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PIA: They’ll be no job losses Sylva tells DPR, PPPRA, PEF workers

PIA: They’ll be no job losses Sylva tells DPR, PPPRA, PEF workers

Minister of State Petroleum Resources, Chief Timipre Sylva, has assured workers at Department of Petroleum Resources (DPR), the Petroleum Equalization Fund (PEF) and the Petroleum Products Pricing Regulatory Agency (PPPRA) their jobs were secured, despite…

Sylva: $50m research, devt fund to boost oil, gas production

Sylva: $50m research, devt fund to boost oil, gas production

The Minister of State for Petroleum Resources, Timipre Sylva, has said THAT the $50 million research and development fund set aside in the Nigerian Content and Development Board (NCDB), was to establish a research centre…

Sylva heads PIA implementation committee

Sylva heads PIA implementation committee

President Muhammadu Buhari has approved a steering committee for the implementation of the new Petroleum Industry Act (PIA) in the country. According to a release by his spokesman, Femi Adesina, the panel to be chaired…

Oil prices hit 2-year high, retreat

Oil prices hit 2-year high, retreat

Oil prices slipped yesterday having earlier touched $72.83, their highest since May 20, 2019. The price dip came after U.S. inventory data showed a surge in gasoline inventories due to weak fuel demand. This was…

$1.5bn P/H refinery repair: Forum lauds Buhari, Sylva

$1.5bn P/H refinery repair: Forum lauds Buhari, Sylva

  Johnchuks Onuanyim, Abuja South-South Emerging Leaders Forum (SELF) has expressed happiness over the approval of $1.5 billion by the Federal Executive Council (FEC) for the rehabilitation of the Port Harcourt refinery. The Forum commended…

Sylva commends Nigeria Police

Sylva commends Nigeria Police

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has commended the Nigeria Police in their effort at securing and making Nigeria safer for everyone and worthy partner in progress. To this end, he…

DPR disqualifies over 400 firms in oil blocs bid round

DPR disqualifies over 400 firms in oil blocs bid round

161 companies now in race for 57 marginal fields The Department of Petroleum Resources (DPR) has disqualified 439 firms as bid round for marginal oil fields entered the final stage. Over 600 companies applied for…

Sylva: Diversification with gas’ll lift Nigeria’s economy

Sylva: Diversification with gas’ll lift Nigeria’s economy

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said the country can diversify its economy and reap bountifully with gas by effectively utilising it to impact the economy. The minister, who spoke…

Alternative to PMS abandoned by FG

Alternative to PMS abandoned by FG

As an opposition political party, the All Progressive Congress (APC) had claimed that fuel subsidy was a fraud perpetrated by the Peoples Democratic Party-led administration.   Its presidential candidate, General Muhammadu Buhari (rtd) had promised…

Sylva: FG cuts 30% off major oil contracts’ cost

Sylva: FG cuts 30% off major oil contracts’ cost

Four refineries grounded, production hits zero – Kyari NNPC: How we stopped $125m payment to syndicate The Federal Government, yesterday, officially confirmed that there is a threat to Nigeria’s oil prosperity, maintaining that it has…