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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Buhari Orders Immediate Sale Of JVOA Oil Assets. As part of efforts to consolidate on his achievements, President Muhammadu Buhari has directed the Bureau of Public Enterprises, BPE to commence immediate action to restructure the Joint Venture Oil Assets, JVOA so as to reduce government stranglehold to 40% and complete
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West Africa’s first online vessel chartering platform MVXchange has announced the closing of their pre-seed funding round. The financing round believed to be about $100,000 was led by Oui Capital with participation by Neon Ventures, Zircon marine, and other angel investors. MVXchange is a B-2-B technology-driven maritime platform that matches vessel
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Oil & gas plants have increased their cyber risk profile as they modernise plants and close the ‘air gap’ between IT networks and operational technology (OT) networks. This is according to Phil Neray, VP of Industrial Cybersecurity at global security specialists CyberX, who notes that many oil & gas facilities
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The Nigerian National Petroleum Corporation, NNPC, Thursday, said its ongoing recruitment exercise has entered the third phase following the conclusion of the shortlist of the candidates. The NNPC, in a statement in Abuja, stated that shortlisted candidates had been scheduled to sit for Computer Based Testing (CBT) on Saturday, June 1,
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Ahead of the 2019 World Environment Day (WED) celebration, which amplifies the clamour for players in the petroleum industry to curb the rising level of global air pollution, Nigeria Liquefied Natural Gas (NLNG) Limited has declared over $100 billion or N36 trillion gross income from gas monetisation. The Managing Director of
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The Nigerian National Petroleum Corporation (NNPC) has said it will unveil the largest Liquefied Petroleum Gas (LPG) also known as cooking gas and propane storage and dispensing facility in Oredo, Benin City, Edo State capital. The corporation disclosed this yesterday in a statement by its spokesman, Mr Ndu Ughamadu, in Abuja. He said
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