Fed Govt Pushes For Transparency In Oil Industry       The Federal Government is seeking to bring transparency in oil industry and impose sanctions on firms that fail to, or partially publish details of their contracts as well as payments to governments and private sector annually. The Federal...

PIB’ll Secure Future Of Nigeria’s Oil Industry, Says Kyari       Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, Monday, disclosed that the passage of the Petroleum Industry Bill, PIB, would effectively secure the future of Nigeria’s oil and gas industry and...

Foreign Investors Losing Confidence In Nigeria’s Oil Industry — Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said there is a need for Nigeria to act fast and address the loss of foreign investors’ confidence in the country’s...

Oil Industry Content Devt Saves Nigeria $2bn — Wabote     Following the implementation of Nigerian Oil and Gas Industry Content Development (NOGICD) Act in the Engineering Procurement and Construction (EPC) contract for Nigeria LNG Train-7 Project, Nigeria may have saved $2.0 billion. Disclosing this, the Executive Secretary,...

PIB To Drive New Wave Of Investments In Nigeria’s Oil Industry — Total       Managing Director, Total Exploration and Production Nigeria Limited, Mike Sangster, Tuesday, disclosed that passage of the Petroleum Industry Bill, PIB, would spur a new wave of investments by oil and gas companies...

NCDMB Introduces Platform To Boost Local Technologies In Oil Industry   The Nigerian Content Development and Monitoring Board (NCDMB), has unveiled BrentPlus, a series of initiatives that will stimulate innovations in the oil and gas industry and ancillary sectors, and create a platform for local creation...