Soaring like an eagle in the Nigerian oil and gas sector is Vandrezzer Energy Services Limited. A first encounter with the name seems to speak of a German root but, VANDREZZER is a Nigerian company which has passionately embraced the local content initiative which has imbued it with the vision to excel.

THE Nigerian Ports Authority(NPA) has awarded a N3bn for the construction of the I. 6 kilometre road, as part of measures to enhance efficient cargo release at the nation’s seaports, especially the Lagos Ports Complex, which accounts for over 75 percent of Nigeria’s cargo traffic.

VALLOUREC ranks among the world’s leading manufacturer of tubes and joints for oil well equipment and operations. Today, it is the No. 2 producer of drill pipes worldwide.

President of the African Development Bank (AfDB), Donald Kaberuka, says African nations joining the elite club of oil and gas producers should invest in education and roads while supporting traditional sectors to avoid the “oil curse” trap.

Chevron Nigeria Limited, CNL, has begun the process of drilling a relief well to seal the shallow water Funiwa 1A natural gas well. The relief well is being drilled to extinguish a fire that began since January 16, at the original well approximately six miles (10 km) off the coast of Nigeria.

The minerals and mining sector in Nigeria appears to be getting a lot of attention at the moment, especially from ‘big money’ international investors, which is truly a decent reward after more than a decade of government’s battle to reform and restructure the industry.

PORT HARCOURT: MINISTER of Agriculture and Rural Development, Dr Akinwumi Adesina has enjoined Nigerians to grow the agricultural sector of the economy, stressing that it has the capacity to change the future of the country.

A FPSO (Floating, Production, Storage and Offloading) system is a converted or custom-built ship-shaped floater, employed to process oil and gas and for temporary storage of the oil prior to transshipment. The FPSO system is used extensively by oil companies for the purpose of storing oil from the oil rigs in the middle of the ocean and in the high seas.

TRADE Union Congress of Nigeria, TUC, has declared that there is no guarantee that the deregulation of the downstream sector of the nation’s petroleum industry will bring the much talk about investment in the sector.

Bayelsa State Government has called for the co-operation of major stakeholders in the oil and gas sector to check the problems of pipeline vandalism, oil theft and the rising incidence of illegal refineries.