PIB: Jonathan, Diezani should not award oil blocs – El-Rufai

Former Federal Capital Territory ,FCT, Minister, Malam Nasir Ahmed El-Rufai, yesterday, said the powers of the President and Minister of Petroleum to award oil...

NEITI, OPTS push for better PIB

The Nigeria Extractive Industry Transparency Initiative (NEITI) and the Oil Producers Trade Sector (OPTS) of the Lagos Chamber of Commerce and Industry Thursday threw...

FG, IOCs feud deepens over fiscal terms in PIB

As the National Assembly prepares to sit with the various stakeholders to harmonise their positions on the Petroleum Industry Bill (PIB), the feud between...

Shell, Chevron drum up support for locally made pipes

Shell Companies in Nigeria and Chevron Nigeria Limited have canvassed local manufacturing of Line Pipes for use in Nigeria’s oil and gas industry, saying...

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...

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