The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas resources.
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The Organized Labour says that the Federal Government’s decision to suspend the removal of fuel subsidy as the “best option”.
The Minister of Justice and Attorney General of the Federation (AGF) Abubakar Malami has dismissed claims that Nigeria lost over $2.4 billion revenue from alleged illegal sale of 48 million barrels of crude oil exported in 2015 to China.
The Nigeria’s National Economic Council (NEC) at its meeting on Thursday, resolved that the federal government has suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration.
The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency (IEA) not to further undermine the oil industry investments.
Over 1.1 billion dollars have been spent on the ongoing construction of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and Station project from its cash-flow, the Nigerian National Petroleum Company Limited (NNPC Ltd) has said.
The Nigerian government says it is considering how best to achieve subsidy removal without disrupting livelihoods in Nigeria.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s oil and condensate reserves as at January 1, stands at 36.966 billion barrels.
The Shell Petroleum Development Company Nigeria Limited, TechnoOil Group, Schlumberger and other international and indigenous oil and gas companies emerged winners at the sixth edition of the Nigeria International Energy Summit (NIES 2023) Industry Awards.
The TotalEnergies E&P Nigeria says it will stop routine gas flaring in 2023 to actualise energy security and sufficiency.