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Sylva Commends LNG, Daris Tele on Decade of Oil and Gas Documentary


The Minister of State for Petroleum Resources, Chief Timipre Sylva, has applauded the management of Daris Tele Limited under the leadership of Tokunbo Olateru-Olagbegi for the commitment and efforts put into making the documentary on Nigeria’s decades of oil and gas production.
The minister who spoke at the launch of the documentary: ‘The Nigerian Gas Journey… Past, Present and Future’, recalled that the National Gas Policy approved by the federal government in 2017 foresees Nigeria as an attractive gas-based industrial nation, centred on satisfying local gas demand requirements, and developing a significant presence in international markets.
He disclosed that the documentary by Daris Tele, which was put together through the assistance and support of the Nigerian LNG captured the story from all angles of the industry insisting that it was a wise decision “in getting this documentary and brochure produced on behalf of the Ministry of Petroleum Resources in line wi ....

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Despite Covid-19 challenges, Nigeria's petroleum industry made progress in 2020


Despite Covid-19 challenges, Nigeria’s petroleum industry made progress in 2020
The Covid-19 pandemic and other economic challenges did not distract the petroleum resources ministry from its reform agenda
12 min read
When President Muhammadu Buhari appointed Timipre Sylva, a former governor of Bayelsa State, as Minister of State for Petroleum Resources in late 2019, the country’s petroleum industry was in a deplorable state.
Daily oil production had fallen from 2.3 million barrels projected in the year’s budget to about 1.81 million barrels and high production cost was a serious headache. Also, a global economic downturn was making investment decisions on new projects difficult. ....

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