Monjasa Reformer seen 540 Miles West Offshore Gulf of Guinea A Danish-owned vessel, the Monjasa Reformer, that was boarded by pirates in the Gulf of Guinea on Saturday was spotted about 540 miles further offshore on Tuesday, according to a maritime cooperation centre monitoring security in the area. The Liberian-flagged oil and chemical tanker Monjasa…
Oil Exploration in Nasarawa will Enhance Energy Security for Nigeria President Muhammadu Buhari has said that the discovery and drilling of oil in Nasarawa State will lead to greater prosperity for Nigerians as well as enhance overall energy security for the country. A statement by the Special Adviser to the President(Media & Publicity), Femi Adesina,…
IPMAN Backs NNPC Ltd over Employment of Expatriates The Independent Petroleum Marketers Association of Nigeria, IPMAN has thrown its weight behind the recent employment of foreign nationals to head sensitive positions at the Nigerian National Petroleum Company Limited. It was reported that NNPCL recently announced the appointment of a French/Swiss national, Mr. Jean-Marc Cordier, as…
NMDPRA Cautions Stakeholders on Disaster Management in North-East The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) The Authority responsible for the technical and commercial regulation of the midstream and downstream operations in Nigeria, has urged petroleum marketers and other operators in the North-East to strictly adhere to safety procedures to guard against incessant fire…
NNPC Revenue Boost: Buhari Set to Flag-Off Oil Exploration in Nasarawa Barring any last minute change in plans, President Muhammadu Buhari will on Tuesday conduct the Presidential flag-off of Ebenyi-A Exploration Well located at Obi Local government Area in Nasarawa. The flag-off by the President will mark the exploration of crude oil in Nasarawa State…
Oil Gains Ground As Investors Assess Banks, Russia Oil prices rose on Monday as investors assessed efforts by authorities to rein in concerns over the global banking system while Russian President Vladimir Putin’s plans to place tactical nuclear weapons in Belarus ratcheted up tensions in Europe. Brent crude futures were up 30 cents, or 0.4%,…
Seplat Energy Grows 2022 FY PBT by 15.3% to N86.7bn Seplat Energy Plc has announced its audited results for the full year ended 31 December 2022, recording a rise in profit before tax by 15.3 per cent to N86.7bn from N71bn year-on-year. The company also generated cash from its operations to the tune of N242.4bn…
PETAN Advocates for Integrated Certification for African Countries as Practice in Europe, America Petroleum Technology Association of Nigeria (PETAN), has advocated for an integrated certification for African countries as practice in America, European Union, Britain, among others, especially with the implementation of the African Continental Free Trade Area (AfCFTA) now taking shape. This, PETAN believes, …
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has sought partnership with the Petroleum Technology Association of Nigeria (PETAN) to develop and commercialized technological products for the oil and gas industry. Wabote stated this at the 7th Sub-Saharan Africa International Petroleum Exhibition and Confidence (SAIPEC), currently holding in…
Shell Puts More Than a Dozen Turnkey Contracts on Offer for Work in Niger Delta Shell Nigeria has put more than a dozen turnkey contracts on offer for work in the oil-rich Nigeria’s Niger Delta region.According to a report by the Upstream, the “drill to fill” tender process is worth a total of at least…
