Neighbouring Niger Republic, which started commercial oil production in 2011, now exports petroleum products to Nigeria, as Egypt and Algeria lead African operations with 13 refineries. Both countries (Egypt and Algeria) have combined capacity of 1.4 million barrels per day. For decades, Nigeria’s three major refineries have been grounded to near-zero
Read More
The Federal Government has disclosed that Nigeria will be a net exporter of petroleum products by 2022 with the five built refineries across the country and the 7 refineries that are currently under construction. The disclosure was made by the Director and Chief Executive Officer of the Department of Petroleum Resources
Read More
The federal government has commenced feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which would cater for the maintenance and repair services of cargo vessels, oil tankers, and Liquefied Natural Gas (LNG) carriers. The Minister of State for Petrolem Resources, Chief Timipre Sylva, who chaired a
Read More
Several major oil and gas projects in Nigeria may suffer further delays as international oil companies operating in the country saw their financials take a dive in the second quarter of this year. The slump in oil prices caused by the coronavirus pandemic has forced many companies, including IOCs to slash
Read More
DORIS Group, Schneider Electric, and AVEVA have agreed to jointly deliver digital twin technology for the upstream oil and gas sector. The companies aim to offer new solutions to support oil and gas organizations improve the performance of their facilities and maximize return on capital on projects. They will combine their engineering
Read More
The Petroleum Technology Association of Nigeria (PETAN), has described the involvement of leading Engineering, Procurement Construction (EPC) Company, Oilserv Limited in the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project as a milestone for local content development in the country. PETAN Chairman, Mr.Nike Odinuwe congratulated the Group Managing Director of the Nigerian National Petroleum
Read More
Optimum Petroleum Development Co. and partner Lekoil have completed a site survey over the OPL 310 license offshore Nigeria, ahead of a planned two-well appraisal drilling program. The survey involved identifying potential hazards to top-hole drilling, the jackup and future platform foundations, plus seabed obstructions. The partners are now in a position
Read More
The offshore industry has been deploying several new digital technologies including sensors, robotics, and wearables. In every way imaginable, Covid-19 has turned the world on its head. In just six weeks every part of society, from governments and businesses to communities and families, have embraced digital remote working. Technology solutions that
Read More
Private oil marketers have now joined the Nigerian National Petroleum Corporation in the importation of petrol. It was gathered from the Petroleum Products Pricing Regulatory Agency on Tuesday in Abuja that permits had been given to several marketers to start importing petrol alongside the NNPC. Before the downstream oil sector was liberalised
Read More
The Nigeria LNG Limited says it has paid over $13bn to the Federal Government for feed-gas purchase since the inception of its operations. The NLNG disclosed this on Twitter on Sunday while marking the 31st anniversary of its establishment. It also said over $7bn in dividends and $8bn in taxes had been
Read More
