The Department of Petroleum Resources (DPR) has stated that over 200 bidders are competing for the available 45 gas flaring sites in Nigeria, adding that the national gas flare commercialization programme will be implemented from those sites at the initial stage.
‘Safety campaigns to address electrical accidents, tampering’
Benin Electricity Distribution Plc. (BEDC) has restated its commitment to reducing electrical accidents and tampering with electricity equipment among school children as it embarked on safety sensitization campaigns in primary and secondary schools across Ondo state.
‘Oil firms, contractors may exploit loopholes in local content Act’
Though the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, is designed to foster institutional collaboration, and maximize resource utilisation as well as participation of Nigerians in oil and gas activities, by linking oil and gas sector
Nigeria lost N230b to oil theft, vandalism in 2019, says NNPC
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the nation lost about $750 million or N230.2billion to oil theft in 2019.In a presentation to members of the Executive Intelligence Management Course 13 of the National Institute for Security Studies....
‘Why gas remains untapped in Nigeria despite huge reserves’
Uncertainties around changes in fiscal framework, local community crisis, mismatch in currency (gas revenue in Naira versus costs in United States Dollar), and Domestic Supply Obligation (DSO) gas pricing constraints have been identified as prevailing challenges ...
Minister inaugurates panel for construction of N2 trillion Mambilla power plant
The Minister of Power, Sale Mamman, on Monday, in Abuja inaugurated two committees to ensure the steady completion of the N2 trillion Mambilla Hydroelectric Power Project
Sylva seeks end to oil sector challenges as investments decline
Unless Africa focuses on developing sustainable technical and managerial skills in innovation, operations, and management of oil and gas resources
Nigeria’s mining cadastre system as gateway for $60b investments
Nigeria’s solid minerals industry is believed to have the capacity to generate yearly revenue of $60 billion if properly harnessed. To achieve this, investors need to have an idea of how the cadastre system works, considering the country’s reputation as it relates to regulation.
Government urged to protect oil industry data against cyber-attack
The Federal Government has been urged to develop policies and legislation that will help protect the oil and gas industry's vital data against cyber-attack.
Coronavirus impact may drive oil to $47 as OPEC+ mulls 0.5mbpd cuts
With the impact of the coronavirus taking a toll on oil demand—and the economy in general, Citigroup has slashed its oil price forecasts for three of the quarters this year and doesn’t rule out Brent Crude sliding to as low as $47 a barrel.