Losses at NNPC hit N551.46b in four years
The Nigerian National Petroleum Corporation (NNPC) recorded loses in the region of N551.46b from January 2015 to December 2018. Details of financial records published on the company’s website revealed that the...
‘Nigeria must be strategic about oil exploration in North’
Former President, Nigerian Association of Petroleum Explorationists (NAPE), Abiodun Adesanya, has called for tactical approach towards oil exploration...
Chevron identifies new exploration activities for nation’s growth
Chevron Nigeria Limited has identified more exploration activities to increase Nigeria’s overall hydrocarbon reserves. The oil major’s General Manager, Asset Development and Exploration, Kunle Adeyemo, told stakeholders during a panel discussion in Lagos. Speaking at the 2018 Nigerian Association of Petroleum Explorationists (NAPE) annual international conference and exhibition, Adeyemo noted that the call for organic…
Petroleum explorationists task FG on oil reform bill
President of Nigerian Association of Petroleum Explorationists (NAPE), Dr. Andrew Ejayeriese, has urged the federal government to as a matter of urgency consider the oil reform bill pending before the National Assembly for over 17 years. He lamented that lack of political support has been hindering the growth of the sector, saying government needs to…
‘Current industry laws not supporting deep offshore investments’
The Nigerian Association of Petroleum Explorationists (NAPE) says current legislations governing operations in the country’s oil and gas industry do not encourage investments in deep offshore projects.
Adesanya: Technocrats needed to make JDZ achieve projected goals
Former President of the Nigerian Association of Petroleum Explorationists (NAPE), Abiodun Adesanya, who doubles as the Chief Executive Officer of Degeconek...
Location, non-availability of crude fuelling wastage at Kaduna Refinery
In March 1988 when the Kaduna Refining and Petrochemical Company (KRPC) Limited came into being, expectations were sky-high. Since the country’s economy is largely oil-dependent...
Peter Obi blames low reserves on refusal to save during oil boom
Former Governor of Anambra State, Peter Obi, has blamed low foreign reserves on the refusal of the Federal Government to save during the many years of oil boom.
Nigeria should strive to be energy sufficient, says Adesanya
Abiodun Adesanya is the President, Nigerian Association of Petroleum Explorationists (NAPE), in this interview with Roseline Okere; he spoke on the Nigeria oil and gas sector and the association’s upcoming conference.