A new chapter in human capital development (HCD) for enhanced local content implementation in the hydrocarbons subsector began on Tuesday with the inauguration of an Oil and Gas Sector Skills Council and launch of National Occupational Standards (NOS) Project. Recommended by the Education and Training Sector Working Group of the Nigerian Content Consultative Forum (NCCF), […]

Nigeria has shown a committed interest in withdrawing civil claims totaling $1.1 billion against Italian energy group Eni as related to allegations of corruption in dealing with oil well licensing in the country, Bloomberg News reported recently. According to the report as obtained from our source, Nigeria justice ministry is expected to waive the claims before […]

Africa Oil and Gas has stated in its recent Q3 2023 operations update  that the Nigeria OML 127 has been voluntarily converted to operate under the new Petroleum Industry Act from March 1, 2023, and is now subject to 30% Corporate Income Tax regime compared to the previous 50% Petroleum Profit Tax regime. Meanwhile OML […]

As Nigeria seek for sufficient crude oil production to salvage her domestic refineries consumption and industrial stakeholder calling for all encompassing efforts to forestall unforeseen shortage in supply, the recent OPEC release as placed Nigeria in a top spot of being the current crude oil producer in Africa ahead of its competitor Angola. According to […]

The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned that Nigeria might resort to importing crude oil for its upcoming and existing refineries if concerted efforts are not made to increase the current low production numbers. He gave the warning in his goodwill message at the 41st Annual […]

The Rural Electrification Agency (REA) the commissioning of Nigeria’s first Interconnected Hybrid Solar Mini-Grid in the Toto community of Nasarawa State, scheduled for tomorrow, November 9, 2023. This event marks a significant advancement in the nation’s pursuit of universal electricity access and sustainable energy solutions. In a robust collaboration with Powergen Nigeria Limited and Abuja […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and all relevant stakeholders in the Reconciliation Committee set up by President Bola Ahmed Tinubu to investigate, review and reconcile the financial records on alleged indebtedness to the Federation by both NNPC Ltd. and the […]

The NNPC/Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at the ongoing Argus European […]

The management of Heritage Energy Operational Services Limited (HEOSL) and other indigenous oil and gas companies have been advised to adopt strict corporate governance guidelines in their operations if they want their firmsto grow sustainably. The companies were equally encouraged to comply with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude in the international market leading to a dip in demand from the once-dependable Asian market at the onset of hostilities in the Eastern bloc. Maryamu Idris, Executive Director, Crude & Condensate, NNPC […]