Oil and Gas

Goldman Sachs has forecasted that inflation in the United Kingdom could soar to the highest level since 1975 if global gas prices do not fall from their historic highs. The Wall Street investment bank warned yesterday that the cost of…

Reports say that the European Union is closer to potentially intervening on the bloc’s electricity market as energy prices soar ahead of what would be a difficult winter for EU consumers and businesses.European Commission (EC) is working…

Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) has signed $934 million contract across eight gas exploration and research agreements, following a push to attract new entrants to develop its mushrooming gas market. Pumps…

HE Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) participated in the G20 Energy Ministerial Meeting and reaffirmed its commitment to greater international cooperation in ensuring the resilience of energy…

The Paris-based International Energy Agency (IEA) has slashed its 2020 outlook by 200,000 barrels per day (bpd) to 91.7 million bpd in its second downgrade in many months. The agency trimmed its 2020 oil demand forecast citing caution…

As Nigeria’s success story on local content law implementation echoes around the globe, many African oil-producing countries have found the initiative a worthy model to follow. This has seen the Nigerian Content Development and Monitoring…

Surge of up to US$10bn in M&A Values in the Oil and Gas Equipment and Services Industry in Q3 2018, says GlobalData Surge of up to US$10bn in M&A Values in the Oil and Gas Equipment and Services Industry in Q3 2018, says GlobalData…

The absence of fiscal policy will continue to retard investments flow in Nigeria’s oil and gas industry, such that attainment of 40 billion crude oil reserve will not be realised, the Nigerian Association of Petroleum Explorationists, NAPE,…

Kenechukwu Obiajuru, Yenagoa The indigenous vendors in Bonny Island, under the aegis of Association of Niger Delta Vendors in Oil and Gas have expressed their readiness to participate in an upcoming business workshop for young…

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote was conferred with a global award of excellence for outstanding contributions to sustainable local content development in Nigeria and…

Peace Obi The Minister of State, Petroleum Resources, Dr. Ibe Kachikwu has said that Nigeria's success in driving her local content policy has paved the way for the deployment of local capacities, greater participation of indigenous…

African Petroleum issued an update on its Sierra Leone SL-03-17 and SL-4A17 blocks. Through the company’s wholly owned subsidiaries – European Hydrocarbon Ltd and African Petroleum Sierra Leone Ltd – it has entered into the Second Extension…

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu recently in Abuja inaugurated the Nigerian Content Research and Development Council (NCRDC). The Council is expected to advise the Nigerian Content Development and…

Oge Obi The Major Oil Marketers Association of Nigeria has said that there is need for a regular review of the pricing template for Premium Motor Spirit (PMS) to ensure that the price of the commodity reflects the reality on the ground.…

Oil prices gave back early gains and turned lower on Friday after the International Energy Agency (IEA) deemed supply adequate and the outlook for demand weakening, sinking even as equities rebounded from a slump Thursday. The West’s…

Oge Obi The Local Content initiative of the Nigerian government in the oil and gas industry again, received a boost as an indigenous refinery by Waltersmith Refining and Petrochemical Company Limited gets ready to contribute about 271…

Oge Obi, INTELS Nigeria Limited, a leading port operator/oil and gas logistics service company has built and handed over a modern, fully equipped Health Centre to the Aruakpor-Umah Community, in Uvwie Local Government Area, Delta State.…

The global energy industry has been experiencing a radical transformation in recent years CAPE TOWN, South Africa, September 7, 2018/APO Group/ -- Speaking on Africa’s hydrocarbon development, Niall Kramer, CEO, South African Oil…

Africa Oil Week welcomes the continent’s biggest investors to attend event London, UK (06 September 2018) –  Africa Oil Week (AOW) has announced their partnership with SuperReturn. This new partnership offers delegates attending…

By Oge Obi, For effective shipping logistics in the country, the Director General of Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has called for the synergy between the Local Content Act 2010 and the Coastal…