Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) has outlined its timetable for the evaluation of its ongoing 2020 bid round, as interest in the acreage on offer continues to grow. In line with its statutory duties as national concessionaire in charge of the attribution of petroleum exploration blocks, the ANPG has sought to adjust […]
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Oil price to drop as OPEC output rises By Eyo Nsima There are indications that oil prices might drop further as huge Iranian oil enters the volatile international market. According to Oilprice.com, “A large increase in Iranian oil production pushed overall OPEC oil output higher in March compared to February, the monthly Reuters survey found
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OPEC Daily Basket – March 30, 2021 OPEC daily basket price stood at $63.37 a barrel Tuesday, 30 March 2021, compared with $62.86 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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Executive Secretary NCDMB bags Award as Most Impactful CEO …Jonathan lauds Wabote on performance The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has been conferred with the award of the Most Impactful Chief Executive in the Niger Delta by the Bayelsa Media Awards. The award was conferred on the Executive
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NCDMB, NNPC, Brass Fertilizer Sign Shareholders Agreements On Methanol Project The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC), Brass Fertilizer and Petrochemical Company Limited, and DSV Engineering on Tuesday signed two key agreements for the construction of 10,000 tonnes per day methanol plant and the 500 million standard cubic feet per day gas
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Oil and Gas: Renowned Energy Analyst sets agenda for Local Content Development By Alison Godswill As Nigeria’s oil and gas industry continues to experience many challenges, mainly as a result of the prolonged Coronavirus pandemic, an expert has proposed measures targeted at taking the industry to the next level. The expert, Dr. Wisdom Enang, articulated his ideas at the just-concluded 4th Lawyers in Oil and Gas
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LNG: Nigeria’s train 7 to attract about $10bn into the nation’s economy By Eyo Nsima The managing director, Nigeria LNG Limited, Mr. Tony Attah, has said that the nation’s Train 7 project alone will attract about $10 billion into the country. In his Goodwill Message at the Nigeria International Petroleum Summit (N.I.P.S) Pre-Summit Conference, titled: The Decade
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“Nigeria’s gas resources would mean nothing if…”- Attah By Alison Godswill The Managing Director of Nigeria LNG Limited (NLNG), Engr. Tony Attah has said the large deposit of gas resources in Nigeria would amount to nothing if the gas is not developed and utilized urgently to meet the nation’s energy needs. Engr. Attah said
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DPR outlines five critical levers for robust gas development in Nigeria The Department of Petroleum Resources (DPR) has outlined five critical levers for gas development as Nigeria moves to leverage its abundant gas resources for national growth, diversification of the economy and using gas as the fuel for economic transformation. Engr. Sarki Auwalu, Director, DPR, made
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Seplat issues $650 million 5-year Senior Notes … records largest Nigerian oil & gas bond By Alison Godswill Seplat Petroleum Development Company Plc, a leading Nigerian independent energy Company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has priced its offering of $650 million in aggregate principal amount of
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