Industry

The Federal Government has said it is expecting most of the marginal fields, which investors bid for in the recently concluded bid round, will achieve first oil starting from next year. According to Punch report, the Director/Chief…
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A number of refineries in Africa have been offline, either following maintenance as Zambia’s Indeni, or due to a lack of crude supply as Ghana’s Tema. Two refineries in South Africa also remain offline — Engen’s Durban and the Cape Town…
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By Teddy Nwanunobi Kano State Governor, Dr. Abdullahi Umar Ganduje, has declared that the Ajaokuta, Kaduna Kano (AKK) Gas Pipeline Project will change the face of the state. Ganduje, who is confident of the Federal Government’s…
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Nigeria signed an accord with some of the world’s largest oil companies that could unlock billions of dollars of investment in an offshore oil field. The Nigerian National Petroleum Corp. concluded agreements on Tuesday with Royal Dutch…
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Decklar Resources Inc, has completed a first closing of the Company’s previously announced unit offering for total gross proceeds of approximately CAD $10,000,000. The company disclosed that funds from this financing will be used to…
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Nigeria’s quest for massive indigenous participation in the nation’s oil and gas industry has received a boost as Pacegate Energy and Resources Limited (PEARL), launched an ultra-modern manufacturing plant where drilling chemicals,…
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…Deal to Yield Over $780million in Immediate Revenues to Government The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners - Shell Nigeria Exploration and Production Company (SNEPCo), Total…
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The Nigerian Content Development and Monitoring Board (NCDMB) said on Tuesday that it had committed a total of $332million under its commercial ventures partnership programme with a view to attracting project developments in-country valued…
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· NCDMB promises two additional modular refineries · NNPC woos potential investors By Teddy Nwanunobi The Minister of…
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The Department of Petroleum Resources (DPR) has charged stakeholders in the African oil and gas industry to rise to the challenge of harnessing the over 125 billion barrels oil reserve and 625 trillion cubit feet (tcf) of natural gas…
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