BG dives in off Tanzania: UK player BG Group has been given the go-ahead to farm in to blocks 1, 3 and 4 off southern Tanzania.

Shell to complete project in Niger Delta:Shell to complete project in Niger Delta

NNPC undermined – 5 GMDs in 3 years : THE Nigerian National Petroleum Corporation (NNPC) has witnessed the appointment and replacement of 5 Group Managing Directors (GMDs) to superintend its affairs in less than 3 years, undermining the corporation’s policy focus and direction and by extension that of the country’s oil and gas industry.

Sweet crude gathered that the latest change at the NNPC which saw the replacement of Mallam Shehu Ladan as GMD barely one month after his appointment with Mr. Austen Oniwon may have sealed any hope of commitment to spending on the part of the international oil companies.

by Oscarline ONWUEMENYI The parlous state of the Nigerian power sector received a shot in the arm with the recent issuance of a $100 million grant by the World Bank to guarantee private investment within the sector, under the Commercial Reorientation of the Electricity Sector Toolkit (CREST) initiative of the bank. According to the World […]

by Victor AHIUMA-YOUNG WORKERS in the nation’s petroleum industry, in a bid to address the proliferation of contract and service employment in sector which they perceived as unfair labour practices and potentials for industrial unrest, have presented a position paper on how it should be addressed to avoid a disruption of the industrial peace. At […]

WORKERS in the nation’s Petroleum industry have called on the Acting President, Dr. Goodluck Jonathan, to address nagging issues of contract staffing and other unfair labour practices among multinational and local companies in the sector. Under the umbrella of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, the oil said this is […]

Dominion has received its drilling permit for the Ngaji-1 well on Exploration Area Block 4B (EA4B), Dominion’s first exploration well in Uganda and the first ever to be drilled in the Lake Edward basin. The permit was issued by Uganda’s Department of Petroleum Exploration and Production. Dominion’s team in Uganda is implementing a comprehensive program, […]

SENATOR Lee Maeba is the Chairman of the Senate Committee on Petroleum (Upstream). Those who know him describe him as irrepressible, blunt and indefatigable. In this interview with Hector Igbikiowubo, Editor, Sweet crude, he speaks on the Petroleum Industry Bill (PIB), 10 per cent for oil producing communities, the Nigerian Content Bill (NCB) and describes […]

SOBOMABO Jackreec aka Egberipapa was a former leader of the Movement for the Emancipation of Niger Delta (MEND). He was among prominent ex militant leaders in the region that gave up militancy following the presidential pronouncement of amnesty for repentant militants in the region. Recently, he spoke with Jimitota Onoyume of Sweet crude on a […]

by Samuel OYADONGHA Yenagoa-The Joint Task Force has smashed yet another syndicate with international connection that specializes in lifting stolen Nigerian crude following the interception of a vessel laden with crude oil on the Brass fringe of the Atlantic Ocean. The seized vessel owned by a Greek firm, Blossom S.A was carrying 800 metric tonnes […]

In it s15 years as a full fledged Ministry, the Ministry of Mines and Steel Development in March this year produced its 15th Minister, Arch. Musa Mohammed Sada. That means that the average staying period of a Minister in this Ministry is just about a year. At its best, Sada would have to put in […]

by Patience SAGHANA Nigerian insurance industry could enhance its capacity and confidence in the oil and gas insurance business if insurance companies can do more of conventional reinsurance treaty and expose their staff to more training. Those are the submissions of Mr Jide Wright, Executive Director of the Lasaco Assurance Plc in an interview with […]

Following Petrobras’ announcement in February, Eni and Sonangol confirmed two new oil discoveries in Block 15/06 with the exploration wells Nzanza-1 and Cinguvu-1, offshore Angola. Both wells are located around 350km north-west of Luanda in 1,400 meters of water depth and successfully reached the targets in the Lower Miocene layers, where oil pay sands with […]

by Luka BINNIYAT ABUJA The Project Coordinator, Sustainable Management of Mineral Resources Project (SMMRP) Mr. Linus Adie has cited a World Bank study on Nigerian Dimension Stones (Granite and Marble) sector as capable of producing 1 million jobs in a short time, while cutting the high production cost of tiles in Nigeria by 100% Meanwhile […]

by Yemie ADEOYE FOLLOWING the seeming interest and commitment of the Acting President, Dr Goodluck Jonathan in the power sector, the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mallam Shehu Ladan has stated that he would give top priority to the issue of gas in order to enable the various power […]