International Petroleum (IP) Week 26 – 28 February 2019
26 – 28 February 2019
Intercontinental Park Lane, London
ipweek.co.uk
As one of the biggest events in the oil and gas calendar, International Petroleum (IP) Week brings together over 1,500 industry professionals from over 50…
FG earns N16.6trn From Oil Industry In Four Years
A Central Bank of Nigeria’s (CBN) report has said that the Federal Government earned about N16.647 trillion from the petroleum industry, including crude oil and gas sales, royalties, petroleum profit tax, (PPT), and other sources from May…
Increased Production Sees Ghana Raise Its Hydrocarbon Profile
When you think of the top oil and gas nations in Africa, Ghana is not one that traditionally comes to mind, but it is one of the rising stars. In the past, Ghana has been one of the smaller oil and gas producers on the continent but that…
9th Practical Nigerian Content Forum holds in Bayelsa
The 9th edition of the Practical Nigerian Content (PNC) Forum, organised by CWC Africa in partnership with the Nigerian Content Development and Monitoring Board will take place from 2 – 5 December 2019 in Yenagoa, Bayelsa State.
…
Nigerian Senate Passes Amended Production Sharing Contract Bill
The Nigerian Senate yesterday (Tuesday) passed the Deep Offshore and Inland Basin Production Sharing Contract Act 2004 (amendment) Bill 2019.
The bill was passed by the upper chamber after consideration of the report of the Joint…
Seplat To Take Over Eland With A £383m Offer
Seplat Petroleum Development has agreed to buy Eland Oil & Gas.
The latter is a Nigeria focused upstream oil and natural gas exploration and production company listed on the AIM in London with operational offices in Abuja, Nigeria…
Budget: $57pb Benchmark Will Contain 2020 Oil Market Shocks – Minister
Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has explained that the 2020 national budget estimate was based on $57 per barrel in order to contain the price shocks from expected oil glut of 2020.
The…
Amendment of Production Sharing Contract Law, Precursor to PIB – Senate President
Nigerian National Assembly has expressed the zeal to pass the Production Sharing Contract bill into law even as a precursor to the determination of the Petroleum Industry Bill (PIB).
Chairman of the National Assembly, Senator Ahmad…
Mozambique Shoots Into Global LNG Market With New FID
Mozambique shot into the global oil and gas limelight with the announcement of its second Final Investment Decision (FID) on the $20billion Mozambique LNG project, in just two years.
The development has officially positioned the country…
Ongoing Audit Of Oil firms’ Remittances To NCDF Ends In November – NCMB
The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said that the ongoing forensic audit of statutory remittances by oil and gas companies into the Nigerian Content Development Fund…
NERC Serves License-revocation Order On 8 Discos
The operational licences of eight out of the 11 Electricity Distribution Companies (DisCos) in Nigeria would be on the line if they fail within two months to correct the ‘breaches of the terms and conditions of their power…
Nigeria Confirms Oil Discovery In Gongola Basin
Nigeria confirms oil discovery in Gongola Basin
The prolonged search for oil in the North-Eastern part of Nigeria has paid off with the announcement last weekend by the Nigerian National Petroleum Corporation (NNPC) of the discovery of…
Fire Outbreak On OML20, Egbema Cause By Vandals – NPDC
It has been confirmed that the fire outbreak which occurred last Monday at Oil Mining Lease (OML) 20 in Egbema-West, Imo State, was caused by a spark which ignited the fire during a bunkering activity by vandals.
OML 20 is a small…
SA’s Minister Of Energy Seeks End To Fuel Importation In Africa
…says oil & gas discoveries should translate to energy efficiency in Africa
The Minister of Mineral Resources & Energy, South Africa, of H.E. Gwede Mantashe has called for collaborative action among African oil-producing…
Nigeria Rallies African Oil Producers Towards Maximizing Hydrocarbon Deposits’ Benefits
…South Sudan Assures OPEC of Compliance with DoC Agreement
Nigeria is mobilizing African oil-producing countries in a new move geared towards ensuring that the continent benefits maximally from hydrocarbon deposits locked…
South Sudan Lauds Nigeria’s Leading Role in APPO
President of South Sudan, Sylva Kiir Mayardit, has commended Nigeria on the continued leadership towards galvanizing African oil producers to stabilize the global oil market for the benefit of the continent.
President Kiir gave the…
Shell, Others Discuss ‘Rethinking The Future Of Extractives’ At The 25th Nigeria…
L-R: General Manager, Business and Government Relations of Shell Nigeria, Bashir Bello; Group Managing Director, Nigeria National Petroleum Corporation, Mele Kolo Kyari; Managing Director, Shell Nigeria Gas, Ed Ubong; and…
Energy Institute Nigeria Hosts Annual Energy Sustainability Conference
Energy Institute Nigeria, in partnership with the UK Department for International Trade (UK DIT) will hold the 2019 edition of its annual Energy Sustainability Conference from16th to 17th October 2019 at the Lagos Oriental Hotel.…
Chevron Partners Plug And Play On Houston’s Entrepreneurship Ecosystem
Chevron has taken another step forward in supporting Houston’s entrepreneurship ecosystem as it partners Plug and Play to fuel innovation, solve industry challenges of the Energy industry as well as to enable the ongoing energy transition.…
NNPC Deepens Drive For Transparency
… As Sylva Inaugurates ‘Operation White’ to Guarantee Energy Security
The Federal Government has inaugurated a team of 89 persons drawn from five key agencies to ensure transparency and accountability in the distribution of…
PIB Will Accelerate FID In Nigeria – Kyari
The Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that Nigeria must have the petroleum industry legislation in place to be able to accelerate foreign direct investment (FID) drive.
…