The Managing Director of NIPCO Gas Limited, Mr. Nagendra Verma, on Friday outlined an ambitious expansion programme spanning pipeline infrastructure, city gas distribution networks and Compressed Natural Gas (CNG) stations nationwide, as part of efforts to accelerate Nigeria’s energy transition…
Tinubu Executive Order Undermines Petroleum Industry Act, Threatens Oil Sector Growth and Jobs — PENGASSAN Warns
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned the new executive order signed by President Bola Ahmed Tinubu could destabilise Nigeria’s oil and gas sector driving away much needed investment, undermine the Petroleum Industry Act…
NUPRC’s New Chief, Eyesan Unveils Three-Pillar Reform Agenda to Reposition Nigeria’s Upstream Oil Sector
The sweeping reform agenda is aimed at restoring efficiency, predictability, and sustainable growth in Nigeria’s upstream petroleum sector – Oritsemeyiwa Eyesan. Promises Improved Efficiency, Collaboration Commences 90-day Approval Fast Track for quick-win opportunities Insists on Implementation of Decarbonisation Initiatives…
NNPC Overhauls Investment Model: No More Pledging of Crude, Focus Shifts to Growth Capital
In a bold departure from legacy practices, NNPC has ended its oil-pledging finance model under the leadership of GMD Bashir Ojulari. The company is now inviting investors to partner on production growth and long-term value creation, with over $2 billion in proposals already under review.
Petroleum Industry Experts Demand Removal of NMDPRA’s Aminu Said Ahmed from New NNPC Board, Cite Non-Compliance with PIA Act
A number of petroleum industry experts have faulted the appointment of Aminu Said Ahmed of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) into the newly reconstituted Board of the Nigerian National Petroleum Corporation (NNPC) Ltd. They sounded the…
CERAWeek: NNPC Ltd Positions Nigeria as Prime Investment Destination
…Confirms that Nigeria’s energy sector attracted $16 billion to $17 billion in foreign investment inflows in 2024, driven by regulatory reforms and investor-friendly policies. The Nigerian National Petroleum Company Limited has called on global investors to direct their attention to…
Oil Marketers explain increase in fuel price; recommend strategies to reduce negative impact
The Major Oil Marketers Association of Nigeria (MOMAN) have expressed their deepest empathy to all Nigerian citizens; acknowledging the challenges faced by the Nigerian public over the increasing cost of premium motor spirit (pms). This is even as the association…
PIA: MOMAN commends regulatory body on consultation with stakeholders
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has been commended for its unprecedented consultation with stakeholders towards the successful implementation of the Petroleum Industry Act (PIA) 2021. Mr Olumide Adeosun, Chairman, Major Oil Marketers Association of Nigeria (MOMAN), made the commendation in a…