Industry

By YANGE IKYAA The Nigerian minister of state for petroleum resources, Timipre Sylva, on Tuesday said that the conclusion of bid rounds for marginal fields in the country after 18 years is a strong pointer to the Federal…
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By YANGE IKYAA With over $42 billion worth of investment agreements signed by various Nigerian entities at the just concluded Intra African Trade Fair (IATF) in South Africa, there is strong optimism that so many new projects would…
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By YANGE IKYAA The government of President Muhammadu Buhari has adopted a strategic action to immortalize Oloibiri and industrialize Bayelsa State through the establishment of the Oil and Gas Museum and Research Center in Oloibiri,…
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The rising demand in the global oil market and the associated strong prices provide ample opportunity for Nigeria to revive programmes for speedy realization of key growth aspirations in the petroleum industry, writes SOPURUCHI ONWUKA.…
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Engr. Justice Derefaka, Technical Adviser(TA), Gas Business and Policy Implementation to the Hon. Minister of State for Petroleum Resources, Chief Timiprye Silva, a strong advocate of FG’s Gas Reforms, reveals how 100 million Nigerians…
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By YANGE IKYAA Oando Plc hast announced that a magic investor, Leaf Investment & Realtors Limited,l has acquired 15.83 percent of its shares. The deal which represents 1,968,452,614 units of the company’s shares were…
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By YANGE IKYAA Seplat Energy Plc, has confirmed that it is in the process of acquiring ExxonMobil’s Nigerian shallow water business. However, there is no certainty as to the outcome of the ongoing discussions, according to a…
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By Yange Ikyaa The driver of a boat remains missing, while three other persons have been confirmed dead following an attack on oil facilities belonging to Nigerian Agip Oil Company. Among the dead are two Agip workers and an…
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The World Bank has stated that Nigeria spends $4.5 billion on fuel subsidy, indicative of 2% of GDP or 35% of oil and gas revenue. This was disclosed by the World Bank  in the November 2021 edition of its Nigeria Development…
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"The Texas-based company is one of the largest oil and gas producers in Nigeria, with 106 operated platforms" Seplat Energy, Nigeria’s largest listed oil and gas firm by market value, has announced that it is in competitive…
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