Industry

The Nigerian Agip Oil Company (NAOC) on Wednesday confirmed an oil leak from its Idu oilfields at Egbebiri settlement within Biseni in Yenagoa Local Government Area in Bayelsa, resulting in its shutdown. The cause of the leakage,…
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By Teddy Nwanunobi The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has declared that the 2021 edition of the biennial Nigerian Oil and Gas Opportunity Fair (NOGOF) "promises…
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Pursuant to enhancing fuel production in Nigeria, the KBR Inc. has announced that it has been awarded a contract to complete the Front-End Engineering Design (FEED) for BUA Group’s new, modern refinery facility in Nigeria, Valuechain…
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The Nigerian Content Development and Monitoring Board, NCDMB, has expressed optimism that the Nigerian Liquefied Natural Gas, NLNG, Train 7, construction would kick off this May despite delays prompted by insistence of the Board that 50…
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Analysts yesterday threw their weights behind the recent recommendation by the Presidential Economic Advisory Council (PEAC) to President Muhammadu Buhari for an end to fuel subsidy. They said in separate interviews with THISDAY that…
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-By Saidu Abubakar The Nigerian Content Development and Monitoring Board (NCDMB) is set to host the 2021 edition of its Nigerian Oil and Gas Opportunity Fair (NOGOF) from the 25 to 26 of May 2021. The event, themed “Leveraging…
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By Teddy Nwanunobi The Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) is a replication of the Offshore Technology Conference (OTC) in the African continent, Founder of Petroleum Technology Association of…
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By Teddy Nwanunobi Newly installed Chief Executive Officer (CEO) of Heirs Oil & Gas, Mr. Osayande Igiehon, has resumed office with a promise to use his wealth of experience in the industry to put the company on a sound pedestal…
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By Teddy Nwanunobi Nigeria’s oil production has fallen by 30 per cent in the last four years, from 2.041 million barrels per day (mbpd) in 2017 to 1.423mbpd in 2020. The figure, however, excludes the 2020 condensate production,…
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By Teddy Nwanunobi The duo of the Nigerian National Petroleum Corporation (NNPC) and Nigerian Agip Oil Company (NAOC) lost 400,000 barrels of crude oil in February due to the outbreak of the Coronavirus (COVID-19) Pandemic at Abo…
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