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Lawmakers demand immediate halt to spills in oil facilities
English: Political map of the 36 States of Nigeria (English) Deutsch: politische Karte Nigerias (Englisch) (Photo credit: Wikipedia) The Senate Committee on Petroleum (Upstream) and its counterpart on...
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UNDP stakes $2m in Nigeria’s renewable energy project
THE United Nations Development Programme (UNDP) has deposited $2 million with the Bank of Industry, to encourage even private participation and local industries working on renewable energy projects....
View ArticleCrude markets rejoice as oil prices sprint
World oil prices soared on Friday with traders lauding a $150-billion growth pact pushed through by the European Union after Italy and Spain lifted their opposition to it, analysts said. Brent North...
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Importance of full deregulation in a post- PIB (Petroleum Industry Bill) economy
The most topical issue in Nigeria’s oil and gas industry, ‘arguably the most vibrant in Africa’ right now is the Petroleum Industry Bill,(PIB) and the only reason it would come before full deregulation...
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Nigeria explores Eurobond option for gas infrastructure finance
The Federal Government will for the first time be tapping into Eurobond to finance gas infrastructure in the country, Diezani Alison-Madueke, minister of Petroleum Resources has said. Andrew Yakubu,...
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Nigeria, others risk competition from US Shale oil
Oil exporting countries including Nigeria risk facing stiff competition from the fastest growing United States Shale oil, Renaissance Capital has warned. The reaserch and finance firm, in a report...
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Explorationists seek new licensing round for oil sand deposits
THE current decline in conventional crude oil reserves has sparked renewed interest in unconventional energy resources from the Nigerian Association of Petroleum Explorationists (NAPE). Specifically,...
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Govt to monitor real-time oil production
A PLAN by the Federal Government to introduce National Production Monitoring System (NPMS) that will take accurate measurement of oil production may start soon. This is coming as efforts are on to...
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Our role in the $1.09b Malabu Oil mess, by Shell
The controversy over the $1.092, 040,000 Malabu Oil deal continues with one of the parties, Shell Nigeria Ultra Deep Limited (SNUD) opening up on how it acquired 40 per percent equity in Oil...
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Nigeria, others to re-evaluate Trans-Saharan gas project
Nigeria and other stakeholders in the multi-billion dollar Trans-Saharan gas pipeline project have decided to re-evaluate the commercial viability of the project, Group Executive Director, Gas and...
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