Monday, December 9, 2019
Offshore

Offshore

2018: Review Of The Nigerian Oil and Gas Sector

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 To Grow Faster Due To Fewer Oil Disruptions

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 Enjoys Oil Boom as Drilling Spreads Across the Continent

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...

Kaduna Refinery Remains Dormant As NNPC Loses N10.96bn

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 To Discuss Dirty Fuels Issue

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 Proposes LNG Contract Clause For Resale of Cargoes

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...

NNPC, Others Silent Over US Court’s $6.59 Billion Gas Contract Fine

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....

Oil-producing Norway To Increase Investment In Nigeria’s Oil Sector

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...

Why Some Ship Owners Won’t Comply With 2020 Sulphur Cap

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...

Heritage Bank, NIMASA Partner On Global Standards

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...

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Otedola: Why I Am Selling Forte Oil

Femi Otedola, chairman of Forte Oil Plc, says he agreed to sell his 75% stake in Forte Oil because he would like to maximise...

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