The house of representatives has re-committed and passed the the petroleum industry governance bill (PIGB) after considering President Muhammadu Buhari's concerns. [...]
Petrobarometer
A UK tribunal has ordered the federal government to pay Process and Industrial Development (P&ID), a British firm, $9 billion in damages for an ongoing legal dispute. [...]
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Emeka Okwuosa, chief executive officer, Oilserv Limited, says the increased rate of kidnapping and banditry in Nigeria’s north is not a threat to the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project.Okwuosa made this known in an interview on the sidelines of the Offshore Technology Conference (OTC) in the US.The AKK gas pipeline is designed to enable gas connectivity between the east, west [...]
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The Nigerian National Petroleum Corporation (NNPC) has officially declared the Nigerian Pavilion at the 2019 Offshore Technology Conference (OTC) in the US, open.Bello Rabiu, NNPC’s chief operating officer, upstream, represented the corporation’s group managing director (GMD) at the opening ceremony on Tuesday.“I formally declare this 2019 OTC open. It is very important for me to show our appreciation to all the [...]
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The Nigerian National Petroleum Corporation joint venture (NNPC/CNL JV) Ojumole well 1 in Ilaje local government area of Ondo state operated by Chevron Nigeria Limited (CNL) is still burning 18 days after explosion.The explosion, which occurred on the oil field on April 18 in Ikorigho community in the state, sparked tension among residents.Speaking with TheCable, Owolemi Ayerin, a chief in [...]
For five decades and counting, Nigeria has been in the ranks of oil producing countries, even achieving the feat of becoming the largest oil producer in Africa. Yet, the development of deepwater projects in the country has been slow, with regulatory uncertainties and unfavourable fiscal terms hampering investment opportunities.In a recent report, the Nigeria Extractive Industries Transparency Initiative (NEITI) said [...]
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