Ibe Kachikwu

Oil reserve crisis looms over delay of blocks
Ibe Kachikwu National News Nigeria NNPC Oil reserve

Oil reserve crisis looms over delay of blocks

The Minister of State for Pretroleum Resources Emmanuel Ibe Kachikwu PHOTO: TWITTER/NNPC • How non-passage of petroleum bill stalls sector’s outlook The delay in the award of new oil blocks and uncertainties over existing marginal oilfields are upsetting industry players, amid a warning that the country’s economic development could be […]

PIGB rejection as fatal blow to oil sector reforms
Columnists Ibe Kachikwu Opinion Petroleum Industry Fiscal Bill Petroleum Industry Governance Bill PIGB President Muhammadu Buhari

PIGB rejection as fatal blow to oil sector reforms

The Minister of State for Pretroleum Resources Emmanuel Ibe Kachikwu The news, early this week, that President Muhammadu Buhari has refused to assent to the Petroleum Industry Governance Bill (PIGB) and has returned it to the Senate, struck me like a thunderbolt, not because it shattered my professional forecast that […]

Buhari withholds assent to 17-year-old oil bill
Ibe Kachikwu Muhammadu Buhari‎ National News Nigeria NPDC OPEC PIGB

Buhari withholds assent to 17-year-old oil bill

• Says PIGB shrinks presidential powers over oil sector • Experts differ on legislation, OPEC membership President Muhammadu Buhari has withheld assent to the Petroleum Industrial Governance Bill (PIGB). The decision is coming after 17 years of rigorous consultations and legislative hassles on the document. Sources told The Guardian yesterday […]

No headquarters’ relocation order to oil firms, says presidency
Ibe Kachikwu National News Nigeria Yemi Osinbajo

No headquarters’ relocation order to oil firms, says presidency

The Minister of State for Pretroleum Resources Emmanuel Ibe Kachikwu PHOTO: TWITTER/NNPC The Federal Government has not ordered international oil companies (IOCs) to relocate their head offices to Niger Delta, according to a source in the presidency.The clarification follows reports in the media that the government may have resolved to […]

15 years on, FG seeks revival of brass, Olokola gas projects
Ibe Kachikwu National News Nigeria Olokola gas projects

15 years on, FG seeks revival of brass, Olokola gas projects

The Minister of State for Pretroleum Resources Emmanuel Ibe Kachikwu PHOTO: TWITTER/NNPC • NLNG Pledges To Raise N3b Yearly For Community Development About 15 years after the conception of Brass and Olokola Liquefied Natural Gas projects, the Federal Government, at the weekend, said revival of the projects were being considered […]

APC conciliatory mode versus Oshiomhole’s combative pose
Adams Oshiomhole Chris Ngige Ibe Kachikwu Maikanti Baru NLC Politics RAPC

APC conciliatory mode versus Oshiomhole’s combative pose

He was invited to make peace within the party and spare his pugilism for the rival Peoples Democratic Party (PDP). But barely two months after his enthronement as the national chairman of All Progressives Congress (APC) Comrade Adams Oshiomhole has failed to restrain himself, throwing punches to the left and […]

Stakeholders query Katsina Refinery
Ibe Kachikwu Katsina refinery Mahamadou Issoufou Muhammadu Buhari‎ National News Nigeria PANDEF

Stakeholders query Katsina Refinery

Minister of State for Petroleum, Ibe Kachikwu (right); President Muhammadu Buhari; his Nigerien counterpart, Mahamadou Issoufou; and the country’s Minister of Energy, Foumakoye Dado; during the signing of a memorandum of understanding (MOU) for hydrocarbon pipeline and refinery projects between Nigeria and Niger at the State House, Abuja… recently. PHOTO: […]

Katsina 150,000 barrel refinery to be completed in 3 years – Minister
Ibe Kachikwu Katsina state National News Nigeria NNPC

Katsina 150,000 barrel refinery to be completed in 3 years – Minister

The Minister of State for Pretroleum Resources Emmanuel Ibe Kachikwu PHOTO: TWITTER/NNPC The Minister of State for Petroleum Resources, Dr Ibe Kachikwu says the approved private sector driven Refinery in Mashi, Katsina State will be completed in 2021. Kachikwu, who made this known to State House correspondents in Abuja on […]

Senate begins probe of lease renewal in oil, gas sector
Department of Petroleum Resources Ibe Kachikwu National News Nigeria

Senate begins probe of lease renewal in oil, gas sector

SENATE CHAMBER DURING THE INAUGURATION OF THE 8TH NATIONAL ASSEMBLY IN ABUJA ON TUESDAY (9/6/15).<br />3023/9/6/2015/CH/BJO/NAN • Says Nigeria may lose $10 billion • Okays N348 billion outstanding subsidy claims for marketers The Senate yesterday resolved to probe all issues connected with the ongoing lease renewal in oil and gas […]

Senate surmon petroleum minister over “irregularities” in agencies
Dennis Erezi Ibe Kachikwu National News Nigeria Senate Senator Gbolahan Dada Senator Ike Ekweremadu Senator Rafiu Ibrahim

Senate surmon petroleum minister over “irregularities” in agencies

The Nigerian Senate Wednesday summoned the Minister of State Petroleum Resources, Ibe Kachikwu over irregularities in the management of oil and gas agencies. The lawmakers in their debate on matters regarding management of oil and gas agencies and undue leasing procedures called for transparency in the affairs of the agencies. […]

Delay in FDPs approval and Nigeria’s quest for 40 billion reserves target
DPR Energy Ibe Kachikwu NAPIMS NGFCP Roland Ewubare

Delay in FDPs approval and Nigeria’s quest for 40 billion reserves target

PHOTO: nta.ng The Federal Government’s desire to grow Nigeria’s strategic oil reserves to about 40 billion barrels and daily crude oil production to four million barrels per day may suffer setback due to delay in the approval of Field Development Plan (FDPs) in the oil and gas sector. Getting regulatory […]

Dangote deep-sea pipeline to boost Nigeria’s power generation by 12,000mw
Babajide Soyode Business Business News Dangote deep-sea pipeline Ibe Kachikwu Nana Akufo-Addo

Dangote deep-sea pipeline to boost Nigeria’s power generation by 12,000mw

PHOTO: 1push The Dangote Group’s sub-sea pipeline infrastructure is expected to augment the natural domestic gas supply and add an estimated 12,000 Mega Watts (MW) to Nigeria’s power generation capacity.  Dangote also has plans to construct a 570 MW power plant within refinery complex. The 12,000mw, which is being expected […]

Niger Delta $10b infrastructure fund: no trace of such fund anywhere, say stakeholders
Ibe Kachikwu Idang Alibi National News Nigeria

Niger Delta $10b infrastructure fund: no trace of such fund anywhere, say stakeholders

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu PHOTO: Ladidi Lucy Elukpo • Buhari’s Govt Not Spending Money In Niger Delta —Clark • $10b Investment Initiative, A Deceitful Scheme Like Others — Okoko • Ministry Keeps Mum Over Fund Close to two years after the Federal Government launched […]