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Oil & Gas
NUPENG asks FG to rehabilitate refineries
Salmon Akanni Oladiti, deputy national chairman, Petroleum Tanker Drivers (PTD) unit of NUPENG, has called on the Federal Government to without further delay rehabilitate all refineries in…
Gas to power gap to be bridged by 2015
The enormous gas to power demand, projected to grow sharply as National Independent Power Plants (NIPPs) come on stream, will be bridged by 2015, Diezani Alison-Madueke, minister of…
Nigeria’s oil contract cycle costs operators up to $700m annually
The pervasive influence of Government in the oil industry is leading to delay in oil contracting time, which is costing Nigerian companies operating in the sector up to $700 million a year.…
Nigeria loses $100bn in four years to non-investment in oil and gas
Nigeria’s failure to invest in the upstream sector of the petroleum industry has caused her to lose $100billion between 2008 and 2012 according to BusinessDay investigations. This has made…
New oil licensing round suffers delay due to PIB impasse
Oil bidding round in the Nigerian oil and gas industry, which was last held in 2007, is seen in many quarters as long overdue but there is a widespread notion that no fresh bid round can…