Operators raise fresh issues over PIB

Nigeria’s oil and gas industry operators have raised issues over certain provisions in the revised Petroleum Industry Bill, PIB, which, according to them, remain of concern to the industry.

Oil firms flare N93bn gas in 4 months

In spite of rising prices of the Liquefied LPetroleum Gas, LPG, also known as cooking gas, across Nigeria, the country lost $228.2 million to gas flaring in eight oil and gas producing states of the federation in the first four months of this year.

The Nigerian petroleum industry is waiting anxiously for President Muhammadu Buhari’s assent to the Petroleum Industry Bill, PIB, passed in July by the National Assembly, and which is expected to bring unprecedented reforms to the oil and gas sector

Finally, PIB is passed into  law after 13 years

The recent passage of the Petroleum Industry Bill, PIB, into law by Nigeria's 9th National Assembly after 13 years has been greeted with an outburst of emotions by operators and other oil and gas industry stakeholders.

Gas flaring worsens,  firms burn N69bn gas in four months

ExxonMobil, Total, Agip and Seplat were the biggest offenders of gas flaring worsened in Nigeria, with the oil and gas producing companies operating in the country burning N69 billion gas in four months.

Indications are that the revocation of eleven Lmarginal oil field licenses by the Department of Petroleum Resources, DPR under the guise that the affected fields had been left fallow may have imperiled investments valued in excess of $470 million, exposing the operators to litigation both at home and abroad.

Nigeria  earned a total of N4.733 trillion from the oil and gas sector in 2020, according to data obtained from the Central  Bank of Nigeria, CBN, a 14.57  per cent drop, compared to N5.536 trillion recorded in 
2019.

NNPC spends N1.03tr on refineries rehab, pipelines  repairs, oil search, others

The Nigerian National Petroleum Corporation, NNPC, says it has spent 
N1.03 trillion so far on the rehabilitation of its four refineries in Warri, Kaduna and Port Harcourt as well as on repairs of pipelines and the search for oil, among others.

Oil market outlook 2021

The oil market entered the New Year on a relative high, with prices above $50 per barrel. On Friday, December 8, prices hit $55.41, an 11-month high.

Road clears for Rivers’ acquisition of SPDC's stake in OML 11

The Supreme Court has cleared Pthe way for Rivers State government MKPOIKANA UDOMA Oil rig Map showing OML 11 Ejama-Ebubu community hails Supreme Court ruling Rivers set to renew $150m acquisition

Nigeria earned N2.405 trillion from the oil and gas sector in the first six months of 2020 and N2.92 trillion in 2019, totalling N5.32 trillion in one and half years, from January 2019 to June 2020.

Nigeria’s beleaguered PIB marks new epoch

In what marks a new epoch in the journey of Nigeria’s beleaguered Petroleum Industry Bill, PIB, indications are that it will enter second reading at the National Assembly by October 20.

Nigeria loses 91bscf of gas to flaring in 5 months

Despite the Nigerian government’s gas commercialisation initiative targeted at eradicating gas flaring by 2020

FID delay shuts in over 750,000b/d oil production in Nigeria

The delay in reaching Final Investment Decision, FIDs, on some critical oil and gas projects has resulted in the shut in of over 750,315 of crude oil production in Nigeria.

Nigeria’s crude oil export dips to N2.95tr

Nigeria’s crude oil export dropped by 18.85 per cent to N2.945 trillio in the first quarter of 2020, compared to crude oil export of N3.629 trillion recorded in the fourth quarter of 2019

Confusion over deregulation

Despite the Federal Government declaring earlier this year an end to fuel subsidy for petrol and the deregulation of the downstream petroleum business, stakeholders are questioning the authenticity of this proclamation.

How Nigeria can survive oil price crash, global downturn, by experts

The sharp drop in crude oil prices, resulting from the coronavirus-induced decline in oil demand, poses a major challenge to Nigeria and its quest for adequate revenue to fund its 2020 budget.

COVID-19 changes oil & gas industry calculations

The Nigerian National Petroleum Corporation, NNPC, plans to hands off the management of the country’s refineries after ongoing rehabilitation of the plants, and would adopt the Nigeria Liquefied Natural Gas, NLNG, model in the operation of the facilities

Shell’s $10bn Bonga South West Aparo project suffers another delay

Despite a revised commercial framework said to have been embraced by the Nigerian government and the project investors, Shell Nigeria’s subsidiary, SNEPCo, and others in February 2018, the $10 billion Bonga South West Aparo, BSWA, oil and gas project is again experiencing a...

Stakeholders flay Senate's plan to draft PIB 'from scratch’

Stakeholders in the petroleum industry are against the plan by the 9th Senate to commenced the drafting of a new Petroleum Industry Bill, PIB, from the scratch.

