Eight months after the unveiling of guidelines for participation in a much-awaited marginal fields bid round, investors’ expectations appear to have been dashed, as there is yet no clear information on the round expected to have been concluded since May

Lagos State Government has disclosed that it spent about N300 million on the Eko Gas initiative between last year and now.

Divestment in the Nigeria’s oil and gas industry is worrisome due to the level of attendant job losses and other losses that accompany the process. Many of the International Oil Companies, IOCs, operating in the country have sold some of their assets to other interest parties, who may not have the technical and financial wherewithal for the exploration and exploitation activities in the onshore and shallow water production assets.

Federal Government’s quest for strong indigenous participation in the nation’s oil and gas sector has received a boost as Oando Energy Resources, OER, production capacity has reached 50,000 barrels per day, bpd.
The development follows Oando’s completion of the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips at the sum of $1.5 billion.

Ikeja Electricity Distribution Company, IKEDC, said it has created an online platform to facilitate secure, convenient and more efficient payment options for IKEDC post-paid customers, for both energy and non-energy related bills

The renewable energy industry could be spending three times as much on insurance every year by 2020, to mitigate risks to projects, according to a new report by Bloomberg New Energy Finance sponsored by Swiss Re.
The report looked at six of the world’s leading markets for solar and wind, including Australia, China, France, Germany, the United Kingdom and the United States

MICHAEL EBOH A of years now the Federal Government has mused over the removal of subsidy on some petroleum products, notably, premium motor spirit, PMS or petrol and household kerosene, HHK, simply called kerosene. Datelines have been pushed yearly, and now pegged at 2015. However, attempts to remove the fuel subsidy, supported through the Petroleum […]

Last week, the Managing Director, Shell Petroleum Development Company, SPDC, and Country Chair, Shell Companies in Nigeria, Mr. Mutiu Sunmonu, reiterated that the company has not put any price tags on any of the oil blocks it is divesting from. Clara Nwachukwu captured the interactive session with journalists, during which he also spoke on varied […]

Gazprom has shrugged off a Ukrainian proposal to bring in Western companies to invest in the natural gas pipeline which crosses the country, saying other transit routes bypassing Ukraine still promised to make the pipeline redundant.

Laser drilling may be key to make previously uneconomic oil or gas deposits commercially attractive as Argonne National Laboratory (Laser Applications Laboratory) and a group of collaborators are examining the feasibility of adapting high-power laser technology to drilling for gas and oil. The initial phase is designed to establish a scientific basis for developing a […]

The Nigerian Association of Petroleum Explorationists, NAPE, has announced plans to contribute to efforts aimed at bringing about a significant improvement in Nigeria’s crude oil production through the entrenchment of effective meeting and transparent oil and gas accounting system.

The Federal Government has disclosed that it will commence the privatisation of the country’s refineries and concessioning of pipelines and depots immediately the Petroleum Industry Bill, PIB, is passed into law.

The President of National Association of Liquefied Petroleum Gas Marketers NALPGAM, Mr Basil Ogbuanu, has appealed to Federal Government to initiate sustainable polices that will boost the use of gas as cooking fuel in Nigeria.

The former Governor of Central Bank of Nigeria (CBN), Mr. Charles Soludo, has said that the reinforcement of the Enugu Electricity Distribution Company (EEDC), is critical to the economic growth of the South-East geopolitical zone.

The Executive Secretary of the Nigerian Extractive Industries Transparency Initiative, NEITI, Mrs. Zainab Ahmed, said the transparency watchdog is set to implement its audit automation in 2015, to achieve reliable and efficient results.