WARRI – MINISTER for Petroleum (State), Dr Ibe Kachikwu on Saturday said that the passage of the modified Petroleum Industry Bill (PIB) will open up the oil and gas sector to new local and international Investors for competitive growth and development in line with international best practices. Kachikwu revealed this during the 20th Convocation ceremony […]

Efforts at creating a more conducive environment for Nigeria’s oil and gas sector will receive fresh impetus tomorrow as Vice President Yemi Osinbajo will lead an array dignitaries among whom are, Speaker of the House of Representatives, the Hon. Yakubu Dogara, industry experts and other dignitaries to a brainstorming session in Asaba, the Delta State […]

Stakeholders in the oil and gas sector have expressed optimism that Nigeria’s exit from economic recession will help to stabilise the industry. They also commended the Federal Government’s effort at exiting the country from the recession. They made the commendation in separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Lagos following […]

The import of Nigeria’s crude oil by the United States increased by 32.1 per cent to 52.36 million barrels in the first half of this year, compared to the same period in 2016, The Punch reports. The US Energy Information Administration, the statistical arm of the Energy Department, revealed in its latest data that the […]