Nigeria should break up its long-awaited oil bill to speed its passage through parliament, Oil Minister Diezani Alison-Madueke said on Friday. The Petroleum Industry Bill (PIB) will reform oil taxes and licences and overhaul state-owned Nigerian National Petroleum Corporation (NNPC).
After over five decades of its involvement in crude oil and gas exploration without involving in crude oil transportation, the Nigerian National Petroleum Corporation (NNPC), has signed a joint venture agreement with Daewoo Ship-building and Marine Engineering (DSME) of South Korea…
Houston-based offshore drilling contractor Global Marine today announced it received a letter of commitment from Elf Petroleum Nigeria Limited, a subsidiary of TotalFinaElf, for two-year contracts for both the Glomar Adriatic I and Glomar Baltic…
Hyundai Heavy Industries Co., Ltd. (HHI) signed a contract with Elf Petroleum Nigeria Ltd. (EPNL), a Nigerian subsidiary of French oil company Total S.A., to build an oil and gas production platform worth US $520 m. The platform will be completed by 2010 and will be able to produce 105…
Tideland Signal's -50dBm SeaBeacon 2 System 6 racon (radar beacon) has been chosen to mark the Ofon 2 offshore complex in OML 102 (Oil Mining Lease), 65 kilometers off the Nigerian coast. Feature of the SeaBeacon 2 System 6 dual-band racon are its dynamic range…