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The Nigerian National Petroleum Corporation (NNPC) has allayed fears of possible hiccups in petroleum products supply in parts of the country following an ultimatum issued by the National Union of Petroleum and Natural Gas Workers (NUPENG) over a purported intervention by an arm of the security agencies in what the union viewed as purely labour …
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PETAN has been promoting the development of the oil and gas industry in Nigeria through the organization and participation of Nigerian Entrepreneurs in conferences, seminars, workshops, and creating opportunities for Nigerian companies to project themselves in the competitive industry. Since 2005, PETAN has been solely responsible for organizing the Nigerian Pavilion and the exhibition of …
PETAN is governed by an elected Executive Board, responsible for formulating policies and programs, in line with the vision of the association to entrench local content in the oil and gas industry in Nigeria. The 10-member board, supported by four standing and ad-hoc committees, which reflects the Association’s diversity, oversee the day-to-day running of the …
The association was formed to bring together Nigerian Oil & Gas entrepreneurs to create a forum for the exchange of ideas with the major operators and policy makers. Petroleum Technology Association of Nigeria (PETAN) is an association of Nigerian Indigenous Technical Oilfield service companies in the upstream and downstream sectors of the Oil industry. The association was …
Oil and gas firms like refineries, petrochemical and fertilizer companies as well as those in the Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) value chain would gain immensely from listing their shares on the Nigerian Stock Exchange (NSE), the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote said on …
The Special Presidential Investigation Panel (SPIP) for recovery of public assets has pledged to support the Nigerian Content Development and Monitoring (NCDMB) in the recovery of unremitted one percent deductions for the Nigerian Content Development Fund from defaulters. The Chairman of the Panel, Barr. Okoi Obono-Obla made this promise when he paid a courtesy …
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Nigerian Lawyers have been enjoined to get more involved and active in the ongoing reforms in the Oil and Gas Industry. The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engineer Simbi Wabote made this call on Tuesday at a Panel session in the 58thAnnual General Conference of the Nigerian Bar Association …
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The Nigerian Content Intervention (NCI) Fund is a Nigerian Content Development & Monitoring Board (NCDMB) fund managed by Bank of Industry Limited (BOI). The fund is designed to achieve the following strategic objectives: To increase indigenous participation in the oil and gas industry, build local capacity and competencies. To promote the growth and development of …
OPEC daily basket price stood at $76.46 a barrel Thursday, 13 September 2018 Vienna, Austria, 14 September 2018--The price of OPEC basket of fifteen crudes stood at $76.46 a barrel on Thursday, compared with $77.16 the previous day, according to OPEC Secretariat calculations.  The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan …
The developments in the last two years, concerning the fall and the gradual return of the price of Oil jolted the entire community of Oil and Gas Players. One of the major subsectors that was hardest hit is the Drilling sector. Ote Enaibe is the President of the Nigerian Chapter of the International Association …
Continue reading "The Dramatic Impact of the Last Two Years on Drilling in Nigeria"
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