NUPRC Vows Support For Indigenous Oil, Gas Coys With Right Policies The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has reinstated its support indigenous oil and companies with the right policies and regulations to grow. NUPRC Commission Chief Executive (CCE), Mr. Gbenga Komolafe, stated this when he...

Oil Communities, Firms Partnership Target $5bn Investment Fund   The Host Communities of Nigeria Producing Oil and Gas had said it is targeting a $5bn fund in partnership with the private sector to kick-start investment drive and development in the oil-producing states in the country. The Executive...

Oil, Gas Industry Operators to Get 10-year Tax Vacation - Sylva The Minister of State, Petroleum, Chief Timipre Sylva, said yesterday that when the Petroleum Industry Act (PIA) fully takes off, it will provide for a 10-year tax vacation for some oil and gas investors...

OBITUARY: Mohammed Barkindo, the 'Stabiliser' who Made Nigeria Proud in Global Energy Community, by Rahma Oladosu   "Life's but a walking shadow, a poor player, That struts and frets his hour upon the stage, And then is heard no more. It is a tale Told by an idiot, full...

IOCs Divestments, Threat To Nigeria’s Oil Sector – FG   The Federal Government on Sunday night described the divestments by international oil companies from the Nigerian oil and gas sector as a threat to the industry. It, however, challenged indigenous oil producers to see the IOCs’ divestments...

Oil, Gas Stocks Gain N355.8bn In Four Months   The unprecedented bull run recorded in the country’s stock market that resulted in over an N5 trillion increase in market capitalisation, coupled with the surge in global crude oil prices, impacted positively the oil and gas stocks...