Tinubu Promises Continued Intervention in Oil, Gas

By Adedapo Adesanya President Bola Tinubu says his administration will continue to provide the needed interventions in the oil and gas industry in line with the Petroleum Industry Act (PIA). He disclosed this in Abuja when he received a delegation from the Chevron Corporation, led by Mr Clay Neff, President of Chevron International Exploration and… Continue reading Tinubu Promises Continued Intervention in Oil, Gas

Nigerian Oil and Gas Industry Under Siege—OPEC

By Adedapo Adesanya The Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), Mr Mohammad Barkindo, has said the Nigerian oil and gas industry is “under siege” due to years of under-investment. Speaking on Tuesday, he said that the resulting supply shortage could be eased if extra supplies from Iran and Venezuela were allowed… Continue reading Nigerian Oil and Gas Industry Under Siege—OPEC

Senate Uncovers N10tr Fraud in NNPC

By Modupe Gbadeyanka An alleged fraud of about N10 trillion in the oil and gas sector has been unearthed by the Joint Senate Committee on Petroleum (Downstream, Upstream) and Gas. According to the committee, the alleged fraud was perpetrated by officials of the Nigerian National Petroleum Corporation (NNPC) in connivance with some independent marketers and… Continue reading Senate Uncovers N10tr Fraud in NNPC

Buhari Extols Kachikwu’s Oil Sector Transformation

By Ebitonye Akpodigha President Muhammadu Buhari has applauded Minister of State for Petroleum Resources, Mr Ibe Kachikwu, for coming up with ideas to transform the oil and gas industry in Nigeria. Mr Buhari, in his address at the launch of the Nigeria Oil and Gas Industry Roadmap tagged ‘The 7 Big Wins’ yesterday in Abuja,… Continue reading Buhari Extols Kachikwu’s Oil Sector Transformation