Oil and Gas Sector

August 27, (THEWILL) – Nigeria’s key revenue and employment generating sectors are struggling to achieve enhanced and sustainable growth as the economy grapples with multi-faceted challenges. The affected sectors include oil, agriculture and manufacturing. According to data by the National...

February 04, (THEWILL) - The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to accelerated approvals of requests and documents submitted to it by operating oil and gas companies. The goal is to ensure speedy development...

November 12, (THEWILL) - Stakeholders and industry experts have commended the recent NNPC/Aiteo Joint Venture Nembe Crude Oil Grade describing it as a huge milestone in Nigeria’s oil and gas sector. Engr. Okwudili Akobundu who runs a private oil and...

October 21, (THEWILL) - The Chairman of Heirs Energies, Tony Elumelu, has said that the newly rebranded firm is totally committed to environmental development from a global standpoint. Elumelu made this disclosure while speaking on the unveiling of the company’s...

Indigenous oil and gas companies must instill principles of corporate governance in their operations if they are to grow and achieve sustainability, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has...

July 27, (THEWILL) - Mobil Producing Nigeria Unlimited (MPNU), a subsidiary of ExxonMobil and operator of the Nigerian National Petroleum Company Limited (NNPC)/MPN Joint Venture, has inaugurated two Host Community Development Trusts, covering its Oil Mining Leases in Akwa...

July 24, (THEWILL) - The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Sunday said it has introduced four additional regulations that will govern the activities of the midstream and downstream sectors of the Nigerian petroleum industry. The agency...

The National Insurance Commission (NAICOM), says it has intensified its ongoing drive to facilitate platforms that address the demand-supply gap in the oil and gas Industry. The Commissioner For Insurance, NAICOM, Mr Sunday Thomas, said this while delivering a...

July 22, (THEWILL) - A youth leader from Ofuoma oil-producing community, Ughelli North Local Government Area, Delta State, Comrade Chris Eriyamremu, has lauded the positive vision by UTM Offshore Limited to build the first $5bn Floating Liquified Natural Gas...

July 03, (THEWILL) - Saudi Arabia is extending its unilateral 1 million bpd production cut into August, the world’s top crude exporter said on Monday, sending oil prices rising by 1%. “An official source from the Ministry of...