December 17, 2017

New dawn for indigenous operators in Nigeria’s petroleum industry | The Guardian Nigeria

oil and gas industry in Nigeria

After several decades of being dominated by multinationals, #nigeria’s petroleum industry is seeing increasing participation by local operators. Indigenous companies have purchased billions worth of assets from firms such as Eni, Shell, Chevron and Total in the past five years. Shell, along with many other oil majors is going through a broad process of asset sales in the country in an effort to cut costs and boost profits. Other companies, including Total, Eni, Chevron and ConocoPhillips, are divesting from Nigeria’s oil and gas sector, which has been plagued by rising oil spills, sabotage and industrial-scale theft from Nigerian wells and…

NUPENG Congratulates General Buhari on his Victory

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG)

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) congratulate the newly elected President of the Federal Republic of  Nigeria, Major-General Muhammadu Buhari (Rtd) on his victory at the recently concluded general election. NUPENG salutes the newly elected President and believe that he will bring his past leadership experience to bear in moving the nation forward. The Union states that the election which was free and fair shows that Nigerians have spoken and hope that his election will bring about the long expected transformation in the Nation’s Oil and Gas Industry. As a former Minister of Petroleum Resources and…

Middlemen Feeding Fat on Petroleum Subsidy

Dr. (Mrs) Diezani Alison-Madueke

Daily Independent Minister of Petroleum Resources, Dr. (Mrs) Diezani Alison-Madueke, last week, had an interview session with journalists in Abuja, during which she provided answers to some nagging issues affecting her personality, Nigeria and the oil industry in general. Senior Reporter, OBAS ESIEDESA, who was there, provides the excerpts: What is the position of government on kerosene subsidy? There was a Presidential directive to withdraw subsidy on kerosene. It is possible that the Minister of Petroleum at that time must have gone to discuss it with the President and might have been able to convince him the on the need…

Petroleum Minister to inaugurate three 25MW Gas Turbines in PHRC

refineryPHRC

In order to ensure uninterrupted power supply to the Port Harcourt Refining Company Limited (PHRC), the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke is to commission three 25 megawatts gas turbines, installed and operated by an independent power producer. The initiative is part of pragmatic measures to ensure continuous and unimpeded refining of petroleum products in PHRC. The Group Executive Director, Refining and Petrochemical of the Nigerian National Petroleum Corporation, Engr. Gregory Udoh disclosed this in an exclusive interview in Abuja. Engr. Udoh said the arrangement with the independent power producers was aimed at ensuring steady power supply to the…

Alison-Madueke Elected OPEC’s First Female President

Diezani Alison-Madueke (Mrs.), con, Minister of Petroleum Resources Elected OPEC’s First Female President

…Shale Oil is a Major Game Changer The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has been elected as the first female President of the Organization of the Petroleum Exporting Countries (OPEC) in the 166th meeting of the OPEC Conference in Vienna, Austria. Mrs. Alison-Maduke takes over from His Excellency Abdourhman Atahar Al-Ahirish, Libya Vice Prime Minister for Corporation and her tenure takes effect from January 2015. Before her emergence today, she was the Alternate President of the Organization. The Conference also elected His Excellency, Dr Mohammed Bin Saleh Al Sada, Minister of Energy and Industry of Qatar and Head…