The president of Dangote Group and founder of Dangote Refinery, Aliko Dangote has vowed that there will be major shakedowns in Nigeria's downstream oilandgas sector.
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Shakiru said, "There's been an exploded gas cylinder resulting in a fire which the Lagos State Fire and Rescue Service is managing within the National Arts Theatre."
According to the News Agency of Nigeria, the board was inaugurated on Tuesday, October 17 during an Executive Gas Round-table for chief executives and directors levels of the oilandgas companies meeting in Lagos.
Akinaka, who is the founder of Abitto Global Services limited, an oilandgas service provider, said the re-opening of the refinery will have major and significant impact on Nigeria's oil production and economy.
Obasanjo criticized Nigeria's over-reliance on oil, stating, "We put all our eggs in one basket of oil. We even ignored gas. We were flaring gas, which is a very important commodity.
"All oilandgas companies operating in oil bloc(s)/well(s) illegally owned by northerners should also vacate such oil blocs/wells/platforms before October 1, 2017.
Galp Energia SGPS SA's Mopane oilandgas field in Namibia is one of the potential targets where Petrobras is exploring the possibility of acquiring a 40% stake.
"The second implication is that if Trump is able to calm down the conflict between Russia and Ukraine, (Russia is a major oilandgas producer)- and he has the potential to do that- then we are likely to see more production of oil; if that happens
Ogbe noted that FDIs would "catalyze new projects in the Nigerian oilandgas industry," and that fruitful collaboration amongst stakeholders and NCDMB would actualize the intentions of the Presidential Directives rolled out in March 2024 by
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have suspended their strike action after a meeting with the Federal Government today.
"It highlights their dedication to driving growth and development in Nigeria's oilandgas sector, which remains a vital component of the nation's economy," he said.
"In addition, the process of determining raw materials prices is carried out through a committee of experts and is approved by the corporation and the Ministry of OilandGas."