Oil prices continued their upward momentum on Monday, with Brent crude approaching $80 per barrel, extending last week’s sharp rise—the steepest since early 2023. The surge is driven by escalating concerns over a broader Middle East conflict and the potential…
The Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria (SCiN), Osagie Okunbor, has received an “Award of Excellence to an Astute and Visionary Technocrat” from the newly instituted executive leadership…
The Nigerian Content Development and Monitoring Board (NCDMB) has disclosed that the shortened contracting cycle for projects in the oil industry to six months is fostering increased investments. Recall that President Tinubu issued three Presidential Directives which became effective from…
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has met with media executives in Lagos as part of his stakeholder engagements in the oil industry. The media which serves as a critical…
Nigeria’s energy independence relies heavily on leveraging its vast gas reserves say Wole Ogunsanya , PETAN Chairman The Chairman of Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya has reiterated that Nigeria’s energy independence hinges on effective gas utilization,…
By Matthew Denis The Federal Government has officially concessioned the Kashimbila Hydropower Station to KP Hydro Limited. The significant move was celebrated at a ceremony on October 5, 2024, held at the site of the dam in Takum Local Government…
Coordinator, Decade of Gas Initiative, Ed Ubong has stressed the need to embrace a gas-driven economy, highlighting its benefits to the entire populace. According to him, it will create jobs for millions of Nigerians, boost the growth of small and…
Chief Executive Officer of Pinnacle Oil and Gas Limited, Robert Dickerman has stated that fiscal prudence will aid in reducing the cost of fuel in the country. Dickerman identified fiscal prudence amongst others as factors that will reduce the nation’s…
The Federal Government has set up a committee to investigate the taxation and operational disputes between the Osun Government, and Segilola Resources Operating Limited(SROL), a subsidiary of Thor Explorations limited. The Minister of Solid Minerals Development, Dr Dele Alake, made…
By Seun Ibiyemi The Nigerian government is aiming to attract $5 to $10 billion in near-term investments for deep-water offshore operations through the recently introduced tax incentives in the oil and gas sector. This announcement was made on Thursday by…
