DEMS Volunteers Welcomes Digital Tracking System in Oil & Gas Sector   The leadership of Digital Economy Media Support Volunteers’ (DEMS Volunteers’), an NGO tracking development activities in the nation’s public and private sector on digital economy, has assessed activities of the Minister of State for...

OPEC's Failure To Deepen Cuts May Drive Oil To $40 - Report   New outlook by international observers has shown that a substantial build of global crude stocks and a corresponding drop in oil prices is imminent if additional oil production cuts by OPEC in 2020,...

Nigeria Achieves, Exceeds Target On Crude Production Cut   Nigeria has consistently met and exceeded its crude oil production cut target which it voluntarily entered into as a member of the Organisation of Petroleum Exporting Countries, the Federal Government declared on Sunday. It also gave assurances of...

Gas Commercialisation'll Reduce Nigeria’s Energy Cost – FG   The implementation of the Nigerian Gas Flare Commercialisation Programme will cut down the cost of energy across the country soon, the Federal Government has said. It also said that the gas commercialisation programme would address more than half...

Group Faults Sylva On $62bn Revenue   The Accountable Leadership for Better Nigeria Initiative on Sunday condemned statements made by the Minister of State for Petroleum Resources, Timipre Sylva, on why the Federal Government would not be able to recover $62bn from international oil companies. In his...

Border Closure Reduced Fuel Consumption By 8m Litres – FG   The Federal Government has said the closure of the land borders by the Nigeria Customs Service has cut down the consumption of Premium Motor Spirit, also known as petrol, from 60 to 52 million litres...