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6 Aug 2018
Some investors have expressed concerns over what they describe as the ‘high charges’ in Nigeria’s oil and gas free zones, noting that the development endangers government’s foreign direct investment (FDI) drive into the sector as well as hampers the growth of the industry.
15 Jun 2018
Nigeria Extractive Industries Transparency Initiative (NEITI) has canvassed a review of obsolete laws in the oil and gas contracts. NEITI’s Executive Secretary, Waziri Adio, made the call at the unveiling of NEITI dashboard in Abuja. He blamed the Federal Government for not being proactive in the review of extant laws guiding multinational oil companies. According…
31 May 2018
Powergas Nigeria, a domestic Compressed Natural Gas (CNG) Distribution Company and European Technologies for Africa (ETEFA)- an Austrian green technology company, are investing in the development of CNG as an alternate fuel for mass-transit and haulage sector in the country. To commence the pilot project of employing “One City Bus and One Truck” initiative, the…
16 May 2018
The Chairman Board of Governors, the Petroleum Club, Lagos, Godswill Ihetu, has said the Petroleum Industry Bill (PIB), if passed into law would address inefficiencies, and ensure strong regulations in the Oil and Gas industry. Speaking at a workshop on PIB organised by Petroleum Club in Lagos recently, he noted that the reform of the…
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…
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
Nigerian National Petroleum Corporation (NNPC) delivered 828 million metric standard cubic feet per day (mmscfd) to gas fired power plants to generate an average power of about 3,342 Mega Watts (MW) of electricity in December 2017. This was relatively higher than the average production of 743 mmscfd, which was supplied to generate 3,115MW in the…
4 Mar 2018
Ukraine on Sunday said it had resolved its gas shortage caused by the refusal of Russia's Gazprom to restart natural gas deliveries. "We have a sharp increase in gas supplies from the EU, from Poland, Slovakia and Hungary," Ukrainian President Petro Poroshenko posted on Twitter. "The entire shortage is completely covered." Poroshenko underlined that Ukraine…
28 Feb 2018
Chairman and Managing Director, Chevron Nigeria Limited (CNL), Jeffrey Ewing, has said the company will boost investment as part of measures to support the Federal Government’s efforts in the oil and gas sector.      Ewing, who spoke on the sideline of the Nigerian International Petroleum Summit (NIPS) in Abuja, insisted that Africa remained key to…
28 Feb 2018
The Organisation of the Petroleum Exporting Countries (OPEC), and stakeholders in the Nigerian oil and gas sector, Monday in Abuja, insisted that there was a need for the country to improve on data availability to support investment decisions and transparency. While OPEC admitted that Nigeria has made significant improvement in oil and gas related data…
28 Feb 2018
NLNG Limited (NLNG) is in the position to invest up to $5 to $10 billion in the upstream gas supply and infrastructure for the construction of the Train 7 gas project, the Deputy Managing Director of NLNG, Sadeeq Mai-Bornu, has said.    Mai-Bornu added that the replication of the company’s business model would generate opportunities…
7 Feb 2018
Nigeria is said to be an attractive investment destination in sub-Sahara Africa despite the fast changing landscape of the global oil and gas industry.   The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, at the BHGE 2018 Annual Meeting in Florence, Italy, while fielding questions at the Ministerial Panel, said Nigeria’s…

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