Nigerians oil and gas professionals are replacing foreign expatriates in oil majors in Nigeria no thanks to covid-19. This is because most of the expatriates who travel back home because of the pandemic have not returned to Nigeria after the lockdown was eased and international flights were allowed into the country. This was disclosed by the Minister of State for ...

The Department of Petroleum Resources (DPR) has issued Licence to Establish (LTE) the first floating LNG production plant for the processing of 176MMcfd natural gas and condensate to UTM Offshore Limited, an indigenous oil and gas company at a presentation ceremony at the DPR headquarters in Abuja. The Director/CEO, DPR Sarki Auwalu while presenting the licence explained that the milestone ...

Oil prices rallied high at the first trading session of the week with Brent futures nearing $60 a barrel, boosted by supply cuts among OPEC+ members and hopes that the stimulus package in play at the world’s largest economy would see the light of the day. Brent crude traded at $59.95 a barrel thereby touching its one-year high. West Texas ...

…………Posts Crude Oil, Gas Export Sales of $108.84m…….., The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.43billion for the month of November 2020 up by 54% when compared to the ₦8.71billion surplus recorded in October 2020. This is contained in the November 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a ...

The Major Oil Marketers Association of Nigeria (MOMAN) says the Petroleum Industry Bill (PIB) should formally address issues between International Oil Companies and their host communities. Mr Tunji Oyebanji, Chairman, MOMAN said on Friday in Lagos that this would help to curb oil theft, pipeline vandalism and reduce the cost of crude oil production. Oyebanji noted that the recent Public ...

The Nigeria National Resource Charter (NNRC) has commended recent efforts by the National Assembly toward ensuring the passage into law of the protracted Petroleum Industry Bill (PIB). The NNRC, a non-profit policy institute that promotes effective management of natural resources for public good, made the commendation in a statement issued by its Programme Coordinator, Ms Tengi George-Ikoli on Friday in ...

The Nigerian Ports Authority (NPA) says it is expecting 20 ships laden with petroleum products, food items and other goods from Feb. 5 to Feb. 15. According to a publication by NPA called Shipping Position the ships are expected to arrive at the Lagos Port Complex. NPA added that the ships contained bulk sugar, bulk wheat, general cargo, frozen fish, ...

…………by Cyril Madu………. The federal government will allow the current successful bidders of the marginal oil field to pay in Nigeria naira equivalent of other currencies particularly the American dollars. This is a deviation from past bid rounds conducted by the Department of Petroleum Resources (DPR) in which investors are mandated to pay in foreign currencies. The Director/Chief Executive Officer, ...

The Nigeria Liquidified Natural Gas (NLNG) said it has generated about $108 billion since it started operation about 21 years ago. It also explained it had given out about $35 billion in dividends to shareholders. General Manager, External Relations and Sustainable Development of the NLNG, Mrs. Eyono Fatayi-Williams, stated these on behalf of the Managing Director of the company while ...

The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday said the construction of 2,000 barrels per day (bpd) modular refinery in Brass Bayelsa was underway. The modular refinery is the fourth to be supported by the NCDMB under the Federal Government’s plan to use modular refineries to drive the development of the Niger Delta region. The NCDMB had injected ...