The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reiterated its commitment to tackle oil spills in oil and gas sector in fulfillment of its regulatory mandate as enshrined in Petroleum Industry Act 2021. Mr Gbenga Komolafe, NUPRC Chief Executive in…
Nigerian Gas Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has, in partnership with Transit Gas Nigeria Limited, signed the Engineering, Procurement, Construction and Commissioning contract for the building of a small-scale liquefied natural gas plant in Ajaokuta,…
The KEFFES Rural Development Foundation (KRDF) on Friday suspended three chiefs over their alleged role in a botched effort to derail the group. Chief Christopher Tuduo, an Ex-officio member, who announced the suspension said the action was in accordance with…
…Achieved 42% Nigerian Content The Nigerian Oil and Gas Industry spent approximately $20.4billion between 2016 and 2020, particularly in key areas such as Engineering, Procurement, Fabrication, Project Management, and Services. Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr.…
Industry leaders have drawn recovery plans to unlock Africa’s lubricant market potentials at the South-Africa International Lubricants Conference. In a bid to increase awareness of the lubricants market while connecting manufacturers with key stakeholders, the International Lubricants Conference (ILC) provided…
The Federal Government has come up with a new Domestic Base Price (DBP) framework which will be applied to gas sector with the desire to crash the increasing rates being witnessed on daily basis. The Federal Government is working to…
Chevron Corp. has boosted its planned share buyback to as much as $5 billion per year, as the firm uses higher commodities prices to step up returns to investors rather than investing in production growth. The repurchases are now seen at $3 billion to $5 billion…
Uncertainty about immediate containment of the Omicron variant of the coronavirus has compelled Morgan Stanley to slash its Brent price forecast for the first quarter of 2022 to $82.50 a barrel from $95 per barrel expected earlier. Oil prices dropped by more than 11…
TotalEnergies Nigeria, Shell Companies in Nigeria, Chevron Nigeria Ltd., and ENI Companies in Nigeria have pledged to support the development of Nigeria’s gas resources. The International Oil Companies (IOCs) made the pledge on Tuesday during a panel session at the…
The Managing Director, Shell Petroleum Development Company (SPDC), Mr Osagie Okunbor, on Tuesday said that local content in the Nigerian oil and gas sector has grown tremendously in the past decade. Okunbor made the assessment while giving an oil and…
