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The President of the Women in Energy Network (WEIN), Mrs Funmi Ogbue has said on Monday that the delays in the passage of the Petroleum Industry Bill (PIB) has led to uncertainties in Nigeria’s Oil and gas industry. She said that the current sector framework is ineffective, citing regulatory overlaps in responsibilities., “The expedient passage of and purposeful implementation of ...

by Jennifer Dike…………. The  Former Minister of State for Petroleum Resources, Edmund Daukoru now heads Nigeria Liquefied Natural Gas (NLNG) Limited Board of Directors as the Chairman. President Muhammadu Buhari approved the reconstitution of the Nigeria representatives on the Board of NLNG and appointed Daukoru to be chairman.  A memo signed by the Minister of State for Petroleum Resources, Timipre Sylva ...

by James Ikenna…………. The price of crude oil slide down by about 2 percent as OPEC+ plans relaxing its cut from 9.7 to 7.7 million barrel per day. This move to relax cut is expected to be part of the agenda as OPEC convenes a technical meeting Wednesday this week. In anticipation for relaxing production cuts, the price of crude ...

by Abisoye Shola…….. The Management of Saipem Contracting Nigeria may have revised it’s decision to give the fabrication project of the Nigerian Liquefied Natural Gas (NLNG) Train 7 project to LADOL Offshore Logistics yard at Snake Island in Lagos State. This turn around decision is not unconnected to the dust raised by the Niger Delta youth over their concern that ...

Our client, an independent oil and gas operator with head office in Lagos and field operations in Delta and Rivers state respectively is currently recruiting suitably qualified candidates to fill the position below: Job Title: Project Manager – LNG Train (Expat or Nigerian) Location: Lekki, Lagos, NigeriaJob Type: Full-time Job Description Position reports to managementManage various departments, Engineering, project control, construction, ...

One of the biggest pipeline projects to be executed in Nigeria is the Obiafu/Obrikom to Oben Node Gas Transmission Pipeline System which forms part of the Nigerian Gas Master Plan. Following on its heels is the recently launched Ajeokuta-Kaduna-Kano (AKK) gas pipeline project. Both projects are being executed by the same contractor, Oilserv Limited, an indigenous integrated engineering, procurement, construction, ...

The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja announced an increase of 19.14 per cent in the average daily natural gas supply to power plants which translates to 788millon standard cubic feet of gas per day (mmscfd), equivalent to power generation of 2,873MW. The NNPC, in a statement by its Group General Manager, Group Public Affairs Division, Dr. Kennie ...

by Musa Ibrahim…………. The Minister of State for Petroleum Resources, Timipre Sylva, said that the role of the Federal government in the periodic price monitoring and regulation of the Premium Motor Spirit (PMS) was to ensure that this strategic commodity was not priced arbitrarily by private sector suppliers. According to him, though the market forces will determine the price of ...

by James Ikenna……………. Petrogress Inc. (PIL) is seeking expansion opportunities in oil reserves and exploration in Nigeria and West Africa. The multinational oil and gas company investment interest include operating and developing natural gas production and transmission facilities along with LPG processing plant. Petrogress is also into maritime and also owns and operates a fleet of tankers. The company is ...

The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture. The incident, which occurred on Tuesday during the installation of a ladder on a platform (Benin River Valve Station) for access during discharging of Gbetiokun production, unfortunately caused ...