Browsing Category
Oil & Gas
Inside details on 6 oil bloc licences revoked by DPR
More reasons have emerged as to why Nigeria’s Department of Petroleum Resources (DPR) decided to revoke five oil mining licences (OML) and one oil prospecting licence (OPL) belonging to five…
Angola’s new 6-year licensing rounds position it ahead of Nigeria
Angola’s two-year-old oil reforms have entered a new stage thanks to its launch of the first phase of a brand new six-year oil licensing strategy making it Africa’s hottest oil and gas…
Shell boosts domestic gas distribution across Nigeria
Shell Nigeria Gas (SNG), has increased its gas distribution capacity by over 150% following the safe completion of its second gas train, the Agbara-Ota Capacity Increase Project. The world…
DPR confirms revocation of six oil block licenses over ‘legacy debts’
Twenty-nine days after BusinessDay reported that the Federal Government had revoked six oil blocks, Nigeria’s Department of Petroleum Resources (DPR) finally issued a statement Thursday,…
FG’s impending revenue challenges present opportunity to review PSCs
Concerns over Nigeria’s revenue and budget implementation challenges are deepening and some analysts have said that the sale of and proceeds from the government’s Joint Venture (JV) assets…
Why gas supply to domestic market remains a challenge
The supplier of gas in a market dominated by export is not likely to supply to a domestic market at a price less than Export Parity Price (EPP) because the marginal incremental cost of…
WED 2019: How Chevron shows commitment to safe environment
The World Environment Day (WED), which takes place annually on June 5 is the biggest event to celebrate and promote environmental awareness and sustainability across the globe.Established by…
OPEC says declining US market share trend continued in 2018, Nigeria worse hit
OPEC saw its market share in North America fall last year, with shipments to the region declining by 12.6% to just over 2.813 million b/d as US shale output helped transform the world’s…
NNPC still dithering 3 years after entering pre-listing mode
Three years after envisioning to list on the Nigerian Stock Exchange (NSE), state-owned Nigeria National Petroleum Corporation (NNPC) has not made headway in this direction and the plan to…
Let’s face it. Petroleum subsidy is not going away anytime soon
Just few days ago, as the 8th National Assembly were winding down, the senate approved the sum of N129 billion ($422 million) payment to cover debts to local oil firms related to a fuel…