Wabote: Africa accounts for 12% of annual global oil production The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said that although Africa produces roughly 12 per cent of global oil volumes, it only consumes less than 4 per cent of the commodity. He described the situation as potential…
FG approves N185bn as palliatives, states and FCT get N5b each for grains The federal government has approved a grant of N185 billion to the 36 states of the federation and the Federal Capital Territory (FCT) for the purchase of 100,000 bags of rice and other grains to be distributed as palliatives. Borno State Governor,…
Seplat energy confirms incident involving the Majestic rig near Ovhor, Delta State Seplat Energy regrets to announced a serious incident on the Depthwise swamp drilling rig “Majestic” in the early hours of this morning. Seplat as the operator of the SEPLAT/NNPCL joint venture contracted the rig. It was in-transit to its planned drilling location at…
NNPCL yet to renew Tompolo’s N48bn pipeline contract, awaiting presidential directive The Federal Government has not issued any directive for the cancellation or re-award of the N48bn oil pipeline surveillance contract in the Niger Delta, contrary to speculations in some quarters. It was, however, gathered that the Nigerian National Petroleum Company Limited was awaiting the…
