Heirs Energies, Renaissance Africa collaborate to drive Nigeria’s oil and gas devt
Heirs Energies Limited and Renaissance Africa Energy Company have expressed mutual commitment to strategic collaboration following a high-level courtesy visit by Osa Igiehon, CEO of Heirs Energies, to Renaissance's leadership team, led by the Managing Director, Tony Attah.
Nigeria’s crude falls to 1.96mbd
Nigeria’s crude oil output declined to a six-month low of 1.96 million barrels per day, mbd, according to the International Energy Agency, IEA.
Samsung Heavy to build $3.0bn oil storage in Nigeria
South Korean shipbuilder Samsung Heavy Industries said Thursday it had won a $3.0 billion order to build a giant offshore oil storage platform in Nigeria.
Chevron shops for indigenous buyers for oil blocks
Nigerian unit of America’s oil major, Chevron Corporation, said it will prefer that indigenous operators acquired the two oil blocks it is divesting from located offshore Bayelsa in Nigeria’s oil-rich Niger Delta.
Treat stolen oil like blood diamonds – Alison-Madueke
As thieves siphon 200,000 barrels a day in Nigeria, Petroleum Minister, Mrs. Diezani Alison-Madueke, in a recent interview said she is determined to crack down on the country’s £1billion-a-year ‘blood oil’ industry, as the well-resourced gangs are diverting some 10 per cent of the country’s oil production and channelling the money into kidnapping, piracy and […]
Nigeria to earn N46bn yearly from pipe fabrication
The Nigerian Content Development Monitoring Board, NCDMB, said Nigeria will earn about $300 million (N47.7 billion) annually or $1.2 billion (N190.8 billion) over the next four years, between 2013 and 2017, in the local production of steel pipes for the exploration and production of crude oil in Nigeria.
