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NNPC earns N203bn fuel income in July
Gas production rises by 4% A total sum of ₦203.73billion was made on the sale of white products in the month of July 2021 by the Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the Nigerian National Petroleum Company…
Defamation: Oil industry group demands justice for Wabote
Sopuruchi Onwuka An association of indigenous petroleum players in the country have risen in support of the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, in his demand for justice over defamatory publication by…
Ampo Poyam partners NMT for African operations
Sopuruchi Onwuka Nigerian Machine Tools (NMT) Limited may have become early runners in the diversification of Nigerian Content policy across key sectors of the Nigerian economy as it strikes a major partnership deal with Spanish equipment component producer, Ampo Poyam…
Pfizer claims a hit at Omicron
Pharmaceutical firm, Pfizer, has declared that a third shot of its vaccine provides robust protection against the Omicron variant of the coronavirus, according to agency reports. Chairman and Chief Executive that even if the new strain is more transmissible, Albert…
Local Content: Butane Energy’s LPG plant opens in Katsina
Butane Energy Limited, one of the gas based business supported with equity investment by the Nigerian Content Development and Monitoring Board (NCDMB) has opened its 100 metric tonnes Liquified Petroleum Gas (LPG) Storage and Bottling Plant in Kabukawa layout, Katsina…
NGA holds industry forum to explore opportunities for gas in Nigeria’s PIA regime
Apex professional body responsible for the promotion and protection of the interests of the gas industry in Nigeria, NGA holds industry forum to explore opportunities for gas in Nigeria’s PIA regime. In consonance with the Federal Government of Nigeria’s vision…
Nigerian oil industry spends $20.4bn on local fabrication, engineering
NCDMB raises Nigerian Content to 42% The Nigerian Oil and Gas Industry spent approximately $20.4billion between 2016 and 2020, particularly in key areas such as Engineering, Procurement, Fabrication, Project Management, and Services. Executive Secretary, Nigerian Content Development and Monitoring Board…
Investors declare Nigerian Content Policy successful
NNPC Limited to domesticate 80% of transactions Sopuruchi Onwuka Players across the streams in the Nigerian petroleum industry have declared the local content policy in the country very successful despite visible disputes that have clogged its smooth implementation in the…
JP Morgan sees oil hitting $125 in 2022
Crude oil could soar to $125 per barrel next year and $150 in 2023 due to OPEC’s limited capacity to boost production, JP Morgan analysts said in a new report. “OPEC+ is not immune to the impacts of underinvestment…. We…
PIA: IOCs plan $60 bn FID on 6 deepwater projects
Sopuruchi Onwuka International oil companies that hold substantial reserves in the Nigerian deepwater basin will ink landmark final investment decisions (FIDs) on six offshore oil and gas developments by next year, ending over 12 years of activity lull in the…
