Nigeria, Other Countries Benefit As Europe Rushes to Africa for Gas Nigeria, as one of the largest oil reserves in the world, is expected to see massive patronage from Europe during the boycott of Russian gas. A huge energy crisis in eastern Europe has resulted from...

Why Gas Remains Top Priority For Nigeria – Buhari     President Muhammadu Buhari has said investment in gas remains a top priority for the country because of huge benefits in terms of returns and utility. He stated this Thursday in Paris, France, while receiving the Chief Executive...

Fed Govt Seeks Active Exploration For New Oil, Gas Resources       The Department of Petroleum Resources has said the Federal Government will promote active exploration for new oil and gas resources in the country as it seeks to ramp up reserves to 50 billion barrels. The DPR...

Oil, Gas GDP Contribution Declines By N3.25trn In Two Years       The contribution of crude petroleum and natural gas sector, which is a sub-sector under the mining and quarrying sector, to Nigeria’s Gross Domestic Product dropped from N13.45tn in 2018 to N10.2tn in 2020, signifying a...

We’ll Keep Promoting Gas As Alternative To Petrol, Says FG       The Federal Government will continue to promote the use of natural gas as an alternative to Premium Motor Spirit, popularly called petrol, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said. Sylva said...

Nigeria Lost N53.26bn To Gas Flaring In Two Months – NNPC       Nigeria lost an estimated N53.26bn in the first two months of this year as international oil companies and local players flared a total of 33.04 billion standard cubic feet of natural gas. The oil companies...