We Deregulated Downstream Oil Sector In March - Minister   The Minister of State for Petroleum Resources, Chief Timipre Sylva said the downstream oil sector was deregulated on March 19, with the reduction in the pump price of petrol. Sylva, who made the clarification at a ministerial...

NLNG Awards Train 7 Construction, Engineering Contracts   The Nigerian LNG Limited has awarded the engineering, procurement and construction contracts for its Train 7 project to the SCD JV Consortium, comprising Saipem of Italy, Japan’s Chiyoda and Daewoo of South Korea. The NLNG announced the signing of...

One Billion Oil Barrels Discovered In North-East, Says FG     The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Wednesday that the nation’s oil and gas sector has worsened as the uncertain fiscal environment put a damper on investment. The minister also disclosed that...

Petroleum: Ministry Moves To Attract Fresh US Investments   The Ministry of Petroleum Resources is looking to attract more investments from the United States and strengthen cooperation in the energy sector. The Minister of State for Petroleum Resources, Chief Timipre Sylva, was part of the Nigerian delegation...

Sylva: Final Passage Of PIB Expected By Mid 2020   Chief Timipre Sylva, Minister of State for Petroleum Resources, says review of the Petroleum Industry Bill (PIB) is at an advanced stage and full passage of the bill is expected mid-2020. Sylva made the announcement on Wednesday,...