Against the backdrop of rising challenges plaguing the oil and gas sector which have almost grounded industry activities, the Executive Director of Oando PLC and Chief Operating Officer (COO) Oando energy Resources, Dr Ainoje Irune has, expressed deep concerns regarding the state of the sector, emphasising the need for prompt action.
Irune, who stressed that the sector is in an emergency state, called for an end to yearly deliberations on the same challenges, emphasizing the necessity for a more immediate and focused action to address the industry challenges.… Read the rest
Crude oil earnings by the Federal Government increased by about N449.93bn in the months of December 2023 and January 2024, an analysis of data in the latest reports on Nigeria’s oil production, on Sunday, showed.
Although the Nigerian Upstream Petroleum Regulatory Commission has yet to release oil production figures for February 2024, its latest data so far indicates that Nigeria’s oil output maintained a northward movement in the months of December 2023 and January 2024.… Read the rest