Dr. Teslim Sanusi, the President of the Nigerian Council of Registered Insurance Brokers (NCRIB) in this interview with Patience Saghana of Sweet crude explains the implications of the proposed N100million capital base for brokers, the damage repair being embarked upon by the body and the neglect of local brokers by NNPC and many more.

Custodian and Allied Insurance Plc is leading 39 other insurance companies on the 2010/2011 Nigerian National Petroleum Corporation- Consolidated Insurance Policy (NNPC-CIP) just as co-insurers on the accounts are commending the lead insurer over the way and manner it has coordinated the accounts.

THE 2010 Nigeria oil and gas conference/exhibition which ended last week in Abuja threw up some key issues that would dominate debate on both the political and the oil and gas arena for some time to come.

MR. Ernest Nwapa is the General Manager in charge of the Nigerian Content Division at the Nigerian National Petroleum Corporation (NNPC).

THE Oyo filed promoted by the Nigeria Agip Exploration Company and Allied Energy Plc, an indigenous oil company has finally come alive after gulping a whooping $963 million (about N143.4 billion).

Understanding the dynamics of money with relation to value addition is a major gap that the Nigerian Leadership must close to achieve its Nigerian Content goals. It is needful to take a holistic view of how the Nigerian Local Content Policy must be applied to reduce capital flight and increase FDI.

IN what appears an ambiguity of sorts, the Chief Operating Officer (COO) of ENI Worldwide Exploration and Production, Mr.Claudio Descalzi has reaffirmed his company’s commitment to double its investment in Nigeria’s oil and gas industry, while also noting that uncertainties surrounding the new Petroleum Industry Bill (PIB) are, in his opinion, preventing the Industry from investing in the Country.

Nigerdock’s fabrication facility located in Lagos, recently reached the milestone of 700,000 man hours progress in the Satellites Field Development Phase 1 project (SFDP-1) for Mobil
Nigeria (MPN) with zero lost time incidents.

SweetCrude is a Vanguard monthly review of the Nigerian energy industry. Click here to Download the PDF (Do not click on the image) Download the PDF

THE Nigeria National Petroleum Corporation (NNPC), the state-run national oil company has attempted to provide a clear cut direction for the oil and gas industry currently bedeviled by an atmosphere of uncertainty owing to the pending passage of the Petroleum Industry Bill (Bill) before the National Assembly.