Nigerian President Muhammadu Buhari pledged to clean up Ogoniland and other parts of the Nation’s Oil rich Niger Delta, vastly damaged by frequent crude oil spills. Buhari made the pledge during a maiden visit at the United Nations office in Kenyan Capital Nairobi in Conclusion of his three day state visit to East African Nation.
A Scottish oil and gas delegation is visiting Nigeria this week with a view to forming partnerships Scottish Development International is leading the delegation and the participants are aiming to achieve a solid understanding of Nigerian market conditions as well as seeking out potential local partners. The delegation is participating in the Offshore West Africa
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 majors Shell and Eni paid US$1.1bn to an Illegal company and secured exploration and production rights for one of West Africa’s largest oil fields, situated off the coast of Nigeria, Global witness has said. The company called Malabu Oil and Gas, was by the time of payment in 2011 secretly owned by the former
LAGOS The Nigerian National Petroleum Corporation (NNPC) said its latest move to re-negotiate Oil and Gas contracts is a part of a series of measures to save the nation from the devastating sharp fall of revenues from the oil Industry. In a presentation at the 33rd Annual International Conference and Exhibition organised by Nigerian Association of
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
Nigerian President Muhammadu Buhari, in his bid to clear corruption in the Oil sector will leave the Petroleum Ministry vacant and under his close supervision, an official said. Femi Adesina, the spokesperson of ‘Buhari administration’ said the ‘strict president’ will not nominate a candidate for the post of petroleum Minister in Africa’s biggest oil producer.
By Agencies… Western oil executives have warned Nigeria against sweeping changes to commercial contracts that could lead to the government taking a bigger share of revenues from the country’s vast deepwater fields. As Africa’s leading crude producer begins a clean-up of the industry that is its economic lifeblood, the state-owned Nigerian National Petroleum Corporation has
The Nigerian National Petroleum Corporation (NNPC) has secured a US$1.2bn multi-year drilling financing package The money will be used for 36 oil wells under the NNPC and Chevron Nigeria joint venture, according to a statement by Ohi Alegbe, general manager of group public affairs division at NNPC. Of the 36 wells, 23 are onshore and
Nigeria and Angola present attractive growth and operational expansion opportunities for manufacturers in the offshore oil and gas paints and coatings market, according to a report by Frost & Sullivan, a South African-based growth partnership company. With raw material availability and local manufacturing capabilities catalysing production and supply lines, the two countries are rapidly emerging