Industry

-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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...Nigeria’s natural gas will support renewables —Expert -By Gideon Osaka Global gas demand is set to come under pressure from breakthrough investment in renewables, energy storage in the power sector, efficiency improvement and…
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-By Fred Ojiegbe They N5 per litre slash in the price of Premium Motor Spirit (PMS) also known as petrol by the Federal Government, which came into effect on Monday, December 14, 2020, has not gone down well with Oil marketers and Depot…
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...Bonga, Zabazaba, other deepwater projects to delay further -By Fred Ojiegbe No significant projects are expected to be approved or come online in Nigeia in 2021, due to the COVID-19 pandemic and the subsequent global crude oil…
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-By Gideon Osaka Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to official data released by the National Bureau of Statistics. Nigeria, often…
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Companies interested in the Nigerian National Petroleum Corporation, NNPC, direct-sale-direct-purchase, DSDP, contracts are expected to register interest by December 22 and have until January 21 to submit necessary documents. The…
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• Eight leading energy companies have jointly developed and agreed Principles as a collaborative platform for energy transition.• Joint collaborative approach welcomed by investors leading engagement with companies across sector through…
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…Appoints EITI Implementation Programme Manager In keeping with its resolve to deepen its compliance with the transparency standards dictated by the Extractive Industries Transparency Initiative (EITI) as a Supporting Company, the…
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Brentex Petroleum Services Ltd/China Petroleum Pipeline Engineering Co Ltd (CPP), one of the consortia executing Federal Government’s Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project has pledged to deliver the project on schedule and within…
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