PIB: FG Plans Single Regulator For Midstream, Downstream Sectors       The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in the midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB). The new PIB is currently before...

NASS Shifts PIB Deliberations To 2021 – FG       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...

Despite Abundant Gas, Nigeria Imports 71% Of LPG Consumed In One Month – PPPRA       Despite abundance of gas in Nigeria, 71.35 per cent of the Liquefied Petroleum Gas, LPG, also known as cooking gas, consumed in the country in the month of August 2020 were...

‘FG Aggressively Developing Gas-to-power Infrastructure, Exploration’       The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mele Kyari, has said the Federal Government is aggressively pursuing other gas development initiatives to improve Nigeria’s current utilization of alternative fuels as well as stimulating gas demand and power...

Subsidy Removal Will Earn Nigeria N1trn Annually       The Federal Government yesterday said the country stood to rake in over N1 trillion annually from fuel subsidy removal. Minister of State, Petroleum, Chief Timipre Sylva, said the cash would be deployed to fund other critical components of the...

Further Petrol Price Hike Likely, Marketers Warn Nigerians     Fuel marketers across the country adjusted their pump prices on Thursday to between N158 and N162 per litre of petrol, saying a further increase in global crude oil prices would push the pump price of petrol higher. Petrol...