by Ben Ndubuwa………….. The move by Nigerian to diversify her energy sources and reduce dependence on refined petroleum products particularly Premium Motor Spirit (PMS), Automotive Gas Oil (AGO) and HHK-kerosene has led the federal government to embark on various alternative energy development program . This alternative energy development program has among other things given birth to the National Gas Expansion ...
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NNPC Gains Traction Reduces JVC Debt by $3 Billion
by James Ikenna………. The Nigeria National Petroleum Corporation (NNPC), has said that it has gained traction and reduced it’s JVC cash call arrears/debt from $5 billion in 2015 to over $2 billion in five years.This NNPC attributed to the efficient business plan put in place by the corporation.Speaking today at the Nigeria Association of Petroleum Explorationists (NAPE) 45th Anniversary lecture ...
Read More »Microsoft And Halliburton Are Building The Oilfield Of The Future
The oilfield has historically been a place where brawny men, and mighty machines came together to bore holes deeply into the earth to wrest stores of oil and gas from the depths. This model, which developed over many decades of exploration and production activity carried huge costs, particularly as the focus of this activity moved into more and more inaccessible ...
Read More »Institutional and Governance Reforms Key to Diversification of the Oil Sector- Prof. Iledare
by James Ikenna……………. Institutional and Governance Reformes have been identified as two key factors that will enable the Petroleum industry be more impactful in the nation’s econmy as these will engender investment and diversification. Speaking at the webinar hosted by Emmanuel Egbogah Legacy titled “Petroleum Industry Reform: Key to Diversification of Nigeria Economy” Professor Wumi Iledare said that diversification will ...
Read More »APPO Moves HQ to Congo and Shifts Talkshop
by James Ikenna……….,….. The Ministerial Council of African Petroleum Producers’ Organization (APPO) has moved to it’s permanent headquarters to Congo, Brazaville and shifted their planned conferences to next year 2021 because of the restriction occasioned by the global pandemic. The Organisation came out with these far reaching decisions after concluded its 38th Session on Monday 15th June 2020. The Ministerial ...
Read More »Webinar: Financial Energy Review X-Rays the Petroleum Downstream Post Covid-19.
by Jenifer Dike…,…………. Over the years the oil and gas industry has gone through crisis after crisis, but it has been able to recover and reinvent itself through innovations. Therefore as the world unlocks it’s doors for businesses post COVID-19, one of the major factors to be considered in doing businesses is the new normal brought about by the current ...
Read More »NAPE: Nigerian Oil Companies yet to Mitigate $3 Billion Bank Debts-Avuru
The Chief Executive Officer (CEO) of Seplat Petroleum Plc, Dr. Austin Avuru has said that operators in the Nigerian oil and gas sector are owing banks about $3 billion debts that are yet to be mitigated. Avuru said this Wednesday, at the Nigerian Association of Explorationists (NAPE) second Webinar series, title “The New Normal Post Covid-19 for the Oil and ...
Read More »NAPE Holds Webinar on the New Normal Post Covid-19.
by Ben Ndubuwa……, The Nigerian Association of Petroleum Explorationists (NAPE) is to hold another online Seminar titled ” The New Normal Post Covid-19 for the Oil and Gas sector in Nigeria.” The Webinar comes up this week, Wednesday, May 27, 2020. The Seminar will take a look at what the future holds for the oil and gas sector amidst shrinking ...
Read More »World Petroleum Congress Shifted to December, 2021
by Jenifer Dike………. The organisers of the World Petroleum Congress (WPC) have cited health and safety issues as part of reasons for shifting the event to next year December, 2021. The event which is only held every three years, has not been held in North America since 1987, when Houston was also the host city. The venue and host city, ...
Read More »Covid-19: NAPE Seeks Safety of Oil Workers
The Nigerian Association of Petroleum Explorationists (NAPE) is to hold an online Seminar on how to ensure the safety of oil workers during this pandemic. The Webinar comes up this week, Wednesday, April 29. The Seminar will also explore opportunities that will help reposition the oil and gas industry post coronavirus pandemic. The online Seminar is titled “Impact of COVID-19 ...
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