News

The 5,000 barrels per day modular refinery being developed by Waltersmith Refining & Petrochemical Company Limited, with equity investment from the Nigerian Content Development and Monitoring Board (NCDMB), would be completed in May…
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The Nigerian National Petroleum Corporation (NNPC) recorded N174.62 billion from sale of petroleum products in March 2019. The figure is contained in the corporation’s Monthly Financial and Operations Report (MFOR) for March 2019. A…
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A Legal battle has begun to recover huge funds lost to alleged under-remittance and diversion of oil/gas royalties and taxes by some major oil companies. The Federal Government has sued four oil companies, accusing them of not being…
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An official of the Petroleum Authority of Uganda has commended the management of Department of Petroleum Resources (DPR)’s professional conducts in carryout its regulatory activities in the oil and gas industry. Mrs Betty Namubiru,…
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-By David Chukwu Operators in the real estate market are reporting improvements in demand for real estate products and services in the country with Abuja being at the centre of the potential boom. The reports of improvements in the…
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The world’s biggest semi-submersible crane vessel (SSCV) is set to blaze the trail when it enters into service in the coming months, armed with the strongest pair of revolving cranes for offshore oil, gas and renewable energy installation…
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-By Gideon Osaka World energy investment stabilised above $1.8 trillion in 2018, thereby ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy…
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-By Gideon Osaka There is every likelihood that global liquefied natural gas, LNG, market will experience boom in the next six years, Wood Mackenzie, a research and consultancy group stated. The group is of the view that capital…
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-By Yange Ikyaa The Programme Manager for the Nigeria Gas Flare Commercialization Programme (NGFCP), Mr. Justice Derefaka, recently disclosed that a market analysis carried on the NGFCP by the International Finance Corporation (IFC) of…
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-By Gideon Osaka, just back from Houston, Texas The much needed collaboration among indigenous oil companies in Nigeria may not happen if the Nigerian factor, a syndrome associated with individual capability, is not eliminated, so as to…
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