Tag Archive

NLNG, NCDMB to sign $1bn Train 7 Project Nigerian Content Plan

NLNG, NCDMB to sign $1bn Train 7 Project Nigerian Content Plan

March 22, 2019 No Comments

The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited (NLNG) will on Friday in Abuja sign the Nigerian Content Plan (NCP) for NLNG’s Train 7 project, estimated to cost $1bn. The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote and the Managing Director of NLNG, Engr. Tony Attah met at the […]

NNPC Starts Rehabilitation of Port Harcourt Refinery

NNPC Starts Rehabilitation of Port Harcourt Refinery

March 22, 2019 No Comments

Nigeria’s effort at ensuring local sufficiency in refined petroleum products was bolstered Thursday with the formal commencement of the first phase of the rehabilitation of the 210,000 barrels per day capacity Port Harcourt Refinery complex that comprises the 60,000 barrels per day old Refinery built in 1965 and the 150,000 barrels per day, new Refinery, […]

Rise for Bayelsa Campaign

Rise for Bayelsa Campaign

March 22, 2019 No Comments

Bayelsa State governor, Seriake Dickson has accused multinational oil companies operating in the Niger Delta of funding “terrorism, criminality and breakdown of law and order.” He alleged that oil pipeline surveillance contracts awarded by the oil firms were foundational to the security threats in the region. In a statement issued on Thursday, Dickson’s Special Adviser […]

Nigerian Government takes over oil well from Shell

Nigerian Government takes over oil well from Shell

March 14, 2019 No Comments

President, Mohammadu Buhari has said that with effect from 2019, existing oil licensees will not be renewed by the Federal Government of Nigeria and its Public Corporations. No reason has so far been given for this development, but sources within the Presidency reportedly revealed that the move is in keeping with this electioneering campaign promises, […]

US imports of Nigerian crude falls by 43%

US imports of Nigerian crude falls by 43%

March 13, 2019 No Comments

The United States (US) cut its imports of Nigerian crude oil by 48.87 million barrels or 43 per cent in 2018, according to the latest data released by the Energy Information Administration. US imports of Nigerian crude fell from 148.48 million barrels in 2012 to 87.40 million barrels in 2013 on the back of the […]

NNPC to Woo Foreign Investors at CERA Week, Houston

NNPC to Woo Foreign Investors at CERA Week, Houston

March 13, 2019 No Comments

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, will on Wednesday address foreign investors at the CERAWeek, an international energy conference taking place in Houston, United States. Dr. Baru, who will speak during a Special Session entitled “Africa: Foundations for New Investment”, will be joined by some African petroleum […]

NNPC to Build, Fertilizer Plants in Bayelsa State

NNPC to Build, Fertilizer Plants in Bayelsa State

March 7, 2019 No Comments

The Nigerian National Petroleum Corporation (NNPC) has expressed its preparedness to build additional Independent Power Plants (IPP) in Abuja, Kaduna and Kano which is expected to add 4,0000 megawatts of power to stabilize the national grid. The National Oil Company also disclosed that it would construct a Fertilizer Project in Brass, Bayelsa State. Chief Financial […]

AITEO updates on fire accident in Nigeria

AITEO updates on fire accident in Nigeria

March 5, 2019 No Comments

The Niger River Delta Nembe Creek No. 7 oil wells (Nembe Creek Well 7) near the (Nigerian Bayelsa state Mile 1 A suspected explosion occurred behind the Community. Despite the difficulties at the beginning, our action team was able to reach the wellhead area after the fire was completely extinguished in the early hours of […]

Akaso-15 Well Completed

Akaso-15 Well Completed

March 1, 2019 No Comments

San Leon Energy plc, announced on 10 December 2018 that Eroton, the operator of the OML 18 licence, onshore Nigeria, was preparing to spud the new well OSMU-1 in the Akaso field. The Company is pleased to announce that the Akaso-15 well (known as OSMU-1 prior to completion) has been drilled and completed, and connection […]

Investors Urged to Utilize Nigeria’s $48bn Oil & Gas Investment Opportunities

Investors Urged to Utilize Nigeria’s $48bn Oil & Gas Investment Opportunities

March 1, 2019 No Comments

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has called on investors to utilize the over $48billion investment opportunities available in the upcoming capital projects within Nigeria’s Oil and Gas Industry. He made this call while speaking at a Panel Session on the topic “Insights on Future Exploration Hotspots: […]

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