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Tag "Petroleum Industry Act"

Kyari: NNPC Limited’s upstream assets may be worth $90bn

    Kyari: NNPC Limited’s upstream assets may be worth $90bn

Mele Kyari, group chief executive officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, says the company’s upstream assets may be worth $90 billion. Kyari said this on Wednesday during a

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Nigeria needs effective regulations to harness PIA benefits, says Sylva

    Nigeria needs effective regulations to harness PIA benefits, says Sylva

Timipre Sylva, minister of state for petroleum resources, has said effective regulations are needed to harness the benefits of the Petroleum Industry Act (PIA) for global relevance. According to NAN,

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PIA: NNPC broadens investment opportunities

    PIA: NNPC broadens investment opportunities

BY EMMANUEL IKE There have been what looks like a groundswell of criticisms against plans by the Nigerian National Petroleum Company (NNPC) Limited to expand its operations by exercising its

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Report: Nigerian economy to benefit from Seplat-ExxonMobil deal 

    Report: Nigerian economy to benefit from Seplat-ExxonMobil deal 

The Wood Mackenzie group, an analytical and consulting firm, says ExxonMobil and Seplat deal will offer huge upside for Nigeria’s oil and gas sector.   Last Friday, Seplat Energy Plc said it has

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PIA: Reps move to transfer assets of defunct NNPC

  PIA: Reps move to transfer assets of defunct NNPC

Kingsley Chima, chairman, house of representatives ad-hoc committee, says the committee is working to finalise the transfer of assets of

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Oil belongs to Niger Delta people, not Nigeria

  Oil belongs to Niger Delta people, not Nigeria

BY MICHAEL OWHOKO For the record and for posterity, it is imperative to state that oil found in the Niger

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‘Timing was problematic’ — FG postpones petrol subsidy removal

  ‘Timing was problematic’ — FG postpones petrol subsidy removal

The federal government has postponed the planned petrol subsidy removal till further notice due to “high inflation and economic hardship”.

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Obaseki: NEC still deliberating on recommendations on fuel subsidy removal

  Obaseki: NEC still deliberating on recommendations on fuel subsidy removal

Godwin Obaseki, governor of Edo, says the National Economic Council (NEC) is still deliberating on recommendations by the ad-hoc committee

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PIA: Niger Delta should use 3% well before asking for more, says amnesty programme coordinator

  PIA: Niger Delta should use 3% well before asking for more, says amnesty programme coordinator

Milland Dikio, interim administrator of the Presidential Amnesty Programme (PAP), has urged the people of Niger Delta to focus on

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Energy transition: Oil industry going through critical phase, says Mele Kyari

  Energy transition: Oil industry going through critical phase, says Mele Kyari

Mele Kyari, group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says the oil industry is at a

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