Despite the high hopes and efforts to lure investment from QatarEnergy into Nigeria's oil and gas sector, CEO Saad Sherida al-Kaabi has made the unexpected decision to abstain from investing in the country.
President Ahmed Bola Tinubu's visit aimed at revitalizing the sector failed to sway the...
On October 10, the NNPC drilling crew working at Kolmani River-II in Gongola Basin encountered hydrocarbon outflow to the wellhead while testing.
Preliminary evidence from the exploration area revealed that the hydrocarbon deposits consist of gas, condensate, and light, sweet crude …
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The Nigerian National Petroleum Corporation (NNPC) has reported a trading surplus of ₦12.13billion in the oil and gas sector for December 2018. This is revealed in the Monthly Financial and Operations Report recently released by the corporation.
NNPC attributed the rise in revenue posted to...
Over $400 million has been invested into Nigeria’s oil & gas sector by Global shipbuilding firm, Samsung Heavy Industries (SHI).
The commitment by Samsung Heavy Industries is said to be tax revenue and investment. This investment has been ongoing since the company was awarded the contract to...
The Federal Government has reiterated moves to cut funds repatriation in the oil and gas sector to $6 billion per annum.
This move, buoyed by the controversy in the telecommunication sector, where MTN was accused of tax evasion and illegal repatriation of funds, New Telegraph gathered, is...
After dithering for years, Nigeria recently indicated its preparedness to end gas flaring, an exercise that represents waste and environmental degradation.
Nigeria has repeatedly pledged to drastically cut down the flaring of gas at her oil fields in the Niger Delta. In fact, since the 1950s …...
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The Senate yesterday resolved to probe all issues connected with the ongoing lease renewal in oil and gas sector being undertaken by the Ministry of Petroleum Resources and the Department of Petroleum Resources (DPR)....
Read more via The Guardian Nigeria Newspaper – Nigeria and World News –...
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