Ministry of Petroleum Resources

Nigeria’s minister of state, petroleum resources, Timipre Sylva, has called on Nigerians to be happy and proud that Africa’s biggest oil state is about to resume petroleum products importation from neighbouring Niger Republic. Sylva…

The Organisation of Petroleum Exporting Countries (OPEC) has said that the number of active oil rigs in Nigeria declined by 30% in October, with the rig count falling to seven in October from 10 in September. The rig count is largely a…

Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has called on the Department of Petroleum Resources, DPR; Nigerian National Petroleum Corporation, NNPC; Ministry of Labour and Employment, and Ministry of Petroleum Resources to…

       …As Buhari presents 2021 budget next weekThe Nigerian National Assembly Joint Committee on Petroleum Resources (Downstream), Petroleum Resources (Upstream) and Gas have reportedly had preliminary engagements with the Federal…

The Gas Aggregation Company Nigeria Limited has said that its decision to review existing agreements used in transactions within Nigeria’s domestic gas market will not lead to hike in prices of gas. GACN in a statement on Tuesday said…

The Minister of State, Petroleum Resources, Mr. Timipreye Sylva, has said that in order to cushion the effect of the removal of petroleum subsidy on Nigerians, the Federal Government is as fast-tracking the nationwide roll-out of cleaner…

Prof. Wumi Iledare, a Professor of Petroleum Economics, on Tuesday urged the Federal Government to ensure adequate preparation before the introduction of the use of Compressed Natural Gas (CNG) in the country. Iledare, a former…

Oil workers in agencies under the Ministry of Petroleum Resources, yesterday night, suspended their strike after meeting with the Accountant General of the Federation. Oil workers attached to the Federal Ministry of Petroleum Resources,…

Oge Obi, The Federal Government has increased the penalty on gas flaring from N10 per thousand standard cubic feet of gas to $2 - equivalent of N612.8 at the current official exchange rate of N306.4 to one dollar per thousand standard…