The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention Fund from US$200 million to US$350 million. The enlargement of the Fund by US$150 million was part of the decisions taken at the recent NCDMB Governing Council meeting, which held virtually on June 16, […]

The Department of Petroleum Resources (DPR) the Nigeria petroleum regulatory body has proclaimed that over 600 companies have indicated interest in ongoing prequalified exercise of 57 marginal oilfields bidding round in Nigeria. This was recently disclosed by Mr. Auwalu Sarki, the country’s Director of DPR. According to Mr Sarki, Nigeria last marginal field bid round was […]

Atlas Petroleum International An exploration, Production Company and marginal oilfield operator in Nigeria has started production from its prolific oil block OML 109. The recent resumption of workover and intervention activities on the oilfield since it was awarded to the company in 29 years ago is for the development of Ejubele marginal oilfield. The block […]

In a recent Malabu oil scandal court proceedings  in Italy, an Italian prosecutor has proclaimed that the Oil majors Eni and Royal Dutch Shell were aware that most of the money they spent to buy a Nigerian oilfield in 2011 would eventually end up in the hands of  corrupt  politicians and officials,. “They were kickbacks. […]

Nigeria President Muhammadu Buhari  has flagged off the construction of $2.8 billion Ajaokuta-Kaduna-Kano (AKK) pipeline, this has invaluably set the pace for total economic gas revolution in the country. A consortium of indigenous and international engineering firms are slated to construct the 614-kilometer gas pipeline which will be a future energy link to north African […]

 Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration and development company focused on sub-Sahara Africa has announced that it has entered into agreements for a £700,000 common share placing with three investors at 0.3 Pence per common share .The Company has entered into a non-brokered subscription agreement with an Investor for £500,000 […]

Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian LNG Limited has recently held the kick-off meeting of the Engineering, Procurement and Construction (EPC) components of   The $7.6n LNG Train 7  project..The august event was held virtually and this had provided enabling environment for NCDMB key officials to clarify some technical details relating to […]

The Nigerian Content Development and Monitoring Board (NCDMB) in partnership with Learners Support Consultancy Company has called for submissions from innovators, technologists and other young science enthusiasts to the Nigerian Oil and Gas Technology (NOGTECH) programme. The NCDMB initiative is the first-ever technology hackathon in the Nigerian Oil and Gas industry and is aimed at […]

The Nigeria National Petroleum Corporation (NNPC) has announced the commencement of crude oil exploration along the Bida Basin sokoto North of Nigeria. The crude oil exploration 2D seismic data acquisition surveys in the Bida Sokoto basin are expected to spread across eight local government councils of Niger state, two in Kwara state and one in […]

On the verge of covid 19 pandemic, the Nigeria’s Department of Petroleum Resources(DPR) has ordered oil and gas companies operating in the country to downsize their workforce and practice social distancing as a tightening measures to cushion the corona virus outbreak. The regulatory body ordered oil and gas companies particularly the multinational, indigenous E & […]