The Nigerian National Petroleum Corporation (NNPC) has disclosed that the volume of oil deposits Nigeria holds declined by 2.16 per cent between 2018 and 2019 and is now 36.89 barrels (bbls). As reported In NNPC’s Annual Statistical Bulletin (ASB) for 2019 which was obtained by THISDAY, the corporation noted that, While the country’s oil deposit […]

The Department of Petroleum Resources (DPR) has affirmed the suitability of the 5,000 barrels per day (bpd) Waltersmith Modular Refinery project for refining operations. The Director of DPR, Sarki Auwalu, during a pre-commissioning visit to the project site located in Ibigwe, Imo State said that the purpose of the visit is to make sure that […]

The Nigerian Content Development and Monitoring Board (NCDMB) and key organisations in the oil and gas industry -the Petroleum Technology Association of Nigeria (PETAN), Petroleum Contractors Trade Section (PCTS), Oil Producers Trade Section (OPTS) and the Nigeria LNG Ltd have advised against increasing the percentage of the Nigerian Content Development Fund (NCDF) from the current […]

Sarki Auwalu, Director, Department of Petroleum Resources says Nigeria’s target of 40 billion barrels oil condensate reserve by 2025 is realistic and achievable. He says this is so, with the policies and programmes being implemented by the Federal Government. The News Agency of Nigeria reports that Auwalu spoke on Saturday at the Society of Petroleum […]

The Nigerian Content Development and Monitoring Board (NCDMB) has commended Total Exploration and Production Nigeria (TEPNG) and Pipe Coaters Nigeria (PCN) Limited for the local content strides being recorded on the Total Ikike Line Pipe Coating Project, which is ongoing at PCN facility in Onne Free Trade Zone, River State. The Executive Secretary of NCDMB, […]

A Nigeria private petrochemical agro-giantcompany Indorama Petrochemical and Fertilizer Plants Company have invested over $3billion in Nigeria economic sector with a further plan to invest over $6billion in no due time. This was disclosed by country’s Minister of State for Petroleum Resources, Chief Timipreye Sylva during a ministerial tour to the company’s facilities recently in […]

Maersk Supply Service a Danish offshore vessel giant has announced that the company won a mooring line replacement contract in West Africa Nigerian shore. Though the net worth value of the contract and the its client is still emains undisclosed, but Maersk Maker vessel is being presently deployed to perform a supporting job in a […]

The Executive Secretary, Nigerian Content Development and Monitoring Board, (NCDMB), Engr. Simbi Kesiye Wabote has flagged off the training of 30 Trainees for the maiden American Society for Non-Destructive Testing, (ASNT) Level III Training and Certification in Nigeria. The Executive Secretary was represented at the ceremony in Port Harcourt, Rivers State on Monday by the […]

The Executive Secretary, Nigerian Content Development and Monitoring Board, (NCDMB), Engr. Simbi Kesiye Wabote has flagged off the training of 30 Trainees for the maiden American Society for Non-Destructive Testing, (ASNT) Level III Training and Certification in Nigeria. The Executive Secretary was represented at the ceremony in Port Harcourt, Rivers State on Monday by the […]

Shell – is next in line after AP, Chevron – has decided to part with part of its workforce in order to launch its restructuring and its switch to cleaner energy production. This decision is primarily part of the efforts to reorganize the company’s activities. With a view to restructuring its activities over the next 30 […]