Dickson: Bayelsa Has 30% of Nigeria’s Gas Reserves

  The Governor of Bayelsa State, Mr Seriake Dickson, said wednesday that the state alone retains 30 per cent of Nigeria’s gas reserves, arguing that Bayelsa could become the Houston of Africa if the federal government gave the needed support.     A statement by the governor’s Chief Press Secretary, Francis Agbo, noted that Dickson […]

Local content policy implementation and political influence in Nigeria oil and gas industry

  The Nigerian Oil and Gas Industry Content (NOGIC) Act was signed in April 2010 by the administration of Goodluck Jonathan with the aim to boost indigenous capacity through implementation of 30 per cent retention of oil and gas projects in the country. However, eight years after, many indigenous operators have success stories to share […]

Force IOCs to build refineries, PENGASSAN tells FG

  The Petroleum and Natural Gas Senior Staff Association of Nigeria on Tuesday asked the Federal Government to make it mandatory for international oil companies operating in the country to build refineries.   In his May Day 2018 message, PENGASSAN’s President, Olabode Johnson, said there should be a legal framework that would compel the IOCs […]

Niger Delta crisis still a major challenge in oil production – Avuru

  Austin  Avuru is the Chief Executive Officer, Seplat Petroleum Development Company Plc. He spoke to journalists on the company’s corporate governance policy, vision and recent elevation by the Nigerian bourse. STANLEY OPARA was there   With oil prices looking up thus far this year and volumes stabilised, what should investors expect from Seplat by […]

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 […]

Nigeria’s president: ‘I can’t tell the US what to do’ on crude oil

The Nigerian president said Monday that he can’t force the U.S. to buy its crude oil after the boom in U.S. shale oil production has drastically reduced the need for it.   “I can’t tell the U.S. what to do,” Nigerian President Muhammadu Buhari said at a joint press conference with President Trump at the […]

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 […]