FG extends deadline for marginal oilfield bids to June 21

US, import, oil drops

The Department of Petroleum Resources (DPR) Thursday extended by one week, the deadline to register to bid for Nigeria’s marginal oilfields, with June 21 being the new deadline. The DPR launched the first marginal field award round in nearly 20 years on June 1. Applicants initially had until June 14 to register, but the timeline has been moved to June 21. The DPR, the nation’s petroleum regulator, did not give a reason for the extension, a report by Reuters said. The marginal oilfields comprise 57 fields located on land, swamp…

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Indigenous oil marine vessels grow 37% in ten years

Indigenous oil marine vessels grow 37% in ten years

Nigerian-owned marine vessels for oil and gas sector operations have increased from three per cent to over 40 per cent, the federal government has revealed. The increase represent a growth of 37 per cent the last decade when total indigenous oil vessels share of the market stood as mere 3 per cent at at 2010. Timipre Sylva, Minister of State for Petroleum Resources, said this in Abuja at the third inaugural ceremony of the Governing Council of the Nigerian Content Development and Monitoring Board. Explaining some achievements of the NCDMB…

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