FrazEnergy Ltd (a subsidiary of Oilserv) and Galileo Technologies, yesterday signed a Final Investment Decision (FID) to unlock the over $20 billion gas infrastructure deficit in the country. The milestone, according to FrazEnergy, is in line with President Bola Tinubu’s…
Nigeria to host African Energy Bank
Nigeria has been granted the hosting right for the African Energy Bank (AEB), after beating Ghana, Benin Republic, Algeria, South Africa and Cote D’Ivoire in a keenly contested bidding. Sen. Heineken Lokpobiri, the Minister of State, Petroleum Resources (Oil), told…
Deep water project: TotalEnergies advocates good fiscal incentives, competition to reduce costs
……As deep water segment in Nigeria stuck for 10 years In a bid to move the deep water projects of the Nigerian oil and gas sector forward, Country Chairman and Chief Executive Officer of TotalEnergies EP Nigeria Limited, Mr. Mathieu…
Namibia’s Largest Oil and Gas Conference Returns in August
Building on the success of its first edition, and in response to calls for a follow-up conference, the Namibia Oil and Gas Conference has confirmed it will return to Windhoek from 20-22 August 2024. With over 800 delegates, key industry…
PETAN to deploy ‘Quality Seal’ to genuine service providers, chase out ‘Briefcase Contractors’
… supports NCDMB, NUPRC to weed out ‘Middlemen Business’ in Nigeria’s oil, gas sector The Petroleum Technology Association of Nigeria (PETAN) is collaborating with the Nigerian Content Development and Management Board (NCDMB) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)…
“NNPCL Declares Emergency in Crude Oil Production, Urges Collaboration to Cut Costs”
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…
Africa: Local Content in Oil & Gas: A Catalyst for Shared Growth in Namibia
Ndapwilapo Selma Shimutwikeni, Chief Executive Officer (CEO) and Founder of Rich Africa Consulting, explores how Namibia’s focus on local content is set to unleash a wealth of opportunities for the local population, building on recent breakthroughs in the upstream industry…
Lokpobiri Visits Aradel’s Ogbele Facility
Senator Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), has commended Aradel Holdings for its innovativeness and growth trajectory while on a visit to the Ogbele Facility in PML 14, Rivers State, which is 100% owned and operated by Aradel…
NCDMB Unveils Procedures for Implementation of Presidential Directive on Local Content
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…
Commission unveils African petroleum regulators’ forum
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the African Petroleum Regulators’ Forum (AFRIPERF), to drive continental aspirations in the development and utilisation of hydrocarbon resources. The commission inaugurated the AFRIPERF at its maiden roundtable on the sidelines of…
