Offshore

The oil and gas sector can best be described as the bride of the Nigerian economy, thus if it is well nurtured it can be so fruitful that the spin-offs is expected to transform it to the much anticipated,...

Nigeria’s economy is expected to grow by 1.9 percent this year, accelerating the growth pace from 0.8 percent last year, thanks to fewer disruptions to its oil production and exports, Amine Mati, Mission Chief and Senior Resident Representative for...

Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia. The rigs are returning and wildcatters are getting excited again after a years-long hiatus during the oil-price slump. From...

The Kaduna Refining and Petrochemical Company, one of the country’s crude oil refineries being managed by the Nigerian National Petroleum Corporation, has remained dormant, Punch reports. According to the corporation, the refinery’s capacity utilisation has remained at zero for months,...

Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification. Nigeria has remained a...

Japan’s trade ministry on Monday spelt out ways that buyers and sellers of liquefied natural gas (LNG) can rework supply contracts to remove restrictions on resale of cargoes which Japan last year said were anti-competitive. Japan’s anti-monopoly watchdog ruled in...

The Ministry of Petroleum Resources, the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC), are yet to take a position after a United States court gave a $6.59 billion default decision against the Federal Government....

The Norwegian ambassador to Nigeria Jens-Petter Kjemprud, says his country would like to further deepen its ties in Nigeria, especially in the oil and gas industry. The ambassador who was speaking at a stakeholder’s meeting to promote investment opportunities and...

It has been observed that there will be a significant level of non-compliance with the 2020 sulphur cap by ship owners, especially in the early implementation years. The Organization of the Petroleum Exporting Countries (OPEC) in its recently released Reference...

Incensed by the increasing spate of attack on the waters, the Nigerian Maritime Administration and Safety Agency (NIMASA), has assured seafarers and the international community of its unrelentless efforts to ensure safer for navigation on its territorial waters. Meanwhile, Heritage...