Oil and Gas

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…

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 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…

An indigenous oil company operating in Rivers State, BelemaOil Producing Limited, has awarded scholarships worth more than N100 million to 374 indigent students of its host communities. The scholarship, which was in three categories-…

Kabelmetal Nigeria Plc has been admired for its cable making expertise for 40 Years now. It has established itself as the leader and pioneer in the Nigerian cable market because of her drive for excellence in quality of products and passion…

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 Oge Obi The different strategies and efforts so far adopted by the Nigerian National Petroleum Corporation (NNPC) to tackle fuel supply situation and the attendant scarcity that marred the last year's Christmas and New Year…