…aims to attract $10 billion investment. In a move to further revitalise the oil and gas industry’s contribution to the Nigerian Economy, Federal Government has launched a new fiscal incentives to revitalise the Nigerian oil & gas sector, aiming to attract $10 billion investment. Wale Edun, OFR, Minister of Finance and Coordinating Minister of the […]

The Nigerian independent, Waltersmith Petroman has operated the Ibigwe field in Oil Mining Lease (OML) 16 onshore eastern Nigeria since... The post The Industrial Park is the Route to Waltersmith’s Future first appeared on Africa’s premier report on the oil, gas and energy landscape..

…Minister alleges mismanagement of over half a billion dollars on several projects and loans.…Task journalist to visit project sites of NCDMB’s partners The Federal Government of Nigeria has revealed it is investigating loans and projects estimated at $500 million executed by the Nigerian Content Development and Monitoring Board. The Minister of State for Petroleum Resources […]

By Ibrahim Musa There are indications that the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the regulator of Nigeria’s upstream oil sector, is not responsible for the alleged delay in granting consent to the sale of $1.3 billion ExxonMobil’s 40 percent stake in Mobil Producing Nigeria Unlimited, MPNU’s assets to Seplat Energy Plc. The intention of […]

Petroleum Technology Association of Nigeria (PETAN) has assured the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and all stakeholders in the oil and gas sector that its members with decades of experience in the industry, have all the equipment required to boost oil production in the country. PETAN Chairman, Engr. Wole Ogunsanya, gave the assurance when […]

…Presents NNPCL GCEO With PETAN’s Excellence Award for the Frontier Basin Exploration Initiative. The Petroleum Technology Association of Nigeria (PETAN), Chairman, Engr. Wole Ogunsanya has assured that the group will demystify the cost of oil and gas production in Nigeria. He gave the assurance when he led members of the team on a courtesy visit […]

Worried about the dwindling oil production and the need to drive investment in the nation’s oil and gas sector, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri has expressed the federal government’s readiness to collaborate with the Petroleum Technology Association of Nigeria (PETAN) in a bid to increase Nigeria’s oil production and revenue. […]

Axxela Limited, a leading gas and power portfolio company in Sub-Saharan Africa, announces that it has taken Final Investment Decision for the development of a gas processing plant situated in OML 56, Delta State, South-South Nigeria. This strategic investment marks yet another significant stride towards delivering on Axxela’s commitment to deepen domestic gas utilisation in […]

Industrial Transformation ASIA-PACIFIC – a HANNOVER MESSE event (ITAP) is a strategic platform that evolves with the industry and is shaped by the leaders and experts in support of their transformative initiatives; a journey that is necessary and made possible by the process of digitalisation by Industry 4.0. Designed and curated to help companies in […]

London: The World Energy Council has published its annual 2024 World Energy Issues Monitor. The report titled “Redesigning Energy in 5D” assesses the global energy agenda based on the collective expertise and views of nearly 1,800 energy leaders in over 100 countries. Leaders were surveyed in early 2024, following the conclusion of the COP 28 […]