Timely approval of licences, permits necessary for oil sector growth

The Chief Executive Officer, Dreg Waters Petroleum and Logistics Limited, Damilola Owolabi, has stressed the need for Nigeria to fast track the approvals of...

Oil majors to divert capital from upstream to renewables – Wood Mac

A new report by Wood Mackenzie has predicted that capital will increasingly be diverted by the oil majors from the upstream sector to build...

Siemens CEO says Nigeria’s oil, gas facilities need digital revolution

The Chief Executive Officer, Siemens Limited Nigeria, Onyeche Tifase, has said Nigeria can become a global energy powerhouse by embracing a digital revolution in...

FG to pay first tranche of $5.1bn cash call debt to IOCs in April...

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed that the federal government will next month disburse the first tranche of...

Indigenous companies require more investment to improve production – Expert

The Head of Energy Research, Ecobank Nigeria Limited, Mr. Dolapo Oni has said that Nigeria has not been able to ramp up production from...

Brent slips below $108

Brent crude oil slipped below $108 a barrel on Wednesday as the dollar gained ahead of eagerly awaited word from chairman Ben Bernanke on...

Operators need to invest in gas processing – Seven Energy boss

The Chief Executive Officer, Seven Energy International Limited, Philip Iheanacho has said that operators in the oil and gas industry need to invest in gas...

Nigeria’s oil production currently at 1.3m bpd – Kachikwu

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has said that the nation’s crude oil production has fallen from an average...

Major oil producers in initial agreement to extend output cuts

Saudi Arabia’s oil minister said Thursday that a number of major crude-producing countries reached an initial agreement to extend output cuts, as persistently high stockpiles...

Operators at odds over legality of 3 oil and gas free zones

Operators have continued to criticize the legality and operations of the three oil and gas free zones operated by oil logistics giant, INTELS, Vanguard...

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