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*Why DPR extended application by one week*Petroleum ministry expects over 500 applications Although Nigeria had put up 57 marginal oil fields for its next bid rounds, over 300 applications have been received, SweetcrudeReports can…
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Oil prices are set to fluctuate around the $40 mark for the foreseeable future as there is too much downside risk for them to move much higherAll eyes should be on Iraq this week as it puts forward a plan to achieve full compliance to the…
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Russia’s Rosatom State Corporation says it has signed Memoranda of Understanding (MoU) with Framatome SAS, France and GE Steam Power in the framework of the strategic investor selection procedure for the Belene Nuclear Power Plant (NPP) in…
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The Nigerian Maritime Administration and Safety Agency (NIMASA) said it is projecting to generate up to N1billion in revenue per month from its multimillion-dollar floating dockyard, which is currently idling away in Lagos. The…
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The Marginal Field Bid Round of 2003 produced some indigenous operators in Nigeria’s oil and gas upstream space. At present, there are more than 10 indigenous oil companies producing while some have metamorphosed from marginal field into…
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The Management of Ibadan Electricity company Plc (IBEDC), has expressed concern over incessant cases of vandalism across its network. Its Chief Operating Officer, Mr. John Ayodele expressed this displeasure in a statement on Friday. …
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Nigeria LNG Limited (NLNG) today donated medical equipment to the Lagos State Government as part of its contribution to the US$30 million Oil and Gas Industry Collaborative Initiative, spearheaded by Nigerian National Petroleum Corporation…
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The Nigerian National Petroleum Corporation (NNPC) says it is exploring for oil and gas in Wase and Kanam Local government areas of Plateau state. The NNPC said the two local government area which part of upper middle Benue Trough has oil…
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The Department of Petroleum Resources (DPR), is Nigeria’s oil industry regulator with primary responsibility of ensuring compliance in petroleum regulation guidelines. Recently, the Director of DPR, Engr. Sarki Auwalu, made a…
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…Petroleum to remain relevant in the next 30 to 40 years …Nigeria has highest personnel cost in the oil industry …There will be massive investment in gas in 2020 The Nigerian National Petroleum Corporation (NNPC) has the highest…
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