Industry

Stakeholders in the oil and gas industry have called for diligent implementation of the Petroleum Industry Act (PIA) to ensure that the intended reforms in the sector are achieved. The stakeholders who spoke at a roundtable on PIA…
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Lenders fear further exposures Kyari confident on delivery Plans by the Federal Government to construct a $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas-power pipeline may have suffered setback, as the project is far from its 2023…
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By Teddy Nwanunobi Some storage facilities’ owners among the petroleum marketing companies and the Nigerian Ports Authority (NPA) are allegedly contributing to the ongoing scarcity and attendant hike in price of liquefied petroleum…
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“The approach that we are using is to get the communities to buy into the project and be part of it. So much has been covered and I’m delighted with the way we are going" Amidst growing doubts in some quarters that the ongoing…
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"The NNPC represents one of the top NOCs in Africa, and by coming to Cape Town, the Corporation will share insights, promote projects, and emphasise the role that NOCs have and continue to play in Africa’s energy future" By Teddy…
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"One per cent of the value of contracts awarded in the upstream sector of Nigeria’s oil and gas industry is pooled into the Nigerian Content Development Fund (NCDF)" By Teddy Nwanunobi The Executive Secretary of Nigerian Content…
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By Teddy Nwanunobi The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Tuesday, hinted that many international oil companies (IoCs) are currently contemplating leaving their onshore operations in Nigeria, as a…
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"Nigeria’s struggle to up its production capacity also mirrors the impact of OPEC+ on the country’s oil facilities" By Teddy Nwanunobi Nigeria’s seeming loss of its most priced natural resource, crude oil, continued in July, with…
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"The virtual conference would serve as a means of finding lasting solutions to the challenges bedevilling the future of African downstream oil industry" Major players in the downstream segment of the petroleum industry in Africa…
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Finima, Bonny Island Finima Community in Bonny Local Government Area of Rivers State, has charged the National Assembly to prevail on the Nigerian Liquefied Natural Gas Limited, to recognized them as its host community. The…
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