Power: Cross River Signs MoU for 1GW Solar Plant The Cross River State Government says it has signed a memorandum of understanding for the establishment of a 1Gigawatt solar photovoltaic manufacturing plant in the state. The plant, according to the Cross River State Commissioner for Information, Mr. Erasmus Ekpang, will be located at the Free…
Petrobras says Carmo Energy Fails to Make Payment for Oil Assets Brazil’s Petrobras said on Tuesday that Carmo Energy has not fulfilled contractual obligations related to its purchase of the onshore Polo Carmopolis area from the state-run oil giant. Petrobras, which had agreed to sell its stake in the asset to Grupo Cobra-backed Carmo Energy…
BREAKING: Ondo Gov Akeredolu is dead Ondo State Governor, Rotimi Akeredolu is dead. According to reports, Akeredolu died on Wednesday. The Ondo governor died at the age of 67. Akeredolu, a Senior Advocate of Nigeria (SAN), and former president of the Nigerian Bar Association (NBA), won his re-election as the state governor in October 2020…
30 die in Rivers illegal oil tapping point explosion No fewer than 30 persons have lost their lives in an explosion at an illegal oil tapping point in Omoku, Ogba/Egebema/Ndoni Local Government Area of Rivers State. The tragedy struck Sunday morning, when the youths allegedly broke a pipeline belonging to one of the multinational oil…
Seplat’s Quarterly Dividends in Foreign Currency and the Investor Advantage Seplat Energy, a prominent company listed on the NGX, stands out for its practice of quarterly dividend payments to shareholders in various currencies, offering investors the option to receive dividends in foreign currencies rather than Naira. In the 2022 financial year, the company proposed and…
NDDC Harps on Peace for Niger Delta Development The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has stressed the need for peace and security to create the necessary environment for the rapid development of the Niger Delta region. Speaking during a courtesy visit by a delegation from the Nigerian Airforce,…
Kyari says Gas will Revolutionise Nigeria Power as NNPC Delta State Sign Shareholders Agreement on Floating LNG The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Ltd., Mr. Mele Kyari, has said that the company will utilise Nigeria’s abundant gas resources to revolutionize the nation’s power and industrial sectors. Kyari disclosed this…
NNPC Ltd Board Holds Inaugural Meeting in Abuja Following the inauguration of the Board of the Nigerian National Petroleum Company Limited by President Bola Tinubu, on Monday, the Board today held its inaugural meeting in Abuja, Nigeria. The meeting, which was chaired by the Board Chairman, Chief Pius Akinyelure, was attended by the Group Chief…
OPEC Daily Basket Price Stood at $79.19 a Barrel Tuesday The price of OPEC basket of 13 crudes stood at $79.19 a barrel on Tuesday, December 19, 2023, compared with $78.47 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes, ORB, is made up of the following: Saharan…
Curriculum Development: MicCom Partners OGTAN to Enhance Skill Sets in Cable Industry MicCom Cables and Wires Limited has unveiled its strategy to collaborate with the Oil and Gas Trainers Association of Nigeria (OGTAN) to develop a specialized curriculum to enhance skill sets within the Nigerian cable industry. Mrs. Bukola Adubi, the Chief Operating Officer of…