The Minister of State for Petroleum Resources, Chief Timipre Sylva, says Nigeria is ready to host 5,000 participants from at least 53 countries as the fifth Nigeria International Energy Summit (NIES) will begin on Sunday...
The federal government has declared its intention to invest and focus attention on natural gas exploitation in the country. Addressing the 6th Gas Exporting Countries Forum (GECF) Summit in Doha, Qatar, on Tuesday, President Muhammadu Buhari...
The Minister of State for Petroleum Resources, Timipre Sylva has attributed the importation of adulterated petrol into the country and lingering fuel scarcity to inspection failure. In a statement issued in Abuja by his Senior Adviser,...
The Federal Government has initiated the process to investigate the supply of adulterated petrol to the country, which has given motorists serious concerns in the last few days. Speaking after the meeting of the Federal Executive...
The Federal Government says it would send a proposal to extend the period for the implementation of the removal of subsidy on Premium Motor Spirit (PMS), popularly known as petrol, by 18 months. The Minister of...
Aiteo, operator of oil mining lease (OML) 29, on Wednesday, announced yesterday that it has succeeded in putting out the leak on its Santa Barbara wellhead in Nembe, Bayelsa State. Collaborating, the Minister of State for...
The Executive Secretary of the Nigeria Content Development and Monitoring Board (NCDMB), Simbi Wabote has said that the federal government has saved N3.5trn ($8.5billion) through 42 per cent local content in $20.4bn oil and gas projects. He spoke...
The Minister of State for Petroleum, Timipre Sylva, says President Muhammadu Buhari is aware and concerned about the hike in the price of gas and has promised to take action to ameliorate the situation. He spoke...
President Muhammadu Buhari has arrived Riyadh, Saudi Arabia ahead of the investment conference organised by the Future Investment Initiative Institute. The presidential aircraft carrying the president and some members of his entourage landed at the King...
Nigeria has joined fellow OPEC+ member Saudi Arabia in saying the group must resist pressure to raise oil production faster until the coronavirus pandemic abates. The 23-nation cartel shouldn’t yet change its strategy of increasing daily...