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16 May 2018
The Department of Petroleum Resources (DPR), has unveiled plans to release new guidelines to govern Nigeria’s Liquefied Petroleum Gas (LPG) sector.    To achieve this, DPR will embark on stakeholders’ engagement in the LPG industry with a view to fashioning new guides on life threatening issues being taken for granted by operators in the industry.…
16 May 2018
Global crude oil prices is gradually moving towards reaching the $80 per barrel mark, as Brent hits $78.18, while Nigeria’s Bonny Light was sold at $77.54 per barrel during late trading hours on Monday. At Nigeria’s current crude oil production of two million barrels per day, the country earns estimated $155.080 million (N55.828 billion) at the…
10 May 2018
Experts have lamented failure by the Federal Government to commence the haulage of petroleum products by rail, a development they blame on lack of infrastructure, poor planning and corruption. The government and other stakeholders in the oil and gas value chain have consistently failed to make investments needed to make the dream a reality. Also,…
4 May 2018
The lax and inefficient nature of regulatory framework in oil and gas sector in Nigeria, may continue to affect the inflow of foreign direct investment unless government takes urgent action. The Managing Partner, The Chancery Associates, Emeka Okwuosa, who spoke with The Guardian in Abuja, Tuesday, insisted that the development of the industry would remain…
25 Apr 2018
The Nigerian Content Development and Monitoring Board (NCDMB) projected that $14 billion out of the $20 billion spending in shipyards and manufacturing in the oil sector, would be retained in Nigeria by 2027.    The board also made a projection that about 300,000 would be provided by the sector by 2027.    Unveiling the board’s…
25 Apr 2018
Former President of the Federal Republic of Nigeria, Dr. Goodluck Jonathan, is expected to discuss the role of local content in preventing conflicts in the Niger Delta region at the Offshore Technology Conference (OTC) coming in Houston, Texas next month. According to Marak Alliance, United States, the opening address of the Conference will be delivered…
25 Apr 2018
West African Ventures (WAV), an Engineering, Procurement, Installation and Marine Charter Services provider for the Nigerian Oil and Gas Industry, has expended over $550,000 to train 26 young Nigerians in partnership with Chevron and the Nigerian Content Development and Monitoring Board, under the Sonam Development Project Pipeline and Okan Pig Receiver Platform Transport and installation contract…
22 Apr 2018
Energy experts have said there is urgent need for President Muhammadu Buhari to sign the recently passed Petroleum Industry Governance Bill (PIGB) to prevent continued loss of $15b investment yearly.
16 Apr 2018
The Federal Government and oil firm, Nigeria Agip Oil Company (NAOC) have concluded arrangement to carry out activation of National Oil Spill Contingency Plan (NOSCP) as agreed by the stakeholders.   Similar exercises took place in 2011 and 2013, and knowledge and expertise gained helped in no small measure in combating Bonga Oil Spill incident.…
7 Apr 2018
The Department of Petroleum Resources (DPR) has approved the construction of a 12MMSCFD capacity Liquefied Petroleum Gas (LPG) extraction plant in Rivers State. The plant, owned by Green Energy International Limited, operator of the Otakikpo Marginal Field in OML 11, would be located at Ikuru town. According to a statement in Abuja, yesterday, Green Energy said approval to…
4 Apr 2018
Nigeria has steadily overtaken Angola as the top oil and gas producer in Africa, with an increased out put of 91,500 barrels per day (bpd) in February 2018.
4 Apr 2018
Benin Electricity Distribution Plc. (BEDC) has partnered with a security agency – ‘Operation Thunderstorm’ in Benin; a Nigerian army outfit set up in support of civil authorities to maintain law and order in Edo State to stop the activities of vandals of electricity equipment.   Executive Director, Commercial, Abu Ejoor said this at the presentation of…

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