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NCDMB dialogue: FG calls for synergy in midstream and downstream sector...

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LAGOS - The Federal Government has called for synergy among stakeholders in the midstream and downstream sector to strengthen local content and boost the...

Timipre Sylva, another APC presidential aspirant, withdraws from race •Pauline Tallen...

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ABUJA - There seems to be no end to the game of musical chairs in the ruling All Progressives Congress (APC) as another presidential...

Sylva tasks petroleum ministry staff on devotion, team work 

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MADALA, Niger State - Chief Timipre Sylva, Minister of State, Petroleum Resources, has urged staff of the ministry to redouble their efforts for more...

Nigeria must evolve innovative ways in oil, gas exploration – Sylva

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 ABUJA - For Nigeria to continue to be relevant as a major player in the global oil and gas industry, it must come up...

Sylva: Buhari’s choice for president in 2023

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BY FAROOQ KPEROGI It has turned out that it was actually Buhari himself, not the Aso Rock cabal, who wanted Goodluck Jonathan to succeed him...

Let’s Keep Hope Alive, Sylva Tells Nigerians In New Year Message

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Minister of State Petroleum Resources Chief Timipre Sylva has predicted that 2022 will be better than 2021 in the nation’s socio-political environment and therefore,...

FG scraps DPR, PPPRA, PEF, sacks CEOs, inaugurates new agencies

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The Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund are all officially scrapped and do not exist...

Sylva: Govt in process of subsidy removal

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The Federal Government, according to the Minister of State for Petroleum Resources, Chief Timipre Sylva, has started the process of full deregulation of the...

IOCs contemplating leaving Nigeria onshore for court cases – Sylva

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Owing to litigations, many International Oil Companies (IoCs) are mulling the idea of leaving their onshore operations in Nigeria. The Minister of State for Petroleum...

FG implements cooking gas imports tax, price jumps by 100%

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The Federal Government has implemented a 7.5 per cent tax on imported Liquefied Petroleum Gas, popularly called cooking gas, as the cost of the...

Buhari approves implementation framework for Petroleum Act

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President Muhammadu Buhari has approved the Implementation Framework for the newly signed Petroleum Industry Act (PIA), 2021. The President also named Minister of State for...

Nigeria lost $50bn to delayed passage of PIB -Buhari

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The President, Major General Muhammadu Buhari (retd.), has lamented a loss of $50bn worth of investments in the petroleum industry since 2011 due to...

Fuel subsidy remains for now, says Sylva

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The signing of the Petroleum Industry Bill (PIB) into law by President Muhammadu Buhari does not translate into automatic removal of the Premium Motor...

No Set Date For Removal of Fuel Subsidy – Minister of...

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Following back and forth on the removal of fuel subsidy, the Minister of State for Petroleum, Timipre Sylva has given an update. In an interview...

Petrol subsidy ends after Buhari signs PIB – Minister

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The assent of the Petroleum Industry Bill by the President, Major General Muhammadu Buhari (retd.), will put an end to petrol subsidy in Nigeria,...

Oil experts list benefits as National Assembly breaks 12-year jinx, passes...

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The Senate on Thursday passed the Petroleum Industry Bill and approved that three per cent of profit made by oil firms should be shared...

Senate passes Petroleum Industry Bill, approves 3% for host communities

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The Senate on Thursday passed the Petroleum Industry Bill and approved 3 per cent for the host communities. The upper chamber passed the PIB, 2021...

Sylva: subsidy killed refineries

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Sustenance of the petrol subsidy regime is one of the reason that killed the refineries, Minister of State Petroleum Timipre Sylva said on Sunday. He...

Buhari advocates timely completion of NLNG Train 7

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President Muhammadu Buhari on Tuesday charged that the Nigeria Liquefied Natural Gas (NLNG) Train 7 be delivered on schedule so that the Train 8...

Hydrocarbons will remain major energy source till 2040 – Buhari

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ABUJA - President Muhammadu Buhari has said that despite the rush for investments in renewable energy in the world, hydrocarbons will still remain a...