The Department of Petroleum Resources (DPR) has issued Licence to Establish (LTE), the first floating Liquefied NaturalGas (LNG) production plant to UTM Offshore Ltd., an indigenous oil and gas company. A statement issued on Monday in Lagos by Mr Paul…
Mr Andrew Laven, Chief Operating Officer, Sahara Energy Resources DMCC Dubai, has called for collective action from citizens across the world to reach out and make life better for others as nations combat the COVID-19 pandemic. A statement issued by…
The Nigeria Employers’ Consultative Association (NECA) says Foreign Direct Investment (FDI) and Capital Importation will remain low till the third quarter of 2021. Its Director-General, Dr Timothy Olawale, made this known in a statement in Lagos, quoting the latest capital…
…Posts Crude Oil, Gas Export Sales of $108.84m …Releases 1,332.82 mmscfd gas to domestic market The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ¦ 13.43billion for the month of November 2020 up by 54% when compared to…
The Department of Petroleum Resources (DPR) says Nigeria will earn about $500 million from the signature bonuses to be awarded for 57 marginal oilfields in the country. The agency said the bid round processes for the oilfields which began in…
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…
The Nigerian Electricity Regulatory Commission (NERC) on Friday said 62.63 per cent of electricity consumers in the country were on estimated billing as at September 2020. NERC stated this in the 2019 to Quarter 3, 2020 Nigerian Electricity Supply Industry…
The Minister of State for Power, Goddy Jedy-Agba, has reiterated Federal Government’s commitment to capacity building in the power sector to boost efficiency. He disclosed this on Thursday at the graduation of 85 engineers that participated in the training of…
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…
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…
