The Nigerian National Petroleum Corporation (NNPC) plans to get fund from the capital market to bankroll oil projects in the country. Group Managing Director of NNPC, Maikanti Baru, revealed this on Tuesday at the current 2018 Nigeria Oil and Gas Conference in Abuja. According to him, “To spur the much needed investment, the government has […]

Minister of Petroleum (State) Ibe Kachikwu has explained that there are only a few persons using electric cars and as such demand for crude oil will not subside. Kachikwu noted this on Tuesday at the ongoing 2018 Nigeria Oil and Gas Conference in Abuja. “The oil industry is at a very critical stage in its […]

Minister of State for Petroleum Resources Ibe Kachikwu has noted that the positive transformation in the oil and gas sector is due to “Declaration of Cooperation” by the Organisation of Oil Exporting Countries (OPEC) and non-OPEC members. Kachikwu said this during the seventh OPEC International Seminar in Vienna, Austria, captioned “Petroleum: Cooperation for a Sustainable […]

Minister of State for Petroleum Resources Dr. Ibe Kachikwu said yesterday has highlighted positive developments that the Organisation of Oil Exporting Countries (OPEC) and non-OPEC members has achieved. Dr. Kachikwu who spoke to news men as the seventh OPEC International Seminar in Vienna, Austria, held with the theme “Petroleum: Cooperation for a Sustainable Future.” OPEC […]

The Minister of State for Petroleum Resources, Ibe Kachikwu, said the Oil and Gas sector in Nigeria had witnessed positive transformation since the “Declaration of Cooperation” by OPEC and non-OPEC members. Kachikwu said this in an interview with journalists on the sideline of the 7th OPEC International Seminar taking place in Vienna, Austria, with the […]

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has urged oil and gas industry operators to collaborate with the industry regulators to ensure speedy approvals of Field Development Plans (FDPs) to attract investments to the oil and gas sector. In his keynote address at a ‘Technical symposium on Field Development Plan (FDP) Approval […]

A statement by Idang Alibi, the Director, Press and Public Relations in the The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has been named among 100 Most Influential Africans of 2017 by a London-based magazine, the `New African’. A statement by Idang Alibi, the Director, Press and Public Relations in the ministry, said […]

Strong indications have emerged that the federal government of Nigeria may consider increasing the price of Premium Motor Spirit (PMS), popularly called petrol to a minimum price of N180 per litre and above anytime soon. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who hinted this in Abuja on Thursday, said the current […]

The plan by the Federal Government to announce private companies it has chosen to repair, revamp and maintain the country’s three refineries has been shifted to 2018. Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, had at the Offshore Technology Conference (OTC) in Houston, Texas, hinted that the government would in September 2017 reveal […]

Vested interests, religious and ethnic sentiments could frustrate attempts by the Senate to unravel the true position of the alleged $25b contracts, awarded by the Nigerian National Petroleum Corporation (NNPC).Already, cracks in the nine-member ad hoc panel led by a former Sokoto State governor, Senator Aliu Magatarkada Wamakko, has widened, as influential senators, including some […]