The Nigerian Content Development and Monitoring Board (NCDMB) and the Anti-Corruption Agency of Nigeria (ACAN) recently concluded a three-day sensitization workshop on “Achieving Zero-tolerance for Corruption in the Workplace,” with staff educated on the types and potential consequences of corruption as well as appropriate safeguards. Declaring the workshop open on Day 1, the Executive Secretary […]

In order to stop the alternate resort to truck crude production from oilfield OML 18 owing to incessant vandalism of the export route by pipeline vandal, the operators of the oilfield has resulted to construct an alternate subsea crude oil transportation pipeline. The plan to invest in such capital intensive project instead of the conventional […]

Indigenous oil and gas companies must instill principles of corporate governance in their operations if they are to grow and achieve sustainability, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has said. Speaking virtually on Friday at the ceremony marking the rebranding of the Niger Delta Exploration […]

The prevailing uproar generated by the recent fuel subsidy removal by the Nigeria current administration of President Ahmed Bola Tinubu is gradually attracting possible and sustainable ways of cushioning the draconian effect of fuel hike in the country.  One of the possible avenues of cushioning this harsh effect of fuel hike on the citizenry is […]

TGS-Petrodata said it has secured a Petroleum Exploration License (PEL) with support from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for the commencement of the Awele South 3D multi-client survey offshore Nigeria. This project was previously announced at the TGS Capital Markets Day on 7 March 2023. “TGS-Petrodata has an extensive multi-client data library in […]

In addition to the recent Bonga contract extension in Nigeria, Valaris said that the company has been awarded a 12-well contract offshore West Africa for drillship VALARIS DS-7, which will be reactivated for this contract. The Company also announced that it is increasing its 2023 share repurchase target from $150 million to $200 million. The […]

The crucial highlights and meaningful contributions of the global energy stakeholders at the just concluded NOG Energy Week 2023 recently held in Abuja, Nigeria should not be deliberated without placing special emphasis on the seasoned and all encompassing address made by the Organization Petroleum Exporting Countries (OPEC) Secretary General H.E Haitham Al Ghais. Highlighting his […]

Repair work on Nigeria’s suspended Forcados crude oil terminal is expected to be complete by early next week, a shipping source told Reuters. Shell (SHEL.L) suspended loadings of the medium sweet grade over two weeks ago, citing a potential leak at the export terminal. Sources had told Reuters that exports of the grade – which […]

The crucial highlights and meaningful contributions of the global energy stakeholders at the just concluded NOG Energy Week 2023 recently held in Abuja, Nigeria should not be bared or deliberated without placing special emphasis on the reasoned and all encompassing address made by the Organization Petroleum Exporting Countries (OPEC) Secretary General H.E Haitham Al Ghais. […]

As part of its sustained effort to raise awareness on the Nigerian Oil and Gas Industry Content Development (NOGICD) Act among critical stakeholders in the oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB) held a one-day sensitisation workshop for members of the Bench and the Bar in the Rivers State capital, […]