They describe the Senate's plan as sheer waste of resources and lack of seriousness on the part of the Federal Government to move the country’s petroleum industry forward.

NLNG Train 7 FID excites oil & gas industry

In a Nigerian oil and gas industry where there is little to cheer, the recent Final Investment Decision, FID, on the Nigerian Liquefied Natural Gas, NLNG, Train 7 project is a major cause for celebration. 

Specifically, the NLNG shareholders, comprising the Federal Government of Nigeria, represented by the Nigerian National Petroleum Corporation, NNPC; Shell

Timipre Sylva outlines agenda for oil & gas sector

Five months after his appointment as Minister of State for Petroleum Resources, Chief Timipre Sylva has for the first time spoken of his agenda for the oil and gas industry. 

Speaking to a gathering of industry stakeholders in Yenagoa, the Bayelsa State capital, Sylva announced that the passage of the Petroleum Industry Bill, PIB, into law was one of the key areas of priority which the Ministry of Petroleum would pursue under his watch.

PSC REVIEW: Nigeria to lose $70bn investment - Operators

Nigeria's oil and gas industry players are insisting that the recent review of the Production-Sharing Contracts, PSC, with the international oil companies recently signed into law by President Muhammadu Buhari will leave the industry in grave trouble.

OML 25:  The Nigeria Government has expressed sadness over the high level of underdevelopment in Oil Mining

Local Content: NCDMB lays foundations for 10-year roadmap. Th e Nigerian Content Development and Monitoring Board, NCDMB, says it has put fundamentals in place for the attainment of the Nigerian Content 10-Year Roadmap.

Lack of fiscal clarity, investor apathy dog Nigeria’s upstream. Ranking oil and gas industry officials who spoke with this Newspaper, have painted a picture of an unfavourable outlook for the nation’s oil and gas sector

Nigeria poised for increased share of global oil market

An increased volume of Nigeria’s crude oil is expected to enter the international oil market this second half of the year, going by information available to SweetcrudeReports.

Sweet Crude Reports Magazine Cover - September 2021 Edition

September 2021

Sweet Crude Reports Magazine - September 2021

Sweet Crude Reports Magazine Cover - August 2021 Edition

August 2021

Sweet Crude Reports Magazine - August 2021

Sweet Crude Reports Magazine Cover - July 2021 Edition

July 2021

Sweet Crude Reports Magazine - July 2021

Sweet Crude Reports Magazine Cover - June 2021 Edition

June 2021

Sweet Crude Reports Magazine - June 2021

Sweet Crude Reports Magazine Cover - May 2021 Edition

May 2021

Sweet Crude Reports Magazine - May 2021

Sweet Crude Reports Magazine Cover - April 2021 Edition

April 2021

Sweet Crude Reports Magazine - April 2021

Sweet Crude Reports Magazine Cover - March 2021 Edition

March 2021

Sweet Crude Reports Magazine - March 2021

Sweet Crude Reports Magazine Cover - February 2021 Edition

February 2021

Sweet Crude Reports Magazine - February 2021

Sweet Crude Reports Magazine Cover - January 2021 Edition

January 2021

Sweet Crude Reports Magazine - January 2021

Sweet Crude Reports Magazine Cover - December 2020 Edition

December 2020

Sweet Crude Reports Magazine - December 2020

Sweet Crude Reports Magazine Cover - November 2020 Edition

November 2020

Sweet Crude Reports Magazine - November 2020

Sweet Crude Reports Magazine Cover - October 2020 Edition

October 2020

Sweet Crude Reports Magazine - October 2020

Sweet Crude Reports Magazine Cover - September 2020 Edition

September 2020

Sweet Crude Reports Magazine - September 2020

Sweet Crude Reports Magazine Cover - August 2020 Edition

August 2020

Sweet Crude Reports Magazine - August 2020

Sweet Crude Reports Magazine Cover - July 2020 Edition

July 2020

Sweet Crude Reports Magazine - July 2020

Sweet Crude Reports Magazine Cover - June 2020 Edition

June 2020

Sweet Crude Reports Magazine - June 2020

Sweetcrudereports Is a review of the Nigerian energy industry and has evolved to become the voice and watchdog of industry, reporting all spectra of the energy chain in-country and serving as an interface between the Nigerian energy industry and that of Europe, the Middle-East and the American continent.

1. You agree that the use of Magzter.com, the application and its services, are at solely at your own risk. Neither Magzter.com nor its associates nor employees nor third party content providers guarantee that the service will be completely uninterrupted or error-free or foolproof against miscreant activities. Nor do they warranty that you will get the exact results as expected or promised by the website or product.

