Stakeholders in the gas sub-sector have disagreed with the Federal Government over the pre-qualification of 13 investors to accelerate the development of gas production facilities in the country contrary to prequalification of 15 companies as core investors in Nigeria’s Gas Master Plan.

ABUJA – The Minister of Mines and Steel, Mrs Diezani Alison-Madueke, has disclosed efforts by government to ensure increased exploration of gold and other minerals in the country in the next couple of years.

Afren has entered into a Joint Venture Agreement (JVA) with Oriental Energy Resources Limited and Energy Equity Resources (EER) for participation in the exploration, appraisal and development of OML 115 offshore South-East Nigeria, adjoining the Ebok and Okwok development area.

Aberdeen-based Containental Offshore (Containental) has strengthened its presence in West Africa following a series of contract wins in the region.

As non-Organisation of Petroleum Exporting Countries (OPEC) oil supply experienced a minor decline of 90 thousand barrels per day (tbd), and OPEC crude increased slightly, it is on record that the wake of the preliminary figures indicated that global oil supply remained steady last month from the previous month to an average of 85.57million barrels per day (mbd). Supply from most OPEC member countries remained relatively steady with Nigeria and United Arab Emirate (UAE) showing individual increases of more than 40tbd, while Venezuela and Angola crude production exhibited declines of more than 20tbd.