President Muhammadu Buhari has revealed how his administration attracted over $3bn investment in the Oil and Gas Sector at a time of near-zero appetite for investment in fossil energy due to the United Nations Net Zero Carbon Emission goal.
TotalEnergies Marketing Nigeria Plc (TEMNPLC), a leading energy company, has recorded a profit after tax of N16.8 billion for the year ended Dec. 31, 2021.
“The Federal Government recently announced that only N443 billion was provided in the 2022 budget for subsidy from January to June and NNPC requested N3 trillion to continue funding #FuelSubsidy in 2022,” Emmanuella Anokam writes in NAN News Analysis.
Come clean on 2020 marginal field awardees, Policy Alert tasks Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Policy experts in the extractive sector have called on the federal government to ensure that the sector’s successor regulatory agencies hit the ground running with implementation of provisions related to contract transparency and beneficial ownership.
Civil Society Organizations committed to environmental justice in Nigeria have declared that the Petroleum Industry Act recently assented to by President Buhari neglects community concerns and strengthens oil companies operating in the heavily petroleum polluted Niger Delta region.
Mr Bank-Anthony Okoroafor, former Chairman, Petroleum Technology Association of Nigeria (PETAN) has urged the Federal Government to send the new Petroleum Industry Bill (PIB) to the National Assembly.
Nigeria under the watch of President Buhari’s APC administration appears to be facing a suppressed financial crisis.
The Nigeria Extractive Industries Transparency Initiatives (NEITI), says Nigeria earned 21 billion dollars from the oil and gas sector in 2017.
Stakeholders in oil and gas rich Esit Eket local government area of Akwa Ibom State have cried out that their living conditions do not reflect the enormous resources being extracted from the area buy oil and gas companies and the huge revenues the companies pay annually to government.
