Upstream Supply Challenges Affecting Supply of LPG to the Domestic Market – NLNG The Nigeria LNG Limited (NLNG) has said that upstream supply challenges is affecting the supply of Liquefied Petroleum Gas (LPG) to the domestic market, but reiterated its commitment to 100 percent of all its LPG to the domestic market despite feedgas…
Port Harcourt Refinery Company, TECNIMONT, Train 40 Rivers Youths in Maritime Skills The Port Harcourt Refinery Company (PHRC) and Technimont Nigeria Limited have trained 40 Rivers State youths Maritime and offshore skills and safety as part of activities to mark the World Maritime Day. The Executive Director of the Charkin Maritime and Offshore Safety,…
Shell to Acquire Lagos-Based Solar Power Company Shell Plc is set to acquire Lagos-based solar power solutions company, Daystar Power, as part of its agenda to drive the development of renewable energies. Daystar Power is a West African provider of hybrid solar power solutions to commercial and industrial (C&I) businesses. The acquisition is, however, subject…
Wabote Commissions Two Factories in Port Harcourt The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has commissioned two new facilities owned by Uniterm Nigeria Limited, and Southwestern Technologies and Oilfield Services Limited both in Port Harcourt, Rivers State. In his address at the events, Wabote lauded both companies…
Ardova Records Gross Revenue of N192.47 billion in 2021 Financial Year Ardova Plc, a Nigerian integrated energy company, says it recorded a gross revenue of N192.47 billion in the 2021 financial year, representing a 5.95 per cent increase from the 2020 revenue of N181.66 billion. The company disclosed this at its 43rd Annual General Meeting…
Osinbajo Charges OPTS to take the Lead in Solar Power to Help Drive Nigeria’s Energy Mix By Ikenna Omeje As the global push towards energy transition intensifies, the Nigeria’s Vice President, Professor Yemi Osinbajo, has charged members of the Oil Producers Trade Section (OPTS), a subgroup of the Lagos Chamber of Commerce and Industry (LCCI),…
Nigeria’s crude oil production maintained its dropping streak in August, to average 1.100 million barrels per day (mbpd). The Organisation of Petroleum Exporting Countries (OPEC) in its Monthly Oil Market Report for September 2022, said the figure represents a decrease of 64,000 barrels per day when compared with 1.164mbpd average production in the month of…
NMDPRA Inaugurates SERVICOM Committee to Improve Service Delivery The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMPRA) has inaugurated SERVICOM Committee to improve service delivery. The Committee will help the NMPRA to manage performance expectations between the government and the public on issues of service delivery to ensure customer satisfaction. SERVICOM is an acronym for…
LCCI Charges Federal Government to Tackle Oil Theft to Earn More Foreign Exchange The Lagos Chamber of Commerce and Industry (LCCI) has charged the Federal Government to tackle the menace of oil theft in the Niger Delta region to earn more foreign exchange for the country. LCCI also called on the government to take a…
Rosario Osobase to Receive the 2022 Brian Reuben Awards of Strategic Excellence For being at the forefront of first-class value creation and demonstration of excellence, the Executive Secretary of the Petroleum Contractors Trade Section (PCTS), Rosario Osobase, will receive the 2022 Brian Reuben Awards of Strategic Excellence. The Chief Executive Officer of Africa Economic Summit…