The Department of Petroleum Resources (DPR) has unveiled its achievements targeted at boosting the industry and making its operations transparent and accountable. The achievements include the establishment of technologies that will track online/real time of production volumes from the oil fields, terminals, the vessels taking them out for exports and their destinations. DPR monitors 19 […] …
Dr Ibe Kachikwu
Investment analysts indicate sluggish growth in oil, gas sector
In its latest report – the Nigerian Upstream Oil and Gas Report – sent to Vanguard, Afrinvest West Africa, a Lagos based investment banking firm, stated: “While we expect fiscal reforms in the industry to proceed at a slow pace, there may be respite when deepwater product sharing contracts (PSCs) expire between 2023 and 2028 as long-lead projects will depend on the fiscal terms negotiated upon renewal. Another major constraint for explorers is the lack of any new licensing round since 2007.
Continue reading Investment analysts indicate sluggish growth in oil, gas sector at Vanguard News Nigeria. …
FEC approves four new private varsities, others
The Federal Executive Council (FEC) presided over by President Muhammadu Buhari yesterday approved the establishment of four new private universities in the country. Minister of Education, Adamu Adamu announced the approval to State House correspondents at the end of the council’s first meeting held this year at the Presidential Villa, Abuja. Adamu listed the new […]
The post FEC approves four new private varsities, others appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …
FG loses $104bn to non-implementation of Deep Offshore Contract Act
James Ojo ,Bimbo Oyesola, Abuja Over $104 billion was lost by the Federal Government for its refusal to implement the Deep Offshore and Inland Basin Production Sharing Contract Act. This was disclosed by the Lagos-based legal luminary, Mr. Femi Falana (SAN), Thursday in Abuja. According to Falana, who stated this at the 40th anniversary of […]
The post FG loses $104bn to non-implementation of Deep Offshore Contract Act appeared first on The Sun Nigeria. …
Nigeria facing worrisome energy crisis – FG
Uche Usim, Abuja Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, on Monday, said there was an urgent need to evolve a sound industry blueprint to energy crisis the country currently faces. Speaking at the 11th Nigerian Gas Association (NGA) conference and exhibition in Abuja, Kachikwu, who was represented by his Senior Technical Adviser on […]
The post Nigeria facing worrisome energy crisis – FG appeared first on The Sun Nigeria. …
FG targets Northern Nigeria through AKK gas project
The Minister of state for Petroleum Resources, Dr Ibe Kachikwu, on Monday said the country was looking beyond the Niger Delta in its effort to find alternative source for gas supply. Kachikwu disclosed this at a breakout session at the ongoing Nigerian Gas Association 11th International Conference and Exhibition in Abuja. The minister was represented […] …
I didn’t claim to have obtained First Class in Law, says Kachikwu
Uche Usim, Abuja Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, on Thursday, said he never claimed to have bagged a First Class degree in Law from the University of Nigeria, Nsukka in 1978, contrary to claims by an online medium, Premium Times. Kachikwu, in a statement signed by the Director, Press of the Ministry, […]
The post I didn’t claim to have obtained First Class in Law, says Kachikwu appeared first on The Sun Nigeria. …
Flood: Delta records child birth at IDP camp
Paul Osuyi, Asaba The Internally Displaced Persons (IDP) camp for flood victims at Ogbe-Afor Primary School, Asaba, Delta State has recorded the safe delivery of a baby girl by one Mrs. Chidinma Ismaila. The baby was delivered with the assistance of the chairman of Delta State Primary Healthcare Development Agency, Dr. (Mrs.) Isioma Okobah, who […]
The post Flood: Delta records child birth at IDP camp appeared first on The Sun Nigeria. …
Flood: Petroleum minister, Kachikwu donates to Delta IDPs
Kachikwu joins others to address energy infrastructure deficiency
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, will join other speakers to address energy infrastructure deficiency in Sub-Sahara Africa at the Africa oil and gas summit scheduled to hold next month in Nairobi, Kenya. Convener of the summit, Oladeji Olawale, who spoke at a news conference in Lagos yesterday, said the key operators […] …