Sunday, May 5, 2024

Monthly Archives: June, 2016

Ugandan officials visit NCDMB, seek to model local content policies after Nigeria

…Nigerian Content level hits 35% A delegation from Uganda has visited the Nigerian Content Development and Monitoring Board (NCDMB) in a quest to model the...

Nigerian oil firm battles IOC over alleged breach of local content law

An indigenous Nigerian energy firm, Ofserv Nigeria Limited, has sued Weatherford International and its Nigerian affiliate, Weatherford Nigeria Limited, for alleged breach of trust...

Foreign Refineries To Stop Buying Nigeria’s Crude Oil As Militants Rebuff Dialogue

Niger Delta Avengers, NDA, yesterday, scuttled the hope of early resolution of the current spate of bombings in the Niger Delta, as it did...

Oil Prices Jump Due To Drop In Oil Supplies From US, Nigeria

Oil prices extended their gains to multi-month highs Thursday following another drop in US supplies and the prospect of further disruptions to output from...

US Expresses Concern over Growing Violence In Niger Delta

The United States government through its mission house in Nigeria, on Tuesday, expressed worry over the increasing spate of violence and the use of...

Nigeria ranks top five among gas flaring countries in 2015

Nigeria has ranked fifth amongst countries in the world to have flared (burnt off) the highest volume of gas per day, an improvement against...

Oando secures N94.6 billion facility as part of its strategic restructuring plans

Oando, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced the conclusion of a N94.6 billion facility...

Cairn Follows up on Senegalese Discoveries

Cairn Energy is looking forward to a three well drilling campaign offshore Senegal from the fourth quarter of 2015. The London listed explorer has...

Belemaoil to launch 650MW power barge, as Chevron hands over OML 55

WorldStage Newsonline-- Chevron Nigeria Limited has completed the handover of oil mining lease (OML) 55 to Belemaoil Producing Limited. According to a statement which Belamaoil,...

DPR staff presents new book on oil and gas law & policy

An oil and gas law and policy book authored by Dr. Joseph Adebola Tolorunse, the Legal Adviser of the Department of Petroleum Resources was...

Shell takes FID to build new petrochemicals complex in Pennsylvania, US

Shell Chemical Appalachia LLC (Shell) has taken the final investment decision to build a major petrochemical complex, comprising an ethylene cracker with polyethylene derivatives...

Global oil giants seek inroads into India’s retail fuel market: Dharmendra Pradhan

New Delhi: Global oil firms, including Saudi Aramco and Total plan to tap the retail fuel market in India, its oil minister said on...

Q1 2016: Nigeria’s oil trade down ₦716.7bn – NBS

Nigeria’s crude oil trade declined by â‚¦716.7 billion or 46.6% in the first quarter of this year against the level recorded in fourth quarter, 2015,...

Equatorial Guinea Places 37 Licences on the Auction Block

Equatorial Guinea’s Ministry of Mines, Industry and Energy (MMIE) (www.MMIE.gob.gq) launched the country’s latest oil and gas blocks licensing round, EG Ronda 2016 (www.EGronda2016.com),...

Angola LNG returns to global market with first post-shutdown cargo

Angola’s recently refurbished liquefied natural gas (LNG) export plant has launched a tender to sell its first cargo since it was unexpectedly shut down...

NIMASA DG calls for preservation of marine environment

The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has called on Nigerians especially those living in the coastal...

Heavily loaded tanker thwarts pirate attack off Nigeria

A short period of calm seas in the Gulf of Guinea was interrupted as a group of pirates attempted to board a heavily loaded tanker while it was...

Maritime is soul of Nigeria’s economy – Peterside

HOUSTON, TEXAS – Dr. Dakuku Peterside, Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), has said that the maritime sector in Nigeria...

LADOL Bags Double Awards at OTC 2016

By Margaret Nongo-Okojokwu In recognition of commitment to local content through the investment of $500 million into building the only 100 percent Nigerian private industrial...

US: Stone Energy Announces 1-For-10 Reverse Stock Split

Stone Energy has announced that the Board of Directors of Stone has approved a 1-for-10 reverse split of its issued and outstanding shares of...

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