The Department of Petroleum Resources (DPR) has concluded plans to unveil the oil and gas industry Alternative Dispute Resolution Centre (ADRC) with the inauguration of the advisory Council and body of neutrals in Lagos tomorrow. The ADRC is one of the centres in the DPR National oil and gas excellence centre
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The Nigerian National Petroleum Corporation on Thursday announced plans to resume active oil exploration in Sokoto Basin. A statement issued in Abuja on Thursday by NNPC spokesperson, Kennie Obateru, said the corporation’s Group Managing Director, Mele Kyari, said exploration for crude would resume in the Sokoto Basin. The statement read in part,
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Despite the condemnations trailing the plan by the Federal Government to rehabilitate the Port Harcourt Refinery with $1.5 billion, the Nigerian National Petroleum Corporation (NNPC), yesterday, sealed a pact with an Italian company, Tecnimont SpAfor, to handle the job. The national oil company also said arrangements were being made to overhaul
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The Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote, has called for the inclusion of local companies in the implementation of Nigerian Liquified Natural Gas Company Train 7 Project. Wabote made the call, according to a statement titled ‘NLNG Train 7 Project: Wabote Calls for Participation of Local Companies’,
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Ghana has a total of 2 billion barrels of oil left to drill before the country’s hydrocarbons get depleted, the Public Interest and Accountability Committee (PIAC) has revealed. In 2010, the country lifted its first oil cargo of 1.1m barrels, and 10 years down the line, 420 million barrels have been
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As the Federal Government seeks ways out of the fuel price dilemma due to rise in oil prices, Major Oil Marketers Association of Nigeria (MOMAN) has stated that the poor implementation of downstream reforms is responsible for the present dilemma. According to the marketers, government’s inability to follow through the implementation
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The Federal Government, through the Nigerian National Petroleum Corporation (NNPC), has announced plans to increase the size of the national grid by leveraging the country’s 203.16tcf gas potential in order to resolve lingering power sector issues nationwide. Similarly, the oil company hopes to address pricing issues in the gas value-chain to
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Dangote Group says petroleum products from its 650,000 per day refinery will hit the market by early 2022 against the previous 2021 fourth-quarter target. Devakumar Edwin, executive director of capital projects and portfolio management at Dangote Group, told Arise TV that the earlier completion and products production date could not be
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The Standards Organisation of Nigeria (SON) has issued an alert to members of the public on recent complaints received on under-dispensing of oxygen and other medical gases by plant owners in some parts of the country. A statement from the office of the Director General, Farouk Salim, described oxygen as a
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Keppel Offshore & Marine will exit the offshore rig building business and be restructured into three parts, according to Keppel Corp. Keppel Corp. has reported it will transform its wholly-owned subsidiary, Keppel Offshore & Marine (Keppel O&M), so that the business is well-placed to support the energy transition. Keppel O&M will exit
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