Oyetola Unveils Ambitious Plan to Modernize Nigeria’s Ports The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced a comprehensive plan to modernize Nigeria’s ports, aiming to enhance efficiency, attract investors, and position the nation as a key player in the global maritime industry. Oyetola detailed the government’s commitment to upgrading port infrastructure and…
TotalEnergies, NNPC to Invest $550m in Nigeria Gas Facility Nigeria’s state oil firm NNPC Ltd and TotalEnergies (TTEF.PA), opens new tab will invest $550 million to develop a gas processing facility in southern Rivers state to boost exports and domestic supplies, an NNPC source said on Wednesday. The investment would include a gas processing plant…
TotalEnergies Ubeta Field ’ll Record Nigerian Content Successes – Exec Sec The execution of the Ubeta Field Development Project by TotalEnergies Exploration and Production Nigeria Limited and the Nigerian National Petroleum Company Limited (NNPCL) will create thousands of jobs in the country and catalyse the economy, the Nigerian Content Development and Monitoring Board (NCDMB) said…
Shell reiterates commitment to Nigeria’s development, wins FRCN award Shell Petroleum Development Company of Nigeria Limited (SPDC) has reaffirmed its unwavering commitment to supporting the socio-economic development of Nigeria, especially in its areas of operations in the Niger Delta. SPDC Director and Head of Corporate Relations, Igo Weli, made the restatement in Port Harcourt on…
Shell SPDC Unveils Three Additional Host Community Development Trusts The Shell Petroleum Development Company of Nigeria Limited (SPDC), along with its Joint Venture partners—Nigerian National Petroleum Company Limited (NNPC), TotalEnergies Limited, and Nigerian Agip Oil Company Limited—has unveiled three new projects under its Host Community Development Trusts (HCDTs) initiative. The unveiling event took place on…
Dangote Sugar Refinery issues N42.79 Billon Commercial Papers at 23% and 25% Dangote Sugar Refinery announced the successful issuance of its N42.79 billion series 4 and 5 of its commercial papers, issued at 23% and 25%. The papers were issued as part of the company’s N150 billion commercial paper issuance programme. The series 4 and…
AGIS 2024: Create an Enabling Environment for Gas Technology Development in Africa – NAEC Tells, FG, Stakeholders The Chairman, Association of Energy Correspondents of Nigeria (NAEC), Ugo Amadi has called on the Federal Government and relevant stakeholders in the energy sector, to create an enabling environment for gas development and innovation of Gas technologies in…
President Tinubu Condemns Vandalism of Electricity Cables and Other Infrastructures President Bola Tinubu has expressed strong condemnation of the ongoing vandalism of electricity cables and other essential infrastructure across Nigeria, labeling these actions as “pure acts of sabotage.” This declaration underscores the urgent need for a change in the value system among Nigerians to address…
Aiteo Temporarily Shuts Down Nembe Field Due to Oil Spill Aiteo Eastern Exploration and Production Company (AEEPCO), an indigenous oil firm, has announced the temporary shutdown of production at its Nembe field following an oil spill incident. The spill, which was confirmed on Monday, June 17, 2024, has prompted immediate action from the company. In…
Aradel Holdings Plc Announces First Oil Attained from Omerelu Field Aradel Holdings Plc has achieved a significant milestone in its operational history with the successful re-entry of Well 2ST in the Omerelu Field, resulting in the attainment of First Oil on Friday, May 31, 2024. This achievement is set to enhance Aradel Holdings Plc’s production…