The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is working with the NNPC Ltd. and other stakeholders…
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The Nigerian National Petroleum Company Limited (NNPC Ltd) says the decision to remove subsidy on Premium Motor Spirit (PMS) known as fuel by President Bola Tinubu is a welcome development.
Some stakeholders in the oil and gas industry have commended President Bola Tinubu’s pronouncement on removal of fuel subsidy.
President Ahmed Bola Tinubu of Nigeria has vowed that the era of subsidy payment on fuel has ended.
The Nigeria Extractive Industries Transparency Initiative (NEITI) has announced its readiness to release the three reports on the oil, gas and mining sectors by June.
The report of the House of Representatives ad hoc Committee investigating the Structure and Accountability of Joint Venture (JV) Business and Production Sharing Contract (PSC)of NNPC has indicted several oil companies for alleged tax evasion.
Godwin Obaseki, the Governor of Edo State on Tuesday, said that the newly-inaugurated 650,000 barrels per day (bpd) Dangote Refinery and Petrochemical Company will save Nigeria over $3 billion annually from importation of petroleum products.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has given operators of gas, petroleum and diesel nine days within which to obtain their operating licences or face shutdown of their operations.
President Muhammadu Buhari has inaugurated Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, and the largest petrochemical company in the world.
OPEC Secretary General, Haitham Al Ghais on Monday said that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth.