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Industry News

  • Crude Oil prices per barrel - $74.60 in the U.S

  • Nomination of potential candidates are invited towards electing officers to fill expecting vacant posts in the NAPE Executive Committee from December 2010 to November 2012. NAPE members can download the nomination form from the website, complete, seal and return to NAPE Secretariat.
  • You are invited to the 3rd Regional Deepwater Offshore West Africa Conference and Exhibition (DOWAC) coming up 14 - 18 November 2010 at the Abuja International Conference Centre, Nigeria.
  • The United Nations Environment Programme (UNEP) has described the impact of oil spill in the Ogoni environment as serious and has apologised for the report credited to its officials saying that 90% of oil spill in the area is caused by sabotage.
  • NAPE Conference Exhibition booths are still available. Come and exhibit your Company's products and services at the Largest Deepwater Forum in Africa. Cost is N50,000.00 per square meter. Contact the NAPE Secretariat (01 - 7731539) for more details. 
  • BP has spent nearly $100 million on advertising to buff up the company's image and share information about the oil spill in the months following the April 20 explosion of the Deepwater Horizon drilling rig.
  • BP has agreed to the $20 billion oil spill fund as requested by President Obama. BP has agreed to contribute 20 billion dollars over a four-year period at a rate of five billion dollars per year, including five billion dollars within 2010.
  • Second-quarter profits at oil giant Royal Dutch Shell have almost doubled after the firm completed a year-long corporate restructuring programme. The firm reported profits of $4.5bn (Euro2.9bn) on a current cost of supplies basis, up from $2.3bn a year ago.
  • Conoil, Nigeria's leading indigenous petroleum exploration and production company, has discovered huge gas deposits in the central part of its Oil Mining Lease 136 (OML-136) in offshore western Delta of Nigeria. The company made the discovery in Agge-3B. T1 well while appraising an undrilled compartment of the Agge field complex.
  • The oil spill in the Gulf of Mexico caused by the Deepwater Horizon rig explosion has so far cost BP a total of $6.1bn. The total includes the cost of the spill response, containment, relief well drilling, and cementing up of the damaged well.
  • Royal Dutch Shell pays $4.7 billion to buy privately held East Resources Inc, giving it more exposure to promising shale gas reserves in North America.
  • The Shell Petroleum Development Company of Nigeria (SPDC) has unveiled plans to invest about $2 billion (NGN290 billion) on a number of projects that would drastically reduce gas flaring in Nigeria.
  • About 25 billion cubic metres of natural gas will be transported per year in the proposed Trans-Saharan Gas - Pipeline project  which will be recovered from gas flaring in Nigeria.
  • China, the world's second-biggest consumer of oil, will lend Venezuela $20 billion and form a venture to pump crude from the Orinoco Belt, President Hugo Chavez said, vowing to meet the Asian country's energy needs.

  • Eight new private refineries licensed by the Department of Petroleum Resources (DPR) would soon come on stream to contribute an aggregate of 483,000 barrels of oil per day to the nation's refining capacity.

 

 

 

 

     

     

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Workshops

Pre-Conference Workshop 2010

The Nigerian Association of Petroleum Explorationists held this year's pre-conference workshop titled "The Nigerian Content Law: Applications and Implications" on Wednesday 25th August 2010 at Eko Hotel & Suites, Victoria Island, Lagos, Nigeria. Speakers from the Oil and Gas sector graced the occasion with a large number of participants attending.

 NAPE President, Mr. Isaac Arowolo, fnape (left) addressing a cross section of the participants.

Papers presented include:

Local Capacity Building in an Enhanced Enabling Environment by Shawley Coker. To download, click here.

The Local Content Law: Pitfalls in Application by O. A. Avuru, fnape. To download, click here.

Regulatory Bodies in Cost Efficient Implementation of the NOGIC Act by Obaje (DPR). To download, click here.

Maintaining a Healthy Balance between Local & Foreign Involvement in Oil & Gas Service Delivery by Simbi Wabote. To download, click here.

 

Petroleum Industry Bill (PIB) Workshop 2009

The Nigerian Petroleum Industry is set for repositioning with the draft bill submitted by the Federal Government to the senate. Opinions are divided and the various issues addressed by the bill. NAPE held a special workshop on the PIB on Tuesday 28th April 2009 at the Transcorp Hilton Hotel, Abuja, Nigeria. A Communique was released at the special workshop.

 

For the Communique of the Workshop, click here.

 

For the Petroleum Industry Bill (PIB), click here.

 

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