FG, Shell In Talks Over Sale Of Nigerian Oil Assets       The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said the Federal Government is in talks with Shell over the planned sale of the company’s stakes in Nigeria’s onshore oil assets. The Nigerian oil...

Nigeria Closer To Full Gas Utilisation Potential, Says Buhari         President Muhammadu Buhari, on Tuesday said Nigeria under his watch was getting closer to the nation’s dream of full utilisation of its abundant gas potential. According to a statement by his Special Adviser on Media and Publicity,...

NEITI Clears NNPC, Says 11 Audit Issues Resolved         The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation, NNPC, in its past audit reports have been resolved. In a statement in Abuja,...

New Gas Project To Add N2.8trn To Nigeria’s Economy         About N2.8 trillion-revenue is expected from a new 200 million cubic feet gas project being promoted by the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC). This revenue is expected to...

NPDC, Largest Gas Supplier To Domestic Market - MD         The Managing Director of the Nigerian Petroleum Development Company (NPDC), Mr Mansur Sambo, says the company is the largest supplier of the domestic gas in the country. Sambo disclosed this while fielding questions from newsmen after a...

Crude Oil Remittance: Court Upholds $1.7bn Arbitral Award In Favour Of NPDC           The Federal High Court in Lagos has upheld a landmark $1.7billion arbitral award in favour of the Nigerian Petroleum Development Co. (NPDC) Ltd against the Atlantic Energy Drilling Concepts Nig. Ltd and Atlantic...