Oil & Gas

By Eyo Nsima The Department of Petroleum Resources (DPR) says the Oil and Gas Alternative Dispute Resolution Center (ADRC) in Lagos has successfully resolved its first case in line with the objective of the Federal Government for speedy resolution of disputes in the industry. Mr. Paul Osu, Head, Public Affairs, DPR made the announcement in

How floating LNG will impact on revenue in Nigeria — DPR By Alison Godswill The Federal Government has expressed optimism about improved earnings from its gas monetisation scheme, following the signing of the Pre-Front End Engineering Design (Pre-FEED) contract by the licensee to commence the development of 176 million cubic feet per day Liquefied Natural

DPR pledges support for first floating LNG Production Plant Project   The Department of Petroleum Resources (DPR) has pledged support to the hitch-free completion of Nigeria’s first floating Liquefied Natural Gas (LNG) production plant. Mr. Sarki Auwalu, Director, DPR gave the assurance at the online contract signing of an agreement by an indigenous oil and

Why implementation of 20% hike in freight cost is delayed – PEF By Godswill Odiong THE Executive Secretary of the Petroleum Equalisation Fund, Ahmed Bobboi has attributed the delay in the implementation of 20 per cent rise in the cost of transporting premium motor spirit, petrol, in pricing template to an ongoing negotiation between the

How Nigeria’s oil output drops by 23.1% to 1.3 mb/d By Eyo Nsima NIGERIA’s oil output dropped to 1.372 million barrels per day, mb/d in April 2021 from 1.793 mb/d in the corresponding period of 2020, indicating a fall of 23.1 percent. In its May 2021 report released Tuesday, the Organisation of Petroleum Exporting Countries,

Asharami Energy’s graduate program targets future Upstream experts Asharami Energy, a Sahara Group Upstream company, has commenced its 2021 Graduate Trainee Program that is geared towards enhancing the sustainability and future of the sector through training of exceptional young talent. Henry Menkiti, Chief Operating Officer, Asharami Energy, said the widely sought-after program has been instrumental

…partners NCDMB to build centre for skills development, training ANOH Gas Processing Company (AGPC) has reiterated its commitment to spending up to $10million on capacity development initiatives in the oil and gas sector. The Managing Director of AGPC, Okechukwu Mba said this on the sidelines of the kickoff meeting and tour of the Centre for

By OUR CORRESPONDENT The Chairman, Heirs Holdings Chairman, Tony O. Elumelu, has stressed the importance of power in driving innovation and economic growth across Africa. Speaking on Arise News’ The Morning Show, weekend, he said shared Heirs Holdings’ ambition to improve lives and transform the continent by investing in the most strategic sectors of Africa