A solid picture of the Nigerian oil industry was painted on Thursday by the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, who disclosed that Niger Delta militants have crippled production in the region. The minister revealed that between January and August, Nigeria recorded...

Gets further commitments from Sinopec, CNOOC to close $20bn upstream deals in months The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has signed Memorandums of Understanding (MoUs) with several Chinese firms for over $80 billion new investments, spanning five years, in...

The windfall from oil initiated what should be appropriately described as “a curse” it instantly obliterated the middle class and extended the consumption pattern of the upper class, thus creating an illusion among the lower class. Although it was also observed that the curses or...

The federal government and Niger Delta states have started developing a common and united strategy to deal with the recent resurgent militant attacks on the nation's oil installations. At a meeting held at the Presidential Villa, and presided over by Vice President Yemi Osinbajo, SAN,...

The World Bank has commended the Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, for bringing transparency and accountability to bear on the operations of the NNPC and the entire Oil and Gas...

The Federal Government has commenced the release of Premium Motor Spirit (PMS) known as petrol to Independent Petroleum Marketers Association of Nigeria (IPMAN). The development is contained in a statement issued by Mr Lawson Ngoa, the Secretary, IPMAN Reconciliation Committee, and made available to newsmen...