OPEC Decision On Oil Production Cut, Unanimous – FG   The Federal Government on Tuesday said the decision by the Organisation of Petroleum Exporting Countries (OPEC) to cut two million barrels of crude oil production was a unanimous one. It said the step was taken to stabilise...

FG to Increase Gas Export to Europe in 2022 - Sylva The Minister of State for Petroleum Resources, Chief Timipre Sylva, has revealed that Nigeria will be able to send more Liquefied Natural Gas to Europe by next winter. He disclosed this at the Gastech conference...

FG Says Gas Infrastructure Deficit Requires $2bn Yearly   The Federal Government on Tuesday put the estimated amount required to bridge Nigeria’s gas infrastructure deficit at $2bn annually. The Minister of State for Petroleum Resources, Chief Timipre Sylva, disclosed this at the inauguration of the Governing...

17 Years After, FG Seeks Investors For Abandoned Brass LNG Project   The federal government is shopping for new investors to revive the stalled Brass Liquified Natural Gas (BLNG) project, just as the Minister of State Petroleum Resources, Chief Timipre Sylva, pledged the government’s commitment to...

FG Says Port Harcourt Refinery'll Produce 60,000 barrels/day Early 2023   The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Tuesday, said the April 2023 completion date for the rehabilitation of the Port Harcourt refinery was feasible and that the plant would refine 60,000...

Fed Govt Laments Rapid Drop In Oil, Gas Investments   Minister of State Petroleum Resources, Timipre Sylva, has decried the rapid drop in foreign investment flow to Nigeria’s oil and gas sector. He equally decried the speed at which Europe has been pushing back against investment in...