Oil & Gas - Page 51

NCDMB, FIRS Offer Tax Incentives For Oil Industry R&D Investments

NCDMB Urges African Countries To Develop Local Competences For Economic Prosperity

Simbi Wabote, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) has stated that African countries must prioritize local capabilities to unlock economic growth. Speaking at the 2023 Africa

Emmanuel Ochayi

1 year ago

AMA News·Oil & Gas

Africa must rethink natural resources management to avoid adverse socio-economic consequences – experts

Rethinking responsible use of natural resources ABIDJAN, Côte d’Ivoire, 19 October 2023 -/African Media Agency(AMA)/- Africa needs to rethink how it manages its natural resources to avoid adverse socio-economic consequences that could hamper sustainable

Prime Business Africa

1 year ago

Business·Latest News·Oil & Gas

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

OPEC) has announced that Nigeria is on the verge of a transformation in its energy sector with the establishment of medium-term modular refineries with a daily production capacity of 20,000 barrels each.

Emmanuel Ochayi

1 year ago

Shell Confirms Oil Spill In Bayelsa, As Community Pleads For Swift Action

Shell Petroleum Development Company (SPDC) Nigeria has confirmed an oil spill from its flow station in Peremabiri community, Southern Ijaw Local Government Area of Bayelsa State on Friday October 13. The oil

Emmanuel Ochayi

1 year ago

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Oil & Gas

Nigeria’s NNPC Ends Crude Swap For Cash

The Nigerian National Petroleum Company Limited (NNPCL) has ended the crude oil swap deal and adopted cash tenders for fuel procurement. The move, as reported by Reuters, signifies a departure from a

Emmanuel Ochayi

1 year ago

‘No Excuses’ For August 2024 Deadline, Minister Charges Gas Pipeline Contractors

Nigeria’s Minister of State Petroleum Resources, Ekperikpe Ekpo, has called on contractors overseeing the 614-kilometer Ajaokuta, Kaduna, Kano gas pipelines project to stay committed to the promised July/August 2024 completion deadline. Ekpo’s

Victor Ezeja

1 year ago

Business·Oil & Gas

Nigeria’s September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Nigeria, a vital member of the Organization of Petroleum Exporting Countries (OPEC), recorded a surge in crude oil production in September 2023.

Emmanuel Ochayi

1 year ago

Business·Oil & Gas

Nigeria’s Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn

Nigeria’s pursuit of leveraging its natural gas reserves for industrialization and development has suffered a setback, as drilling cost for gas wells is climbing to $30 million. At a media parley and

Emmanuel Ochayi

1 year ago

Business·Latest News·Oil & Gas

Oil Assets Divestments Will Boost Production, Employment – Wabote

The Nigerian oil and gas industry is poised for a boost in crude oil production, employment creation, and capital injection with the planned divestment of some assets by select international oil and

Admin

1 year ago

Business·Oil & Gas

Nigerian Regulator Upbeat As Seplat Speeds Up $1.3bn ExxonMobil Asset Purchase Deal

Seplat Energy Wednesday expressed optimism on finalizing talks that will allow it to conclude the deal to purchase ExxonMobil’s offshore shallow water assets. This is as the regulator, the Nigerian Upstream Petroleum

Victor Ezejaand

Admin

1 year ago

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Oil & Gas - Page 51

NCDMB Urges African Countries To Develop Local Competences For Economic Prosperity

Africa must rethink natural resources management to avoid adverse socio-economic consequences – experts

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

Shell Confirms Oil Spill In Bayelsa, As Community Pleads For Swift Action

Nigeria’s NNPC Ends Crude Swap For Cash

‘No Excuses’ For August 2024 Deadline, Minister Charges Gas Pipeline Contractors

Nigeria’s September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Nigeria’s Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn

Oil Assets Divestments Will Boost Production, Employment – Wabote

Nigerian Regulator Upbeat As Seplat Speeds Up $1.3bn ExxonMobil Asset Purchase Deal

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