Industry

Nigeria will from January 1, 2021 come under obligation to make terms of contracts entered into in the oil and gas, and solid minerals sectors available to citizens in line with a new standard by the Extractive Industries Transparency…
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The COVID-19 pandemic and the weak global economic outlook, coupled with fragile energy demand, has resulted in a decline in oil and gas prices, according to report by GlobalData. The nature of these circumstances, it said, has also…
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Nigeria spent N1.62 trillion to import Premium Motor Spirit, PMS, also known as petrol, between January and September 2020, according to data obtained from the National Bureau of Statistics, NBS. Ac cording to the NBS, in its…
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LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, has published its response to the received statement letter from the requisitioner, Metallon Corporation Limited (“Metallon”).…
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The Nigerian Content Development and Monitoring Board (NCDMB), has reinforced its commitment towards boosting local content with innovation in a bid to address local problems in the Nigerian oil and gas sector. The Board revealed that…
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The Ajaokuta-Kaduna-Kano, AKK, gas pipeline project will be completed and commissioned by the first *half of next year. Chairman, Oilserv Nigeria Limited, Engr Emeka Okwuosa, during an inspection of the project, said the project will…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the federal government was enforcing a monopolistic deregulation of the petroleum downstream sector instead of total exercise. The National Operations…
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Most of the issues listed against the Nigerian National Petroleum Corporation (NNPC) in past reports of the Nigeria Extractive Industries Transparency Initiative (NEITI) have either been fully resolved or are being addressed. The…
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-By Fred Ojiegbe Nigeria posted a marginal rig count increase of one in November, having recorded eight, as against seven recorded in October, latest data from the Organisation of Petroleum Exporting Countries, OPEC showed. This is…
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-By Gideon Osaka The much-awaited National Gas Expansion Programme (NGEP) and National Autogas Roll-out Initiative, a scheme with the ultimate target of replacing the use of petrol on cars, was recently launched by President Muhammadu…
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