A Nigeria based drilling contractor Shelf, has announced the award of two new jack-up rigs contracts in West Africa. According to Shelf Drilling, the contracts are secured for the Shelf Drilling Mentor covering 10 wells and an estimated duration of 450 days in direct continuation of the rig’s current campaign in Nigeria with a contract […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), which are governed by unrestricted free market forces, as provided for in the Petroleum Industry Act (PIA), 2021. Speaking on TVC News’ “Journalists’ Hangout” show […]

As part of efforts to boost the participation of indigenous firms in the gas sector, Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo today paid a visit to LEE Engineering and Construction Company Ltd ultra modern state-of-the-art fabrication yard in Warri, Delta State. Rt. Hon. Ekperikpe Ekpo made this disclosure through his official […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is strengthening its partnership with USAID Power Africa to advance energy transition and environmental decarbonization efforts. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, welcomed a delegation from USAID Power Africa to the NUPRC headquarters in Jabi, Abuja. During the high-level meeting, Engr. […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a strategic partnership with an Argentinian Tech Company, Galileo towards reduction of Gas flaring within the Nigerian Oil and Gas Industry. The collaboration aims to leverage on innovative modular technology to support the Nigerian Gas Flare Commercialization Program (NGFCP). Accompanied by the Argentinian Charge’ d’ Affairs […]

The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday constituted a Joint Working Team (JWT) with the Gas Aggregator Company Nigeria (GACN) Limited on gas utilization and commercialization. Speaking at the inauguration at the Board’s liaison office in Abuja, the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, acknowledged the correlation between the mandates of […]

FrazEnergy Limited a subsidiary of Oilserv Limited a pipeline infrastructural development company has announced its partnership with Galileo Technologies of Argentina to build a gas processing plant in Kwale Delta State Nigeria. With this unprecedented investment stride, FrazEnergy is expected to unlock about 5mmscf natural gas into the Nigeria market through their plan This massive […]

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Monday in Abuja hailed the Presidential Directive on Local Content Compliance Requirements as crucial for enhanced competitiveness and mitigation of risks in regard to unqualified contractors, just as he unveiled five focal areas for implementation of the policy initiative. The […]

…Calls for Collaboration to Reduce Production Cost In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry.  Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, disclosed this in a keynote address at the opening […]

 …Says Everyone Has Role to Play in Derisking Sector to Attract Investors The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for the establishment of more local institutions in Nigeria and Africa with capacity to provide funding for energy projects to tackle energy poverty. The call was made by the Chief Financial Officer of […]