By Margaret Nongo-Okojokwu, in Houston Texas 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 deepwater exploration…
The projection by the Federal Government that Nigeria would begin fuel export by the end of 2019 is being threatened by imminent failure of 33 modular refinery licensees across the country.These modular refinery licenses, checks by New Telegraph shows, are yet to secure Authority to construct (AtoC) several years after the Department of Petroleum Resources…
Barely two weeks after the National Assembly passed the N8.916 trillion budget for 2019, the implementation of the financial plan is already being threatened by the spate of vandalism of oil pipelines across the country. Nigeria has set oil production target of 2.3 million barrels per day (mbpd) at a price benchmark of $60 to…
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, will tomorrow (Tuesday) address foreign investors at the 50th edition of the Offshore Technology Conference (OTC) in Houston, United States. Baru, who will speak on the topic “Deep-water Operations in Nigeria: The Journey so Far” is expected to address participants on…
Less than 24 hours after switching on the Nembe Creek Trunk Line (NCTL), after identified leak points were amended, Aiteo Group on Monday announced a fresh closure of the same trunk line as two new compromised spots were discovered near Awoba Riser Manifold. NCTL is a 97-kilometre, 150,000 barrels of oil per day owned by Aiteo…
U.S. refiners have turned to several lesser-used oil suppliers in the wake of U.S. sanctions that restricted usual providers of widely-used grades as they gear up for peak driving season. Iraq, Nigeria, Brazil and Angola combined this month are set to deliver their most crude oil to the United States in more than 18 months,…
Nigerian investors and industry players will be keeping an eagle eye on a current wave of investment opportunities about to open up for local companies as International Oil Companies (IOCs) move to fully divest from onshore assets. According to sources, oil majors in Nigeria are expected to be selling off their onshore assets while focusing…
Invictus Energy has announced that the Cabora Bassa Project partners, comprising Invictus (80%) and One-Gas Resources (20%), have entered into a non-binding Memorandum of Understanding (MOU) with Sable Chemical Industries to progress gas supply from the Cabora Bassa Project subject to a commercial gas discovery being made from SG 4571. Sable is the sole manufacturer of agriculture grade ammonium nitrate fertiliser in Zimbabwe…
Two legal experts from the International Atomic Energy Agency (IAEA) are in Rwanda for a three-day mission to train Rwandan officials about the international legal framework on how to ensure nuclear safety, security, and civil liability for nuclear damage. Attended by about 25 officials and experts from different Rwandan institutions, the training is being conducted…
BHGE (BHGE.com) to provide turbomachinery equipment for four FLNG compression trains for BP’s Greater Tortue Ahmeyim natural gas project; Award is second major contract for Greater Tortue development, expanding on BHGE’s contract for subsea production equipment; Floating LNG facility to provide circa 2.5 million tonnes of LNG per annum and represents the first stage of a…