Industry

"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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Minister of State for Petroleum Resources Chief Timipre Sylva has drummed up support for the Petroleum Industry Act (PIA) from the Niger Delta region. Sylva who spoke over the weekend in Yenagoa, Bayelsa State during a meeting with…
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By Teddy Nwanunobi The Nigerian National Petroleum Corporation (NNPC), in collaboration with Chinese and American firms, have begun the construction of a 50 megawatts gas power plant in Maiduguri, Borno State. Approved by…
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By Teddy Nwanunobi As price of liquefied petroleum gas (LPG) also known as cooking gas, spikes further across various parts of the country, indications have emerged that marketers’ inability to off-take 450,000 metric tons per annum…
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As Nigeria turns 61, some stakeholders in the oil and gas industry say effective implementation of the Petroleum Industry Act (PIA) 2021 will accelerate repositioning of the sector for national development. The stakeholders made the…
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The Nigerian National Petroleum Corporation (NNPC) has disowned information making the rounds in the social media to the effect that the oil company is conducting a recruitment exercise. The Group General Manager, Group Public…
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