DNV GL To Monitor Compliance Of Baltic Pipe Gas Project. DNV GL will provide verification services for Energinet’s section of the Baltic Pipe project offshore Denmark. The project will facilitate transportation of gas from Norway, from a tie-in to the Europipe II pipeline in the Danish North Sea to the export facility
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Excess Still Prevails In Oilfield Service Sector Rystad Energy ServiceCube OSLO, Norway – Oilfield service companies are starting to increase prices for products and services, according to consultant Rystad Energy. “Oil and gas investments are on the rise, and so too is the pricing power of service companies,” said Audun Martinsen, head of
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Drilling looks set to pick up offshore Equatorial Guinea, with new companies likely to be awarded blocks later this year under the country’s 2019 Oil and Gas Licensing Round. The government has made available 25 blocks for exploration and two for appraisal/development of existing discoveries under production-sharing contracts. In the latter case,
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At the annual lecture of the Nigerian Academy of Engineering, deserving pacesetters in engineering profession were inducted as fellows of the Nigerian Academy of Engineering. Notable among those honored was the Group Managing Director, Nigerian National Petroleum Corporation(NNPC), Engr,Dr. Maikanti Kacalla Baru,who made an informal announcement of his retirement in
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The Federal Government has begun the evaluation of statements of qualification submitted by about 250 firms for the commercialisation of gas being flared by oil companies operating in the country. In October 2016, President Muhammadu Buhari inaugurated the Nigerian Gas Flare Commercialisation Programme, aimed at reducing gas flaring by harnessing flare
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Over three months after the Nigerian National Petroleum Corporation (NNPC) started drilling activities at the spud-in of Kolmani River-II Well in Gongola Basin in Bauchi, petroleum industry stakeholders have expressed divergent views over the delay in making commercial find. Although the Group Managing Director, NNPC, Maikanti Baru, told journalists at the
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An independent budget monitoring agency, BudgIT, has called on President Muhammadu Buhari to privatize all government-owned refineries to fully deregulate the petroleum downstream sector. The call, according to the agency, is based on its new policy brief entitled “Inside Nigeria’s Local Refineries”, which indicates that government-owned refineries in Kaduna, Port Harcourt
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THE Chief Executive Officer of Oilserv, an oil and gas, engineering and construction company, Emeka Okwuosa has identified factors militating against movement of indigenous oil companies into deepwater operations. Speaking on the sidelines of the just ended Offshore Technology Conference, OTC, organized by the Petroleum Technology Association of Nigeria, PETAN,
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The Kaduna Refining and Petrochemical Company did not refine any crude oil from February 2018 to January this year, the latest data obtained from the Nigerian National Petroleum Corporation showed. The Port Harcourt Refining Company was idle from July 2018 to January this year. It was gathered on Wednesday in Abuja that
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A total of 223 local and international investors in the oil and gas sector are bidding to lift Nigeria’s natural gas liquids. Bids submitted by the firms were opened on Tuesday during the 2019/2021 Natural Gas Liquids bids opening ceremony at the headquarters of the Nigerian National Petroleum Corporation in Abuja. The
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