Industry

The Train 7 project of the Nigerian Liquified Natural Gas (NLNG) will raise gas production by 35 per cent and create, at least, 42,000 jobs. With a five-year completion timeline, the project will cost $10 billion. NLNG…
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Nigerian National Petroleum Corporation (NNPC) through its subsidiary Duke Oil has sealed a pact to supply 30,000 barrels per day crude oil supply to Indonesia’s state oil corp, Pertamina, and Indian Oil Corporation. The development,…
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The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation and ZED Energy Limited have signed shareholders agreement on the construction of N10.5 billion Brass Petroleum Products Terminal…
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Nigerian National Petroleum Corporation (NNPC) through its subsidiary Duke Oil has sealed a pact to supply 30,000 barrels per day crude oil supply to Indonesia’s state oil corp, Pertamina, and Indian Oil Corporation. The development,…
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President Muhammadu Buhari on Tuesday performed a virtual groundbreaking ceremony of the Nigeria Liquefied Natural Gas (NLNG) Train 7 project in Bonny Island, Rivers state with a charge that the project should be delivered on time so that…
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South Sudan is seeking to ramp up oil output and build refining capacity in an enduring effort to revive an economy that’s suffered from war and a global pandemic. Oil production accounting for nearly all government revenue has…
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The National Petroleum Corporation of Namibia (‘NAMCOR’) and Reconnaissance Energy Africa (‘ReconAfrica’) have announced the execution of a Joint Operating Agreement (‘JOA’) to develop the resource potential of the Kavango Sedimentary…
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Nigeria’s oil production growth will remain impeded in 2021 as it faces teething technical and operational issues, which are being exacerbated by the recent rise in pipeline leaks and sabotage, industry sources and analysts said June 14. …
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The Department of Petroleum Resources (DPR) has set up a programme to establish micro Liquefied Natural Gas (LNG) distribution centres across the 774 local government areas in the country. Mr Sarki Auwalu, Director, DPR, made the…
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A new report by Financial Derivatives Company Limited (FDC) has indicated that Nigeria's oil and gas industry loses as much as $15 billion in investments annually due to the delayed passage of the Petroleum Industry Bill (PIB), currently…
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