Mr Ahmadu Kida-Musa, Deputy Managing Director, Deep Water District of Total Exploration and Production Nig. Ltd., says there are still billions of barrels of oil and trillions cubic feet of gas yet to be discovered in Nigeria. Kida-Musa said that Nigeria had not fully explored its oil fields even in the “so called” matured areas…
Notwithstanding the forecast global oil decline, the Nigerian National Petroleum Corporation (NNPC) says with the seven billion people on the earth, oil and gas will always be relevant. Mr Roland Ewubare, the Chief Operating Officer, Upstream of NNPC, said there was no magic yet for the replacement of oil and gas as a primary source…
The Petroleum Products Pricing Regulatory Agency (PPPRA) said that the current open price market of the Premium Motor Spirit (PMS) also known as Petrol as at Nov. 15 was N163.68. The Agency disclosed this in its Petroleum Products Pricing Template released on its website, on Monday in Abuja. According to the template, the amount is…
With the Lake Albert oil beginning to flow, Uganda has set its sights on further resources CAPE TOWN, South Africa, November 6, 2019/ — Africa Oil Week (www.Africa-OilWeek.com) got off to a high profile start with a prestigious Ministerial and VIP Symposium on the 28th floor of First National Bank’s corporate headquarters in Cape Town’s…
The Power Generation Companies (GenCos), have threatened to shut down power generation supply if pressing issues in the sector are not addressed. The GenCos spoke through the Executive Secretary, Association of Power Generation Companies (APGC), Dr Joy Ogaji at a news conference in Abuja on Sunday. Ogaji explained that the main reason for considering to…
By Jerome Onoja Mr. Roland Ewubare among other panellists at the ongoing ADIPEC 2019 Nov 13, Abu Dhabi, UAE: The Nigerian National Petroleum Corporation (NNPC) has said that local content is critical for development in the oil and gas sector and the nation’s economic growth. Reiterating its alignment with the Nigerian Content Development and Monitoring…
With its current output of 350Mscf of gas per day for the Nigerian domestic market, Seplat Petroleum Development Company says it is set to at least double its gas production capacity in the next three years. “We deliver some 350Mscf of gas per day into the domestic market and most of it for power generation….
The Sahara Power Group (SPG) says it has trained no fewer than 198 engineers under its Graduate Engineering Programme (GEP) in the last four years. Its Group Managing Director, Mr Kola Adesina, made the announcement at the induction programme of 38 GEP Trainees on Friday in Lagos. The SPG Generation family-Egbin Power Plc and First…
Leading Nigerian independent oil and gas company, Seplat Petroleum Development Company Plc (Seplat), in partnership with legal firms, Olaniwun Ajayi LP and London-based, White & Case Law LLP have drawn attention to critical factors necessary for the successful implementation of the Federal Competition and Consumer Protection Act (FCCPA) in the oil and gas industry. The…
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), says the current hike in price of cooking gas might persist if activities of Liquefied Petroleum Gas (LPG) Terminal Owners and Off Takers is not checked. The Executive Secretary of NALPGAM, Mr Bassey Essien in Lagos on Friday that the development had led to increase in…
