By Olatunde Dodondawa The Department of Petroleum Resources (DPR) has revoked the oil licenses of of five companies due to non-settlement of legacy debt. The revocation of oil licenses was contained in a public notice issued on Thursday. The DPR revoked Oil Mining Licenses (OML) and one Oil Prospecting License […]
Recent Posts
Celebrating LGBTQ’s Pride: President Trump deserves accolades not criticism
By Olatunde Dodondawa June 1 was a special day for the special people, The LGBTQ Community, and the most prominent comment was from the World President, Donald Trump. President Trump’s celebration of LGBTQ’s right was met with criticism by some commentators across the globe. Mr. Trump said on Friday on […]
SEPLAT partners NNPC to produce 300m scuf/d
Seplat Petroleum Development Company Plc has partnered the Nigerian National Petroleum Corporation (NNPC) to deliver 300millon standard cubic of gas per day to the domestic market through the ANOH Gas Processing Company (AGPC). The ANOH project is designed to abridge the estimated 3.4 billion cubic feet of gas per […]
Ikeja Electric inducts 32 graduates into Young Engineers Programme scheme
By Olatunde Dodondawa As part of its efforts aimed at developing human capacity through training, Ikeja Electric inducted 32 graduates into its ‘Young Engineers Programme’ scheme which is a 12-month classroom and hands-on training. Speaking at the induction ceremony on Thursday, the Chief Human Resources and Administration Officer, Henry Ajibola, […]
15 African Petroleum Ministers to meet in Cape Town
By Olatunde Dodondawa The ministers will be using Africa Oil Week Summit as a platform to discuss national strategies, sovereign competitiveness, issue licences and finalise tenders. With pressure growing on Sovereigns to develop attractive operating environments, the ministers will be detailing their hydrocarbon strategies to an audience of 1500+ senior […]
Solving Nigeria’s Power Sector Crisis Using Nuclear Technology
Nigeria’s perpetual erratic power supply has continued without any solutions in sight soon. Previous governments had attempted to solve this challenge through various energy mix which includes hydro (water), thermal (natural gas) and renewables (solar). However, in addition to existing Nigeria’s energy mix, the present administration is planning to embrace […]
NGA seeks to address gas challenges in oil, gas sector
Olatunde Dodondawa The Nigerian Gas Association (NGA) seeks to address sectoral challenges confronting gas business in the oil and gas industry. Expected speakers are exceptional personalities in the sector that will discuss and debate at the gas forum include; Paul McGrath(Chairman, OPTS); Saidu Mohammed(Group Executive Director-Gas & Power; NNPC); Kabiru […]
Why Nigeria signs nuclear technology pact with Russia
By Olatunde Dodondawa Nigeria recently signed an agreement with Russia for the construction of nuclear power plants and a nuclear research centre in Nigeria. The nuclear technology agreement with Russia will help to generate more electricity, improve healthcare, science, industry and agriculture sectors. According to Chief Executive Officer (CEO) […]
Operators jostle for NCDMB’s $100bn business opportunities
Olatunde Dodondawa, Lagos The Nigerian Content Development and Monitoring Board (NCDMB) has presented 80 business opportunities that worth $100billion for operators in the Nigerian Oil and Gas industry. Speaking at the recently concluded 2nd Nigerian Oil and Gas Opportunity Fair (NOGOF) in Yenagoa, Bayelsa State, the Executive Secretary, NCDMB, Engr. Simbi Kesiye […]
Stakeholders call for ‘co-location strategy’ to unlock Nigeria’s gas potentials
Olatunde Dodondawa At media training to sensitize the public on the initiative, experts in the oil and gas industry believed that the strategy could encourage and promote increased GBI investments by the private sector; create a vibrant value chain, provide employment and substantially increase government revenue and the potential […]