As compressed natural gas (CNG) is set to become a permanent fixture in Nigeria’s energy landscape, the Programme Director and Chief Executive of the Presidential CNG Initiative (PCNGI), Michael Oluwagbemi, has said the government’s plan is to implement smart regulations that promotes growth and provides clear, predictable rules for safe investment. “We aim for a CNG sector with zero incidents …

The Association of Nigeria Refineries Petroleum Marketers has inaugurated taskforce to flush out bunkering, adulteration products, artificial scarcity and all forms of illegalities in the sector. Inaugurating the task force in Asaba, the Delta State capital, the Niger Delta Operations Controller, Dr Eldson Nwadiaro, said they had a mandate to flush out all forms of illegalities in the petroleum sector …

The Nigerian Content Development and Monitoring Board (NCDMB) plans to introduce some changes that will enhance the Nigerian Content Intervention (NCI) Fund and increase the fund’s impact and efficiency. The executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omotsola Ogbe hinted at the changes at the quarterly engagement forum held with the Bank of Industry …

The quest of Ogun State to be an oil-producing State would soon materialize as the Nigerian National Petroleum Corporation Limited (NNPCL), is set to begin oil and gas exploration in the Gateway State. Stakeholders in the oil industry, including the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, Managing Director, SHELL Petroleum Development Company Ltd, Mr. Osagie Okubor; Chief …

Troops of the Nigerian Army have intercepted and arrested eight members of a syndicate smuggling fuel from Nigeria to Ambazonian rebels in Cameroon to facilitate terrorist activities. A statement by the Nigerian Army on its official X handle said they were arrested during a sting operation yesterday along Abong-Kurmi Baissa Road in Taraba State at the border between Nigeria and …

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, on Monday, announced that about $16.6 billion investments had been committed to Nigeria’s oil and gas sector in the past one year. He spoke in Abuja while providing updates on achievements in the oil sector since President Bola Tinubu assumed office on 29 May 2023. On what was being …

The Federal Government, on Monday, urged the United Arab Emirates (UAE) to invest in the renewal and reconstruction of the more than 50-year-old oil pipelines in Nigeria, stressing that the facilities had outlived their lifespans. It also stated that Nigeria and the UAE were on the same page concerning oil exploration as crude oil drilling would not be abandoned despite …

The Dangote oil refinery is set to put an end to the monthly importation of an average of 1 billion litres of premium motor spirit (PMS) in Nigeria. This was as the Chairman of the Dangote Group, Aliko Dangote, revealed that Nigeria would end petrol imports the moment the refinery started selling the product in June. It was earlier reported …

President Bola Tinubu has reassured investors in the energy sector of his administration’s resolve to further enhance the business environment and ensure investment convenience. The President inaugurated three milestone projects – the expanded AHL Gas Processing Plant, the ANOH Gas Processing Plant, and the 23.3km ANOH to Obiafu-Obrikom-Oben (OB3) Custody Transfer Metering Station Gas Pipeline – on Wednesday. During the …

President Bola Tinubu has appointed the Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo as the Co-Chairman of the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). According to a statement on Thursday by the presidential spokesperson  Chief Ajuri Ngelale, the appointment is “in line with his avowed commitment to establish a more efficient, targeted, …