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…
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…
Vice-President Kashim Shettima has welcomed ExxonMobil’s proposed 10 billion dollars investment in Nigeria’s deep-water oil operations. This is contained in a statement issued by the spokesperson of the Vice-President, Mr Stanley Nkwocha, on Thursday. Shettima made the remark during a…
By Esther Agbo The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called for urgent reforms in the country’s oil and gas industry, citing concerns over energy security, crude oil theft, and the nation’s energy transition efforts.…
An indigenous oil and Gas Company, LNG Arete Ltd. on Tuesday announced its development of a state-of-the-art mini Liquefied Natural Gas (LNG) facility in Ajaokuta, Kogi. The Project Director, LNG Arete Ltd., Hajara Pitan, said in a statement that the…
The House of Representatives has dissolved the ad-hoc Joint Committee on Downstream and Midstream Committee probing activities of the Nigeria National Petroleum Company Ltd.(NNPCL), and the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Rep. Akin Rotimi, spokesperson of the…
…Says collaboration with communities key to growth Seplat Energy PLC has called for prudent management of oil and gas assets in Nigeria in the country’s quest to drive growth in the energy sector and encourage expansion. The Chief Executive Officer,…
The Group Managing Director/CEO of Solewant Group, Mr. Solomon Ewanehi has stated that oil companies require innovation, adaptability to survive in Africa’s challenging environment. Ewanehi spoke at the award of Oil & Gas Contractor of the Year to Solewant Group…
Gov. Umo Eno, of Akwa Ibom, has suggested that payment from the 13 per cent derivation fund should be made directly to the oil-producing communities. The governor stated this on Thursday while addressing a cross-section of students at the University…
A new report by the International Energy Forum and S&P Global Commodity Insights has revealed that $4.3 trillion investments in the Upstream sector are needed to meet oil demand by 2030. The report named “Annual upstream oil and gas capital…
