Oil & Gas

Tanzania Signs Agreement With UAE’s ENOC To Addres

Wednesday, February 1, 2023
Tanzanian authorities have signed a Memorandum of Understanding (MoU) with a United Arab Emirates (UAE) firm, Emirates National Oil Company Group (ENOC) for the construction of infrastructure to receive and store petroleum products. The deal was brokered on Saturday between the Tanzanian ...

‘We’re Winning Against Oil Theft’ – OPDS

Wednesday, February 1, 2023
The joint military task force operating in the Niger Delta region with the codename Operation Delta Safe, OPDS says they are winning the war against crude oil theft and militancy in the region. The Commander, 16 Brigade, Nigerian Army, Sector 2, OPDS, Brigadier General Sadisu Yakasai, disclosed t ...

Sylva Engages Investors At Invest In African Energy

Tuesday, January 24, 2023
Timipre Sylva, the Minister of State for Petroleum Resources of Nigeria, will be attending the African Energy Chamber-organized Invest in African Energy Reception in London on January 26. The African Energy Chamber (AEC) is proud to announce that Timipre Sylva, Minister of State for Petroleum Res ...

FG Reviews Petrol Price Upwards By N10

Thursday, January 19, 2023
In a bid to cushion the negative impact of high operating cost on the availability of Premium Motor Spirit across the country, the Federal Government has approved an upward review of N10 on the retail price of petrol. The approval, reportedly was given by the Nigerian Midstream and Downstream Pet ...

Nigeria- New Commitment to Exterminate Gas Flare

Friday, January 13, 2023
Nigeria is a gas-rich country with about 209 Trillion Cubic Feet (TCF) of gas reserves, according to figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as of January 2022. The country ranks 9th in global gas production. While the country has been making efforts to deepen d ...

Development Of Nigerian Content Beyond The Borders

Friday, January 6, 2023
Nigerian Content: Sailing Beyond Borders The Nigerian Oil and Gas Industry Content Development (NOGICD) Act was enacted in 2010 to deepen indigenous capacity and promote domiciliation of skills in-country. Following the enactment of the Act, numerous opportunities have been created for Niger ...

FG Setup Major Plans For Oil Firms' Production

Thursday, December 22, 2022
The Federal Government, on Tuesday, said it was working to ensure that all local and international oil companies returned to full capacity production of crude oil in Nigeria. Major oil producers in Nigeria have drastically cut down on crude oil production due to the widespread vandalism of pipeli ...

Nigeria Production Increase As OPEC Retains Demand Outlook

Wednesday, December 14, 2022
Nigeria, last month, ramped up production, albeit marginally, by 171,000 barrels according to OPEC data, even though the cartel rsquo;s crude oil production in November, fell by an average of 744,000 barrels per day. Also, the Organisation of the Petroleum Exporting Countries (OPEC) yesterday, le ...

Fg Projects 1.8 Million Barrels Production May 2023

Tuesday, December 6, 2022
On Monday, the Federal Government, said it would continue to work hard to meet its Organisation of Petroleum Exporting Countries crude oil production quota of 1.8 million barrels per day by the end of May 2023. Minister of State for Petroleum Resources, Chief Timipre Sylva, disclosed this a day a ...

Barely Two Weeks After Inauguration, Bauchi, Gombe Fight Over Kolmani Oil Wells 

Monday, December 5, 2022
Latest reports emerging have established that Bauchi and Gombe States have begun to claim ownership of the oil fields discovered in the northern part of the country. This is coming barely two weeks after President Muhammadu Buhari inaugurated the first crude oil exploration in the two states. ...
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