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Peter Obi promises to move Nigeria beyond oil, end petrol subsidy and scarcity

Peter Obi promises to move Nigeria beyond oil, end petrol subsidy and scarcity

Posted by | Feb 22, 2023 | , , |

Peter Obi promises to move Nigeria beyond oil, end petrol subsidy and scarcity Peter Obi, the most popular and likely winner of the 25th February presidential election, says the country must look for ways to run beyond oil. Obi, the most experienced, transparent and competent amongst the contending candidates disclosed to Petroleum Newspapers that Nigeria must stop fuel subsidy and end scarcity as soon as Labour Party assumes office in May, 2023. “From where I stand, I dare to proclaim that Nigeria’s democracy must survive. The new alliance that we seek is between Nigerian youths, the Labour Party, which...

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Shell Pledges Support as Federal Govt’s moves to Preserve Oloibiri Heritage.

Shell Pledges Support as Federal Govt’s moves to Preserve Oloibiri Heritage.

Posted by | Feb 22, 2023 | , , |

Shell Pledges Support as Federal Govt’s moves to Preserve Oloibiri Heritage. Oloibiri is where Shell first struck oil in commercial quantity in 1958. The Shell Petroleum Development Company of Nigeria Limited (SPDC) has restated its commitment to support the federal government’s efforts to preserve the heritage of Oloibiri in Bayelsa State.Oloibiri is where SPDC first struck oil in commercial quantity in 1958.   Managing Director, SPDC, Osajie Okunbor, made the pledge at the historic site of Oloibiri Oil Well No.1 during the groundbreaking ceremony for Oloibiri Museum and Research Centre (OMRC) in Ogbia Local Government Area of Bayelsa. The Oloibiri oil...

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Those Managing Nigeria’s Oil Must Account for Crude Oil Theft, VP Osinbaja

Those Managing Nigeria’s Oil Must Account for Crude Oil Theft, VP Osinbaja

Posted by | Feb 22, 2023 | , |

  Those Managing Nigeria’s Oil Must Account for Crude Oil Theft Says addressing crude oil theft, sabotage major concern of govt Deji Elumoye in Abuja Vice President Yemi Osinbajo has declared that tackling crude oil theft and sabotage remains a major concern of the Federal Government saying  those in charge must be accountable because, besides economic consequences, institutional and personal reputations are at stake. Speaking Tuesday in Abuja as a Special Guest at a Stakeholders Conference on Oil Theft and Losses in Nigeria, Osinbajo stressed that so grievous a crime cannot simply be a subject of summitry; “people must do...

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Salami – to Boost Revenue, Govt Should Explore IJVs in Upstream Oil Subsector

Salami – to Boost Revenue, Govt Should Explore IJVs in Upstream Oil Subsector

Posted by | Jan 31, 2023 | |

Salami – to Boost Revenue, Govt Should Explore IJVs in Upstream Oil Subsector 31 JANUARY 2023 This Day (Lagos) By Peter Uzoho Partner and Head, Energy and Natural Resources, KPMG Professional Services, Mr. Ayo Salami, harps on the need for the federal government to explore the option of Incorporated Joint Ventures model provided for in the Petroleum Industry Act to shore up revenue from the oil sector. He spoke with Peter Uzoho What is your take on the need for the federal government to explore Incorporated Joint Ventures (IJVs) model in upstream oil sector to shore up revenue, especially given...

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Uganda’s Oil Drilling a Major Environmental Blow

Uganda’s Oil Drilling a Major Environmental Blow

Posted by | Jan 31, 2023 | |

Uganda’s Oil Drilling a Major Environmental Blow petroleumnewsngr.com Uganda has launched its first oil drilling programme after it discovered crude reserves estimated at 6.5 billion barrels, with 1.4 billion recoverable nearly two decades ago in the western region in the Lake Albertine basin, Kingfisher and Tilenga oilfields. But experts warn that fossil fuels must stay in the ground in order to prevent the worst effects of the climate emergency and putting at risk the goal of curbing global warming to a 1.5 degrees increase from pre-industrial levels. Africa is rich in clean energy sources, such as sun and wind, but despite this abundant sunshine, ideal...

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