Houston — The world’s newest oil-producing nations grabbed the spotlight at this week’s Offshore Technology Conference with ambitious plans to…
Browsing: Offshore Technology Conference
News wire — Guyana’s economy is expected to expand by 500% by 2030 as companies continue to plumb its offshore…
Houston — Guyana’s vice president told a U.S. energy conference on Tuesday that the nation would develop its massive oil…
10 May 2018, News Wires – April was another good month for oil and gas employment in the US, according…
05 May 2018, News Wires – The oil and gas industry is currently in the middle of a digital transformation. Essentially,…
“In the past, most Nigerian energy and petroleum industry players spent huge foreign exchange to attend the popular Offshore Technology Conference (OTC) in Houston, U.S. Today, Kachikwu has changed the narrative by conceptualising and hosting the new Nigeria OTC, that seeks to bring investors and players in the sector to Africa for the first time.”
He said, “Thankfully, a breakthrough came in the form of the declaration of cooperation. This was the culmination of an extensive consultation undertaken throughout 2016 with the aim of gaining consensus about the strategic urgency of bringing this market back to balance in a collective manner.”
He said the maiden edition of the NIPS which is scheduled to hold from 18th to 22nd February, 2018, would provide a veritable platform for the international oil companies and other relevant stakeholders to brainstorm on ways to move the Nigerian petroleum sector forward.
He further stated that the United States Government has a high level of respect for the people of Nigeria and pledged willingness to continue to encourage US companies to invest in Nigeria’s oil sector.
It also stated that the consortium will assume the design, procurement, construction and transportation of the Kaduna-Kano pipeline Line and training work. “The proportion of the Company in the construction sector is 80%, is expected to be about $949 million.”
