By Jerome Onoja Mr. Roland Ewubare among other panellists at the ongoing ADIPEC 2019 Nov 13, Abu Dhabi, UAE: The Nigerian National Petroleum Corporation (NNPC) has said that local content is critical for development in the oil and gas sector and the nation’s economic growth. Reiterating its alignment with the Nigerian Content Development and Monitoring…
With its current output of 350Mscf of gas per day for the Nigerian domestic market, Seplat Petroleum Development Company says it is set to at least double its gas production capacity in the next three years. “We deliver some 350Mscf of gas per day into the domestic market and most of it for power generation….
The Sahara Power Group (SPG) says it has trained no fewer than 198 engineers under its Graduate Engineering Programme (GEP) in the last four years. Its Group Managing Director, Mr Kola Adesina, made the announcement at the induction programme of 38 GEP Trainees on Friday in Lagos. The SPG Generation family-Egbin Power Plc and First…
Leading Nigerian independent oil and gas company, Seplat Petroleum Development Company Plc (Seplat), in partnership with legal firms, Olaniwun Ajayi LP and London-based, White & Case Law LLP have drawn attention to critical factors necessary for the successful implementation of the Federal Competition and Consumer Protection Act (FCCPA) in the oil and gas industry. The…
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), says the current hike in price of cooking gas might persist if activities of Liquefied Petroleum Gas (LPG) Terminal Owners and Off Takers is not checked. The Executive Secretary of NALPGAM, Mr Bassey Essien in Lagos on Friday that the development had led to increase in…
The Poland state-controlled natural gas group, PGNiG plans to terminate its current natural gas supply deal with Russian giant Gazprom when it expires at the end of 2022. PGNiG which announced this in a market filing on Friday, said that the diversification of sources especially liquefied natural gas (LNG), the purchase of gas deposits in…
Iran has introduced quotas for the retail sale of petrol and increased its prices, which will go into effect on Friday, the National Iranian Oil Products Distribution Company said in a statement. The move envisages that owners of private cars will be able to purchase 60 litres (13.2 gallons) of the product per month, while…
Aiteo Eastern Exploration and Development Company of Nigeria Limited (“Aiteo”) is, yet again, constrained to alert all stakeholders of the recent spate of sustained attacks on the key national oil infrastructure in its asset base, the Nembe Creek Trunk Line (NCTL). Despite significant investments in security, technology and civic engagements, the destructive pattern of pipeline…
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from an OPEC official about lower-than-expected U.S. shale production growth in 2020 also provided some support. Prices, however, were capped by mixed signs for oil demand in China, the world’s biggest crude importer, as industrial output rose more…
The Department of Petroleum Resources (DPR) has warned members of Independent Petroleum Marketers Association of Nigeria (IPMAN) and tanker drivers in Osun against fuel diversion in the state. Mr Ademola Makinde, DPR’s Operations Controller in Osun, gave the warning at the maiden sensitisation workshop for IPMAN members with the theme “Oil and Gas Safe Practices:…
