PIB: NNPC faults Mitee on 13% derivation

The Petroleum Industry Bill (PIB) team of the Nigerian National Petroleum Corporation (NNPC) has faulted recent comments credited to the Chairman of the Nigerian...

N’Delta may no longer enjoy 13% derivation – Mitee

The Chairman, Nigeria Extractive Industries Transparency Initiative, Mr. Ledum Mitee, has said the Niger Delta region will no longer enjoy the 13 per cent...

Expert flays oil sector’s $680bn loss to corruption

The Chief Executive Officer, BOk Development Limited, Mr. Adekunle Disu, has condemned the loss of $680bn annually to corruption in the oil and gas...

Local insurers set eyes on oil, energy insurance pool

Nigerian insurers are exploring options that will see them improve on their participation in the high risk but lucrative oil and energy underwriting. The Local...

Nigerian content creates 15,000 direct Jobs – Alison-Madueke

The Nigerian Content Act in the oil and gas industry has created over 15,000 direct jobs since it was signed into law by President...

Shell commits $5m jetty to support NCDMB pipemill

Local content initiative received a boost from Shell Petroleum Development Company of Nigeria, which reconfirmed its commitment to build a $5m jetty in support...

Lawmakers plan to strengthen Local Content Act

The House of Representatives has unveiled plans to strengthen the Nigeria Oil and Gas Industry Content Development Act and help to create an enabling...

NLNG Sues NIMASA over disputed levies

The Nigeria Liquefied Natural Gas (LNG) Limited (NLNG) Tuesday dragged the Nigerian Maritime Administration and Safety Agency (NIMASA) to a Federal High Court in...

Committee will submit PIB report by July 11 —Tambuwal

The Speaker of the House of Representatives, Aminu Tambuwal, said on Tuesday the House Committee on the Petroleum Industry Bill would submit its report...

Nigeria needs robust policy to be able to harness gas potential – UK

The United Kingdom has advised Nigeria to develop a robust policy with strong legal framework to harness its huge gas reserves. The British Deputy High...

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