Nigeria’s crude oil revenue is set to grow by $17.17 million, about N2.75 billion daily, as the Nigerian Petroleum Development Company, NPDC, is projecting a crude oil production of about 160,000 barrels per day, bpd.

Pioneer tools company, the Nigeria Machine Tools Limited, NMT has stated its readiness to commence full production, aimed at delivering value to critical sectors of the economy.

Nigerian National Petroleum Company, NNPC, is close to launching a multi-sourced financing for the roughly US$2.5 billion Trans-Nigeria Gas Pipeline, TNGP project.

The Federal Government’s desire to achieve commercial oil production in the Chad Basin this year may not come to fruition, due to insecurity caused mostly by Islamic insurgency under the code name, Boko Haram.
Vanguard learnt that the various technical personnel who provided support services for exploration activities have left the region from fear of being killed, while geologists in the Nigerian National Petroleum Corporation (NNPC), also shunned the volatile Basin in Borno State for fear of losing their lives.

Electricity supply in Nigeria, worsened in the fourth quarter (Q4) of 2013, at the peak of the privatisation process, power poll results just released by NOIPolls Limited have shown.
The report said that although power supply to households worsened in Q4, nevertheless, majority of Nigerians (70 percent) were hopeful about the ongoing reform in the power sector.

The Local Content Initiative of the Federal Government is yielding greater results, as indigenous firms are gradually gaining global recognition through their exemplary performance in Horizontal Directional Drilling, HDD Technology, in the Nigerian oil and gas industry.

The Nigerian National Petroleum Company, NNPC, said that gas supply to power plants will improve over the next five weeks, following the massive repair works on ruptured gas pipeline in the Niger Delta region.
The Corporation also said that a total of N800 million had so far been spent on a number of vandalised gas pipelines.

ABB, a multinational electric power solution company, has pledged to set up a local manufacturing power equipment plant in Nigeria.
The development is part of federal government’s privatisation objective that will allow both local and international players to invest in the nation’s power sector.

The Local Content Initiative of the Federal Government is yielding greater results, as indigenous firms are gradually gaining global recognition through their exemplary performance in Horizontal Directional Drilling, HDD Technology, in the Nigerian oil and gas industry.

The member nations of the African Petroleum Producers Association, APPA, have resolved to come up with a common nomenclature for all geological formations across the sedimentary basins of the Gulf of Guinea.