Oil & Gas

Petroleum Industry Act, beginning of new era in Nigeria —PPPRA By Eyo Nsima The Petroleum Products Pricing and Regulatory Agency, has described the passage of the nation’s Petroleum Industry Bill, PIB, as the beginning of a new era in Nigeria. In a statement obtained by The Daily, www.thedaily-ng.com, Executive Secretary, PPPRA, Abdulkadir Saidu, stated: “The PPPRA […]

By Eyo Nsima The prices of crude oil, Friday, dropped further to $64.05 in the global market, ‘after the U.S. dollar strengthened on concern that the global economic recovery might slow’. With increased vaccination across the world, economic recovery was expected to be rapid in the coming months. But with the speculated slow recovery, prices

The Nigeria National Petroleum Corporation (NNPC), has hailed the recent Appeal Court judgment affirming its operatorship of the Oil Mining License 11 (OML 11), describing it as a huge victory for Nigeria and the beginning of addressing decades of host community restiveness. The Appeal Court sitting in Abuja on Monday upturned the August 23, 2019

BREAKING: Bonny Light price drops to $69.40 By Eyo Nsima The price of Nigeria’s Bonny Light has dropped to $69.40 per barrel as the Coronavirus pandemic resurges in different parts of the world. The price of the crude had risen to $75 per barrel a few weeks ago before sliding to the present level. However,

SPACES FOR CHANGE reacts as President Buhari assents to Petroleum Industry Act .Calls for amendment of 5 clauses By Eyo Nsima SPACES FOR CHANGE | S4C, a non-profit organization working to infuse human rights into social and economic governance processes in Nigeria, has reacted as President Muhammadu Buhari assents to Petroleum Industry Act. According to the

DPR CALL FOR TRAINING OF DOWNSTREAM OPERATORS TO ADDRESS ACCIDENTS IN OIL, GAS INDUSTRY The Department of Petroleum Resources (DPR) has reiterated that the Minimum Industry Safety Training for Downstream Operations (MISTDO) remains compulsory for all players in that part of the petroleum industry. The DPR noted that the programme introduced to safeguard operations in