A blast on Tuesday rocked a pipeline operated by Nigeria’s state-run oil firm that feeds the Forcados terminal in the southern Niger Delta energy hub, a spokesman for Nigerian National Petroleum Corp (NNPC) said. The explosion occurred while the pipeline was being repaired following an attack last week, NNPC spokesman Garba Deen Muhammad said. A
By James Karama… A few months ago, I was honoured to be part of a delegation that visited Nigeria on an oil and gas local content study tour, the group was drawn from both the public and private sector. The trip was funded by the World Bank – Uganda office. We visited 11 institutions, including:
Waltersmith Petroman Oil Limited was incorporated in 1996 as a joint venture between Walter Smith and Associates Limited, a Nigerian investment company and Petroman Oil Limited of Canada, to operate as an oil exploration and production company. In 2001, Waltersmith became an wholly indigenous Nigerian company after the divest of petroman oil limited. The company
A Nigerian militant group, which has claimed responsibility for a series of attacks on oil and gas facilities in the southern Niger Delta energy hub in the last few months, said on Monday that it had halted hostilities. The statement by the Niger Delta Avengers comes just over a week after the militant group said
Uganda has picked three Nigerian companies and one from Australia for its oil exploration licensing round, inviting them to negotiate for production sharing agreements, it said on Monday. It announced its first competitive bidding round for six exploration blocks, covering a total of 3,000 square kilometres (1,150 square miles), in February 2015. Bidding documents were
Nigeria’s government has launched a special fund worth US$100 million to take care of securing the credit that the oil industry of the country needs. Called a Nigerian Content Intervention Fund, the vehicle will be managed by the Nigerian Content Development and Monitoring Board and the Bank of Industry. Until now, Nigerian oil service companies
Nigeria’s president on Sunday said he would hold talks with leaders in the oil-producing Delta region to address their grievances in a bid to stop a surge in pipeline attacks, but that an army crackdown would continue. People in the southern Delta region, where oil giants such as Royal Dutch Shell and Chevron operate, have
This coming year is shaping up to be a difficult one for economies that are disproportionately dependent on oil. This is especially true for Nigeria, where there’s a possibility of renewed conflict in the country’s oil-producing Niger Delta region, according to SBM Intelligence’s recently published “Nigeria in 2016” report. The global oil picture is stacked against countries like
Oil giant Shell is “blatantly false” when it claims it is cleaning up spills that continue to destroy the livelihoods of hundreds of thousands of Nigerians, Amnesty International said. A new report quotes one contractor as saying his clean-up was “a cover-up” that involved simply turning over earth to let spilled oil dry for a few days, then
The where abouts of 10 Nigerian National Petroleum Corporation (NNPC) staff is uncertain after gunmen believed to be Boko Haram Islamists yesterday Wednesday July 26, 2017 kidnapped them while they were on an oil exploration team in northeast Nigeria, colleagues and the state-run oil firm said. “About 10 staff from the survey and geological department