Oil & Gas

Oil & Gas

Oil and gas industry needs to step up climate efforts now - WEF

Olusola Bello Jan 30, 2020

Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Fossil fuels...

Oil & Gas

Ex-Police Official fails to corroborate major corruption claim against oil majors in Malabu trial

Segun Adams Jan 29, 2020

Isaac Eke, a retired high-ranking police official, said to be a key witness to the distribution of money from the...

Oil & Gas

Nigeria’s non-oil exports plunge, adding to government's headache

Lucky Nwanekwu Jan 29, 2020

Nigeria’s non-export receipts are declining and it is a worrying development for the government especially in the midst of falling crude oil prices...

Oil & Gas

Can gas save Nigeria’s manufacturing sector?

Isaac Anyaogu Jan 28, 2020

There is an estimated 7,923 trillion cubic feet (tcf) of total world proven reserves of natural gas according to the...

Oil & Gas

CardinalStone expects oil marketers to face further cost pressures in 2020

Oladehinde Oladipo Jan 28, 2020

CardinalStone Partners Limited, an investment banking group has said Nigeria’s oil marketers may have to endure another calendar year of...

Oil & Gas

NLNG signs Sale and Purchase Agreement with Eni

Isaac Anyaogu Jan 27, 2020

Nigeria LNG Limited (NLNG) and Eni have signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG’s Trains...

Oil & Gas

IPMAN threatens strike over non-supply of kerosene to NNPC Calabar depot

Mike Abang Jan 26, 2020

The Independent Marketers Association of Nigeria, (IPMAN), Cross River State chapter has explained that the Union threatened to embark on an...

Oil & Gas

Nigeria Says Official Got Bag of Cash from ‘Sham’ Energy Firm

Lucky Nwanekwu Jan 25, 2020

Nigeria is alleging that suspicious payments were made to officials involved in the award of a 20-year gas supply contract...

Oil & Gas

Sylva inaugurates National Gas Committee

Oladehinde Oladipo Jan 24, 2020

The Honorable Minister of State for Petroleum Resources, Timipre Sylva has inaugurated the National Gas Expansion Programme Committee to steer...

Oil & Gas

FG must speed up planned partnership with OEMs on refineries - experts

Harrison Edeh Jan 23, 2020

Federal Government must speed up it’d planned engagement with the Original Equipment Manufacturers of the Nigerian refineries as frequent loss...

Oil & Gas

NLNG strikes sales contract deal with Total for 10 years

Olusola Bello Jan 22, 2020

Nigeria LNG Limited (NLNG) and Total Gas & Power (TGP)  on Wednesday signed a LNG Sale and Purchase Agreement (SPA)...

Oil & Gas

How Ambrose Ovbiebo has transformed a one-vessel company to an emerging marine logistic force

Oladehinde Oladipo Jan 22, 2020

After years of neglect and policy inconsistency that has stagnated the logistic sector, Ambrose Ovbiebo, the CEO of Tamrose Ventures...

Oil & Gas

SAIPEC conference to attract global operators in oil and gas

Olusola Bello Jan 22, 2020

Global oil and gas industry will converge in Lagos to discuss issues of global concerns, as the Sub-Saharan African International...

Oil & Gas

NCDMB, Waltersmith to support Equatorial Guinea on modular refinery development

Olusola Bello Jan 22, 2020

The Nigerian Content Development and Monitoring Board (NCDMB) and Waltersmith Petroleum Oil Limited will assist Equatorial Guinea to develop modular...

Oil & Gas

Nigerian oil rigs slide to 17, OPEC records plus 12

Oladehinde Oladipo Jan 21, 2020

 Nigeria ended the year 2019 on a slightly negative note as its rig count witnessed a decrease to 17 as...