Wednesday, June 29, 2011- Total Upstream received an award of excellence jointly conferred by Emergency Response International (ERI), Advanced Life…
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THREE of the international oil companies operating production sharing contracts, PSCs with the Federal Government through the Nigerian National Petroleum Corporation, NNPC have dragged the later before arbitration seeking restitution over alleged scandalous crude oil grab denying them revenues in excess of $8 billion.
The Petroleum Industry Bill (PIB) has become one of the most important policy instruments of the Federal Government of Nigeria and is a major decider of the future structure of Nigeria’s oil and gas industry. It is also the most controversial. I would like to add that how the Goodluck Jonathan administration concludes this initiative started by the Yar Adua/Jonathan Government will fundamentally define the oil and gas industry and the country going forward.
Prior to the riveting exchange of brickbats between former President Olusegun Obasanjo and his deputy, Atiku Abubakar which lasted for most of their second tenure, not many Nigerians knew about the existence of the Petroleum Technology Development Fund, PTDF, talk less of the lofty objectives it was designed to accomplish – except, perhaps, a sprinkling of bureaucrats and persons with inside information.
The USAN FPSO arrived on site on the 31st July, 2011 after 3 months of being towed from Ulsan, South Korea. The FPSO is currently undergoing Customs clearance. , Mooring will start immediately after preliminary check-up procedures are concluded.
About a decade and half ago, the less than 200,000 population nation of subsistent farmers was dependent on an annual…
…To obtain $2bn from Japanese consortium George Frankling In a bid to diversify sources of funding its projects, the NNPC…
Doha, 31 July 2011 – International law firm Baker & McKenzie has acquired sufficient carbon credits to offset all the…
A major step in the activation of President Goodluck Jonathan’s Gas Revolution agenda was taken during the week when a…
EFFORTS to ensure a more efficient refined and unrefined products distribution network and indeed, put an end to pipeline vandalism in the oil and gas industry, have received a major boost with the acquisition of a $40 million dollar Horizontal and Directional Drilling, HDD, Rig by an indigenous Nigeria oil service company, FENOG Nigeria Limited, based in Warri, Delta state, Niger-Delta.
