogunmakinwa, Deputy Director (Press and Public Relations)in the ministry, the Retreat with the theme: “Building […]
…as ministers presents, defends N9.641bn Budget for 2024 By Tunde Opalana The National Assembly has been urged to use the power of appropriation to allocate adequate funding for the nation’s oil sector through the Ministry of Petroleum Resources. The ministry made the plea on Monday at the on-going presentation of 2023 budget implementation and 2024 […]
I was not surprised when President Bola Tinubu renominated the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited for another term of 5 years. If there’s anything the world can confidently associate with the president, it is his desire to recruit the best hands to get the job done. I had to […]
Hon. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), and Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), have called for support from staff of the ministry to achieve the objectives of the President Tinubu administration in the oil and gas sector. The newly-appointed ministers,who reached out to the ministry’s staff at […]
President Muhammadu Buhari on Tuesday, sought Senate’s confirmation of members of the Board of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The President in another letter to the upper chamber also sought the confirmation of the Board of the Upstream Regulatory Commission. He explained in a letter dated Sept. 16, and read during plenary […]
The Department of Petroleum Resources (DPR) in Cross River has sealed a retail outlet, Chizioba Ventures, for allegedly selling adulterated kerosene. The outlet, which was shut down by the DPR, is located at number 65, Edgerdley Road in Calabar South. A statement on Friday in Calabar signed by the Operations Controller of DPR in the […]
Doosuur Iwambe, Abuja The Nigerian National Petroleum Corporation (NNPC) says it remains committed to the promotion of a sustainable environment across its operations, stressing that its energy transition programme and support for carbon neutral projects are proof of that commitment. The Group Managing Director of the Corporation, Mallam Mele Kyari, stated this at an event […]
Tunde Opalana, Abuja Heads and officials of 56 Federal Government agencies which include the Petroleum Product Pricing Regulatory Agency (PPPRA) and Nigeria Social Insurance Trust Fund (NSITF) risk being arrested as the Senate on Tuesday threatened them with arrest for allegedly shunning investigative hearing probing their financial activities. Issuing the threat at one of the […]
Doosuur Iwambe,Abuja The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation is not a reflection of the overall financial performance of the Corporation. A press release by the Corporation’s spokesman, Dr. Kennie Obateru noted that the Projection cited in the media […]
Doosuur Iwambe,Abuja The Organisation of Petroleum Exporting Countries (OPEC), has said that the consumption of renewable energy cannot come anywhere close to overtaking oil and gas usage in the decades ahead. In his special special address at the S&P Global Platts Americas Petroleum and Energy Conference, OPEC Secretary-General, Mohammad Barkindo noted that even though OPEC […]
By Doosuur Iwambe The federal government has postponed the 2021 edition of the Nigerian International Petroleum Summit (NIPS) to June. The Minister of State for Petroleum Resources, Chief Timipre Sylva, who made this disclosure during a special broadcast programme published on the ministry’s social media platforms, announced that the summit will now hold in Abuja […]
Washington – The U.S. could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve in two weeks from now, and fill it in several months, an Energy Department source said on Monday. President Donald Trump said on Friday that he had ordered the Energy Department to fill the reserve “to the top.” The […]
Minister of State for Petroleum Resources, Chief Timipre Sylva, says Nigeria has met the 100 per cent target agreement entered into by Oragnisation of Petroleum Exporting Countries (OPEC) and 10 Non-OPEC Member States. Sylva said this in a statement issued by his spokesman, Alhaji Garba Muhammad, in Abuja on Sunday. OPEC and 10 Non-OPEC Member […]
Abuja – The Inspector General of Police (IGP), Mr Mohammed Adamu has called on the Special Task Force on Petroleum and Illegal Bunkering to be firm in the discharge of their duties. Adamu made the call on Wednesday in Abuja at his maiden meeting with sector, intelligence and unit commanders of the task force. He […]
Micheal Ajayi The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum product consumers to ignore the trending rumour of a planned hike in the pump price of petrol. The Premium Motor Spirit, popularly known petrol according to the corporations Group Public Affairs Division Manager, Mr Ndu Ughamadu, is not planned to be […]
…As Dangote Cement targets $600m annual exports to African countries President of Dangote Industries Limited, Aliko Dangote, has restated his Group’s commitment to Nigeria’s economic development through continuous innovation, value creation and investments. This is just as he disclosed that Dangote Cement’s exports to other countries are targeted to rise to $600m annually, with the […]
The Presidency has disclosed that President Muhammadu Buhari declined assent to the Petroleum Industry Governance Bill (PIGB) for several reasons, including some provisions being in divergence with present administration’s policy. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang, made this known in a statement made available Abuja. He […]
… PEF gadget to detect trucks diverting products In desperate effort to end the causes of artificial fuel scarcity, Federal Executive Council (FEC) has approved the installation of technology monitoring schemes and structures under the Petroleum Equalisation Fund (PEF) for N17 billion. Minister of State for Petroleum Resources, Ibe Kachikwu, disclosed this while briefing correspondents […]