Industry

By Teddy Nwanunobi About $40 billion investment would be required to close the huge infrastructure gap that is currently threatening Nigeria's 'Decade of Gas' initiative. The Nigerian National Petroleum Corporation (NNPC) disclosed…
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By Teddy Nwanunobi Lekoil Nigeria Limited has faulted the termination of Mr. Lekoil Akinyanmi by Lekoil Limited as Lekoil Cayman CEO, claiming that due diligence was not followed in the process. “We are of the opinion that recent…
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Oil major, ExxonMobil, has divested its 80 per cent interest in Ghana’s Deepwater Cape Three Points offshore bloc, a spokesman told Reuters on Thursday. “ExxonMobil is prioritising near-term capital spend on the most advantaged assets…
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The Department of Petroleum Resources (DPR) says it is not celebrating any 50 years anniversary and has not commissioned any media company to do a publication in that regard. The DPR made this known in a statement issued by its…
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By Teddy Nwanunobi Chairman of Petroleum Technology Association of Nigeria (PETAN), Mr. Nicolas Odinuwe, has been confirmed as the representative of the indigenous oil and gas service companies at the maiden edition of the African Local…
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African Refiners and Distributors Association, ARDA, has stated that for African countries to meet the planned Sulphur level in petroleum product content, about $15.7 billion would be needed to upgrade the existing 36 refineries on the…
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By Teddy Nwanunobi The Integrated Oil and Gas Limited, the firm that owns the Eko Petrochem Refinery project, has set a new date for the completion of the 20,000 barrels per day (bpd), saying the project would be by the middle of 2023…
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By Teddy Nwanunobi An oil and gas exploration and production company, Lekoil Limited, has announced the termination of the contract of appointment of its Founder/Chief Executive Officer (CEO), Olalekan Akinyanmi, with immediate…
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TotalEnergies and Novatek have signed a Memorandum of Understanding (MoU) to jointly work on sustainable reductions of the CO₂ emission resulting from the production of liquefied natural gas (LNG) including with the use of renewable power,…
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By Teddy Nwanunobi The African Petroleum Technology & Business Conference, Nigeria International Petroleum Summit (NIPS), has been postponed come up with an action plan for Africa’s oil and gas industry in the post-COVID-19 pandemic…
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