Industry News

Schneider Electric, global specialist in energy management, software and automation unveiled a new range of cable management systems customized for new and modern buildings, during a grand Retail Partners event in Lagos. The engineering…

The Federal Government has commended the Nigerian National Petroleum Corporation (NNPC) for venturing into the development of renewable energy across the country. Minister of Science and Technology, Dr. Ogbonnaya Onu, gave this…

The price of Organisation of Petroleum Exporting Countries, OPEC basket of 14 crudes stood at $61.85 a barrel on Thursday, compared with $62.68 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of…

The world is experiencing a new energy mix with other sources of energy trying to replace fossil fuels. The demand for cleaner energy is growing by the day and African continent, particularly Nigeria as a country cannot afford to…

By Oge Obi         Besides the need for capacity building in relevant areas, government agencies commitment and willingness to strictly adhere to the principles of the nation’s Local Content policy implementation is an important…

The Nigerian Content Development and Monitoring Board (NCDMB) has begun the construction of the Nigerian Oil and Gas Park at Odukpani, Cross River State, with the goal of creating a regional low-cost manufacturing hub that would produce…

The Minister of State for Petroleum Resources, Ibe Kachikwu, has described pricing as the nation’s greater challenge adding that this is so because people are unwilling to make sacrifices. Kachikwu, who stated this at the Nigeria…

The Nigerian National Petroleum Corporation (NNPC) has called for closer collaboration among African nations not only in oil and gas but across all sectors to leapfrog the economies in the continent. Group Managing Director of the…

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, on Monday, said projections put gas in the top quartile of the most competitive and strategic investments in the global energy market.…

The Secretary General of the Organisation of Petroleum Exporting Countries, (OPEC), Mohammed Barkindo has said Oil and gas together are still expected to provide more than half of the world’s energy needs from 2016 to 2040. He made this…

The Manufacturers Association of Nigeria (MAN) on Tuesday disclosed that the amount of electricity required by its members to carry out their respective manufacturing operations daily has risen to 14,882 megawatts (MW), most of which it…

The Rural Electrification Agency has commenced the electrification of major markets across the country with solar powered systems. According to the agency, the project is part of the Federal Government’s Energising Economies Initiative,…

Crude oil production may be affected if the Nigerian Content Development and Monitoring Board (NCDMB), were to enforce full implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. The Executive Secretary,…

The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Dr. Mohammed Sanusi Barkindo, will be leading other global oil and gas industry leaders to participate in the Nigeria International Petroleum Summit…

By Margaret Nongo-Okojokwu Dreg Waters Petroleum and Logistics successfully completed its 2017 corporate social responsibility project with a high impact Christmas event for hundreds of children at Tarkwa Bay community in Lagos state,…

The Pere of Gbararmatu Kingdom, His Majesty, Oboro-Gbaraun 11, Aketekpe, Agadagba, Warri South West Local Government Area of Delta State and His Royal Majesty, Suo Vi, the Olaja-Orori of Ugborodo Clan at the weekend urged the Federal…

By Oge Obi The Transportation Minister, Hon. Rotimi Amaechi and his Finance counterpart, Mrs. Kemi Adeosun have commenced moves to access over $1 billion funds accrued under the Comprehensive Import Supervisor Scheme (CISS) and Nigeria…

China will become the world’s second-biggest importer of liquefied natural gas (LNG) this year as it overtakes South Korea, shipping data in Thomson Reuters Eikon showed. This is a huge boost to Asia’s emerging spot market as Chinese…

An indigenous oil firm, Belemaoil Producing Limited, has announced plans to provide additional 12,000 direct jobs in the oil and gas sector before the end of 2018. President and founder of Belemaoil, Mr. Jackrich Tein, explained that the…

By Margaret Nongo-Okojokwu New deep water projects in Nigeria must set new records beyond in-country integration of the Floating, Production, Storage and Offloading (FPSO) vessels, the Executive Secretary, Nigerian Content Development…