Tag:Oil Firms

NOGOF 2025: Oil firms urged to shore up production to meet OPEC quota

The Minister of State for Petroleum Resources (Gas), Chief Ekperenkpo Ekpo, on Wednesday, May 21, 2025, urged oil and gas stakeholders to collaborate to...

Minister worries National Assembly summonses distract oil firms from core work

Minister of State for Petroleum (Oil), Heineken Lokpobiri, has expressed concern over the frequent summonses issued by the National Assembly to international oil companies...

Reps secure seven major oil firms’ commitment to settle $37.4m debt

The House of Representatives has secured the commitment of seven major oil companies to pay the $37,435,094.52 (approximately ₦58 billion) owed the country before...

Reps query oil firms over environmental degradation in Niger Delta

The House of Representatives Joint Committee on Environment, Petroleum Resources Upstream, Petroleum Resources Downstream and Climate Change has queried oil producing companies operating in...

Govt urges local, foreign oil firms to help tackle energy poverty

The Minister of State, Petroleum Resources, Chief Timipre Sylva, has called on both local and international oil companies to join hands with the Federal...

Environmentalist tasks oil firms on onshore pollution cleaning

An environmentalist, Dr Nnimmo Bassey, has urged oil firms in the Niger Delta to clean up polluted onshore sites before moving their activities offshore. Bassey...

PIB proposes revocation of licences of oil firms over neglect of host communities

The new Petroleum Industry Bill (PIB) before the National Assembly is proposing the revocation of licenses for oil and gas companies who neglect their...

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Economist says reliable power supply key to Nigeria, India $1bn steel deal

An economic expert, Dr Emmanuel Eche, says implementing Nigeria’s deal with Indian company, Rashmi Metaliks Group, to develop its...
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UAE exit from OPEC signals need to reassess Nigeria’s oil strategy – Expert

An energy expert, Dr Billy Gillis-Harry, says the United Arab Emirates’ (UAE) exit from the OPEC signals the need...

Countries reach consensus on new strategy to scale adaptation action for most vulnerable

Countries and partners have reached consensus on a new programming strategy for the Global Environment Facility’s Least Developed Countries Fund (LDCF) and Special Climate...

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Economist says reliable power supply key to Nigeria, India $1bn steel deal

An economic expert, Dr Emmanuel Eche, says implementing Nigeria’s...

UAE exit from OPEC signals need to reassess Nigeria’s oil strategy – Expert

An energy expert, Dr Billy Gillis-Harry, says the United...