Category: Oil & Gas
NPDC targets 600mmscf/d of gas supply to domestic market
The managing director of NPDC, Engineer Mansur Sambo, made this known during a facility tour of the company’s Oredo Gas Handling Plant by the NNPC Group Managing Director, Mallam Mele Kyari, in Benin City, Edo State.
PIB Passage will attract investments, develop energy sector —Neconde Energy Head of Gas Ventures, Chichi Emenike
Emenike stressed further that the speedy passage of the PIB will encourage more investors in the oil and gas space to see Nigeria as a choice investment destination where their stakes will be protected.
Is this the beginning of the end of oil and gas exploration?
In previous energy downturns, prices frequently experienced serious slumps, but oil and gas companies mostly kept faith in their biggest asset: Oil and gas reserves buried deep in the ground. But things are markedly different this time around.
Tension as Taiwan detains Chinese oil tanker over illegal entry
The incident is likely to fuel already substantial tension between China and Taiwan after China expanded its military and navy activity around the breakaway island in the last few months. The expansion coincided with the action taken by Taiwan to distance itself from the mainland further, first by renaming its air carrier—previously called China Airlines—and then by highlighting “Taiwan” on local citizens’ passports, CNBC reported earlier this month.
Environmental due diligence essential for refinery assets
A well-structured due diligence process will identify conditions that affect the value of assets, and therefore, inform the negotiation and drafting of the agreement.
Gas is the future of energy development in Nigeria, says Kyari
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that gas is the future of energy development in Nigeria.
No going back on petrol subsidy removal, says Sylva
According to him, deregulation means that the government will no longer continue to be the main supplier of petroleum products but will encourage the private sector to take over the role of supplier of the products.
Libya lifts Force Majeure on all oil exports
“Our infrastructure has suffered lasting damage, and our focus now must be on maintenance and securing a budget for the work to be done. We also must take steps to ensure Libya’s oil production is never again held to ransom,” Sanalla added.
Over 600 firms bid for Nigeria’s 57 marginal oilfields —DPR
“If you are making a bid or auctioning any oil field, you need to get 10 people per field really going after the field. We have 57 fields and we have over 600 companies. So we can say that we are celebrating success so far.
Illegal $1.05bn withdrawals: Reps to investigate NLNG, NNPC
Consequently, the House mandated its Committee on Public Accounts to “invite the management of the NNPC as well as that of the NLNG, to conduct a thorough investigation on activities that have taken place on the dividends account and report back to the House in four weeks.”