Category: Oil & Gas
Buhari submits PIB to National Assembly, scraps NNPC, PPPRA in new bill
The President Muhammadu Buhari, has transmitted the much-awaited Petroleum Industry Bill 2020 to the National Assembly and has proposed the creation of the Nigerian National Petroleum Company Limited.
OPEC in trouble as oil outlook worsens
OPEC members were served an unpleasant surprise from exempted fellow Libya. The country’s warring factions reached a ceasefire, and some long-shuttered oil ports have been reopened, along with the fields that feed them.
Non-passage of Petroleum Industry Bill scaring investors —Kyari
Kyari said international investors were losing confidence in the nation’s oil and gas industry and tasked the lawmakers to act fast and arrest the situation.
FG spends N8.9trn on subsidy in 10 years, says PPPRA
It said that the subsidy was paid to oil marketers and the Nigerian National Petroleum Corporation (NNPC) in the period under review.
Gas can guarantee Nigeria’s economic security —Neconde Energy Head of Gas Ventures, Chichi Emenike
We need to open up the market for investments. We have talked about this for too long and fortunately, Nigeria is strategically positioned to even become a hub for gas in Africa. Even if we don’t do the entire Africa, we can start along the corridors within the Gulf of Guinea and to take the gas outside to the world but we need to open up domestically across the value chain from here into the West African region.
Filling stations’ll dispense gas in vehicles from September, says FG
Documents obtained from the Federal Ministry of Petroleum Resources in Abuja on Friday stated that the Committee on National Gas Expansion Programme had been assigned to ensure the effective implementation and take off of this initiative.
NPDC targets 600mmscf/d of gas supply to domestic market
The managing director of NPDC, Engineer Mansur Sambo, made this known during a facility tour of the company’s Oredo Gas Handling Plant by the NNPC Group Managing Director, Mallam Mele Kyari, in Benin City, Edo State.
PIB Passage will attract investments, develop energy sector —Neconde Energy Head of Gas Ventures, Chichi Emenike
Emenike stressed further that the speedy passage of the PIB will encourage more investors in the oil and gas space to see Nigeria as a choice investment destination where their stakes will be protected.
Is this the beginning of the end of oil and gas exploration?
In previous energy downturns, prices frequently experienced serious slumps, but oil and gas companies mostly kept faith in their biggest asset: Oil and gas reserves buried deep in the ground. But things are markedly different this time around.
Tension as Taiwan detains Chinese oil tanker over illegal entry
The incident is likely to fuel already substantial tension between China and Taiwan after China expanded its military and navy activity around the breakaway island in the last few months. The expansion coincided with the action taken by Taiwan to distance itself from the mainland further, first by renaming its air carrier—previously called China Airlines—and then by highlighting “Taiwan” on local citizens’ passports, CNBC reported earlier this month.