The President of Nigerian Association of Petroleum Explorationists (NAPE), Dr. Andrew Ejayeriese, has stated that claims by the federal government to achieve 40 billion barrels in reserves by the year 2020 are not feasible. The Federal Government, through the Nigeria National Petroleum Corporation (NNPC), announced an outlook for 2018 to increase crude oil reserve byRead More

If anyone ever needed any kind of convincing about the exceptional managerial qualities of Dr. Emmanuel Ibe Kachikwu, Nigeria’s Minister of State for Petroleum, the events of the past few weeks provide eloquent testimonies. Dr. Kachikwu, however, does not need validation. His sterling records, in private as well as inRead More

The Nigerian Content Development and Monitoring Board (NCDMB) and the Indigenous Petroleum Producers Group (IPPG) have restated their commitment to ending unnecessary delays in contract cycles. In a bid to driving this, the entities signed a Service Level Agreement (SLA), which would boost local content implementation and simplify the procurementRead More

The Federal Government on Tuesday closed its case in the suit it filed to recover a sum of $110m from Nigeria Agip Oil Company Limited. In the suit filed before the Federal High Court in Lagos, the Federal Government accused the oil giant of under-declaring the volume of crude oilRead More