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Oil & Gas

Addax to Invest $5bn in Nigeria

Addax Petroleum Development Nigeria Limited has conclude arrangements to invest an estimated $3 to $5 billion in Nigeria. According to Dorothy Atake, the General Manager,  External and Government Affairs of the company, the investment is part of Addax’s goal to optimize its operations and increase production from its assets. To …

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Erin Energy Spuds Oyo-NW

Erin Energy has spuded the Oyo North West Well (Oyo-NW), a high-impact exploration well offshore Nigeria. The well is being drilled using the Pacific Bora and is expected to take approximately 60 days to drill and log. Chief Executive Officer of the company, Femi Ayoade,   said, “we are extremely …

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NNPC Attains 98% Automation of Crude Oil Marketing

The Nigerian National Petroleum Corporation (NNPC) has achieved 98 per cent automation of all transactions involving the supply, marketing and sale of the various grades and blends of Nigeria’s crude oil across the world. Group General Manager, Crude Oil Marketing Division of the Corporation, Malam Mele Kyari, stated recently in …

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Nigeria’s Oil And Gas Industry Restreaming?

From John Meze, Lagos: Nigeria’s oil and gas industry, especially the upstream sub-sector, which seemed to have been in a quandary following the cascading of the crude oil and gas prices in the international market may have been experiencing a respite due to the ongoing  price spike in the market. …

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Groups, Communities to Acess 75% REA Funds

By John Meze, Lagos: The Minister of Power, Works and Housing, Babatunde Raji Fashola(SAN), has stated that   vulnerable groups and communities would gain access to 75 percent funding to support their electricity development programmes through Rural Electrification Agency (REA) Fund. The Minister, who made this known at the 21st …

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