The Minister of State for Petroleum Resources, Timipre Sylva, has said that a bilateral agreement between Nigeria and Spain would attract Foreign Direct Investments (FDIs) into the oil and gas sector. Sylva, who said this when he hosted a delegation of Spanish investors led by the country’s foreign affairs minister, Jose Manuel Alvares, added that the renewed partnership would not only deepen Read More
Minister of State Petroleum Resources Chief Timipre Sylva has said that Nigeria will continue to work very hard to ensure that it meets its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota of 1.8 million bpd by the end of May 2023. According to a statement by Senior Adviser Media & Communications to the minister, Horatius Egua, Sylva Read More
The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari has said that Nigeria, requires a more gradual and flexible approach to achieve its energy transition goal. Kyari, in his address at the just conclude 40th annual international conference and exhibitions of Nigerian Association of Petroleum Explorationists (NAPE) in Lagos, said there was need for Read More
President Muhammadu Buhari has said Tuesday that his administration has attracted over $3bn investment in the oil and gas sector at a time of near-zero appetite for investment in fossil energy. The President said this in Bauchi at the flag-off ceremony of the Kolmani Integrated Development Project, a fully integrated in-situ development project comprising upstream production, oil refining, power generation Read More
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