The Secretary to the Government of the Federation and Chairman of the Presidential Taskforce on Covid-19, Boss Mustapha, has applauded the Nigerian National Petroleum Corporation (NNPC) for her unwavering support and several medical interventions, geared towards providing a lasting solution to the novel coronavirus pandemic in Nigeria, saying the gesture showed the corporation as the…
Petrobras, the Brazilian national oil coy has reported a whopping $13.4 billion impairment on its exploration and production assets. The Chief Executive Officer, Roberto Castello Branco said the company wrote off the entire value of its shallow-water assets and plans to recommence production at six production assets currently for sale. “The assets that had their…
The Nigerian National Petroleum Corporation (NNPC) and Central Bank of Nigeria (CBN), have agreed to pay the bills incured by the Nigerian returnees as part of their Corporate Social Responsibility (CSR). The Minister of Foreign Affairs, Geoffrey Onyeama who at the daily breifing of the Presidential Task Force on covid-19 said that the bill includes…
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has urged the newly recruited Graduate Trainees (GTs) to join hands with other staff in building the corporation to become the National Oil Company (NOC) of choice, urging them to go the extra mile to achieving extraordinary results. Mallam Kyari made…
Arrangements are on by the Federal government to meet major stakeholders in the oil and gas industry over the recent pronouncement by the Minister of State for Petroleum Resources, Chief Timipre Sylva that the downstream has been fully Deregulated. The meeting is coming on the heels of the reactions by major stakeholders who have kicked…
For all the noise about Nigerian content development in the oil and gas industry, and for all the efforts to involve more indigenous companies in this key sector, a game changer than cannot be ignored or wished away is money, or finance, as the professionals call it. The central aim of the Nigerian Content Act,…
The Nigerian Content Development and Monitoring Board (NCDMB) on Friday launched BrentPlus, a series of initiatives that will stimulate innovations in the oil and gas industry and ancillary sectors and create a platform for local creation of digital technologies. The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote unveiled BrentPlus during a webinar titled “Innovating for…
Hosted under the theme ‘Taking Advantage of Opportunities in Uganda’s Oil & Gas Sector,’ an Africa Oil & Power webinar yesterday highlighted the domestic and regional opportunities associated with the Uganda Lake Albert project, oil and gas exploration, and associated services and infrastructure including the $3.5-billion East African Crude Oil Pipeline project. Speakers included Hon….
The World Petroleum Council, organisers of World Petroleum Congress, WPC, has postponed the event to December, 2020. In a statement obtained by The Daily, www.thedaily-ng.com, Tor Fjaeran, President, World Petroleum Council and Jeff Shellebarger, Chairman, 23rd WPC Organizing Committee, stated: “The widespread consequences of COVID-19, including health and safety concerns, travel restrictions, and impacts on…
Nigeria LNG Limited (NLNG) has signed the Engineering, Procurement and Construction (EPC) Contracts for its Train 7 Project with the SCD JV Consortium, comprising affiliates of Saipem, Chiyoda and Daewoo. The execution of the EPC Contractsnow triggers the commencement of the Detail Design and Construction phase of the Project expected to increase the capacity of…
