OIL SECTOR CONTRACTING, LICENSING PROCESSES FRAUGHT WITH CORRUPTION

The process for the award of contracts and licenses for oil and gas prospecting in Nigeria is tainted by corruption and collusion, according to a report, the 2014 Nigeria Natural Resource Charter (NNRC) Benchmarking Report.

The process, the report disclosed, is ruined with a high degree of uncertainty and political influence, a factor that has hampered the growth of the sector and the economy in general.

Read more @ Vanguard

OIL, GAS INDUSTRY OPERATORS DIFFER ON MEASUREMENT OF NIGERIAN CONTENT

Oil and gas industry operators have differed on the acceptable metrics to measure the progress of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010 in the oil and gas sector.

Read more @ Thisday Live

EXXONMOBIL ENERGY OUTLOOK SERIES

L-R (IMG 0131): Amarauche Ezukanma, Power Sector Group, Zenith Bank Plc; Enyinnaya Onokala, Executive Director, Business Development, Mobil Producing Nigeria; and G.O Akinluyi, Chairman, Humanitex Nigeria Limited during the ExxonMobil Energy Outlook Series event in Lagos recently.