• Army foils Avengers’ attempt to bomb gas facility, kills two

    Army foils Avengers’ attempt to bomb gas facility, kills two

    According to reports, the Joint Military Force deployed to the Niger Delta, Operation Delta Safe, says it successfully repelled an attack by Niger Delta Avengers at a gas facility in Delta State and killed two pirates in ongoing operations in the region.

    A statement by Lieutenant Colonel Olaolu Daudu, the spokesman of the Joint Force, made this known in Bayelsa State on Tuesday.

    Daudu said the operations were carried out between Saturday and Tuesday.

    He said: “Troops deployed at Delta State while on […]

  • Reps panel decries non-patronage of Nigerians in oil and gas sector

    Reps panel decries non-patronage of Nigerians in oil and gas sector

    It was gathered that the House of Representatives committee on local content has decried the non-patronage of qualified Nigerians in the oil and gas sector.

    Chairman of the committee, Mr. Emmanuel Okon, spoke on the issue during a stakeholders meeting on expatriate quota in the sector. He remarked that most oil firms have no quota approvals for the expatriates working them.

    He further stated that findings by the committee indicated that some of the firms engaged expatriates that are not qualified to […]

  • Reps direct oil and gas company to obtain local content approval

    Reps direct oil and gas company to obtain local content approval

    According to reports, the House of Representatives on Thursday directed oil and gas companies seeking expatriate quota get approval from Nigeria Content Development Management Board (NCDMB) before application to the Ministry of Interior.

    The Chairman, House Committee on Local Content, Hon Emmanuel Ekon, gave the directive yesterday at a stakeholders meeting on expatriate quota for Oil and Gas companies in Nigeria.

    Ekon who decried the violation of the Local Content Act by Oil and Gas companies operating in the country, said many […]

  • Gas Will Generate More Revenue Soon – Kachikwu assures

    Gas Will Generate More Revenue Soon – Kachikwu assures

    According to reports, the Minister of State for Petroleum, Dr Ibe Kachikwu, on Monday said Federal Government would give more attention to the development of gas as a major revenue earner for Nigeria.

    Kachikwu, who stated this in Abuja at the 10th Nigerian Gas Association International Conference, said that the country was determined to reverse its over-dependence on oil as benchmark for the economy.

    The theme of the conference is “Nigerian Gas Roadmap and Its Potential for Regional and Global Influence: Its […]

  • Dangote acquires gas processing company in Netherlands

    Dangote acquires gas processing company in Netherlands

    As part of its strategy to meet Nigeria’s gas requirements, Dangote Industries Limited has completed the acquisition of Twister B.V., a company headquartered in The Netherlands.

    Twister B.V. delivers reliable, high-yield and robust solutions in natural gas processing and separation to the upstream and midstream oil and gas sectors.

    Twister’s unique separation capabilities are designed for augmenting production and streamlining processes, to capitalise on high-yield gas processing for maximising revenues.

    Twister B.V. used to be owned by Shell Technology Ventures Fund 1, before […]

  • Nigeria lost N105.9bn to gas flaring in six months

    Nigeria lost N105.9bn to gas flaring in six months

    Nigeria lost about $336.33 million in the first half of 2016, as oil and gas companies operating in the country flared 112.11 billion Standard Cubic Feet (SCF) of gas between January and June 2016, according to data obtained from the Nigerian National Petroleum Corporation, NNPC.”

    At the Nigerian Gas Company’s average gas price of $ per $1,000 SCF of the commodity, the flaring of 112.11 billion SCF translates to a loss of $336.33 million or N105.9 billion at current exchange rate.

    Giving […]

  • Buhari welcomes Innovative ideas in the gas, technology to reposition national economy

    Buhari welcomes Innovative ideas in the gas, technology to reposition national economy

    Nigerian President, Muhammadu Buhari on Thursday in Abuja said his administration will continue to welcome innovative ideas in the gas, technology and agricultural sectors to reposition the economy.

    Receiving the Letter of Credence of the High Commissioner of the Republic of India, Nagabhushana Reddy, at the State House, President Buhari said Nigeria will strengthen cooperation with the Asian country on education, technology transfer and military training.

    He said: “The relationship between Nigeria and India is a long one. “The relationship pre-dates Nigeria’s independence […]

  • Gas investment deficit denies Nigeria 40,000MW of electricity

    Gas investment deficit denies Nigeria 40,000MW of electricity

    Natural gas reserves capable of generating 40,000 megawatts of electricity for Nigeria have remained idle as several factors continue to hamper investments by oil companies in the business, it has been gathered.

    Despite being home to Africa’s largest natural gas reserves, the country has one of the lowest power generation levels per person in the world.

    Latest figures from the Department of Petroleum Resources showed that the nation’s natural gas reserves had increased from about 189 trillion cubic feet to 192Tcf as […]

  • Beautiful Final Year Student of UNIZIK Dies in Gas Explosion … See Photos

    Beautiful Final Year Student of UNIZIK Dies in Gas Explosion … See Photos

    An elegant Nigerian student with a promising future has lost her life brutally in a gas explosion accident. Female final year student of Nnamdi Azikiwe University, Miss Veronica Ezeh Chioma, died of gas explosion last week in the school hostel.

    Good friends of the deceased who was studying Biochemistry have described her as a very friendly and intelligent person that loved to carry friends along on general issues affecting their

  • FG to commence oil and gas exploration in Chad Basin – Kachikwu reveals

    FG to commence oil and gas exploration in Chad Basin – Kachikwu reveals

    Ibe Kachikwu, Minister of State for Petroleum Resources said yesterday that the Federal Govern­ment will commence ex­ploration of oil and gas in the inland basins, espe­cially Chad Basin and the Benue Trough.

    In a statement by Garba Deen Muhammad, Ka­chikwu, who is also the group managing director of the Nigerian National Petroleum Corporation (NNPC) said the corpo­ration is diversifying its portfolio.

    The statement said the NNPC, through its Fron­tier Exploration Services and Renewable Energy Division (FESRED), had progressed reasonably with seismic acquisition […]