FG To Maximize Local Content Opportunities In Midstream/Downstream Sectors

FG To Maximize Local Content Opportunities In Midstream/Downstream Sectors In a year in which unemployment rate is projected to reach 33 percent, it is indeed laudable that the Nigerian Content Development and Monitoring Board (NCDMB/the Board) are at the centre of optimizing opportunities for job creation. To break this down, Unemployment rate refers to the […]

The IOPC Funds

The IOPC Funds  The International oil prevention compensation fund came into being following Torrey Canyon disaster on 18th March 1967, a super tanker which ran aground on the rocks off the south- west coast of the United Kingdom spilling crude oil estimated at 25-36 million gallons. International Maritime Organization IMO which is   primarily concerned […]

International Women’s Day 2022 – #BreakTheBias

Breaking the bias to me is a level playing ground for everyone to thrive, to be valued and respected equally regardless of gender, equal pay for equal work and close the gender pay gap. Everyone needs to take a stand against inequality, and this is achievable by first accepting that this bias exists and knowing […]

Cash Crunch: DPR Rescued Us In April — FG

Wednesday, May 19, 2021 The Minister of State for Petroleum Resources, Timipre Sylva, on Tuesday revealed that the Department of Petroleum Resources (DPR) rescued Nigeria from a financial crisis by remitting funds to the Federation Account Allocation Committee (FAAC) last month. He made this statement in Abuja during an interactive session with newsmen. The Nigerian […]

DPR’s Alternative Dispute Resolution Centre Resolves First Case

Monday, May 17, 2021 The Department of Petroleum Resources (DPR) said that the Oil and Gas Alternative Dispute Resolution Center (ADRC) in Lagos, has successfully resolved its first case. This is in line with the Federal Government’s objective for speedy resolution of disputes in the industry. DPR Head of Public Affairs, Paul Osu, who made […]

Nigeria Confirms Talks with Shell Over Sale of Onshore Oil Assets

Wednesday, May 19, 2021 (Lagos) Nigerian oil minister, Timipre Sylva, confirmed on May 19 that the government is in talks with Shell over sale of the company’s stakes in Nigeria’s onshore oil assets. “The federal government is in consultation with Shell on its divestment plan, although some actually feel that Shell should not hurriedly divest,” […]

Shell in talks with Nigeria to exit onshore oil fields as part of green push

By LAURA HURST on 5/18/2021 LONDON (Bloomberg) –After half a century of pumping oil out of Nigerian swamps, Royal Dutch Shell Plc acknowledged that its spill-prone operations there aren’t compatible with plans to go green. The Anglo-Dutch company has been gradually selling onshore assets in the West African country for more than a decade, as […]

NIMASA to Launch Deep Blue Project to Secure Nigerian Waters

Receives Last Batch of Assets Under Project Sunday, May 16, 2021 In the final phase of the delivery and installation of assets under the Deep Blue Project designed to secure Nigerian waters up to the Gulf of Guinea, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, received a Special […]

2021: FX Stability Crucial to the Nigerian Oil and Gas Industry

The stability and predictability of the Nigerian foreign exchange market would prove critical to repositioning the oil and gas industry in 2021 said Dr. TominiyiOwolabi,  Partner, Oil and Gas, Olaniwun Ajayi LP. Owolabi said beyond the passage and signing of the petroleum industry bill (PIB), Nigeria needs to build an environment that encourages investments and […]