Industry

-By Fred Ojiegbe Operators in the global oil industry, who converged at the just concluded Offshore Technology Conference (OTC), in Houston, Texas were of the opinion that full digitalisation is key to transformation in the offshore…
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-By Teddy Nwanunobi Nigeria is Africa’s largest exporter of oil but it still has to import almost all its fuel needs, due to lack of refining capacity. As if the loss from its lack of refining capacity is not enough, it is still…
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-By Teddy Nwanunobi With over $160 billion projects that are yet to see the Final Investment Decisions (FIDs) in the upstream segment of Nigeria can benefit from the global Environmental Social and Governance (ESG). All over the…
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President Muhammad Buhari Investments in deepwater to rise Nigeria recorded a major breakthrough, with the erstwhile Petroleum Industry Bill (PIB) on Monday, August 16, 2021, when President Muhammadu Buhari signed it into law on…
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-By Fred Ojiegbe Ownership of some of Nigeria’s oil blocs will soon change hands, as Shell has started the process to divest all operated joint venture licenses held by the Shell Petroleum Development Co. (SPDC) in Nigeria. This…
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President Buhari (r), with Mohammad Sanusi Barkindo, OPECSecretary General Chief Timipre Sylva, Minister of State for Petroleum Resources -By Teddy Nwanunobi Recently, Nigeria marked 50 years as a member of the Organisation for…
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* Announces panelists for 2nd RDFC By Eddy Ochigbo and Adeniyi Onifade Ahead of the 2nd edition of its Research and Development Fair and Conference (RDFC) scheduled for September 9, the Nigerian Content Development and Monitoring…
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Frowns at 3 percent allocation to host communities Governor Douye Diri of Bayelsa on Tuesday called for clarity in the definition of host communities in the recently passed Petroleum Industry Bill (PIB) to avoid potential conflicts.…
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The Dangote Group, at the weekend, said its $2 billion Petrochemical Plant, now nearing completion, is designed to produce 77 different high-performance grades of polypropylene in the country. The plant with a capacity of 900,000…
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The Permanent Secretary, Ministry of Petroleum Resources, Dr Sani Gwarzo, Says effective implementation of  the Petroleum Industry Act (PIA) will drive purposeful investment in the oil and gas sector. Gwarzo made this known at the…
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