Don’t chase investors away by tinkering with PIA — NCDMB ES warns The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned that tinkering with the Petroleum Industry Act 2021 can chase…
The Nigerian Gas Association (NGA) recently had the honour of paying a courtesy visit to athe Special Adviser (SA) to the President on Energy, Mrs. Olu Verheijen and warmly congratulated her on her appointment. The NGA expressed its utmost confidence…
By Sodiq Adelakun External reserves have risen by 0.21 percent in the last three weeks, following increased oil production and prices. The price of Brent crude stood at $88.41 as of October 25, 2023. Data from the Central Bank of…
The National Bureau of Statistics (NBS) said the average price of 5kg of cooking gas increased from N4,115.32 recorded in August 2023 to N4,189.96 in September 2023. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for September 2023…
By Matthew Denis The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has disclosed that the Board has provided over 15million training man hours to enhance availability of skilled manpower for the industry. He made…
The International Energy Agency (IEA) has said that the Dangote refinery, with a 650,000 barrels per day capacity will enable oil demand growth in the next decade, especially for African countries that heavily rely on imported refined energy products in…
The Nigerian oil and gas industry is growing steadily across several fronts despite reduced investments due to the global quest for cleaner energy and divestments of some onshore and shallow assets by a few international oil companies, the Executive Secretary…
The Permanent Secretary of the Ministry of Petroleum Resources, Mr Gabriel Aduda has said the ministry plans to review the implementation of the Petroleum Industry Act (PIA). This, he said, would be with stakeholders in the upstream and downstream sector,…
In its quest to diversify and explore other energy sources, the Federal Government has revealed that it is considering the production of methanol. Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo made this known in a speech delivered…
The Nigerian Content Development and Monitoring Board (NCDMB) has retained its position as the best Federal Agency in transparency and efficiency in business, continuing the streak of excellence in the delivery of its mandate. In the 2023 Half Year Executive…