11. THE SERVICE AND ALL PUBLICATIONS ARE PROVIDED ON AN 'AS IS' AND 'AS AVAILABLE' BASIS. MAGZTER, ITS AFFILIATES, SUPPLIERS, LICENSORS AND AGENTS EXPRESSLY DISCLAIM ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. WITHOUT LIMITING THE FOREGOING, NEITHER MAGZTER NOR ITS AFFILIATES, SUPPLIERS, LICENSORS OR AGENTS, MAKES ANY WARRANTY THAT (I) THE SERVICE WILL MEET YOUR REQUIREMENTS, (II) THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, (III) THE INFORMATION THAT MAY BE OBTAINED FROM THE USE OF THE SERVICE OR THAT MAY BE CONTAINED IN THE PUBLICATIONS WILL BE ACCURATE OR RELIABLE, OR (IV) THE QUALITY OF ANY PUBLICATIONS OR THE SERVICE WILL MEET YOUR EXPECTATIONS. YOU ARE SOLELY RESPONSIBLE FOR OBTAINING AND MAINTAINING RELIABLE INTERNET CONNECTIVITY AND YOUR DEVICE. MAGZTER IS NOT RESPONSIBLE FOR YOUR INABILITY TO DOWNLOAD CONTENT. ANY MATERIAL DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE SERVICE IS DONE AT YOUR OWN DISCRETION AND RISK AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR MOBILE DEVICE OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF ANY SUCH MATERIAL. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM MAGZTER OR THROUGH OR FROM THE SERVICE SHALL CREATE ANY WARRANTY.

2. You will maintain and promptly update that information to keep it true, accurate, current and complete. You are responsible for maintaining the confidentiality of your account and password and for restricting access to your computer, and you agree to accept responsibility for all activities that occur under your account, including the selection and use of all content and services.

2.You will maintain and promptly update that information to keep it true, accurate, current and complete. You are responsible for maintaining the confidentiality of your account and password and for restricting access to your computer, and you agree to accept responsibility for all activities that occur under your account, including the selection and use of all content and services.

3. In no event will Magzter.com or any person or entity or third party involved in the creation, production and distribution of the content on the website and the application be liable in contract or legally for any damages, including and not limited to, direct, indirect, incidental, special, and consequential incurred to you while or on using Magzter.com. By registering on the website or downloading the application, you agree that the provisions mentioned in this section shall apply to all use of and content on the website and the application.

3. Without prior written or authorised permission from Magzter, you should not modify, copy, distribute or sell any content obtained from Magzter as everything published here is the proprietary property of Magzter or its licensors. As such unauthorised use may also violate applicable laws including copyright and trademark laws, Magzter strictly prohibits these and will terminate your access and account if any such illegal activity is proved or detected. You should also stand liable for the damages caused by these unauthorised activities. Except as permitted by the Publication's lawful owner, you acknowledge that you do not acquire any ownership rights by downloading Publications accessed through the Service. Except as explicitly required under copyright law or permitted by the features of the Service you may not modify, reverse engineer, publish, transmit, display, participate in the transfer or sale, create derivative works of, or in any way commercially exploit or provide to a third party the content of the App, the Publications, or any portion of them without the express permission of Magzter and the owner of such content. We do not grant you any licenses, express or implied, to the intellectual property of Magzter or Magzter's licensors.

5. You specifically acknowledge that Magzter.com is not liable for any kind of defamatory or offensive or illegal conduct of other users or third parties or their content and that the risk of injury from the foregoing rests entirely with you.

8. Magzter reserves all rights to monitor the content published and inputted by you for the purpose of determining whether you are compliant with these terms and conditions and other operating rules determined by Magzter. Magzter has the right to take decisions about the content and delete them at its own will.

9. Magzter is a distributor and NOT a publisher of the Publications and so Magzter has no editorial control over the content, including opinions, advice, statements, services, offers etc., that is represented in the magazines. So Magzter will not take responsibility for the accuracy or the reliability for any information or facts provided therein or that is made available through the service, by anyone other than authorised Magzter employees who are acting on their official capacities. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered by the Service, are those of the respective author(s) or publisher(s) and not of Magzter. Magzter will not be liable for any loss or damage caused by your reliance on information obtained through the Service or from the Publications. The Service may contain links to other Internet sites and third-party resources and Magzter does not assume any responsibility or liability for communications or materials available at such linked sites. These links are provided for your convenience only. You are solely responsible for understanding any terms and conditions that may apply when you visit or place an order through a third-party site.

