The government aims to tackle the challenges in the Public Service Commission (PSC) as it implements new regulations.Despite ongoing challenges like as theft and vandalism, Nigeria's oil pro… Read More
Mele Kyari: A Swift Performer
By Adewole Kehinde
_”There was a problem for years between NNPC and Indorama; I stepped in when it came to my attention. I gave them 21 days to sought the… Read More
Oil was discovered in Nigeria in 1956 at Oloibiri in the Niger Delta after half a century of exploration. The discovery was made by Shell-BP, at the time the sole concessionaire. Nigeria joi… Read More
Petronas on January 17 said it had signed production sharing contracts (PSCs) for three clusters of discovered resource opportunities (DRO) marketed under the Malaysia Bid Round (MBR) 2022.T… Read More
Malaysia state energy company Petronas on February 15 launched the Malaysia Bid Round 2023 (MBR 2023), offering 10 exploration blocks and two clusters of discovered resource opportunities (D… Read More
Japan’s Inpex Corporation has been awarded two offshore exploration licences under Malaysia Bid Round 2022, the company said on February 15Inpex has executed production sharing contrac… Read More
In late 2019, as the African oil and gas industry was looking to the future with optimism, Offshore Engineer wrote that the continent was had reason to expect a “more productive 2020… Read More
Sarawak Shell Berhad (“SSB”), a subsidiary of Shell plc, has agreed to sell its stake in two offshore production sharing contracts (PSC) in the Baram Delta to Petroleum Sarawak… Read More
In the last decade, Nigeria’s revenue from oil and gas witnessed serious decline, essentially due to large scale, internationally linked oil theft, and pipeline vandalism.
At the h… Read More
ASX 200 down on 0.8% Friday, ends week just 0.5% higher
The small cap index up 1.4%
Local Toys’R’Us ANZ done good, up 130%
Global markets have been all tippy-toes again thi… Read More
When Nigeria’s Petroleum Industry Act (PIA) was signed into law in August 2021, I spoke about the positive changes the law would be driving in terms of increased transparency and ener… Read More
Nigeria is unable to meet its Organisation of Petroleum Exporting Countries (OPEC) monthly oil production quota in over five years, no thanks to oil theft, which continues to thrive in the… Read More
The government on Wednesday allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel, such as petrol and diesel, as it deregulat… Read More
Singapore-listed Rex International Holding together with its Malaysian partner, Duta Marine, has signed two production sharing contracts (PSCs) awarded earlier by state-owned Petronas, it sa… Read More
Women are no different from men but are unique in every walk of their life! From nurturing her family’s wellbeing to fighting tooth and nail for social development, she has never been… Read More
Savannah Energy has been granted extra time to explore an area in the Agadem Rift basin of southeast Niger, the London-listed company said on December 20. Savannah entered into two prod… Read More
Nigerian Govt gets N2.336tr from sale of imported fuel – The Nigerian National Petroleum Corporation (NNPC) on Monday said its subsidiary, Products Marketing Company (PPMC), reali… Read More
Crude oil production in Nigeria fell by 6.32 percent to 1.344 million barrels per day in May, 2021 compared to 1.429 million barrels per day recorded in April 2021, latest data from the Orga… Read More
Vice President Yemi Osinbajo yesterday said electricity tariff reforms and its services-based tariff have raised collections from the sector by 63 per cent.
According to him, this has increa… Read More
The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and… Read More
NNPC Records N20.36bn Trading Surplus in July – Nigerian National Petroleum Corporation (NNPC) said yesterday that it recorded an increased trading surplus of N20.36 billion in Ju… Read More