Industry

The Nigerian Content Development and Monitoring Board (NCDMB) has approved four firms for the supply of Barites required for any drilling project or contract in the Nigerian oil and gas industry. The four Barites processors are Nishan…
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* Promises to consolidate on progress achieved By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC) has declared that it owes Nigeria so much for the pivotal role it played in the 'Declaration of…
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The Senate President, Ahmad Lawan has disclosed that the Petroleum Industry Bill, PIB, which has been 20 years in making, will be passed before the end of June 2021. Lawan who made this disclosure at the opening of the 2021 Nigeria…
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…as US lauds rehabilitation project The Managing Director, Port Harcourt Refining Company, PHRC, Mr. Ahmed Dikko, is on course to end the protracted rot in the establishment and ensure it works at full capacity again. This is even as…
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Lekoil Nigeria, has reacted to the termination of Lekan Akinyanmi’s contract as Chief Executive of Lekoil Limited, the AIM listed company which is actually Lekoil Cayman. It says that the decision, announced June 3, 2021, is the…
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The Nigerian National Petroleum Corporation (NNPC) has bemoaned the recent spate of attacks on the country’s rail lines, especially from Warri in Delta state to Itakpe in Kogi state, which the corporation had started using for haulage of…
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Uganda has shortlisted four companies for an exploration round following its second oil exploration tender ever. The tender involved five oil blocks along Uganda’s border with Congo, where oil has already been discovered, Dow Jones…
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By Teddy Nwanunobi The duo of the National Petroleum Investment Management Services (NAPIMS) and Department of Petroleum Resources (DPR) have concluded arrangements to hold special briefings on Wednesday, June 9 and…
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Africa’s largest oil producers do not plan to abandon oil and gas exploration and production and could consider creating a continent-wide bank to fund new projects when international banks refuse to finance new developments. Nigeria, an…
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Mike Adenuga-chaired Conoil Plc earned 63 per cent more in after-tax profit from January to March compared to the same period of 2020. But the company’s turnover fell by over N5 billion as the energy firm gained relief after paying up…
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