Category: Oil & Gas

Why Nigeria Embargoed Barite Importation For Oil Firms – Ginah

ADEOLA YUSUF

General Manager, Corporate Communications and Zonal Coordination Nigerian Content Development and Monitoring Board (NCDMB), Dr. Ginah O. Ginah, in this interview, opens up on high deposit of Barite in Nigeria’s middle belt and what the board is doing on IOCs application for importation of same material. Excerpts;   You spoke about LPG, what is the state of Nigeria in terms of its usage? We have issues with LPG usage in Nigeria, the country is far behind other African countries and this is causing a lot of health problems. Far in…

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NCDMB Deepens Gas Engagement As Nigeria’s Transition Fuel

ADEOLA YUSUF

GM, Corporate Communications, NCDMB, Dr. Ginah O. Ginah, tasks media on adequate attention to Government’s aspirations in the Gas Sector The Nigerian Content Development and Monitoring Board (NCDMB), deepened engagement for fas as Nigeria’s transition fuel with capacity building workshop for journalists in Lagos. Platforms Africa reports that the workshop is themed: “Enhancing Media Competencies to Support Nigerian Content in a Gas Economy.” Giving his detailed remarks at the Workshop, Dr. Ginah O. Ginah, General Manager, Corporate Communications & Zonal Coordination, NCDMB, highlighted strategies by the board to making gas…

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Lekoil Nigeria Reaches Settlement Agreement With Cayman Subsidiary

Ganiyu Amodu

Lekoil Nigeria Limited, the oil and gas exploration and production company with a focus on Nigeria and West Africa has announced that it has reached agreement with Lekoil Limited, Lekoil Cayman, a Cayman Islands litigation asset company with an investment in oil & gas assets in Nigeria. The parties have agreed to terminate all legal proceedings and settle all claims made by or between them. The parties have been in dispute since early 2020 in connection with a number of matters including the rights of Lekoil Cayman under the shareholders…

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BREAKING: Nigeria’s Oil Production Hits 1.59m Barrels Daily

ADEOLA YUSUF

. How country left 30 Year-Low Output Region with 653,000 bopd production surge – Bala Wunti   Nigeria’s oil production on Tuesday hit 1.59 million barrels per day, from 937, 000 barrels per day it was as at September. Chief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, who declared this at the 11th Practical Nigerian Content (PNC) forum in Uyo, Akwa-Ibom state, maintained that the output increase was a result of the government’s rectangular approach to the fight against crude oil theft. Fielding a question…

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BREAKING: NCDMB Surpasses 42% minimum NC target for 2022

ADEOLA YUSUF

Here is how we did it, roles due sanctions, collaborations played – Wabote , Declares NCDMB not afraid of Any individual irrespective of how highly placed in local content implementations OPENING KEYNOTE ADDRESS DELIVERED BY THE EXECUTIVE SECRETARY, NIGERIAN CONTENT DEVELOPMENT AND MONITORING BOARD (NCDMB) AT THE 11TH EDITION OF THE PRACTICAL NIGERIAN CONTENT (PNC) FORUM Theme: Deepening Nigerian Content Opportunities in the Decade of Gas. Date: 6th November 2022 ES Keynote Address at the 11th Edition of the Practical Nigerian Content Forum Tuesday 6th December 2022 Uyo, Akwa Ibom…

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I’ll Sell NNPC Refineries, Set Up $10bn Funds – Atiku

Gbenga Adeoti

PDP Candidate hits Tinubu, accuses APC of telling lies in relation to Lagos development   The Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar has pledged to privatise the nation’s refineries if elected as President next year, if voted in as president come 2023. The PDP candidate who spoke on Monday during PDP’s presidential rally in Tafawa Balewa Square, Lagos, said he will earmark $10 billion from the refinery sales to empower the small and medium-scale enterprises of young Nigerians. He also seized the opportunity to hit back at Bola…

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Nigeria Won’t Meet 1.8m bpd OPEC Quota In 2022 – Oil Minister

ADEOLA YUSUF

Why, How OPEC Quota Might Be Met By May 2023, End of Buhari’s regime – Sylva . Says Nigeria’s petrol importation might end before the third quarter of next year, when Mr. Buhari must have left   Nigeria will not meet its 1.8 million barrels of crude oil production quota given to it by the Organisation of Petroleum Exporting Countries (OPEC) crude oil production (OPEC) this year. Minister of State, Petroleum Resources, Timipre Sylva, who made this declaration, maintained the quota of 1.8 million bpd might be met by the…

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NNPC/CNL $1bn Deal Ups Oil Industry Investment’s Hope

Efe Wellington

The investment that has eluded the Nigerian oil and gas industry for years, thereby affecting crude oil production, may have started trickling– in again, as Chevron Nigeria Limited (“CNL”) and the Nigerian National Corporation NNPC joint venture have confirmed that $1.4 billion has been secured to finance some of their projects. This amount is to be used by the NNPC/CNL JV to fund infill drilling program or projects for the fiscal years 2023-2026 The financing arrangement was executed on Wednesday, November 30, 2022. The Project includes the drilling of 37…

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How $11bn London Trial’ll Expose Nigeria’s Corruption

Ganiyu Amodu

A British lawyer representing Nigeria in a London court case in which $11 billion are at stake said on Friday the trial would reveal corruption “on an industrial scale”, not only of Nigerian officials but also of British lawyers. The case stems from a contract for a gas project awarded by Nigeria in 2010 to a company called Process and Industrial Developments Limited (P&ID). The gas processing facility never materialised, for reasons that are disputed. After years of legal wrangling, a London-based arbitration tribunal said in 2017 that Nigeria had…

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United Nations Institute Names Adeola Yusuf Panelist For African IDEP Event

Aliyu Aliyu

Team Lead, Platforms Africa headlines webinar titled; ‘Experience sharing by experts in the natural resource sector,’ a part of an ongoing intervention by IDEP to help African journalists better report the extractive sector   Team Lead Platforms Africa, Adeola Yusuf, has shared Investigative Journalism Experience with journalists across Africa at the United Nations African Institute for Economic Development and Planning (IDEP) Event. Yusuf, a multiple award-winning journalist, spoke as a panelist at a webinar titled; ‘Experience sharing by experts in the natural resource sector,’ a part of an ongoing intervention…

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