Industry

...Importation set to drop as price crash looms  -By Eddy Ochigbo & Gideon Osaka Liquefied Petroleum Gas (LPG) also called cooking gas, is set to be flooded to the domestic market with an additional 240,000 metric tons per annum…
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-By Fred Ojiegbe Oil and gas revenue will continue to be the fulcrum for economic development of the country, President Muhammadu Buhari has stated. The President stated this at the virtual inauguration of the National Oil and Gas…
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The Nigerian Content Development and Monitoring Board (NCDMB), is intending to make Kano a hub and center for media activities, to project and promote ongoing youths empowerment programmes, initiated by the Board in the North-west…
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-By Fred Ojiegbe As security in the oil and gas industry continues to raise concerns among stakeholders, Dublin, Ireland – based Research and Markets reports that the global oil and gas security and service market size is expected to…
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-By Fred Ojiegbe The International Energy Agency, IEA, has urged oil companies and policy makers to take strong action against a rebound in methane emissions as the global economy recovers from the Covid-19 crisis. Emissions of the…
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-By Gideon Osaka Nigeria’s oil and gas sector remains the livewire of the country’s economy as it still operates a mono-economy while making efforts to diversify. In addition, Nigeria stands as the world’s 10th largest gas reserves…
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-By Gideon Osaka December 2020, the last month of the year was not pleasant for many oil producing nations, as Nigeria had minus one in its rig count, having recorded seven, as against eight recorded in November, while the Organisation…
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...Nigeria imports 100 per cent of its methanol The Minister of State for Petroleum Resources, Timipre Sylva, says the upcoming integrated methanol and gas project would create 30, 000 direct and indirect jobs in the country. Mr…
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…As Partner Take FID on Project The Nigerian National Petroleum Corporation (NNPC) says it would do everything within its powers to ensure the timeous completion of the $3.6bn Integrated Gas Processing and Methanol Plant in Odioma,…
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Tenaris has delivered its final shipment of coated pipes for Total’s ultra-fast track Ikike Project, located approximately 20km offshore the Nigerian Coast, in the Gulf of Guinea. The scope included 28km of 12” seamless line pipe,…
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