The Nigeria Extractive Industries Transparency Initiative (NEITI), says outstanding collectible revenues due to the Federal Government in the oil and gas industry have risen to 6.071 billion dollars and N66.4 billion as at June 2024, respectively. NEITI disclosed this on…
An international report on Thursday said that oil and gas producers are facing a “moment of truth” to embrace a shift to clean energy or continue to deepen the climate crisis. The global energy watchdog, the International Energy Agency (IEA),…
By Adenike Agunsoye The Lagos Chamber of Commerce and Industry (LCCI), in recognition of the potential impact of the 2022 Finance Bill on the operations of members operating in various sectors of the economy, has reviewed that recent statistics reveal…
By Uthman Salami, Abuja and Gloria Akudoro, Abuja The Organisation of the Petroleum Exporting Countries (OPEC) has said the oil and gas industry is under the siege considering the current evolving geopolitical developments events in Eastern Europe. He said the…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) said it would ensure that issues of casualisation in the oil and gas industry are reduced to the barest minimum. PENGASSAN’s President, Mr Festus Osifo, made this known at…
The ongoing disruptions in the international energy industry present a unique opportunity for the Nigerian oil and gas industry to attract investments and serve as one of the leading hubs to meet global energy needs. The Executive Secretary of the…
The Department of Petroleum Resources (DPR) says the reorganisation of the agency is in line with the Federal Government’s aspirations for the oil and gas industry and to ensure delivery of its regulatory mandate. Mr Paul Osu, Head, Public Affairs,…
By Uthman Salami The Department of PetroleumResources (DPR) has reeled out five critical strategies to develop the Nigerian oil and gas sector for economic stability and growth. The Director and Chief Executive Officer, DPR, Mr Sarki Auwalu, made this disclosure…
By Sola Olajide The Federal Government on Thursday inaugurated an Alternative Dispute Resolution Center (ADRC) to quicken the resolution of disputes in the oil and gas industry in Lagos. It also inaugurated a six-member Advisory Council and a 20-member Body…
