Saudi Pledges to Invest in Nigeria’s Refineries The government of Saudi Arabia has pledged to invest in the revamp of Nigeria’s refineries. Saudi Crown Prince, Mohammed bin Salman made the pledge at a bilateral meeting with President Bola Tinubu on the margins of the Saudi-Africa Summit in Riyadh. This was disclosed on Friday in a…
Nigeria Has Untapped Market of 20 Million Households for Rural Community- NIPCO Boss The Managing Director of Nigerian Independent Petroleum Company (NIPCO Plc), Suresh Kumar, explained at the 13th NLPGA Conference held in Abuja that the company has made massive investments in Liquefied Petroleum Gas (LPG) value chain with 11,000 MT coastal storage and over…
Oil Theft: Challenges, Solutions in Safeguarding Nigeria’s Pipeline Infrastructure for Economic Growth and Energy Security- Engr. Emeka Okwuosa With Nigeria’s oil export curtailed by massive pipeline vandalism and oil theft, the Chairman/GCEO, Oilserv Group, Engr. Emeka Okwuosa, CON has blamed obsolete pipeline systems that lack latest monitoring technology for the constant attacks on the crude…
NNPC Foundation Train Youths Corps Members on Financial Literacy In its bid to build the capacity of youth towards making them employers of labour, the NNPC Foundation, in partnership with Kudimata Nigeria Limited, a financial education outfit, have trained the Batch C members of the National Youth Service Corps (NYSC) in basic financial literacy skills….
HEOSL Reiterates Commitment to Nigerian Content Development Lagos – 9th November, 2023: Heritage Energy Operational Services Limited (HEOSL), operator of the OML 30 Joint Venture between NNPC Exploration and Production Limited and Shoreline Natural Resources Limited Joint Venture (NEPL/SNRL JV) has reiterated its commitment to the development of Nigerian Content. Chief Executive officer, Ado Oseragbaje,…
Oilserv Participates as Sponsors of IATF 2023 Today …Targets expansion in Africa market Nigeria’s foremost EPCIC giant, have yesterday, confirmed their participation as a key sponsor of the Intra-African Trade Fair (IATF 2023} scheduled to be held from November 9th to November 15th, 2023, in Cairo, Egypt. The company, in a statement, said the event…
Shell Sues Greenpeace for $2.1m after Boarding Oil Vessel Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters. The British oil and gas major filed the claim in London’s…
Minister of Power orders investigation into a five-year extension of a license for Discos The Minister of Power, Mr. Adebayo Adelabu has ordered an investigation into the five-year extension of license for electricity distribution companies after the elapse of their initial ten-year license from 2013 to 2023. Mr Adebayo Adelabu disclosed this during a one-day…
NDDC to Partner TotalEnergies, Other IOCs on Renewable Energy The Niger Delta Development Commission, NDDC, says it will work with TotalEnergies EP Nigeria Limited and other international oil companies to increase investments in renewable energy projects in the Niger Delta region, in order to reduce the impact of climate change in the region. NDDC Managing…
Inconsistent policy threatens $155m smart meters project Inconsistent government policies and other factors have threatened the execution of the $155 million Phase 2 of Nigeria’s National Mass Metering Programme, NMMP. The project is funded by the World Bank to provide 1,250,000 smart meters for distribution to 11 electricity distribution companies, DisCos in Nigeria. Former President…