Monday, 26th September 2022
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21 Sep 2018
Aspirants to the office of President of the Federal Republic of Nigeria in the 2019 Election will have a chance to marshal their plans and programmes for the oil and gas sector of the economy and convince the electorate of their capacities and abilities to ensure economic growth and development of the country. Given the…
9 Sep 2018
Among other reasons, the Petroleum Industry Bill (PIB) introduced about 17 years ago was intended to create a legal and regulatory framework, institutions and regulatory authorities for the petroleum industry and set guidelines for the operation of the country’s petroleum sector, which has remained the country’s highest revenue source, accounting for over 80 per cent…
28 Aug 2018
Anticipated increase by 200,000 barrels of oil per day to Nigeria’s oil production (approximately 10 per cent of the country’s total oil production) received impetus following the successful sail-away of the Egina Floating, Production, Storage and Offloading (FPSO). This comes on the heels of latest report from the Organisation of the Petroleum Exporting Countries (OPEC),…
22 Aug 2018
There are indications that the global intelligent completion market, currently standing at about $1.61billion, will hit $2.16billion by 2023, at an annual growth rate of 6.05 per cent. Intelligent completion is a process where permanent downhole sensors and surface-controlled downhole flow control valves are integrated to enable users monitor, evaluate, and actively manage production (or…
19 Aug 2018
President, Nigerian Gas Association (NGA), Dada Thomas, in this interview with KINGSLEY JEREMIAH, said sloppy formulation and implementation of policies, as well as, failure to take swift economic decisions contributed to the comatose state of the Brass and Olokola Liquefied Natural Gas projects. Thomas, who is Founder/Chief Executive Officer of Frontier Oil Limited, also said the…
19 Aug 2018
Nigeria's natural gas reserve is estimated to be about 192 Trillion Cubic Feet (TCF), and that places the country as ninth largest holder of proven gas in the world. Indeed experts, including the former Director of the Department of Petroleum Resources (DPR) and Lead Consultant to the National Assembly on the Petroleum Industry Bill (PIB),…
16 Aug 2018
The Nigerian National Petroleum Corporation (NNPC) has said that the drop in power generation could have been triggered by the continuous rejection of load by the distribution companies due to frequency management.
15 Aug 2018
Oil and gas businesses operating in the downstream retail segment of the industry risk demise if the needed attention is not paid to market data management, according to Energy360 Africa Limited. The company stressed that proper market data management will not only help to boost the returns and growth of downstream players, but will also…
15 Aug 2018
Moritz Abazie is the Chairman, Strides Group, owners of Strides Energy & Maritime Limited. In this interview with STANLEY OPARA and EMEKA NWACHUKWU, he spoke on the future of Nigeria’s oil and gas industry, the economy and the need to bridge the country’s infrastructural gap.   How far can oil/gas revenue go in addressing Nigeria’s…
15 Aug 2018
Schneider Electric says it is committed to providing the industry with digital solutions for businesses that are guaranteed to enhance profitability and optimise costs. The foremost innovator and specialist in energy management solutions made this known during the Society for Petroleum Engineers/Nigerian Annual International Conference and Exhibition themed: “The role of the Oil and Gas…
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…


1 hour ago
Almost a year after The Guardian report on foreign airlines departing Nigerian shores empty, the situation has changed, but for the worse.
1 hour ago
At the United Nations General Assembly (UNGA) in New York, the United States, last week, President Muhammadu Buhari, made an open-ended request for ‘outright’ debt cancellation for developing countries facing “the most severe challenges”.
1 hour ago
After a spell of seeming harmony within the ruling All Progressives Congress (APC), discordant tunes are coming to the fore ahead of a long four-month campaign stretch for 2023 general elections, which officially kicks off on Wednesday, September 28.
2 hours ago
Anthony Joshua is set to defy promoter, Eddie Hearn, and sign a contract to fight Tyson Fury by today’s deadline, reports
2 hours ago
The dream of every Nigerian is the security of owning a home, but that reality has been scuttled, following rising prices of building materials and rents in the housing market.