Notice of Nembe Creek Trunk Line (NCTL) Shutdown
. Less than 24hrs after starting up the NCTL from repairs of identified leak points occasioned by activities of oil thieves, 2 new leak points were reported along the line near Awoba Riser Manifold. Our emergency response process was immediately activated, and containment boom deployed to limit oil spread on bodies of water whilst efforts to identify […]
ThrowBack Thursday: Oloibiri Oil Discovery (1959)
A very major bulk of Nigeria’s wealth since the 1950’s has been from oil; and quite a majority of this oil have been explored in the Niger Delta region of Nigeria. Until oil was discovered, agriculture was the primary contributor to the entire Gross Domestic Product (GDP), and everyone went to sleep since then, except […]
The NBS’s Report on Nigeria’s GDP for Q3 2016: The Silver Lining You Probably Missed
On Monday, the National Bureau of Statistics (NBS) let the public into its summary of Nigeria’s economic performance in the months of July, August and September- the third quarter (Q3) of 2016. Its assessment, grim as it was, didn’t shock most observers- the oil sector shrank by a monumental 22% points, casting a dark shadow […]
Letter to Ken Saro-Wiwa
Dear Ken, It’s twenty years now since you left us. I’m partly from Rivers State given that my mum is from Opobo. I was only but a child when they took you away from us. I was just fifteen years old then to be precise. My father had sent me to get the dailies when […]
Oando Acquires ConocoPhilips for N2.3 Trillion
Offshore oil company, Oando Plc, on Wednesday completed the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips for $1.5 billion – N2.3 trillion. Oando announced the acquisition in Lagos in a press statement by Alex Irune, Head of Media and Communications. He said that they arrived at the cost outlay of $1.5 […]
West Africa Continues to be a Significant Oil and Gas Producing Region in the World
Lagos, 15 June 2014: The inaugural FPSO Africa 2014 conference took place 10 – 11 June in Eko Hotel Lagos, Nigeria. The conference was the first gathering in the region to discuss FPSOs, attracting the likes of NNPC, NCDMB, FB Capital, Adepetun Caxton-Martins Agbor & Segun, GOGSPA Ghana and many more FPSO industry […]
Nigerian Oil and Gas Sector Attracts N52.921 Billion in Past 15 Months
It has been reported that the Nigerian oil and gas sector has attracted foreign investments totalling N52.921 billion in the last 15 months, according to data gathered and a report released by the National Bureau of Statistics titled: “Nigerian Capital Importation: summary report 2007 – 2014”. The oil and gas sector recorded up to […]