Having experienced some level of frustration while carrying out daily activities in the downstream sector, the duo of Andre Bassey and Yomi Ademefun, partners at Axiom Tech Ltd, thought of a tech solution that could ease business operations by helping firms identify verifiable sources of Premium Motor Spirit (PMS), diesel otherwise known as Automotive Gas…
Dr. Chike Onyejekwe is the Group Managing Director of Aiteo Production and Development Company Limited. He is a Geologist by background with extensive depth and breadth of experience in the Oil and Gas industry spanning over 30 years. Dr. Chike has worked in various leadership and senior management positions within and outside Nigeria, covering Exploration,…
Amid 2019 forecast of a global economic slowdown, the gradual growth and influx of electric cars by popular car manufacturing brands, America-China trade war, and Brexit uncertainties, Africa has remained the attractive bride in the eyes of global investors’ A recent study by Reuters showed that, the African continent – specifically Sub-Saharan Africa’s economies, will…
Sixteen oil and gas firms have submitted applications for one or more of five Ghanaian offshore blocks in the West African country’s first exploration licensing round, its energy ministry said. The interest is a major vote of confidence in Ghana, which is keen to unlock more resources after it began pumping from its flagship offshore…
French oil major Total has started oil production from its Egina field offshore Nigeria. Total which started up production on December 29, 2018, has announced in a statement released on January 3 2019, that Egina deepwater oilfield had achieved first oil production, helping to push Nigeria’s oil output beyond 2.09 million barrels per day in…
The African Oil and Gas industry is showing signs of an auspicious future; there is renewed investor interest and burgeoning confidence in the continent and sector following continued upward movement in oil prices and recent oil and gas discoveries. This was very apparent by the host of panel discussions, country and company presentations at the…
With the oil and gas industry undoubtedly the mainstay of Nigeria’s economy, Nigerian Content Development and Monitoring Board has rolled out plans to nurture 100 indigenous oil and gas service providers, in a competitive and sustainable way through targeted interventions, into large scale players that will create high value and better develop the sector. The…
The Nigerian Agip Oil Company (NAOC) has donated three geosciences workstations to the University of Port Harcourt, Rivers State, University of Ibadan, Oyo State and Modibbo Adama University of Technology, Adamawa State. The workstations are equipped with nine OpendTect Software licences, worth $200,000, but were provided free by Danvic Petroleum Nigeria, with a commitment to…
Engr. Simbi Wabote, Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB) went global today with Nigerian Content Advocacy, when he addressed delegates to the African Oil Week (AOW) in Cape Town, South Africa at the start of the African Local Content Forum. African Local Content Forum is an innovative inclusion in the bouquet…
The Nigerian National Petroleum Corporation, NNPC, Sunday, called for increased collaboration with members of the African Union of Transportation and Logistics Organization to address the rising incidents of cross-border leakages of petroleum products. In a statement in Abuja, Group Managing Director of the NNPC, Mr. Maikanti Baru, said smuggling of petroleum products remained a blight…