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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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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 …
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Following over 50 years of Exploration, Nigeria finally discovered Oil at Oloibiri in Bayelsa State in 1956, by the Shell Group. Since then, The Nigerian oil and gas industry has been vibrant, but largely dominated by multinational corporations until the early 1990s when Nigerian companies began to make a foray into the industry. Local participation was …
Ocean Rig-owned drillship Poseidon has reached the drilling site of Cormorant-1 well located in PEL 37 license offshore Namibia, which is operated by Tullow Oil. The participants in Cormorant-1 well are Tullow Namibia Limited (operator) with a 35% interest; Pancontinental Namibia with a 30%; ONGC Videsh with a 30%; and Paragon Oil & Gas with …
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 As European countries are preparing  to phase out fossil fuel powered machines, in automobiles and industrial Plants, by 2045, Dr. Thomas Ogungbangbe, Aviation Fuel Marketers (AFMAN) President says fossil fuel, i.e. Oil, will not die. Speaking exclusively to ENB, he says Fossil Fuel, as has been the case in decades of its rise, will continue to …
Ten years down the line, the Local Content Policy in the Nigerian Oil and Gas industry has indeed come a long way. Before October 2010, when the Nigeria Oil and Gas industry Content Development Bill was enacted into Law, Nigerian Players in the industry found it difficult to get a foothold in Project operations. The …
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