Kachikwu performs ground-breaking of Bayelsa Oil & Gas Park

Kachikwu performs ground-breaking of Bayelsa Oil & Gas Park

… FG to extend project beyond N/Delta  The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu on Friday performed the ground-breaking of the Nigerian Oil and Gas Park being developed by the Nigerian Content Development and Monitoring Board (NCDMB) at Emeyal-1, Ogbia Local Government Area of Bayelsa State. The park will generate about…

NCDMB Begins Construction of Cross River Oil & Gas Park

The Nigerian Content Development and Monitoring Board (NCDMB) has begun the construction of the Nigerian Oil and Gas Park at Odukpani, Cross River State, with the goal of creating a regional low-cost manufacturing hub that would produce equipment components and spare parts that would be utilized in the Nigerian Oil and Gas industry. The Odukpani…

GE’s $250m Calabar Manufacturing Plant Ready In Q3 – Angbazo

GE’s $250m Calabar Manufacturing Plant Ready In Q3 – Angbazo

President Muhammadu Buhari is set to inaugurate General Electric’s (GE) $250 million manufacturing plant in Calabar, the  Cross River State capital, which is billed to be ready in the third quarter of this year. This aligns with Nigeria’s infrastructure needs and will contribute to economic development, especially in the oil & gas, power and transportation…

NCDMB Begins Forensic Audit of Unremitted NCDF Deductions

NCDMB Begins Forensic Audit of Unremitted NCDF Deductions

With effect from June this year, the Nigerian Content Development and Monitoring Board (NCDMB) will begin third forensic audit of all unremitted deductions by oil and gas companies meant for the Nigerian Content Development Fund (NCDF). The impending exercise was announced by the Executive Secretary of NCDMB, Engr. Simbi Wabote at the two-day Stakeholders Sensitization…

EQUATORIAL GUINEA  LAUNCHES ‘YEAR OF ENERGY’ INITIATIVE AS AFRICA’S ENERGY AND EVENTS HUB IN 2019
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EQUATORIAL GUINEA LAUNCHES ‘YEAR OF ENERGY’ INITIATIVE AS AFRICA’S ENERGY AND EVENTS HUB IN 2019

Equatorial Guinea’s government officially announces the 2019 Year of Energy initiative, tying together landmark energy projects and a series of Africa-focused events. The Ministry of Mines and Hydrocarbons is working in partnership with Africa Oil & Power to organize the series of conferences. Three key events will take place: the Equatorial Guinea Gas Summit, the…

How to Buy Crude Oil From Nigeria: The Complete OFF-OPEC Guide For Buyers And Sellers

How to Buy Crude Oil From Nigeria: The Complete OFF-OPEC Guide For Buyers And Sellers

Safely figuring out how to buy crude oil from Nigeria is one of the most daunting tasks crude oil buyers from many parts of the world face. The Nigerian market is highly volatile, too many people masquerade themselves as crude oil sellers, and after a long series of engagements, both the crude oil buyer and…

Two firms merge to form new industrial player in Norway

Norway’s Bergen Group has entered into an agreement with its compatriot oil service company Endúr Fabricom for a merger between the two companies. Bergen Group, an industrial group based in the western part of Norway, is a supplier of products and services to the areas of energy & industry, maritime, defense, access technology & services…

Nigeria: JV partners get 20-year license extension

Nigeria: JV partners get 20-year license extension

Yinka Folawiyo Petroleum has received consent from the Nigerian Minister of Petroleum Resources for the renewal of the OML 113 license. MX Oil said on Friday that Yinka Folawiyo Petroleum was granted the renewal for another term of 20 years. According to the company, which has an investment in the license, the renewal is subject to…

Total hires Stena Don semi-sub for more Shetland drilling
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Total hires Stena Don semi-sub for more Shetland drilling

Offshore driller Stena Drilling has secured more work for its Stena Don offshore drilling rig with the French oil giant Total. The rig is currently on a contract with Total E&P UK on an exploration well west of the Shetland Islands. Stena Drilling on Monday said it had signed a new contract which will see the Stena…