Dana Petroleum has signed an exclusive letter of intent (“LOI”) with the Texas-based company Hyperdynamics Corporation .Read More
Shell’s output from Nigeria’s on-shore play has been heavily curtailed by violence, the Anglo-Dutch super-major Shell’s chief executive Peter Voser said today.Read More
Sky Petroleum has entered into a non-binding letter of intent to invest in and acquire Suntera’s interests in two onshore oil & gas blocks in Nigeria. Suntera is expected to become a key shareholder in Sky Petroleum.Read More
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr.Abdallah El_Badri has described the deregulation policy of the Federal Government as a welcome development assuring that the Organisation will support the Government for it to succeed.Read More
FEDERAL Government’s plan for deregulation of the downstream petroleum sub-sector in Nigeria has faltered yet again with indications that payment of subsidy to petroleum import marketers may remain the order of the day for some time.Read More
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MORE than 90 days after the amnesty package for militants in the Niger Delta came to a close, an air of uncertainty persist over the effectiveness of the initiative, especially against the backdrop of threats by the Movement for Emancipation of the Niger Delta (MEND) to call off its cease-fire and reports that government has been busy acquiring fast attack helicopters and flat bed speed boats for a final showdown with militants.Read More
By Hector Igbikiowubo CHIEF Timipre Sylva, the Executive Governor of Bayelsa State has been in the new lately over his efforts at stemming the crippling effects of militancy in the Niger Delta. In this interview he granted Hector Igbikiowubo, the Editor of Sweet Crude, he speaks about the presidentâ€™s proclamation of amnesty to militants, urging
THE Nigerian Extractive Industry Transparency Initiative, NEITI, is empowered by the NEITI Act of 2007 to enforce revenue disclosures earned from oil, gas and mining sectors of Nigeria and how the funds are disbursed with clearly spelt out penalty for defaulters.Read More
DSME announced that on Sep. 12, the hull of the Pazflor FPSO was launched at No.1 dock.Thierry Peron, project manager of Pazflor FPSO for TOTAL, said, “We are very pleased to see the hull activities started and finished on time in the dry dock and that they were completed without an incident.Read More
The Sankofa-A1 well, drilled at Cape Three Points Block on Ghana’s offshore by Ghana National Petroleum Corporation (GNPC) in conjunction with Vitol Upstream Ghana Limited (Vitol), discovered a net hydrocarbon column of approximately 36.3 metres.
It comprised 33.1 metres of gas and 3.2 metres of oil in reservoir sands of Campanian age.
THE Shell Petroleum Development Company of Nigeria Limited (SPDC) has taken delivery of detailed engineering design for a project that will put out gas flares in three fields in Western Niger Delta.Read More
DR. Timiebi Koripamo-Agary from Odi in Kolukuma/Opokuma LGA in Bayelsa State was born in Port Harcourt and attended the famous Archdeacon Crowther Memorial Girls School, Elelenwa, Port Harcourt where she finished in 1965.Read More
With the opportunity for public input into the Petroleum Industry Bill (PIB) foreclosed as the National Assembly winded up its Public Hearing on the matter last July, Nigerians are awaiting with anxiety what would eventually come out of the two chambers as a final Act for the President to endorse or reject.Read More
Dr. Rilwanu Lukman, Nigeria’s minister of petroleum resources and former OPEC president and secretary general needs little introduction, especially since he is a household name in global oil and gas operations.Read More