Accenture acquires Schlumberger’s arm to expand capabilities oil sector
Accenture has entered into an agreement to acquire Schlumberger Business Consulting (SBC), the management consulting unit of Schlumberger, to buoy its oil and gas service capabilities.
Frontier Oil makes case for local gas companies
CHIEF Executive Officer of Frontier Oil Limited, Dada Thomas, has called on the Federal Government to engage indigenous companies on ways of boosting gas production in the country.
Oilflow boss tasks govt on financial audit
THE Federal Government has been urged to give close monitoring to the oil and gas industry, especially in the financial transactions which have elicited issues of transparency and accountability in recent past.
Lagos lists benefits of energy conservation
THE Lagos State government has emphasised the need for consumers to adopt the practice of energy conservation to promote efficiency.
Oil firms groan as price volatility hits balance sheets
FALLING oil prices may have given rise to uncertainties in the oil and gas corporate world, as corporate balance sheets are being continually assailed.
Frontier Oil supplies gas to Alaoji, Calabar power plants
FRONTIER Oil Limited (FOL), an indigenous oil and gas exploration and production company, and the operator of the Uquo Marginal Field and the 200mmscfpd central processing facility, has commenced the supply of gas to Alaoji, Calabar and Ibom independent power plants. Chief Executive Officer of FOL, Dada Thomas, who made this revelation in the paper…
OWA confirms strategic partnership with Rave TV
THE Offshore West Africa Conference & Exhibition (OWA) owned and produced by the PennWell Corporation, has confirmed Rave TV onboard as a Strategic Media Partner for the upcoming 20th anniversary edition of OWA in Nigeria. Rave TV acclaimed as the first interactive multi-broadcast entertainment network in Nigeria with a global broadcast reach has in its…
Bristow Group Helicopter Crash Kills Oil Workers Returning from Rig
Bristow Group, a leading charterer of helicopters to the oil and gas industry in Nigeria has lost one of its helicopters in a crash, which killed four people. Six are said to have survived the crash, which occurred as the helicopter, an American-made Sikorsky S-76C, traveling from an oil rig in the Lagos lagoon. It…
NNPC To Become Sole Petroleum Products Importer as Refineries Begin Operation
Speaking at an interview with the Financial Times of London, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has shed some light on how the Federal Government plans to reduce the national reliance on imported petroleum products. With all the refineries now springing into operation, following their Turn Around Maintenance (TAM), the…
New GMD Kachikwu Begins NNPC Cleanup and Restructuring
The newly appointed Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr Ibe Kachikwu, has wasted no time in getting on with clean up and restructuring of NNPC. Barely days into the job, the new GMD was hiring and firing in his multi-faceted restructuring approach. He intends to take the three facets…