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Oil & Gas
Senate passes PIGB, 6 other Bills
The 8th Senate on Wednesday has passed the Petroleum Industry Governance Bill (PIGB).
“Following the adoption of the recommendations of the Technical Committee on ‘Declined Assents to…
Bureaucracy stunts oil, gas sector as 16 federal agencies stifle operators
Nigeria's population of over 180 million people and oil reserves of 37 billion barrels, the largest in sub-Saharan Africa, should make it an attractive place for any oil and gas investor to…
Price of petrol unchanged at N145.3 in March
The average price paid by Nigerians for premium motor spirit, popularly known as petrol, remained unchanged in March, taking it to the lowest since October 2017
The average price…
Despite shrinking markets, Nigeria’s Brent crude maintains global edge
Global oil outlook has shown that Nigeria's Brent crude remains a 'hot market brand' in international oil markets, despite shrinking demands, according to oil industry experts.
This is…
Botswana or Gabon: Nigeria’s oil, gas pathway to prosperity is closing
Botswana and Gabon present Nigeria with two examples of how a country can either decide to deliberately leverage its natural resources to create shared prosperity for citizens or sit back…
‘When Nigeria’s energy mix is developed and efficiently utilised, we will have energy…
DEBO FAGBAMI is the Chairman, Society of Petroleum Engineer (SPE), Nigeria Council, and also Chief Operating Officer at Xenergi Limited. In this interview with FRANK UZUEGBUNAM, Fagbami…
Why Nigeria oil rigs might be nearing an all time low
Lack of incentives from government, delay in passage of the Petroleum Industry Bill (PIB) among many other factors is taking its toll on Africa’s biggest oil producing country as the…
At NEF 2019, life after donor grant has off-grid investors concerned
At the fourth edition of the Nigerian Energy Forum (NEF) held in Lagos from April 9-10 in Lagos, it was revealed that over $300m new funding was coming to the sector in the coming months but…
Kachikwu agrees with World Bank over removal of fuel subsidy
The Minister of State for Petroleum Resource, Emmanuel Ibe Kachikwu has said there has never been any doubt about the logic of trying to remove fuel subsidy but that the reality is that…
Oil workers want FG to be wary of IMF’s advice
Workers in the oil and gas sector have urged President Muhammadu Buhari to shun any counsel that will destabilise or cause chaos in the economy.
The Nigeria Union of Petroleum and Natural…