Industry

…WIEN backs move, seeks support -By Gideon Osaka The Nigerian Content Development and Monitoring Board (NCDMB) has inaugurated a Diversity Sectorial Working Group as well as a Fund for women practitioners in the oil and gas sector. …
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-By Fred Ojiegbe The world liquefied natural gas, LNG industry is about to face its first seasonal demand reduction since 2012, with demand in summer 2020 expected to fall 2.7 percent or 3 million tonnes year-on-year, Wood Mackenzie…
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-By Benjamin Ike Prior to the advent of the current administration in 2015, the level of secrecy associated with the operations of the Nigerian National Petroleum Corporation (NNPC) presumably encouraged high corruption, performance…
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-By Gideon Osaka The news of deregulating Nigeria’s petroleum sector and completely removing fuel subsidy has been greeted by mixed reactions especially from stakeholders in the industry. Stakeholders believe that the deregulation of…
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-By Fred Ojiegbe There is much anxiety and cautious optimism over the passage of the much-awaited petroleum industry governance bill (PIGB) as the month of June comes to an end. This is based on promises made by government officials…
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-By Fred Ojiegbe Global upstream spending is expected to reach $383 billion this year, the lowest level in 15 years and a staggering 29 percent decrease of $156 billion compared to 2019, Rystad Energy analysis shows following…
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President Muhammadu Buhari on Tuesday affirmed the Nigerian government's commitment to ensure timely delivery of the landmark Abuja-Kaduna-Kano Gas (AKK) pipeline project within budgetary allocation and specifications. Speaking at the…
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*989 thousand tons of petroleum products transferred to partners Emirates Transport announced the transportation of more than 989 thousand tons of petroleum products within the framework of the transportation services it provides to…
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NNPC publishes audited accounts for first time in four decadesBefore now the company has been dogged by allegations of graft and mismanagement Nigeria’s powerful state oil company, whose finances and operations have been shrouded in…
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Deutsche Bank Luxembourg S.A. has completed a landmark US$3 billion Export Credit Agency (ECA)-backed hybrid corporate financing for Nigeria LNG Limited (NLNG) to develop the NLNG Train-7 Project, Global Legal Chronicle reported on…
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