GE and Noble launch world’s first digital drilling rig

Following the partnership formed by GE (NYSE: GE) and Noble Corporation plc (NYSE: NE), the two companies launched the world’s first digital drilling vessel, targeted to...

Milost injects $350m into Japaul Oil to expand oil service, mining businesses

Japaul Oil & Maritime Services Plc has received a financing facility of $350 million from Milost Global Incorporated aimed to expand its operations. The financing...

$1.3b facilities, 20,000 jobs at risk as delays stall major upstream projects

If a new upstream project is not approved after the completion of the Egina Floating Production Storage Offloading (FPSO) vessel, ship repair and fabrication...

NIMASA, NCDMB to partner on provision of 100 cabotage vessels

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside has said that talks between the agency and the Nigerian Content...

FG in talks with CBN, IFC, NSIA to finance modular refineries

The federal government on Wednesday said it was talking with potential financiers, including the Central Bank of Nigeria (CBN), International Finance Corporation (IFC) and...

Oil installations still under threat – NIMASA DG

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said that oil and gas installations in the country are daily...

PPPRA says it is unaware of NNPC’s new subsidy payments

The Petroleum Products Pricing Regulatory Agency (PPPRA) on Tuesday said it was not aware of details of payment of subsidy on petrol by the...

NCDMB targets 3,000 jobs with $200m intervention fund

The Executive Secretary, Nigerian Content Development and Monitoring Board, Mr. Simbi Wabote, has said the recently launched $200m Nigerian Content Intervention Fund is targeted...

NLPGA says deregulation responsible for rapid development of LPG sector

Mr. Nuhu Yakubu, the President of the Nigeria Liquefied Petroleum Gas Association (NLPGA), has identified deregulation as a major single factor responsible for the...

No clear policies exist in award of Nigerian oil, gas licenses – NNRC

The Nigerian Natural Resource Charter (NNRC), has disclosed that there are currently no clear policies in the award of oil and gas licenses in...

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