Energy experts have said there is urgent need for President Muhammadu Buhari to sign the recently passed Petroleum Industry Governance Bill (PIGB) to prevent continued loss of $15b investment yearly. Speaking in Abuja, yesterday, on the annual conference of Nigerian Read More
Government activates national oil spill contingency plan
Oil. PHOTO: Karen Bleier / AFP The Federal Government and oil firm, Nigeria Agip Oil Company (NAOC) have concluded arrangement to carry out activation of National Oil Spill Contingency Plan (NOSCP) as agreed by the stakeholders. Similar exercises took Read More
Construction of gas extraction plant to kick-off in Rivers
Oil and Gas industry. PHOTO:AFP The Department of Petroleum Resources (DPR) has approved the construction of a 12MMSCFD capacity Liquefied Petroleum Gas (LPG) extraction plant in Rivers State. The plant, owned by Green Energy International Limited, operator of the Otakikpo Marginal Field in Read More
Nigeria upstages Angola in crude oil production
The Minister of State for Pretroleum Resources Emmanuel Ibe Kachikwu PHOTO: TWITTER/NNPC Nigeria has steadily overtaken Angola as the top oil and gas producer in Africa, with an increased out put of 91,500 barrels per day (bpd) in February 2018. Read More
BEDC partners Operation Thunderstorm to tackle vandals
BEDC-official Benin Electricity Distribution Plc. (BEDC) has partnered with a security agency – ‘Operation Thunderstorm’ in Benin; a Nigerian army outfit set up in support of civil authorities to maintain law and order in Edo State to stop the activities of Read More
NNPC delivers 828 mmscfd of gas to power plants in one month
The Minister of State for Pretroleum Resources Emmanuel Ibe Kachikwu PHOTO: TWITTER/NNPC Nigerian National Petroleum Corporation (NNPC) delivered 828 million metric standard cubic feet per day (mmscfd) to gas fired power plants to generate an average power of about 3,342 Read More
Full implementation of local content as solution to unemployment
Executive Secretary, Simbi Wabote of NCDMB The Nigerian Content Development Monitoring Board (NCDMB) has identified the full implementation of the Local Content policies as solutions to unemployment in Nigeria. The Executive Secretary, NCDMB, Engr. Simbi Wabote made this assertion last Read More
Thousands of jobs at risk as oil firms, workers’ crisis worsens
Oil. PHOTO: FinancialTribune There are indications that thousands of jobs may be lost as the confrontation between Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and petroleum industry service firms worsens. Leaders of the Petroleum Technology Association of Nigeria Read More
Mart Oil launches brand identity
Charles Odita. PHOTO: YouTube Mart Umusadege Resources Nigeria Limited (MURNL) has launched a new logo. The move became necessary, following its 100 per cent acquisition by Midwestern Oil and Gas, the parent company of the erstwhile tripartite partnership. Prior to Read More