The Nigerian Gas Association (NGA), the leading advocacy organisation for the country’s Natural Gas Industry has honoured Dr Jackson Gaius Obaseki, founding father of the Association and former Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) and others at its 20th anniversary. NGA at the event reemphasized its relevance in the nation’s economic growth and energy optimization.    ...

Total E&P Nigeria Staff Multipurpose Co-operative Society Limited has secured 20,000Sq.m of land at the prestigious Eko Atlantic City. Located in the Victoria Island axis of Lagos State, Eko Atlantic City is being constructed on land reclaimed from the Atlantic Ocean. Upon completion, the new peninsula is anticipating at least 250,000 residents and a daily flow of 150,000 commuters. Already, ...

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has stated that the 650, 000 per day capacity Dangote Refinery and Petrochemical Plant, which is under construction, will be a success story that is coming out of Nigeria. The minister also pledged the support of the federal government to Dangote Group to ensure the completion of the facility. Sylvia ...

…Reaffirms Commitment to Safety In furtherance of the transparency agenda of the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, the corporation has publicly opened bids from 14 companies for the financing and redevelopment of Oil Mining Lease (OML) 119 OML 119 is operated by the upstream subsidiary of the corporation, the Nigerian Petroleum Development ...

Royal Dutch Shell Plc, the parent company of Shell Nigeria has reported third-quarter earnings on a current cost of supplies basis, excluding identified items, of $4.8 billion, up from $3.5 billion in this year’s second quarter, and down from $5.6 billion in third-quarter 2018. These earnings by Shell worldwide, reflect lower realized oil, LNG, and natural gas prices, as well ...

 By John Meze              Nigeria’s crude oil reserve, which would have been its fail-save during periods of down-turn in the oil and gas  industry, has been depleting due to the  failure of the country to encourage exploration and production which in-turn would have been boosting its reserves. According to Andrew Obaje, former Director of the country’s Department of ...

The recent announcement by the Nigeria National Petroleum Corporation (NNPC) that it has discovered oil and gas in commercial quantity in Gombe, the North East part of Nigeria is not the last to be heard of new discoveries of hydrocarbon deposits in Nigeria. Another oil and gas is now confirmed to be in commercial quantity in Bida, the North central ...

The U.S.-Nigeria Trade Council has kicked against the Federal Government move to take another $3 billion loan for the power sector saying that the country “can’t afford it any longer” giving the nation already existing debt profile.  Reacting to the proposed $3billion power sector loan from the World Bank, the council explained that revenues and existing debt burden of over ...

The Nigerian Association of Petroleum Explorationists (NAPE) has announced that its flagship Annual Conference and Exhibition (AICE) will hold on November 17 -21, 2019. This year’s AICE is the 37th edition with the theme “Expanding Nigeria’s Petroleum Landscape: Digitalization, Innovation and Emerging New Technologies”. The President of NAPE, Ajibola Oyebamiji, said in a press conference that this year’s conference will ...

There are strong indications that the coast is now clear for Oando Plc to buy into Port Harcourt Refinery with over $5 billion as the company makes another move to negotiation with the federal government and complete the deal this time around. It can be recalled that between 2014 and 2015 Oando made similar move to take over the refinery ...