Industry

NCDMB can’t advocate for 100% local content now – Wabote -By Teddy Nwanunobi A Milan-based company, Saipem, has been alleged to be sabotaging the Nigerian Local Content (NLC) Act in the construction of the $7 billion Nigerian…
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-By Fred Ojiegbe Nigeria’s rig count for the month of March witnessed reduction by one, having recorded six as against seven recorded in February, data from the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market…
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By Teddy Nwanunobi ADM Energy has completed its acquisition of a controlling interest in a Risk Sharing Agreement for the development of the large-scale Barracuda field in OML 141, it announced on Wednesday. Valuechain …
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By Teddy Nwanunobi Total has signed a Technical Collaboration Agreement (TCA) with Siemens Energy to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction…
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By Teddy Nwanunobi The Federal Government has expressed confidence that Nigeria’s economy would reap so much value from the new deal the Nigerian National Petroleum Corporation (NNPC) entered into with its partner, Sterling Oil…
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Chief Timipre Sylva, Honourable Minister of State for Petroleum Resources has been awarded the Gas Decade personality award by the Oil and Gas Trainers Association of Nigeria, OGTAN, courtesy of the Minister’s lead role in…
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By Teddy Nwanunobi NIPCO Plc has been commended by the Minister of State for Petroleum Resources, Chief Timipre Sylva, for its commitment to the development of requisite infrastructure to enhance effective utilisation of the nation’s…
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By Teddy Nwanunobi The House of Representatives has resolved to set up an ad hoc committee to ‘investigate the gas flare volume reported by the Nigerian government and the NOSDRA Gas Flare Tracker’, with the specific purpose of…
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By Teddy Nwanunobi The latest report from the Nigerian National Petroleum Corporation (NNPC) reveals that Nigeria’s four refineries lost a combined total sum of N177.21 billion for being idle from July 2019 to January 2021. …
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The Nigerian National Petroleum Corporation, NNPC has blamed loss of N177 billion from the refineries on efforts at “revamping”. The loss, according to the Nigerian National Petroleum Corporation, NNPC’s monthly report, was incurred…
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