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Chevron, Lonadek partner to train 12 engineers in drilling

Chevron Nigeria Limited and Lonadek Inc. will be training twelve engineers in oil and gas drilling and completions for a period of six months. The training seeks to close the gap between expatriates and local competency while stimulating drilling and completion talents as alumni of top Nigerian universities. The training is tagged, ‘’The Human

FG to take FID on three projects in 2019

The Nigerian government is planning to take Final Investment Decision (FID) on three projects – ExxonMobil’s Ibot, Total’s Ikike and NLNG Train 7 – before the end of 2019. Simbi Wabote, the Executive Secretary of Nigerian Content Development and Monitoring Board, NCDMB, disclosed this at the just-concluded 2nd Nigerian Oil and Gas Opportunity

Sahara Group solicits intra-Africa solution for petroleum sector challenges

Sahara Group has called for collaboration between financial institutions, development agencies, trading companies, national oil companies and other stakeholders in Africa which it believes would enhance the contribution of intra-Africa led solutions to address the petroleum sector's trade and project finance challenges. This call was made by

NNPC open to external financing for refineries revamp

The Nigerian National Petroleum Corporation, NNPC recently disclosed its openness to external financing for the rehabilitation of the nation’s ailing refineries. This is coming after over a year of seeking offshore funding for the revamp of the refineries which was met with burdensome conditions demanded by the proposed financiers. The

NCDMB decries low compliance by indigenous oil companies to NOGCID

The low compliance level of indigenous oil and gas companies to the Nigerian Oil and Gas Industry Content Development, NOGCID has been described as an “irony to the industry”. This description was given by the Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Simbi Wabote. According to him, in terms of measure

Aiteo reopens 150,000 bpd Nembe creek oil export pipeline

Following a leak which necessitated the shutdown on February 28, the Nembe Creek Trunk Line (NCTL) resumed normal operations on March 7. The development has allayed fears of a major disruption of oil export on the export pipeline that evacuates up to 150,000 barrels of crude daily to the Bonny Oil Export Terminal. Mr. Masade Odianosen, a

NNPC plans to build fertilizer plant in Brass, Bayelsa

The Nigerian National Petroleum Corporation, NNPC has said that it will construct a Fertilizer Plant in Brass, Bayelsa State. The corporation also stated its readiness to build additional independent power plants, IPP in Abuja, Kaduna and Kano and the project is expected to generate about 4,000 megawatts of power to stabilize the national grid.

Egina stream will fall outside OPEC pact- NNPC

The Nigerian National Petroleum Corporation, NNPC has reportedly indicated that output from the new ultra-deepwater Egina field would be classified as condensate and not oil. According to NNPC Managing Director, Maikanti Baru, the development is not to frustrate efforts for Nigeria to cut output in line with an agreed quota but rather to ensure

China raises gasoline exports to Nigeria, Mozambique, others

Nigeria for the first time received 51, 000 mt of gasoline from China in January, recent data from China’s General Administration showed on Tuesday. After Togo, Nigeria is the second country in Africa to have received Chinese gasoline. Togo received 50, 000 mt of gasoline in April 2018. Nigeria was the fourth-largest buyer of Chinese
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