Eastern Ports Rehabilitation: FG awards Escravos Channel dredging, breakwater reconstruction
As part of efforts to revitalize the Eastern ports, the Federal Government, through the Nigerian Ports Authority (NPA), has awarded the contract for the reconstruction of the dilapidated Escravos Channel at Warri Port, Delta State. Confirming the development, Mr. Ikechukwu Oyenmakara, General Manager of Corporate and Strategic Communication at the Nigerian Ports Authority, stated that […]
KNOC demands restoration of OPLs 321, 323
THE Korean National Oil Company, KNOC has urged a High court sitting in Abuja to restore its two oil prospecting licences revoked earlier this year by the Federal Government over the company’s alleged inability to pay in full the signature bonus put at $485 million.
Nigeria’s gas reserves placed at 600 trillion cf
By Yemie Adeoye NIGERIA’S present gas reserves may have gotten up to 600 trillion cubic feet (tcf), away from the much reported 187 (tcf) , if a report said to be issued by the United States Geological Survey is anything to go by.
Nigeria needs efficient database to develop oil sector -Norwegian envoy
AMONG countries operating in the extractive industry, Norway is a model on transparency and has been trying to assist Nigeria in this regard.
PTDF extends upgrade programme to state universities
ABUJA – THE Petroleum Technology Development Fund will from this year extend its upgrade of departments in Nigeria universities to the state government-owned institutions.
Nigeria produced 2,049,418 bopd in first qtr 2009
By Yemie Adeoye THE nation’s oil  production figure for first quarter 2009 as released by the Department of Petroleum Resources, DPR in Lagos recently has been put at 2,049,418 barrels of oil per day, bopd. The Acting Director of Petroleum Resources, Mr. Billy Agha stated this during the first quarter media briefing of the department […]
