Petroleum Technology Association of Nigeria (PETAN) Announces Details of Inaugural West African International Petroleum Exhibition and Conference (WAIPEC) to Launch in February 2017.
During the three-day event, delegates will have the…
The Trans Niger Pipeline in Gio, Tai Local Government Area of Rivers state has been shut by Shell Petroleum Development Company (SPDC) of Nigeria Limited.
In a statement issued in Port Harcourt on Tuesday, Mr. Joe Obari, SPDC spokesman,…
GMD, NNPC, Dr. Maikanti Baru
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru on Thursday pledged the support of the NNPC to help the Nigerian Gas Association achieve its objectives of ensuring…
…As RMAFC Committee Okays Four Aje Oil Wells For Lagos
…To Commence Disbursement of 13% Derivation Fund To State
By Margaret Nongo-Okojokwu
Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday said that the commencement of crude oil…
Chevron Nigeria spent $3.6 billion on Nigeria content in 2015 as part of its commitment to local capacity building in boosting local economies and creating job opportunities.
The company said in its 2015 Corporate Responsibility Report that…
Managing Director, Lagos Deep Offshore Logistics base (LADOL), Dr. Amy Jadesimi has called on government at all levels to evolve policies that would encourage more participation of women in the nations vast maritime and the oil and gas…
Waziri Adio, the Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), has revealed that Nigeria has lost over USD5.9billion in 2013 to oil theft.
According to him, USD4.7billion was lost to oil theft and…
Recent attacks on oil and gas pipelines have cost Nigeria almost half of its daily crude oil production, in addition to denying power generating plants the needed gas supply, thereby depressing the nation’s electricity output to a new low…
By Margaret Nongo-Okojokwu
Chief Executive officer of Frontier Oil Limited, Mr. Dada Thomas has called for a review of Nigeria’s Gas Master Plan so as to eliminate the challenges hindering its implementation.
Addressing newsmen in Lagos,…
Oil production in Nigeria has risen to about 1.9 million barrels per day (bpd), from 1.6 million bpd, due to repairs and more than a week having passed since a major pipeline attack in the Niger Delta, a state oil company spokesman said on…
The President of Nigeria Gas Association (NGA), Mr. Bolaji Osunsanya has stated that the Nigeria’s gas sector has over $55 billion worth of investment opportunities, thus indicating great potentials for extremely growth in the economy and…
The Royal Dutch Shell, Nigeria division, has lifted a force majeure on exports of Bonny Light crude oil, the latest sign that oil production is recovering after being hit by militant attacks in its oil rich Delta region.
The force majeure…
A Hong Kong based firm, Blooming Faith Petroleum Ltd, is partnering the Federal Government to build and operate a 200,000 barrels per day ( bpd) capacity in Nigeria.
The company, a subsidiary of Blooming Faith Global Holdings, plans to…
With the increasing utilisation of associated gas, flared gas has dropped from over one billion standard cubic feet per day (bscf/d) to 750 million standard cubic feet per day (mmscf/d) as at the end of last year.
The Managing Director of…
...Kachikwu Heads Corporation’s 9-Man Board
Dr Maikanti Kacalla Baru
Dr Maikanti Kacalla Baru has emerged as the new Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC).
The appointment brings to an end…
Contracts for lifting Nigerian crude oil will begin to yield tangible benefits for the Nigerian economy going by the renewed commitment by the Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum…
Seplat has reported it paid a total of six hundred and eighty six million, five hundred and forty thousand and eight hundred and ten American dollars ($686,540,810) to the Nigerian government in 2015.
The company said it paid $573,690,618…
Seplat has, in the space of nine months, received about 150Million, amounting to a third of the money owed it by NPDC, its government-owned Joint Venture partner.
Receipts from NPDC, at the end of the first quarter 2016, have reduced the…
The incoming Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, has advised the Federal Government to adopt the strategy of ‘carrots and sticks’ in handling Niger Delta militants.
Barkindo,…
Nigeria now earns maximum value from the petroleum products it put through a new framework – the Direct Sales-Direct Purchase (DSDP) used by it to ensure steady flow of refined products into the country, the Nigerian National Petroleum…
