DrillBytes
17 Jun 2020
Considering its huge reserves and potential for economic transformation, Nigeria is considered to more of a gas nation, against its reputation as an oil-producing country. With many discoveries across Africa, the need to explore gas for domestic development and implement policies to drive its utilisation, especially as it relates to electricity and industrial growth, remain…
1 Jan 2020
For Nigeria and many other African countries, 2019 was a year of gas and other key discoveries. In the same year, per capita consumption of cooking gas
11 Sep 2019
The oil and gas sector in Nigeria has been engrossed in legal battles, especially with landmark cases that involved the government through its agencies. From the Malabu oil deal scandal to the $9.6 billion P&ID judgment delivered by a UK court, the issues of contract drafting, negotiations, and adherence to the provisions of agreed terms raise concerns. FEMI ADEKOYA and KINGSLEY JEREMIAH write on why the nation keeps being involved in several litigations that should never exist.
10 Jul 2019
Notwithstanding exploration and production interests expressed by oil majors in Nigeria’s oil and gas sector, the lack of clarity on the legal regime, especially as it relates to royalties and renewal of several oil blocks, has stalled investors from making final investment decisions. While operators like Shell, are moving ahead, the country remains, to some…
29 May 2019
Despite the continent’s discoveries and potential in terms of oil and gas exploration, member-countries continue to face challenges of importing refined crude as they lack sufficient refining capacity. Seplat Petroleum Development Company Plc’s Operations Director, Effiong Okon, made this assertion during his keynote address at the Africa E & P Summit, held in London recently.…
17 Apr 2019
Lekan Akinyanmi is the CEO of Lekoil, an Africa-focused, AIM-listed oil and gas exploration and production company with interests in Nigeria and Namibia. The company acquired a significant stake in the Otakikpo marginal field from Green Energy and acts as its technical partner to bring the field into production. In this interview, Akinyanmi explained how…
10 Apr 2019
Petrocam Trading Nigeria Limited has unveiled its intentions about local refining saying that the firm does not have any plans of investing in refinery in Nigeria until there is deregulation. The company’s Admin and Sales Manager, Eyo Oghogho who made this revelation in Lagos at the official inauguration of its ninth solar powered and eleventh…
10 Apr 2019
Dangote Refinery, currently under construction has been described as a project that would assist Nigeria’s quest of attaining 1.095 million barrels per day self-sufficiency in the refining of petroleum products. Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation (NNPC), Bello Rabiu, disclosed this at the just concluded Nigeria Oil and Gas Opportunity Fair (NOGOF) in…
10 Apr 2019
Seplat Petroleum Development Company Plc, has urged public and private sector operators to invest more in research and development aimed at promoting safety. The oil company noted that such investments should cut across the different sectors of the economy as is the case for the oil/gas and aviation sectors, among others. The Operations Director of…
27 Mar 2019
Solar Nigeria for the People Limited (Solar Nigeria FTP), the Nigerian subsidiary of Solar Philippines has signed a Community Agreement with Ode Omi Community to invest about half a million dollars to build a large rural mini grid. Signing the agreement, the Country Director of Solar Nigeria FTP, Dr. Tobi Oluwatola in a statement, said…
27 Mar 2019
The $12 billion Train 7 (T7) project got a boost as the Bonny Entrepreneurs and contractors Forum has assured the Nigerian Liquefied Natural Gas (NLNG) and the federal government that Bonny is ready for the project. The Forum Chairman, Idawarifagha Benstowe, who spoke to newsmen after the forum's inaugural meeting said: "We are hopeful that…
27 Mar 2019
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has upped its contractor support fund with $200 million in an effort to boost the financial capacity of vendors and suppliers in Nigeria’s oil and gas industry. This latest move brings the fund size to $2.4 billion. Shell, in 2016, had signed a $2.2 billion MoU…
27 Mar 2019
As parts of efforts to expand the penetration and accessibility of renewable energy in Nigeria, ‘infinity,’ an online solar energy technology which optimises diverse power provision has been unveiled in the Nigerian market to close the lingering energy gap. The technology, which is a combination of smart storage of energy and solar, has been formulated…
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For three days last week there was a well-attended Festschrift conference in Abuja in honour of General Abdulsalami Abubakar, Nigeria’s former Head of State who handed over power to an elected civilian government on May 29, 1999.
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The alarming rate of kidnapping in Nigeria in recent times, particularly in the northern states has compounded the Boko Haram war situation that has devastated the Northeast.
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Ordinarily, suppose one should go by the maxim that we are all political animals as asserted by the great philosopher himself.
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To check the rising cases of unclaimed dividend in capital market currently put at N158.44 billion, experts that gathered at the 10th yearly conference of the Institute of Capital Market Registrars (ICMR) have underscored...
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The need to vote for a public institution that has been adjudged most responsive to requests for information from members of the public under the Freedom of Information (FOI) Act has been canvassed by International Press Centre (IPC) and Media Rights Agenda (MRA).