Industry

-By Fred Ojiegbe The African Energy Chamber has appointed its highest-level advisory committee to serve on local content matters and support capacity building across the continent. Local Content Committee members are part of the…
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-By Danlami Nasir Isah The Nigerian Content Development and Monitoring Board (NCDMB) recently received the implementation report on the school-based deworming programme it sponsored in Adamawa, Borno and Yobe States through the Aisha…
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-By Gideon Osaka The Nigerian economy has always thrived with huge revenue generated from the oil sector. It is said that revenues from oil sector accounts for over 70% of the country’s foreign exchange earnings. However, with the…
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-By Gideon Osaka There are fears that global exploration and production, E&P expenditures will decline 27 per cent in 2020, a 3,000-bps (basis point) turnaround from the 2 per cent increase in spending anticipated in December. …
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-By Gideon Osaka The Organisation of Petroleum Exporting Countries plus, OPEC+ is set to ease deep production cuts in August without hurting the rally in oil prices. The group plans to gradually open the taps next month, adding at…
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-By Gideon Osaka Nigeria’s rig count for the month of June increased by one having recorded nine as against eight recorded in May. This is coming at a time the Organisation of Petroleum Exporting Countries, OPEC posted a minus 18 rig…
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An indigenous oil service company, Ezion Geber Energy, has been appointed to officially represent Norwegian firm Connector Subsea Solutions (CSS) contracted to support current offshore projects in Nigeria. Announcing the collaboration…
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The Nigerian National Petroleum Corporation, NNPC, Thursday, said it has concluded plans to rehabilitate and build new plants, as all the four refineries are currently down, thus forcing the government to import petroleum products from the…
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Nigeria’s highest and unacceptable crude oil production cost comes from indigenous oil firms, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, said on Thursday. Kyari, who said this during a Seplat…
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Last year was a “pivotal year” for Savannah Energy, the company has said announcing its 2019 preliminary results, as revenues flowed from its Nigerian portfolio. Savannah reported $16.9 million of gas sales and $0.9mn of liquids sales…
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