Still waiting for report on commercial viability of new found oil
…As FG begins hydrocarbon survey in Bida Basin Whereas Nigerians have continued to wait on the Nigerian National Petroleum Corporation (NNPC) to release the results of its research on the commercial viability of new found oil reserves in Gongola Basin…
IOCs shielding their operational data from NDR— NAPE President
The President of the Nigerian Association of Petroleum Explorationists (NAPE), Ajibola Oyebamiji, has opened up on the dearth of critical operational data in the oil and gas industry, saying many International Oil Companies (IOCs) are sabotaging efficiency in the build…
Official silence on PIB hanging fate of 3mbpd, deep pocket oil & gas investors
Revelations from the recently organized one-day workshop by the Nigerian Association of Petroleum Explorationists (NAPE) for oil and gas media professionals in Lagos have shown that drawbacks in the passage of the Petroleum Industry Bill (PIB) are fueling discouragements in…
How to harness gas flaring for aggregate national development, by Derefaka
ABSTRACT: Global energy demand will nearly double by 2050. Most of the increase will come from the world’s emerging economies as a result of population growth and improved standards of living. The Nigerian Gas Flare Commercialization Programme (NGFCP) will play…
Dangote Refinery won’t sell fuel at government regulated price—Minister
Minister of State for Petroleum Resources, Dr Ibe Kachukwu has revealed that the emerging 650,000bpd oil refinery in Lagos, is not coming to sell Premium Motor Spirit (PMS) popularly called petrol or any of its products at government regulated prices….
NAPE renews calls for review of PSC terms to grow deep offshore investment
More oil and gas stakeholders have continued to call for a total review of all terms and conditions governing the administration of Production Sharing Contracts (PSC) in offshore exploration activities. Latest in the row is the Nigerian Association of Petroleum…
NAPE members frustrated by political undercurrents trailing PIB at NASS—Adesanya
President, Nigerian Association of Petroleum Explorationists (NAPE), Mr. Abiodun Adesanya has opened up on why they are beginning to lose interest following the National Assembly in the process of driving home the much expected petroleum Industry Bill (PIB) which is…
