Industry

-By Fred Ojiegbe Over the past decade, the global oil industry has seen the heights of bullish optimism and seemingly limitless investments during the years of the $100 per barrel crude price beginning from 2011 to mid-2014, and the…
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-By Fred Ojiegbe Nigeria’s Minister of State for Petroleum Resources Chief Timipre Sylva early in the year declared 2020 as the year of gas for the country making it clear that gas development was as part of the government priority to…
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-By Fred Ojiegbe Unfazed by the headwinds in the oil and gas industry, the global oil community will gather once again in Abuja for the Nigeria International Petroleum Summit (NIPS). With full backing of the Federal Government of…
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Nigeria is set to increase its number six global ranking in gas production and first in Africa with the recent Final Investment Decision (FID) for the Nigerian Liquefied Natural Gas (NLNG) Train 7 project last December 27, in…
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Africa’s richest businessman, Aliko Dangote, has said his new refinery would create jobs for jobless Nigerian youths at completion. The Dangote Group CEO revealed the plan at a parley with the Lagos State governor, Babajide…
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The Federal Government has issued 45 licenses to private companies for the construction of refineries including modular refineries and as the licenses expire this year, many will fail to reach commissioning, analysis shows. All the…
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…Applauds NCDMB, Waltersmith for the 30,000 bpd modular refinery -By Benjamin Ike The Federal government has pledged its commitment to support indigenous petroleum production and refining in order to boost local refining capacity…
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-By Kenny Folarin The Managing Director of Lagos Deep Offshore Logistic Base LADOL, Dr. Amy Jadesim has said that her industrial base which is 100% indigenous economic zone has attracted Investors with USD 500 million into the Zone,…
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-By Gideon Osaka International oil companies and drone makers are collaborating to develop custom – made drones with data collection technology to obtain real-time insights, according to United Kingdom – based, GlobalData, a leading…
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-By Kehinde Folarin In furtherance of the quest to ensure transparency and accountability in the Extractive Industry, the Nigeria Extractive Industries Transparency Initiative (NEITI) penultimate Thursday unveiled the Beneficial…
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