Industry

By Saidu Abubakar Conclusion date now July 28, 2023 In a bid to boost confidence in the transparency and continuity of the 2022/2023 Deep Offshore Oil Block Mini-Bid Round process, President Muhammadu Buhari has approved the…
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By Yange Ikyaa The global market for oil and gas contractors has been projected to rise to a peak of $1 trillion in the year 2025 and remain at high levels for several years thereafter, according to a recent industry report. …
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By Adaobi Rhema Oguejiofor The new Commandant of the Nigeria Security and Civil Defense Corps (NSCDC) in Abia State, Paul Igwebuike, has said that six suspected crude oil thieves have been arrested, with 42 drums of oil suspected to…
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. By Moses Patience Chat The National Insurance Commission has said that the Nigeriain oil and gas sector has recorded a 36 per cent premium retention ratio in 2022 and ranked as the underwriting sector with the lowest premium…
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By Saidu Abubakar President Muhammadu Buhari on Tuesday declared that the discovery and drilling of oil in Nasarawa State will lead to greater prosperity for Nigerians as well as enhance overall energy security for the country. …
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By Adaobi Rhema Oguejiofor History is again being made today in the oil and gas industry with the flag-off of exploration following oil discovery at Obi Local Government Area of Nasarawa State. The flàg-off by President Muhammadu…
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By Moses Patience Chat The Nigerian National Petroleum Company Limited (NNPCL) has predicted that its Post-PIA annual profit for the 2022 financial year would be higher than the N674 billion profit that was generated in 2021.  …
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By Adaobi Rhema Oguejiofor Seplat Energy, a Nigeria-based international energy Company, has said that it is planning to replace diesel with renewable energy pilot programmes in 2023. The Company disclosed this…
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By Adaobi Rhema Oguejiofor The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled six new regulations which it says will support sustainable growth for the midstream and downstream sectors of the…
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By Adaobi Rhema Oguejiofor The Executive Director of Rainoil Limited, Mr. Emmanuel Omuojine, has said that the optimal utilization of gas is a guarantee towards achieving energy security and equity in Africa. …
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