Industry

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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Proven gas deposits in Nigeria has moved 206.53 trillion cubic feet, the Department of Petroleum Resources (DPR) said yesterday in Abuja. Speaking at the Nigeria International Petroleum Summit, Director of DPR, Auwalu Sarki disclosed…
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The federal government has announced the discovery of an additional 3.53 Trillion Cubic Feet (TCF) of gas in the country, further boosting the existing quantum of reserve to 206.53 TCF. Speaking at the Nigeria International Petroleum…
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The Department of Petroleum Resources (DPR) has said that indigenous oil and gas companies are now contributing as much as 33% to the country’s crude oil reserves and about 30% to its gas reserves. This is as it has announced that…
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The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has hailed the giant stride of President Muhammadu Buhari in the oil industry, stating that his administration’s support has restored investors…
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Barely a year after the Department of Petroleum Resources, DPR, slammed a $250,000 fine on National Oilwell Varco, NOV, over perceived unfair labour practices, the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN,…
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