DATA made available by the Nigeria Extractives Industries Transparency Initiative (NEITI) has shown that 28 states would be unable to fund their 2019 budgets from revenue realised in 2018 and 2017. The data was made available in the NEITI Quarterly Review, signed by its spokesman, Dr. Orji Ogbonnaya Orji. The eight states that would be able…
Shell Nigeria targets the equivalent of 2,400 megawatts of electricity from new gas supply project THE ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria will produce 600 million standard cubic feet of gas per day. This energy is equivalent of about 2400 megawatts which is enough to provide uninterrupted electricity to about…
The United States Mission in Nigeria has indefinitely suspended the “Dropbox” process of securing visa EFFECTIVE at the close of business today, Tuesday, May 14, the United States Mission to Nigeria is indefinitely suspending interview waivers for renewals, otherwise known as the “Dropbox” process. Visa applications will no longer be accepted by DHL…
Oslo — Production at Norway’s Oseberg oil and gas field, whose crude is a part of global oil benchmark Brent, is expected to remain shut for eight days, longer than previously anticipated, the company said on Friday. Production at the field was shut on Wednesday as a precautionary measure due to problems with fire water pumps…
. London — Liquefied natural gas (LNG) prices in Asia held largely steady this week, taking a breather after recovering from a significant dip in March.LNG for delivery in northeast Asia in June is estimated at $5.60 per million British thermal units (mmBtu), the same level as last week. The July price is seen at a…
Port Harcourt — Rivers State Governor, Nyesom Ezenwo Wike has blamed multinational oil companies operating in the state for encouraging insecurity by patronizing cultists for surveillance jobs. The governor particularly blamed the Shell Petroleum Development Company of Nigeria, SPDC of diving communities and refusing to implement the memorandum of understanding signed with host communities. Governor Wike…
*Deepwater account for over 40% of country’s total daily oil production Lagos — The Director, Department of Petroleum Resources, DPR, Mordecai Ladan, has disclosed that fifty-three oil blocks are open and yet to be awarded in Nigeria. According to him, Nigeria currently has 83 deepwater oil and gas blocks, out of which 30 have been awarded, and…
Houston — The Nigerian government has assured the international oil and gas community that the country’s maritime sector is safe for investment and that a special tax regime are under consideration to grow capacity for the industry in the country. Addressing Journalists at a technical workshop on deep sea exploration on the sidelines of the ongoing…
Port Harcourt — As part of its corporate social responsibility,Total Exploration and Production Nigeria Limited, TEPNG, has begun a mass free health program for OML 58 host communities in Rivers State. The free healthcare, according to the French oil giant, would last for two weeks, and is expected to handle diagnosis, treatment and drug dispensation for…
ASKER, Norway – Egypt’s Ministry of Petroleum and Mineral Resources is offering 10 exploration blocks in the Red Sea close to established hydrocarbon production. Closing date for submission of bids is Aug. 21. TGS is supporting the licensing round by making available the following data: 10,318 km (6,411 mi) of Red Sea ’18 (RS18) 2D long-offset broadband seismic,…