Energy

NNRC commends NASS efforts in passage of PIB

The Nigeria National Resource Charter (NNRC) has commended recent efforts  by the National Assembly toward ensuring the passage into law of the protracted Petroleum Industry Bill (PIB). The NNRC, a non-profit policy institute that promotes effective management of natural resources…

NLNG generated $108 billion in 21 years

The Nigeria Liquidified Natural Gas (NLNG) said it has generated about $108 billion since it started operation about 21 years ago. It also explained it had given out about $35 billion in dividends to shareholders. It said about 470,000 people…

DPR clarifies crude accounting process

The Department of Petroleum Resources (DPR) has clarified the process it uses for accounting for crude production in the country. The agency disclosed that most incidents relating to oil theft occurs from the land terminals. A statement issued on Thursday…

OPEC commends crude oil production cut by Nigeria

OPEC com mends crude oil production cut by Nigeria he Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) has commended the progress made by Nigeria to conform with the agreement on Crude oil production cut.…