Royal Dutch Shell Plc, operator of Nigeria’s largest oil fields, plans to boost its natural-gas production in the country as it starts a new facility and cuts flaring, or the burning of the fuel at fields.

International oil companies in Nigeria, IOCs, have been accused of refusing local insurance companies the opportunity to cover their risks under the guise that the local underwriters don’t have international credit ratings.

The Chief Executive Officer of Techno Oil Limited, Mrs. Nkechi Obi, has been conferred with the Member of the Order of the Niger, MON, for her meritorious and selfless services to the nation.

The Federal Government has urged operators in the nation’s extractive industries to operate in a professional manner that will ensure the sustainability of the environment and help create opportunities for wealth creation for millions of Nigerians.

Nigeria needs to establish a Refinery and Petrochemical Plant Development Commission (RPPDC) to increase its GDP, deregulate the downstream sector of its oil and gas industry and remove fuel subsidy to avoid bankruptcy and anarchy.

Facility for Oil Sector Transparency, FOSTER, recently ended a two-day capacity building workshop on effectively analyzing and utilizing reports from the Nigerian Extractive Industries Transparency Initiative, NEITI.

The National Insurance Commission, NAICOM, has charged insurance brokers in the country to avail themselves of the opportunities in the Local Content Act and carve a niche for themselves.

One of the ways the Nigerian Extractive Industry Transparency Initiative, NEITI plans to some of the challenges facing it in terms of oil and gas audit processes and data gathering, to boost public confidence is in automation of processes.

Recently, about 60 participants from nine African countries took part in a two-week Regional Extractive Industries Knowledge Hub (REIK Hub) Summer School, which held at the Ghana Institute of Management, Policy and Administration, Accra.

The Nigerian government constantly speaks of the desire to “diversify the source of revenue generation for the economy away from oil,” and regularly projects the mining industry as the next best thing outside crude oil.

The Bayelsa State Government has called on the Ijaws in Diaspora to return home and invest in the cause of transforming the state from a resource based economy into a knowledge-driven one, so as to catch up with the rest of the world.

SAPELE-LARGE quantity of bitumen allegedly from pipelines belonging to Asca Bitumen Company located in Ogorode, Sapele, Okpe Council Area of Delta State was late Tuesday night spilled into the sprawling residence of Nigeria’s first Finance Minister, Late Chief Festus Okotie-Eboh.

Oil refining is the process that takes us from crude oil to refined or finished products through an oil refinery such as high-octane motor fuel (gasoline/petrol), diesel oil, liquefied petroleum gases (LPG), jet aircraft fuel, kerosene, heating fuel oils, lubricating oils, asphalt and petroleum coke.

NOT less than $50billion would have been spent in the next five years if the federal government yields to the ongoing pressure to allow the continuation of fuel subsidy according to Sweetcrude investigation.

Canada has revealed that some of its major energy companies have expressed an interest to invest in Nigeria’s power sector.