For the past decade, the common refrain listed among the top challenges in Nigeria’s maritime sector is the issue of foreign domination. From all reported accounts, foreign firms dominate virtually every aspect of Nigeria’s coastal shipping trade, contrary to the provisions of the Coastal and Inland Shipping Act 2003, otherwise called the Cabotage Act. The…
The Nigerian Content Development and Monitoring Board has rejected a total of 1,494 expatriate quota applications, industry data obtained from the Federal Ministry of Petroleum Resources on Tuesday have revealed. It was also gathered that the NDCMB, however, approved 2,584 expatriate quota applications and that the rejections and approvals happened between 2016 and 2018. Further…
Worried by persistent drop in international crude oil prices, more Nigerian experts are becoming apprehensive that implementation of the 2019 budget may be hugely challenged as government revenue falls below key projections. The anxiety is further worsened by dwindling government revenues, occasioned by falling crude oil prices which have been on consistent decline in the…
Ernest Azudialu-Obiejesi, Chairman and Chief Executive of the Obijackson Group, parent of Nestoil Ltd, says that mechanical completion of the Oben Obiafu-Obrikom pipeline, a part of which the company is constructing, will be done by the end of March 2019 “and pre-commissioning and finalcommissioning much later in the year”. Azudialu-Obiejesi told Africa Oil+Gas Report in…
Kenya has addressed revenue-sharing issues and host community concerns in a new petroleum law signed by President Uhuru Kenyatta, The Petroleum Exploration Development and Production Bill 2017 grants the NationalGovernment 75% of the revenue accruing to the state from crude oil and gas exploited in the country, while County Government takes 20% and the Local…
Italian explorer ENI says it is evaluating a new discovery in the Nour North Sinai Concession, in the Eastern Egyptian Mediterranean. The deepwater well Nour-1 New Field Wildcat (NFW), was drilled in a water depth of 295 meters about 50 km North of the Sinai peninsula. The rig used was the semi-submersible Scarabeo-9. The well…
Seplat’s operated production in its core three acreages, slipped from over 50,000 Barrels of Oil Per Day in January, to about 40,000BOPD in February 2019, according to field data. The core three acreages, or base business licences, are Oil Mining Leases (OMLs) 4, 38 and 41, located in the northwest Niger Delta basin, onshore Nigeria….
Description NNPC offers challenging job opportunities allowing versatile and self-motivated experienced professionals to contribute to the achievement of the Corporation’s strategic goals. These experienced professionals are being recruited into the Senior Officer/Supervisory or Managerial Cadres. They are expected to: provide professional and leadership expertise required to achieve NNPC’s business objectives develop and implement strategies for…
No fewer than five persons were killed in a gas pipeline explosion in south-western Iran’s Khuzestan Province on Thursday. “The explosion occurred along a portion of the Ahvaz-Ramhormoz pipeline, consuming two vehicles and a bus. “Emergency crew members were able to extinguish the fire, but the exact number of persons killed and injured remained unclear,’’…
The United States of America pledges to help Africa become energy-independent just as Maikanti Baru, group managing director, Nigerian National Petroleum Corporation calls for integration in West Africa MAIKANTI Baru, group managing director of the Nigerian National Petroleum Corporation, NNPC, has called for more integration among countries within the West African sub-region towards…