oil sector

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Rep signifies major changes underway  in oil sector

Rep signifies major changes underway in oil sector

THE Nigerian National Petroleum Corporation (NNPC) may have started measures towards selling the nation’s old refineries, as well as withdrawal of licences from inactive investors in the sector.

Foreign investors stake $291m in Nigeria’s oil sector

Foreign investors stake $291m in Nigeria’s oil sector

FOREIGN investment inflow into the Nigerian oil and gas industry rose to $291.47 million in the first six months of the year, between January and June 2017, according to data released by the National Bureau of Statistics, NBS. The NBS in its Second Quarter 2017 Foreign Capital Importation Report, disclosed that foreign investment inflow into the oil and gas sector appreciated by 31.76 per cent compared to an inflow of $221.21 million recorded in the first six months of 2016.

Gaius-Obaseki commends FG over oil sector reforms

Gaius-Obaseki commends FG over oil sector reforms

FORMER Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Jackson Gaius-Obaseki has commended the administration of President Muhammadu Buhari for the on-going reforms in the petroleum industry.

Stakeholders proffer solution  to ‘toxic’ gas, oil sector

Stakeholders proffer solution to ‘toxic’ gas, oil sector

To overcome the “toxic and explosive” relation-ship among governments, corporate bodies and host communities, there is need to fight corruption and sharp practices by fingerprinting products of oil and gas industry, for a comprehensive data base.