OPENING KEYNOTE ADDRESS DELIVERED BY THE EXECUTIVE SECRETARY, NIGERIAN CONTENT DEVELOPMENT AND MONITORING BOARD (NCDMB) AT THE 11TH EDITION OF THE PRACTICAL NIGERIAN CONTENT (PNC) FORUM Theme: Deepening Nigerian Content Opportunities in the Decade of Gas It is my great honor and privilege to deliver this Welcome Keynote Address to you all at this 11th…
I will Privatise Refineries to Raise $10bn- Atiku The presidential candidate of the Peoples Democratic Party, (PDP), Atiku Abubakar, has said that he would privatise three of Nigeria’s refineries to raise $10 billion to enable him to empower small and medium-scale businesses in the country. Atiku, who stated this while addressing a campaign rally in…
Bauchi, Gombe Fight over New Oil Wells The newly discovered Kolmani Oil and Gas field may soon become a reason for worry in the Northern region of the country, as Bauchi and its neighbouring Gombe States have started laying claims to the ownership of the oil wells. This comes barely two weeks after President Muhammadu…
Reps Committee Relocates to Lagos for Probe over NPA Debt The Public Accounts Committee of the House of Representatives said it is temporarily relocating to Lagos to launch investigation into an alleged indebtedness to the Nigeria Ports Authority (NPA). The Committee Chairman, Wole Oke, who made the disclosure, said the idea of temporary relocation was…
Shell: Golf tournament attracts serving, retired leaders L-R: General Manager, Safety and Environment, Shell Nigeria, Elozino Olaniyan; Vice President Midstream, Henry Bristol; former Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Chike Onyejekwe; SNEPCo Managing Director, Elohor Aiboni and Shell Nigeria Vice President, Human Resources, Olukayode Ogunleye, at the Golf Kitty retreat organised for serving and retired leaders of Shell Nigeria at…
Shell leaders take local content to Uyo L-R: Chief Upstream Investment Officer, Nigerian Upstream Investment Management Services, Bala Wunti; Country Chair, Shell Companies in Nigeria and Managing Director, The Shell Petroleum Development Company of Nigeria Limited, Osagie Okunbor; Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote; Executive Vice President, Gas and Power of Nigerian National…
Oil firms slash investments in UK as govt announces new taxes Multiple leading international oil and gas firms have announced cuts in proposed investments in North Sea as the government of the United Kingdom raised taxes on profits. A statement from WorldPR Group said that French oil giant, TotalEnergies disclosed it will be cutting investment…
Canada Fingered for Prioritising Timber Economy over Environmental Goals Following a leaked attempt to weaken the most stringent rules on deforestation-free commerce, the Canadian government has been accused of prioritizing its domestic timber business over the health of the planet. Weeks before the Cop15 conference on biodiversity in Montreal, the host country wrote to the…
Ghana’s Gold-for-Oil Policy Raises Eyebrows, Experts Slam Announcement The Government of Ghana’s latest announcement to buy oil with gold rather than US Dollars amidst forex scarcity and high inflation in the country has raised eyebrows and criticism from industry experts and observers. The Ghanaian Vice President, Mahamudu Bawumia announced through Facebook that the government was…
As Europe debates price cap, China, India scoop Russian oil at 40% discount – Nigeria struggles to benefit amid production constraints The European Union has once again failed to agree on a price cap for Russian crude oil amidst sanctions placed after the Russian invasion of Ukraine. Meanwhile, reports note that China and India have seized…