President Muhammadu Buhari has recently commissioned the new headquarters building of the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State, with a pledge to spend more on infrastructure across the country and focus on finishing projects delivered by local contractors and technology that create jobs for thousands of Nigerians. The President commissioned […]

The Federal Government has commenced feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which would cater for the maintenance and repair services of cargo vessels, oil tankers, and LNG carriers. The Minister of State for Petroleum Resources, Chief Timipre chaired the project’s kick-off meeting on Thursday and stated that it […]

The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to working with relevant partners and stakeholders in the Oil and Gas Sector to boost delivery of gas to the domestic market.  The Group Managing Director of NNPC, Mallam Mele Kyari, made the commitment recently at the launch of the Nigerian Gas Transportation Network Code […]

Nigerian National Petroleum Company NNPC in its recent post, has thrown open bid for interested investors to overhaul the nation’s long overdue pipelines and depots serving three oil refineries. The three refineries situated in the nation major cities- Port Harcourt, Warri and Kaduna were built decades ago and are linked to these pipeline network for […]

BW Offshore has announced the release of offshore workers kidnapped from an FPSO offshore Nigeria onboard FPSO sendje Berge in an armed pirate attack in July. On 2 July 2020, at approximately 4:20 am local time, BW Offshore’s FPSO Sendje Berge was subject to an attack by pirates offshore Nigeria in which nine Nigerian nationals […]

The Nigerian National Petroleum Corporation (NNPC) regrets to announce the demise of its former Group Managing Director (GMD), Dr. Joseph Thlama Dawha.  Dr. Dawha, died after a brief illness, NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru stated in a release today. The release said NNPC Group Managing Director, Mallam Mele Kyari, […]

The Nigerian National Petroleum Corporation (NNPC), said it has signed a Head of terms (HoT) agreement with China National Offshore Oil Corporation(CNOOC) and an indigenous oil production firm —South Atlantic Petroleum (SAPETRO). This now stands as a preliminary agreement to end a dispute with two energy companies over oil exports, signaling a move toward resolving […]

Nigerian National Petroleum Corporation, NNPC, and First Exploration & Petroleum Development Company Limited, First E&P, have announced the arrival of the Abigail-Joseph Floating Production Storage and Offloading, FPSO, unit to the shores of Nigeria.  In a statement obtained by Vanguard Maritime Report, weekend, First E&P said prior to her sail-away, the FPSO underwent upgrade, refurbishment and life extension […]

The Nigerian National Petroleum Corporation (NNPC) has signed a $1.5 billion prepayment deal led by Standard Chartered (STAN.L) and backed by oil traders Vitol Group and Matrix Energy, two sources close to the matter said, the first such agreement since the coronavirus pandemic. The deal provides OPEC-member Nigeria with much-needed cash after its finances were […]

According to information available to Reuters, the Italian prosecutor has asked for Eni and Shell to be fined and some of their former and current executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over an alleged corruption scheme related to licence OPL 245 in Nigeria. The prosecutors alleged that Eni and […]