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Nigeria spends N23bn on import of gas turbines

Nigeria imported gas turbines for electricity generation valued at N22.607 billion in the first quarter of 2017, according to data obtained from the National Bureau of Statistics, NBS.

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FG eyes Russian investment in oil sector

THE Federal Government has invited Russia and investors from the country to invest in the Nigerian oil and gas sector. In a statement by the Ministry of Petroleum Resources in Abuja, Minister of State for Petroleum Resources, Mr. Ibe Kachikwu met with his Russian counterpart, Alexander Novak, where they explored areas of mutual interest in the oil industries of their countries.

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SNEPCo’s Bonga produced 702mn b/d in 12 years

SHELL Nigeria Exploration and Production Company (SNEPCo), has stated that it’s deep-offshore Floating, Production, Storage and Offloading (FPSO) at Bonga has produced over 702 million barrels of oil since inauguration in 2005, stressing that the field is currently operating at more than 92 percent capacity due to constant maintenance.

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