FG Awards First Oil Exploration License Under PIA The Federal Government has granted a Petroleum Exploration Licence to TGS-PetroData Offshore Services Limited, which is the first of such licence to be issued under the Petroleum Industry Act 2021. It said the licence, which was granted by...

Group to EFCC: Hasten Probe of ex-Petroleum Minister, Sylva The Centre for Human Rights and Socio-Economic Justice has asked the Economic and Financial Crimes Commission (EFCC) to speed up investigations of its petition, requesting probe of Mr Timiore Sylva, immediate past minister of state for...

Sales of Crude Oil Rise by 46% to N21tn - NBS Nigeria’s crude oil sales rose by 46.41 per cent to push Nigeria’s total export to N26.79tn in 2022. This is as total trade rose by 31.79 per cent from N39.75tn in 2021 to N52.39tn in...

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...

PIB: FG Plans Single Regulator For Midstream, Downstream Sectors       The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in the midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB). The new PIB is currently before...

Petroleum: Ministry Moves To Attract Fresh US Investments   The Ministry of Petroleum Resources is looking to attract more investments from the United States and strengthen cooperation in the energy sector. The Minister of State for Petroleum Resources, Chief Timipre Sylva, was part of the Nigerian delegation...