NCDMB Parleys Chevron, To Fast-Track Approvals For Oil Industry Projects

NCDMB Parleys Chevron, To Fast-Track Approvals For Oil Industry Projects

The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to accelerated approvals of requests and documents submitted to it by operating oil and gas companies. According to NCDMB, the goal is to ensure speedy development of oil and gas...
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NNPC Settles PENGASSAN-Total Energies Rift, Restores Production of 275,000bopd

NNPC Settles PENGASSAN-Total Energies Rift, Restores Production of 275,000bopd

Following a peace deal brokered on Sunday by the Nigerian National Petroleum Company Limited, NNPCL, between the Management of Total Energies, operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Niger...
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<strong>Oil Theft: Presidential Panel Urges Stiffer Penalties</strong>

Oil Theft: Presidential Panel Urges Stiffer Penalties

The Federal Government’ Special Investigative Panel on Oil Theft/Losses has called for deliberate conversations to drive legal reforms that would provide stiffer penalties.  The Chairman of the Panel, retired Maj.-Gen. Barry Ndiomu, made the call in his...
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Oil Theft: NIMASA To Deploy Special Mission Aircraft

Oil Theft: NIMASA To Deploy Special Mission Aircraft

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has given assurances that two special mission aircrafts in the deep blue project fleet of the agency will be deployed to fight oil theft and protect...
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Oilserv Targets Takeover Of Moribund NNPC Pipelines 

Oilserv Targets Takeover Of Moribund NNPC Pipelines 

An indigenous Engineering Procurement and Contract (EPC) company, Oilserv Limited has concluded plans to bid for all moribund Nigerian National Petroleum Company (NNPC) pipeline distribution systems.  Group Chairman, Oilserv, Mr Emeka Okwuosa in an interv...
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Why Nigeria Is Unable To Meet OPEC Quota, By Sylva 

Why Nigeria Is Unable To Meet OPEC Quota, By Sylva 

Minister of State for Petroleum Resources, Chief Timipre Sylva, has attributed the inability of Nigeria to meet the Organisation of Petroleum Exporting Countries (OPEC) quota to lack of investments in oil and gas sector.  Nigeria’s OPEC quota is pegged ...
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Fidelity Bank Restates Support For CBN FX Repatriation Push, Sensitizes Customers In Non-Oil Exports Emerging Opportunities   

Fidelity Bank Restates Support For CBN FX Repatriation Push, Sensitizes Customers In Non-Oil Exports Emerging Opportunities   

Fidelity Bank Plc has reaffirmed its commitment to actively support the Central Bank of Nigeria’s (CBN) efforts to achieve its goal of $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years.  The Executive D...
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Anambra To Begin 13% Oil Derivation Earning From March

Anambra To Begin 13% Oil Derivation Earning From March

Anambra will begin to earn 13 per cent derivation in line with its status as an oil producing state from March, 2022, .  The State Governor, Willie Obiano disclosed this at a parley with journalists in Aguleri, Anambra East Local...
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Oil Sector: Upstream Commission Boss Assures Of Increased Investments

Oil Sector: Upstream Commission Boss Assures Of Increased Investments

The Federal Government is committed to shoring up the nation’s oil production quota and boosting investments in the upstream segment of the oil and gas industry, the Nigerian Upstream Regulatory Commission (NURC) Chief Executive Officer, Gbenga Komolafe has ...
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Nigeria In Talks With OPEC+, To Raise Quota

Nigeria In Talks With OPEC+, To Raise Quota

Nigeria is in talks with OPEC+ to raise its oil production quota to about 2.2 million barrels per day, the OPEC member’s petroleum minister told reporters on Tuesday in Dubai.“What we’re getting right now is 1.74 million barrel...
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Shell Begins One-Year Vocational Training For 40 Imo youths

Shell Begins One-Year Vocational Training For 40 Imo youths

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has commenced a one-year professional and vocational training for 40 youths from the SPDC Joint Venture host communities of the Assa North and Ohaji South gas project in Imo State.  “The....
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Attah Hands Over NLNG Key To Mshelbila

Attah Hands Over NLNG Key To Mshelbila

In his farewell remarks, Engr. Attah said, “I thank the staff and our partners who helped achieve our set goals. It was a collective success. I would like to see the five years as foundational. Earlier, the ambition of the...
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Shell, Firm To Build Largest LNG Bunker Barge

Shell, Firm To Build Largest LNG Bunker Barge

Florida-based marine solutions, transportation and logistics company, Crowley Maritime Corporation has signed a long-term time charter with Shell NA LNG for the building and operation of a new LNG bunker barge.  Under the arrangement, the 126.7-meter-long...
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Shell, Rights Group Disagree On Remediation Of Ikarama Spill Site

Shell, Rights Group Disagree On Remediation Of Ikarama Spill Site

Shell Petroleum Development Company (SPDC) and an Environmental Rights group, have disagreed on remediation of spilled sites at Ikarama community in Bayelsa State.  While the rights group, Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN...
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