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Tag: Nigeria Oil and Gas Industry

Shell Shuts Trans Niger Pipeline

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The Trans Niger Pipeline in Gio, Tai Local Government Area of Rivers state has been shut by Shell Petroleum Development Company (SPDC) of Nigeria...

NNPC Pledges Support For Nigerian Gas Association

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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...

Oil Production in Lagos, Significant Economic Boost for Nigeria-Ambode

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…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...

Chevron Spends $3.6 Billion on Local Content

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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...
LADOL Denies Shortchanging FG, Amidst Controversy with Samsung

Govt Urged To Encourage Women In Maritime, Oil And Gas Businesses

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Managing Director, Lagos Deep Offshore Logistics base (LADOL), Dr. Amy Jadesimi has called on government at all levels to evolve policies that would encourage...

Nigeria Loses $5.9 billion to Oil Theft

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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...

Government Needs a Multi-Dimensional Approach To Curb Pipeline Vandalism -Emeka Okwuosa

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Recent attacks on oil and gas pipelines have cost Nigeria almost half of its daily crude oil production, in addition to denying power generating...

Review the Gas Master Plan, Frontier Oil boss tells FG

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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...

Nigeria’s Oil Output Rises To 1.9 Million Bpd Due To Repairs...

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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...

‘Nigeria’s Gas Sector Worth $55bn Of Investment Opportunities’- NGA

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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...

Shell Lifts Force Majeure On Bonny Light Exports

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The Royal Dutch Shell, Nigeria division, has lifted a force majeure on exports of Bonny Light crude oil, the latest sign that oil production...
Modular Refinery

Hong Kong Firm To Build 200,000 Barrels Refinery In Nigeria

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A Hong Kong based firm,  Blooming Faith Petroleum Ltd, is partnering the Federal Government to build  and operate a 200,000 barrels per day (...

Flared Gas In Nigeria Drops To 750mscf/D

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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...

Baru is New NNPC Boss

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...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...

NCDMB, NNPC, NIMASA agree to grow Nigerian Content in crude oil...

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Contracts for lifting Nigerian crude oil will begin to yield tangible benefits for the Nigerian economy going by the renewed commitment by the Nigerian...

Seplat Pays Close to $700MM to the Nigerian Government

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Seplat has reported it paid a total of six hundred and eighty six million, five hundred and forty thousand and eight hundred and ten...

Seplat Claws Back $150M “Cash Call” From NPDC

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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...

Niger Delta Militancy: Apply ‘carrots and sticks’ approach, says OPEC scribe

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The incoming Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, has advised the Federal Government to adopt the strategy of...

Direct sales now guarantees premium value on product transactions – NNPC

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Nigeria now earns maximum value from the petroleum products it put through a new framework – the Direct Sales-Direct Purchase (DSDP) used by it...

New militant group threatens to blow up Utorogu gas plant

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A secessionist group, Utorogun Liberation Movement, ULM, surfaced, Thursday, in Delta State, vowing to destroy the Utorogu Gas Plant, Ughelli, which supplies gas to...