AMCON takes over oil firm due to N29 billion debt
Hon. Justice C.J. Aneke of the Federal High Court Lagos Division has granted an injunction against Cedar Oil & Gas Exploration and Production Limited on the application of Asset Management Corporation of Nigeria (AMCON), mandating the agency to take over the assets of the firm …..
Nigeria’s oil production fully compliant with OPEC quota – Ministry
Nigeria, which has pumped above its OPEC quota for months to the ire of other members, brought down its crude oil production in November to fully comply with its cap, the country’s oil ministry said Sunday. OPEC earlier this summer quietly reset Nigeria’s quota to …..
Africa to double its gas production by 2040 – GECF
Nigeria and other African countries are set to increase their presence in the global energy sphere, where they will contribute as much as 9.2 per cent to global natural gas production by 2040. By more than doubling their natural gas production by 2040, Africa’s natural …..
NCDMB urges oil firms to prepare for full automation of rigs
The Nigerian Content Development and Monitoring Board (NCDMB) has advised firms in the oil and gas industry to brace up for the full automation of operations at oil rigs. The Executive Secretary of NCDMB, Simbi Wabote, said this in Port Harcourt, at the foundation laying …..