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Oil & Gas
Deep offshore oil block mini-bid round extended to July 28
In a bid to boost confidence in the transparency and continuity of the 2022/2023 Deep Offshore Oil block Mini-bid Round process, President Muhammadu Buhari has approved the amendment of the…
What to expect as petrol subsidy removal nears
As the date for the removal of the controversial petrol subsidy draws closer, Nigerians are becoming increasingly anxious about what to expect in the coming months.
The federal government…
Frequent tanker explosions rouse regulator into toughening safety rules
As fire outbreaks in petrol depots become more frequent, the regulator says it will now resume health, safety, and environment (HSE) audits for depots, making a successful audit the basis…
Oil firms bet on petrochemicals as appetite for crude wanes
While the appetite for oil investment is waning largely due to concerns about climate change, oil companies are pouring money into new billion-dollar refineries across the world, betting on…
FG unveils regulations for midstream, downstream petroleum sector
The federal government on Wednesday launched six regulations to govern the activities of the midstream and downstream sector of the Nigerian petroleum industry.
The regulations, which…