Effects of the Petroleum Industry Act, by Salisu Na'inna Ɗambatta The Petroleum Industry Act (PIA) 2021, which has lingered for around 20 years as it went through the porocess of enactment is now being assidiously implemented by the Federal Government through the Mele Kyari-led NNPC...

Petrol Subsidy: FG To Continue Bridging Cost Payment   The Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Farouk Ahmed has disclosed that the Federal Government will continue to pay the cost of bridging petrol to ensure its availability...

Despite NNPC Claim, Fuel Marketers Predict N170/litre   The pump price of Premium Motor Spirit, popularly called petrol, may rise from the current N162-N165/litre to N170/litre, while its depot price is projected to increase from N159/litre to N165/litre, oil marketers said on Thursday. Dealers under the aegis...

Nigeria’s Crude Oil Production To Hit 1.8m Barrels Daily — Kyari Nigeria’s crude oil and condensate output will be at 1.8 million barrels per day (mbpd) and is likely to overcome production issues by the end of December, the Group Managing Director, Nigerian National Petroleum...

ExxonMobil, Chevron, Others To Pay NNPC N156bn For Crude Exports   Nine multinational oil companies including Chevron and ExxonMobil will pay the Nigerian National Petroleum Company Limited a total of N156.148bn this for the August 2021 domestic crude oil exports, the NNPC has said. A document obtained...

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...