Miners under the auspices of Miners Association of Nigeria, MAN, have hailed the Federal Government over the recent inauguration of ‘Development Partners and Donor Agencies Coordination Group on Mining’ by the Minister of Mines and Steel Development, Dr Kayode Fayemi.

I can tell you that in the last 15years or so, the refineries have been in extremely bad condition and we have been relying exclusively on imports, which is extremely disgraceful.

CHIEF Executive Officer of Seplat Petroleum Development Company, SPDC, Mr. Austin Avuru has lamented the delay that trailed the passage of the Petroleum Industry Governance Bill, PIGB, stressing that the delay is capable of driving away would-be investors from the Nigerian petroleum sector.

Stakeholders have called on the Federal Government to intensify efforts, toward ensuring that 30 percent of its electricity is generated from renewables by 2030.

The Nigerian National Petroleum Corporation, NNPC, and its subsidiary, the Pipeline and Products Marketing Company, PPMC, earned N680.1billion from the sale of 5.5 billion litres of white petroleum products in the first four months of the year, between January and April 2017.

Nigeria’s quest to end gas flaring, ahead of global 2030 target, may be far from possible, as Federal Government has not yet enforced stringent penalties against defaulters.

Nigeria’s rig count has reduced by two as the total rig count for the month of May went down to 27 as against 29 recorded in April, latest data from the Organisation of Petroleum Exporting Countries, OPEC, shows.

The Department of Petroleum Resources, DPR, has undertaken a review of its templates and processes of license issuance for the petroleum industry, pegging the fees for granting Licence to Establish (LTE) and Licence to Operate (LTO) of a petroleum refinery at $150,000.

Lekoil Limited has confirmed the delivery of 250,000 barrels of crude oil to Shell Western Supply and Trading Limited.

With over $50 per barrel in the first quarter of 2017, some watchers of the international market were hopeful that crude oil prices would remain stable for a greater part of this year.

Bonny Graduates Forum, BGF, has expressed fears that about 18,000 jobs would be cut in the Niger Delta, as a result of the amendment of Nigeria Liquefied Natural Gas, NLNG’s Act.

The Chairman of Rivers State House of Assembly Committee on Environment, Hon Christian Ahiakwo, has accused the federal government of insincerity with its claim to encourage Niger Deltans to invest in modular refineries, saying it granted 56 licenses to operators with non from the region.

The Federal Government of Nigeria realised $2 billion (N611 billion) as revenue from the operation of the Onne Oil and Gas Free Zone through the Nigerian Ports Authority (NPA) within the last six years.

It disclosed that contractors have been re-trained on clean-up and remediation techniques and SPDC has assigned specialist supervisors to a number of project sites to ensure effective oversight and compliance.

Nigeria’s oil production declined to an average of 1,388 million barrels per day (mbpd) in the first quarter, Q1’17, data obtained from the Organisation of Petroleum Exporting Countries, OPEC, showed.