The Senate yesterday denied ever dumping the Petroleum Industry Bill (PIB), saying it is committed to expeditious passage of the Bill and the N13.08 trillion 2021 budget estimates. Senate spokesman and chairman of its Committee on Media and Public Affairs, Senator Ajibola Basiru (APC, Osun Central) made this known at a press briefing shortly after…
Read More
No fewer than five persons have been confirmed dead in the gas explosion that occurred at Baruwa, Alimosho area of Lagos on Thursday. The gas tanker explosion occurred at 5:40 a.m. when a LPG tanker was discharging at the Best Roof Plant Station at the area, PREMIUM TIMES gathered. Providing an update on the explosion,…
Read More
The National Inland Waterways Authority on Tuesday said it signed a contract with Obat Oil to establish fuelling stations along the waterways in four locations in Lagos. The Lagos Area Manager, Sarat Braimah, told journalists that the contract had been signed even before the Lagos State Waterway Authority launched its own recently. According to her,…
Read More
Deliberations on the Petroleum Industry Bill by the National Assembly has been shifted to the first quarter of next year, the Minister of State for Petroleum Resources, Timipre Sylva, has said. At the sidelines of the Joint Executive-Legislature Leadership Retreat at the Presidential Villa Banquet Hall in Abuja, Sylva told journalists that the National Assembly…
Read More
Further to its announcement of 1 September 2020 regarding its proposed investment in Decklar Petroleum Limited and the Oza Field in Nigeria, San Leon announces that the parties have agreed to a one month extension to 31 October 2020 in order to finalise certain conditions precedent in the Subscription Agreement. All other terms of the…
Read More
Oil prices rose more than two per cent on Monday, lifted by comments from doctors for U.S President Donald Trump, suggesting he could be discharged from hospital as soon as Monday. This is just a few days after his positive coronavirus test sparked widespread alarm. Mr Trump’s health update eased political uncertainty in global markets,…
Read More
Nigeria aims to end the country’s so-called oil-for-fuel swaps system in the near future and rely instead on oil products from local refineries, which it hopes to have running again by 2023, the head of Nigeria’s national oil company NNPC said on Tuesday. The oil-for-swap deals, in operation since 2016, provide virtually all Nigeria’s gasoline…
Read More
The Managing Director of the Nigerian Liquefied Natural Gas (NLNG), Mr. Tony Attah, has said Nigeria’s challenge in the gas sector has never been the shortage of good guidelines and policies, but the will power to execute them. Attah noted that the NLNG model remains viable because of the absence of political interference, noting that…
Read More
Applications are invited from suitably qualified candidates for admission into the following Graduate Programmes of the Emerald Energy Institute, University of Port Harcourt, Nigeria: Ph.D. Petroleum Economics & Policy Ph.D. Energy Economics & Policy M.Sc. Petroleum Economics and Policy Programme M.Sc. Energy Economics and Policy Programme M.Sc. Petroleum Business Management M.Sc. Energy Business Management Professional…
Read More