Industry

By Fred Ojiegbe World trade in LNG in 2020 has remained essentially unaltered from 2019, averaging 46.9 billion feet per day (bftpd) compared with 46.7 billion ft/d in 2019, according to the recently released The LNG Industry:…
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By Teddy Nwanunobi For two decades, the Nigerian oil and gas industry has dreamed night and day to have a legislation that will reform the way the industry operates so as to boost the sector and make it attractive for investment.…
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By Godwin Osaka The quest to gradually move from consumption of fossil fuel to cleaner energy is now topping discussions at different global oil and gas fora, and Nigeria is not left behind in the discussion. Thus, a new report…
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By Fred Ojiegbe There are indications that Nigeria’s oil production suffered a decline as its rig count dipped by one, having posted five in June, as against six posted in May. This was coming at a time the Organisation of Petroleum…
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By Teddy Nwanunobi Nigeria and other African nations need to spend about $15.7 billion on their refineries to curb emissions and meet climate-change targets as demand for oil and gas surges. Governments on the continent should…
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The Department of Petroleum Resources (DPR) has said it is formulating a Maximum Economic Recovery (MER) strategy for Nigeria to attain maximum value from its oil and gas resources. The Director, DPR, Sarki Auwalu, said in a keynote…
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Nigeria’s cabinet on Wednesday approved the state-oil firm’s acquisition of a 20% stake in Dangote’s oil refinery for $2.76 billion, the country’s junior oil minister Timipre Sylva said. The government also approved contract awards…
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By Teddy Nwanunobi Passing the Petroleum Industry Bill (PIB), after previous failed attempts, is capable of presenting positive long-term effects for both Nigeria’s public finances and the oil and gas production in the country,…
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By Teddy Nwanunobi Valuechain Magazine, on Wednesday, commiserated with the Nigerian National Petroleum Corporation (NNPC) over the death of one of its staff, Miss Fatima Baffa Garko, who died on Tuesday morning. Led by the…
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The Society of Petroleum Engineers (SPE) Nigeria Council says the Petroleum Industry Bill (PIB) is a useful tool for the development of Nigeria’s oil and gas resources. Mr Olatunji Akinwunmi, Chairman, SPE Nigeria Council, made the…
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