Oyo State Governor, Engr. Seyi Makinde has unveiled a newly conceived gas distribution master plan in partnership with Shell Nigeria gas to create a platform for constant gas supply to the state. He said the plan was poised to boost industrialisation and generate employment opportunities. Unveiling the gas master plan at the courtesy room of the Governor’s office, Makinde said …

NNPC Limited on Thursday announced the renewal of the Oil Mining Lease (OML) 130 production sharing contract, and the conversion of the acreage to a Petroleum Mining Lease (PML) in accordance with the provisions of the Petroleum Industry Act 2021. At a ceremony presided over by the Permanent Secretary of the Federal Ministry of Petroleum Resources, Ambassador Gabriel Aduda, inside …

The House of Representatives committee investigating the alleged illegal $2.4 billion crude sale on Thursday again grilled the Attorney-General of the Federation and Minister of Justice, Malam Abubakar Malami. Malami was questioned by the lawmakers over his failure to act on the tips provided by a whistleblower. On the whistleblower, Malami said he had no sufficient evidence to act. “There …

Seven new regulations aimed at providing a regulatory environment that assures efficiency, predictability, clarity and effectiveness to the Nigerian oil and gas industry have been issued by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). according to a statement by the commission, these bring to 12 the number of regulations so far concluded and issued by the NUPRC in line with …

Former governor of Ogun State, Senator Ibikunle Amosun, and his successor, Prince Dapo Abiodun on Wednesday, traded words over the alleged relocation of the $19 billion Dangote Refinery from Olokola Free Trade Zone in Ogun Waterside Local Government Area, to Lagos State. In a statement by his Media Officer, Bola Adeyemi, Amosun said that it is most uncharitable for anyone …

The Nigerian Upstream Regulatory Commission (NUPRC) on Tuesday unveiled a strategic plan which would act as a roadmap to guide the organisation’s activities and propel it towards a future of growth and success. The commission’s Chief Executive, Engr. Gbenga Komolafe, who unveiled the plan in Abuja, said it was a significant milestone in the organization’s journey as it repositions to …

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday, said the stories of President Muhammadu Buhari; President-elect, Asiwaju Bola Tinubu; and Chairman of Dangote Group, Alhaji Aliko Dangote are a testament that prosperity can be achieved when  leaders have shared vision for the people they are leading. Sanwo-Olu shared three different stories on how President Buhari, Tinubu and Dangote are connected …

Opportunities worth $50 billion were showcased at the 2023 Nigerian Oil and Gas Opportunity Fair which was held at the weekend in Yenagoa, Bayelsa State This was disclosed by the Nigerian Content Development and Monitoring Board (NCDMB) at the two-day fair which drew 1,086 registered participants. The Executive Secretary of NCDMB, Simbi Wabote, said international and indigenous companies participated in …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has thrown its doors open to potential investors who wish to collaborate in building partnerships and unlocking the full potential of Nigeria’s upstream petroleum sector. The commission said it is leveraging the Petroleum Industry Act (PIA), 2021 which has enhanced the business landscape in Nigeria’s petroleum industry, providing a more transparent, …

As the Dangote Refinery begins operations next week, the supply of 300,000 barrels of crude oil per day by the Nigerian National Petroleum Company Limited to the facility is going to commence, the Group Chief Executive Officer of NNPCL, Mallam Mele Kyari, announced on Thursday. Kyari, who disclosed this at the ongoing fourth Nigerian Oil and Gas Opportunity Fair in …