PGS a global survey firm, providing seismic images and 3D data describing the subsurface beneath the ocean floor that oil companies rely on to find oil and gas reserves worldwide has announced that More than 3 500 sq. km of new PGS broadband reprocessed MultiClient data is now available in the West Niger Delta Basin, […]

The Department of Petroleum Resources has said more investors are showing interest in establishing modular refineries in the country following the deregulation of petrol. The Director, DPR, Mr Sarki Auwalu, was quoted in a statement he made recently, disclosing that an additional seven modular refineries were already at various levels of completion. “By 2022, Nigeria […]

The Nigeria Petroleum Regulatory body Department of Petroleum Resources (DPR), has said it will continue to use its regulatory instruments to enhance revenue collection for the Federal Government. These instruments, via which the Department as a revenue collection agency of government has remitted $1.03billion to Federation Account from oil and gas royalties and legacy debts […]

The establishment of another modular refinery in Edo state of Nigeria is expected to increase crude oil production from 6,000 barrels per day (bpd) to 60,000 bpd. The project is being developed by two Chinese firms; AIPCC Energy Limited, Peiyang Chemical Equipment Company Limited (PCC). and African Infrastructure Partners Limited In preparation for the commencement […]

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally as Project Reshape and expected to […]

The Nigeria Government has applauded Waltersmith Petroman Oil Limited and the Nigerian Content Development and Monitoring Board (NCDMB) for their effective partnership that led to the record completion of the Waltersmith 5000 barrels per day modular refinery within two years.  The Honourable Minister of Information and Culture, Chief Lai Mohammed conveyed the  commendation on recently after touring the project facilities  at Ibigwe, Imo State, Nigeria in the company of the Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote.  The construction of the 5000bpd modular refinery was […]

Nigeria Government asked a court in Milan to order Royal Dutch Shell and Eni to pay the sum of $1.092 billion as an immediate advance payment for damages in the Malabu oil scandal, one of the oil industry’s biggest-ever corruption scandals. During the hearing into the corruption allegation linked to the acquisition of the OPL […]

Zenith Energy Ltd, the listed international oil & gas production company, is pleased to announce that it has successfully pre-qualified in the 2020 Marginal Field Bid Round organised by the Nigerian Department of Petroleum Resources. As announced on June 16, 2020, the Company is participating in the 2020 Bid Round in the capacity of technical and financial partner to […]

Total E&P Nigeria Limited (TEPNG) has commended the forthcoming approval of Nigeria’s Petroleum Industry Bill (PIB) with high optimism that it will open the door for new investments into the country’s oil and gas industry. “[Total] is keen to continue to invest in Nigeria and to contribute constructively to the ongoing debate about the Petroleum […]

The Nation’s Department of Petroleum Resources (DPR) says with five built refinery plants across the country and seven in the making, Nigeria will be a net exporter of petroleum products in the next two years. The Director and Chief Executive Officer of DPR, Sarki Auwalu disclosed this in Lagos when the Minister of Information and Culture, […]