Choose your favorite titles from 40+ exciting categories

Details of the objectionable content, including its link on our platform

Download your favorite titles and read them offline, anytime and anywhere

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines and newspapers from thousands of best-selling titles.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from thousands of best-selling titles.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from {{magCount}} best-selling international titles.

Girish Ramdas is the Co-founder and CEO of Magzter, a New York based startup that has been making waves in the global digital publishing business. Magzter has crossed 80 million users since its inception in 2011 from more than 150+ countries with 1000s of magazines, newspapers and books from more than 4,500 publishers worldwide. He has more than 25 years of experience in cross-platform publishing, including print, mobile, and Web development. During this period, he has co-founded and run three successful start-up businesses. He has enabled magazine companies to go digital and helps them monetize their content across the digital world. Girish's deep industry experience in online, mobile and publishing ecosystems has made him an expert in acquisition, marketing and monetizing digital content across platforms globally.

In the event that you encounter any objectionable content on our platform, we have put in place a grievance redressal policy to address your concerns.

Magzter Inc. (“Company”, “we”, “us” or “our”) knows that you care about how your personal information is used and shared. Please read the following privacy policy (the “Policy”) to learn more about our privacy practices. By visiting any of the websites operated by the Company, and any sub-domains thereof, or using any of our mobile applications and other methods of content distribution (collectively, the “Service”), you acknowledge that you accept the practices and policies outlined in this Policy, and you hereby consent that we will collect, use, and share your information in the following ways.

Magzter Inc. is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 80 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

Magzter is committed to providing a safe and secure platform for our users. Please note that Magzter is merely a platform for publishers to distribute their content. We do not control or endorse the content published on our platform. We cannot be held responsible for the actions of our publishers or their content.

Magzter is not responsible for compensating any party that has suffered damages or incurred costs due to any content, or part of the content, that violates their rights. Magzter is not liable to face any legal action in civil court for any violation of rights caused by any content, or part of the content, that infringes the rights of a third party.

Magzter offers the world’s largest {{allyoucanread}} subscription service called {{gold}} which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

Magzter offers the world’s largest “All-You-Can-Read” subscription service called Magzter GOLD which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

Name

Note: This will only share the cover and the publication information, but not the content.

Please fill out this form if you need any help regarding publishing your content on Magzter

Prior to Magzter, he was the President of Dot Com Infoway (DCI) and Galatta Media. His duties included strategic marketing, partnership development, and monetizing content globally. DCI grew from a small team of 3 in 2000 to 300 by 2011 and was dealing with web, software and app development for clients globally.

Since we launched, Magzter has been committed to partnering with global organizations to provide the greatest possible newsstand technology & service to our customers. Whether you are looking to offer magazine subscriptions to your customer database or just want to learn more, Magzter is committed to helping your business grow. To find out more, please fill out the questionnaire below:

The DMCA allows us to restore the removed content if the party filing the original DMCA Notice does not file a court action against you within ten business days of receiving the copy of your Counter Notice.

This Policy covers Company’s treatment of personally identifiable information (“Personal Information”) and other information about you and your computer or device that Company gathers when you are accessing the Service. We may collect Personal Information from you, as explained in more detail below, and we use this Personal Information internally in connection with our Services, including to personalize, provide, and improve our products, services, content, and advertising, and to allow you to set up a user account and profile, to contact you, to fulfill your requests for certain products and services, and to analyze how you use the Services. In certain cases, we may also share some Personal Information with third parties, but only as described in point 4.

This title is included with your Magzter GOLD subscription

To analyze the quality of content and provide appropriate feedback to publishers

We have designated a Grievance Officer to address any complaints related to objectionable content.

We request that any complaint related to objectionable content be sent to the Grievance Officer through email to the above-mentioned email address. We also request that you provide the following details when making a complaint:

and the App that provides you the capability to order, subscribe to and receive the delivery of various magazines, books, news and magazine and publication related content (collectively known as 'Publications') and to have these digital versions of the Publications delivered to you

c. We also collect information associated with your use of the application in order to make personalized recommendations. If you provide your third-party account credentials to us, you understand some content and/or information in those accounts (“Third Party Account Information”) may be transmitted into your account with us if you authorize such transmissions, and that Third Party Account Information transmitted to the Service is covered by this Policy.

f. The Personal Information we collect allows us to respond to your requests, improve our products and services, customize the advertising and content you see, and communicate with you about new products.

is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

n. We will also use usage information in order to ensure users adhere to our Terms of Use. For example, a user’s usage information will help us confirm that a user only downloads a magazine or other content a permitted number of times or to a permitted number of devices.

which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

Sweet Crude Reports Magazine - February 2021

Sweet Crude Reports Magazine - February 2021

In this issue

Sweet Crude Reports Magazine Description: