Better and faster results as Shell introduces unmanned survey in Nigeria By Precious Okolobo It’s January 14, 2024, and Accession 500, a small Uncrewed Surface Vessel (USV) is riding the waves around Bonny into the history books of survey in the oil industry in Nigeria. Remotely controlled by personnel on shore, the USV runs along…
US Gulf Coast Heavy Crude Oil Prices Rise Amid Supply Constraints April 10, 2024 Recent weeks have witnessed a surge in prices for heavier crude oil varieties along the U.S. Gulf Coast, with trading approaching parity with lighter oil—a trend signaling supply constraints that could contribute to the upward trajectory of gasoline prices. Refineries dotting…
Nigerdock Delivers Community Projects Worth N1.5 Billion In a commitment to fostering positive relations with its host communities, Nigerdock, an esteemed oil and gas industry service firm, handed over Corporate Social Responsibility (CSR) projects valued at N1.5 billion to Igbologun, a Lagos community. Speaking at the handing over ceremony held at the Igbologun Community in…
Africa Data Centres and DPA Southern Africa Break Ground on Solar Farm in Free State Africa Data Centres, in partnership with DPA Southern Africa, has initiated the construction of a solar farm in the Free State region, marking a significant step towards renewable energy adoption in South Africa’s data centre industry. The groundbreaking ceremony, which…
NNPC CEO Highlights Gas’s Vital Role in Driving Economic Growth and Industrial Progress Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has emphasized the pivotal role of natural gas in propelling economic growth and industrial development in Nigeria. Speaking at the public presentation of the book…
Dangote Cement Declares N511 Billion Dividend for FY 2023 Shareholders of Dangote Cement Plc are set to receive a dividend payout of N511.215 billion for the financial year ended December 2023, translating to a reward of N30.00 for each share held. The board of directors of Dangote Cement Plc, leveraging the authority vested in it…
Axxela Receives Integrated Management System (IMS) Recertification. Axxela Gets Recertification for ISO Integrated Management System (IMS) Axxela Limited, the pioneer private sector natural gas distribution and power development company, proudly announces the successful recertification of its Integrated Management System (IMS) comprising ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 for Portfolio Development of Gas and Power…
Nigeria’s Electricity Tariff Hike and Fear for Economic Sustainability Nigeria’s economy has been struggling. In February, the headline inflation rate rose to 31.70 percent, representing an increase of 1.80 points when compared to 29.90 percent recorded in January, according the National Bureau of Statistics (NBS). On a year-on-year basis, the headline inflation rate was 9.79…
NSCDC Takes Down Illegal Oil Bunkering Operation in Abia In a significant crackdown on illegal oil bunkering activities, the Nigerian Security and Civil Defence Corps (NSCDC) has successfully dismantled an illicit operation and confiscated two local Cotonou boats containing 9,000 litres of illegally refined Automotive Gas Oil (AGO) in the vicinity of Inhandu Community, Ukwa…
Electricity: Metering will enhance investment, growth in power sector — De-Haryor boss The Chief Executive Officer, De-Haryor Global Services Limited, Engr. Ashade Olatunbosum, said increased metering of households, businesses and other customers would enhance investment and growth in Nigeria’s power sector. The federal government has through many interventions in the power sector encouraged the supply…