Oil & Gas

It is in furtherance of Nigeria’s ambitious Decade of Gas declaration that the Department of Petroleum Resources organised the 2020 Marginal field bid rounds, says Sarki Auwalu, CEO of the…

Nigeria’s natural gas reserves now stand at 206.53 Trillion Cubic Feet (TCF), from 203TCF, a development showing that the country’s declaration of the gas decade is on course. Sarki…

Royal Dutch Shell Plc’s oil-drilling unit in Nigeria is urging the government to pass long-delayed legislation to reform the country’s petroleum industry, which the Senate plans to take up…

Brent crude prices above $60 per barrel mean strong Foreign Exchange (FX) reserves. As of 6.15 pm on Tuesday, Brent crude (ICE) stood at $71.89 per barrel. But the rise in the price of…

The Nigerian government in the past six years has initiated programmes to deepen energy access in communities living off the national grid. Much of this progress has been spurred by the…

JULIUS RONE is the managing director of UTM Offshore Limited, a local oil company, pioneering Nigeria’s first Floating Liquefied Natural Gas (FLNG) project. In this interview with DIPO…

The threat of a world marching inexorably away from fossil fuels is rousing the Nigerian government from inertia precipitating long-awaited reforms in the oil and sector. After 20 years…

The Federal Government has expressed determination to increase its oil production to four million barrels per day capacity despite the current OPEC quota of 1.4mbpd for member countries.…

Saudi Arabia has taken its latest step towards declaring its ambitions to move away from oil after the world's largest oil exporter announced it is no longer an oil-producing country, a…

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has said he is hopeful that the state behemoth will be able to declare dividend this year.…