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Dr Ibe Kachikwu

Seplat wins NCDMB’s award for impactful local content initiatives

UGO AMADI

Seplat Petroleum Development Company Plc has emerged as the Nigerian Content Development and Monitoring Board’s (NCDMB) most impactful independent upstream operating company for its local content initiatives at the Nigeria Oil and Gas Opportunity Fair (NOGOF) held at the new NCDMB headquarters in Yenagoa, Bayelsa State.

Anxiety mounts as more stakeholders divest from downstream sector

UGO AMADI, BUSINESS EDITOR

The recent outburst by the Major Oil Marketers Association of Nigeria (MOMAN) on tough operating environment in the downstream sector of the Nigerian oil and gas industry which has warranted many players in the industry divesting while some close shops has become a source of worry to stakeholders.

Kachikwu reveals FG next plan for petroleum resources

UGO AMADI

Stakeholders in the oil and gas industry has emphasized that until the downstream sector of the oil sector is fully liberalised, the spectra subsidy on imported refined products will continue to be a recurring factor in Nigeria’s energy mix.

Nigeria, India pledged to work closely to enhance energy security of both countries

The consensus came on the heels of a visit in Abuja of the Indian High Commissioner to Nigeria, His Excellency, Abhay Thakur, to the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, a release by the corporation’s Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, has said.

Kachikwu reveals FG next plan for petroleum resources

…. as Total liberalization remains the best option

UGO AMADI

Worried about the poor state of the downstream sector of the oil and gas industry, Stakeholders in the industry have conversed for a total deregulation of the downstream sector of the petroleum industry as it would unlock the huge private investment potentials in the sector and also stimulates sustainable growth.

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