FG To Reclaim Idle Oil Assets Through ‘Produce Or Lose’ Policy
The federal government is set to enforce the “drill or drop” provisions of the Petroleum Industry Act (PIA), allowing it ...
Tuesday, April 15, 2025
Tag: OIL
PIA Flaws Jeopardises Government Levy Collection In Oil,Gas Sector
Over years obsolete laws have guided operations in the industry creating multiple challenges in revenue sharing formulas and reducing influence ...
‘Why Some Cooking Oils Freeze Under Refrigeration’
Cardiologists and other experts have given reasons why some cooking oils freeze when refrigerated. The buzz surrounding the "Freezing ...
Global Crude Freight Cost Rises Over Iran Attack On Israel
Global oil traders are weighing present circumstances in the Middle East after Iran launched attack on Israel. Although, while that ...
Can Nigeria Move Away From Oil?
The crisis-induced alterations in the pricing of crude oil in the global market have always placed Nigeria and other oil ...
‘Oil To Play Key Role For More Decades’
Though Saudi Aramco and Exxon Mobi have thrown their weight behind global transition to cleaner forms of energy, they said ...
Nigeria’s Oil, Gas Free Zones Authority Remits N138bn To FG
The Oil and Gas Free Zones Authority, Nigeria (OGFZA), has remitted over N138 billion in revenue to the federal government ...
Russian Oil Flow To Africa Up To 420,000 Barrels Daily In March
Russia has increased its oil sales through Africa following sanctions from Western nations. Russia's refined product exports to Africa have ...
PETAN Reiterates Commitment To Oil Industry Growth
The Petroleum Technology Association of Nigeria (PETAN) has reiterated its commitment to the development of the oil and gas industry. ...
Hope Rises As OPEC Discusses Output Cut With US
As the coronavirus impacts on global fuel demand leading to crippling oil prices, Organisation of Oil Producing Countries (OPEC) currently ...
