The Federal Government said it was willing to resume oil exploration in the Lake Chad Basin. The exercise was suspended by the government in July 2017 after suspected members of Boko Haram attacked a team of geological engineers from the University of Maiduguri who were engaged by Nigeria National Petroleum Corporation
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The Department of Petroleum Resources of Ministry of Petroleum Resources have issued new guidelines for implementation in the Nigeria Oil and Gas industry. The guidelines approved by the Director/CEO are: 1. Safety Case Guidelines for Oil and Gas Facilities in Nigeria; 2. Guidelines for Work at Height and Confined Space Entry; 3. Guidelines for
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US oil giants ExxonMobil and Chevron reported another quarter of red ink Friday as uncertainty over oil demand dented by the coronavirus forced the petroleum sector to rein in spending. While both companies were hit by low commodity prices, driven the worldwide business and travel shutdowns, ExxonMobil had the bigger loss and
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Total and its partners have discovered a second large gas condensate field on block 11B/12B in the Outeniqua basin, 175 km (109 mi) off the southern coast of South Africa. The Luiperd-1X discovery well, drilled by the semisubmersible Deepsea Stavanger in 1,800 m (5,905 ft) of water, follows the play-opening Brulpadda
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Huge volumes of discovered hydrocarbons worldwide are currently ‘stranded,’ according to a study by Westwood Global Energy Group. The consultant has identified 119 fields in this category that were found between 2008 and 2016 with collectively 11 Bbbl of oil and 36 Bboe of gas, but currently not progressing toward development. These
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A message from Darren Woods – Employee Forum As you may know, today we held an employee forum at our campus in Houston. Unfortunately the pandemic limited the number of people who could attend and, given the time differences of our businesses around the world, I thought it might be useful
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Companies in the oil and gas sector have raised over N400 billion across several asset classes using the Nigerian Stock Exchange (NSE) platform in recent years, the chief executive officer (CEO) of the Exchange Mr. Oscar Onyema, has said. Speaking during a webinar on the oil and gas sector organised by
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Five Governors of the South-East, Minister of State, Petroleum Resources, Mr Timipre Sylva, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) and other stakeholders in the gas sector will converge on Owerri on October 14 for the Gas Utilisation Forum (GUF) powered by the Gas Aggregation Company of
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Shell Nigeria Gas (SNG) said it would continue to optimise its onshore footprint while investing in gas development in Nigeria. This came as the company commissioned an indigenous contractor, Gredor Nigeria Limited, to begin the construction of the gas pipeline infrastructure to deliver gas to the Nigeria Content Development and Monitoring
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The Petroleum Industry Bill (PIB) has proposed that the host communities will receive 2.5 per cent fund on the basis of the oil companies’ actual operating expenditure for the preceding year. The previous versions of the PIB that were not passed had provided for the creation of Petroleum Host Communities Fund
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