The Nigeria LNG Limited (NLNG) has announced that there is steady progress towards achieving Final Investment Decisions (FID) on Train 7 plus. The company stated this at the World LNG Summit in Portugal at the weekend. It said with the full support of its board, it is making steady progress towards achieving Final Investment Decision (FID) on its Train 7 … Read More

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria could make the most of her exemption from the oil production cuts agreed by member countries of OPEC and non-OPEC countries, by working hard to reduce the cost of producing a barrel of oil from her fields, THISDAY reports. Speaking in Vienna during the 173rd meeting … Read More

A London estate agent who appeared on the BBC’s Homes under the Hammer has been named in an investigation into alleged corruption by a former Nigerian oil minister known as ‘The Madam’. Court documents filed in the US allege King’s Cross estate agency, Daniel Ford, helped to buy millions of pounds worth of properties for Diezani Alison-Madueke in London. Daniel … Read More

An indigenous firm, Engineering Automation Technology Limited (EATECH), has decried  continuous breach of the Local Content Law by some International Oil Companies (OICs) in Nigeria, urging the Nigerian Content Development Monitoring Board (NCDMB) and the National Petroleum Investment Management Services (NAPIMS) to step up their regulatory and monitoring functions to protect local firms. EATECH’s Managing Director/Chief Executive, Mr. Emmanuel Okon, … Read More

According to the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, Nigeria’s gas production has reached seven billion cubic feet per day (cf/d), The Guardian reports. Baru, who made this disclosure in Lagos, during a Gas Roundtable organised by Nigerian Gas Association (NGA), noted that 1.2 billion cf/d of the total production is used for … Read More

A new report by PricewaterhouseCooper entitled, ‘The new nation builders: Creating the African national oil company of the future,’ has said that political involvement in the management of the Nigerian National Petroleum Corporation can lead to rapid turnover in key staff, creating difficulties in ability to execute strategic initiatives, The Punch reports. Noting that a proposed new Petroleum Industry Bill was … Read More

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government to settle all debts allegedly owed oil marketers to avert mass sack of workers in the sector. The union also believed that the payment would engender growth of not only the downstream sector but all sectors of the oil and gas industry and … Read More

Crude oil production freeze is now imminent for Nigeria, as the country’s oil production increased by 138,300 barrels per day (bpd) from the 1.723 million (bpd in July to 1.861million bpd, according to the latest report from the Organisation of the Petroleum Exporting Countries (OPEC). This has made the country to exceed its allocated crude oil production level by the … Read More

Poverty remains the most widespread disease across Africa. In Nigeria, despite that fact that we have a lot of money, poverty remains one of our biggest problems. We have been described as a rich nation whose people are poor. Because we have not been deploying the riches from our natural resources, mainly crude oil, towards the creation of wealth and … Read More

Nigerian National Petroleum Corporation, NNPC, and its upstream joint venture partner, ExxonMobil, are seeking new measures to expand existing operational portfolio to increase crude oil production and availability of gas for power generation. Group Managing Director, NNPC, Dr. Maikanti Baru, said this in Abuja after a meeting with a high-powered ExxonMobil delegation led by the Senior Vice President, Mr. Jack … Read More