Monthly Archives: April 2018

NNPC, NCDMB collaboration to shorten contracting cycle – Kachikwu

  The Nigerian National Petroleum Corporation and the Nigerian Content Development and Monitoring Board will start using a one-stop shop arrangement before the end of this year for reviewing and approving oil and gas projects and contracts in a bid to shorten the industry’s contracting cycle, The Punch reports.   A statement on Friday by […]

Baru, Orjiako, Peterside, Other to Discuss Future of Nigerian Oil and Gas Sector at OTC

  The Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru, Managing Director, Nigerian Liquefied Natural Gas, Mr. Tony Attah and Chairman, Seplat Petroleum Development Company, Dr. A B C Orjiako are among the oil and gas industry experts to speak at this year’s Offshore Technology Conference (OTC) holding at Houston, Texas from […]

NNPC’s subsidiary to produce largest share of oil daily

  Nigerian Petroleum Development Company (NPDC), a subsidy of the Nigerian National Petroleum Corporation (NNPC) will push daily production of crude oil to half a million barrels, emerging as the country’s leading producer, Group Managing Director of the corporation, Maikanti Baru said yesterday.   The company currently produces about 230 thousand barrel per day of […]

NOGASA to Commence Downstream Petroleum Operations Nationwide

The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has unveiled plans to commence operations in Nigeria’s downstream petroleum sector.   Speaking to journalists shortly after the board of trustees of NOGASA met recently in Abuja, the secretary to the board, Mr. Eddy Nwosu, stated that that the association would work to support its […]

Rising oil price pushes petrol landing cost higher …NNPC to spend more on subsidy

  The expected open market price of Premium Motor Spirit (petrol) being imported into Nigeria may have risen above N190 as crude oil price climbed towards a four-year high of $75 per barrel.   As of March 20, 2018, when the international benchmark for oil prices, Brent, traded around $66 per barrel, the EOMP of […]

Analysis: The Leakages In Nigeria’s Oil Production Sharing Contracts

Since the Germans began drilling for bitumen in parts of the earth’s crust that make up the territory known as Nigeria in the beginnings of the 20th century, foreign interests have always held up the pillars of petroleum exploration around here.   In 1938, Royal Dutch Shel, a company of varying European nationalities, had a […]

Natural oil, gas suppliers reorganises, to boost downstream operations

The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) says it has put machinery in motion to commence operation across the country.     Gas The Secretary to the Board of Trustee of NOGASA, Chief Eddy Nwosu told journalists in Abuja shortly after the board met that the association would now work to support […]

Nigeria’s LPG sector to record $10bn growth in 8 years — NLPGA

  PRESIDENT of the Nigeria Liquefied Petroleum Gas Association, NLPGA, Mr. Nuhu Yakubu, has predicted the nation’s LPG sector to record $10 billion growth in the next eight years.     Oil pipeline In an interview with newsmen in Lagos, Yakubu, said: “Across the entire LPG value chain in the country, we are projecting a […]

Forex, oil price volatility top 2018 business risks — KPMG

  KPMG Nigeria has said  that Foreign Exchange (Forex) and crude oil price volatility are among the top ten risks for Nigerian businesses in 2018, even as the nation’s business environment shows encouraging signs of improvement through resurgence in consumer confidence and moderating inflation.   The audit firm made this known during the launch of […]