Oando Denies Owning Interests in Maltese Oil Storage & Blending Facility, Ras Hanzir Oil Terminal Limited Oando Plc has addressed allegations circulating on social and digital media accusing the company of being a shareholder, and its principals of being board members, in a Maltese company, Ras Hanzir Oil Terminal Limited. This company purportedly operates an…
Powering Forward: Nigerian Petroleum Industry as IOCs Back Pedal The merger and acquisition activities in Nigeria’s petroleum sector are driven by energy transition and strategic alliances for operational efficiencies. The divestment by major international oil companies (IOCs) presents opportunities for indigenous players in the industry to take center stage. Felix Douglas reports that IOCs are…
Benefits of Green Economy Highlighted at Oriental News Summit The 2024 Oriental News Summit, themed “Green Economy, Sustainable Growth, and Infrastructure Transformation,” took place in Lagos, drawing together key players in the energy industry, government officials, economic analysts, trade union associations in the energy sector, women in the Sustainable Power Africa Network, and executive members…
Eni Gets Approval to Sell Agip Unit to Oando Eni has received formal approval from the Nigerian Upstream Petroleum Regulatory Commission to sell its unit, Nigerian Agip Oil Company (NAOC), to Oando, one of Nigeria’s leading energy companies. This announcement was made by the Italian group on Tuesday. NAOC is involved in onshore oil and…
President of Gabon Invites Dangote for Investment in Cement and Fertilizer Production In a significant move towards fostering economic collaboration, President Brice Oligui Nguema of Gabon has extended an invitation to Aliko Dangote, the President and CEO of Dangote Industries Limited, to explore investment opportunities in Gabon’s cement and fertilizer sectors. This invitation was extended…
NCDMB Boss Pledges Continued Support for Indigenous Companies, Commends Lee Engineering for Capabilities Attained The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has assured Nigerian oil and gas service companies of continued support to sustain the impressive growth in local content and to boost their production operations. Speaking during…
NCDMB Holds Retreat with Senate Committee on Local Content, Seeks Close Collaboration The Nigerian Content Development and Monitoring Board (NCDMB) and the Senate Committee on Local Content on Sunday began a 3-day retreat at Abuja, aimed at forging closer collaboration between the two entities, to achieve improved implementation of the Nigerian Oil and Gas Industry…
Lokpobiri Hosts Crucial Meeting with Dangote, NMDPRA, NUPRC, NNPC over Impasse Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, convened a high-level meeting with key stakeholders to address and resolve the ongoing issues surrounding the Dangote Refinery. Present at the meeting were: Mr. Aliko Dangote, Chairman and CEO of DangoteGroup, Engr. Farouk Ahmed,…
AEDC Announces Leadership Changes; Appoints Chijoke Okwuokenye as MD/CEO The Abuja Electricity Distribution Company (AEDC) has announced the appointment of Engr. Chijioke Okwuokenye as the acting Managing Director, effective immediately. This change is part of AEDC’s transformation agenda aimed at positioning the company as the foremost, customer-focused electricity distribution company in the Nigerian power sector….
Seplat Energy and Channels Academy Train Additional 45 Editors/Correspondents in Nigeria Seplat Energy Plc, a leading Nigerian indigenous energy company, has successfully concluded the second phase of its media training program for journalists and media practitioners in Nigeria. This phase trained forty-five (45) Capital Market Editors/Correspondents, as well as some Judiciary and Business writers. The…