Edo govt tasks communities on secure of oil, gas installations

The Edo State Government has urged local communities to protect oil and gas installations in the state. The state’s Commissioner for Mining, Oil and Gas, Ethan Uzamere, who stated this during the official commissioning of the Efe Field OML152 in Orhionmwon Local Council, said the asset would boost Edo State’s contribution to the nation’s ability […]

NCDMB to sanction oil firms for non-compliance with local content Act

Stiff sanctions await oil companies that default or fail to comply with the Human Capacity Development provisions contained in the Nigerian Oil and Gas Industry Content Development Act, the Nigerian Content Development and Monitoring Board (NCDMB) has said. The Executive Secretary of the Board, Simbi Wabote, made this known recently while delivering a keynote address […]

Nigeria’s president approves $1.5 billion ExxonMobil asset sale

President Muhammadu Buhari gives go ahead to Seplat’s acquisition of supermajor’s shallow-water assets President Muhammadu Buhari has approved Seplat Energy‘s acquisition of the entire share capital of Mobil Producing Nigeria Unlimited from Exxon Mobil Corporation. Mr Buhari approved the transfer in his capacity as Minister of Petroleum Resources. Exxon Mobil entered into a landmark Sale and […]