11th Practical Nigerian Content Commences Dec 5 as NCDMB, SHELL, NLNG Attend Forum The 11th Practical Nigerian Content (PNC) Forum driven by the Nigerian Content Development & Monitoring Board (NCDMB) will take place in-person from December 5-8, 2022 in Uyo, Akwa Ibom State. It is noteworthy that 11 years on from the enactment of the…
BPV accuses Petroleum Minister of politicizing flood victims A group known as Bayelsa Progressive Vanguard, BPV, has accused the Minister of State for Petroleum Resources, Chief Timipre Sylva, of politicising the relief materials distributed to flood victims in Bayelsa State for political points. Coordinator of the group, Daniel Amasentei, explained that his investigations revealed that…
Vandals Destroy 6 Transmission Towers, Kill Vigilante in Rivers The unrelenting attacks on power infrastructure by economic saboteurs leading to inability of Nigerians to access adequate electricity for economic growth and prosperity has continued unabated. In recent times, several projects being embarked upon by Niger Delta Power Holding Company (NDPHC) Limited have been attacked and…
NNPC’s Partnership With Private Security Outfit Yielding Results As Crude Oil Production Rises By 300,000BPD The security agreement which the Nigerian National Petroleum Company Ltd entered with Tantita Security Services Ltd is already yielding results as the country has started experiencing increase in crude oil and gas production volumes. The NNPC had on August 13…
Shell Distributes Food and Relief Materials to Flooded Rivers, Bayelsa, Delta and Imo Communities It was a busy week for Shell Disaster Response Program as coordination teams through health outreach distributed food and non food relief materials to flooded affected communities in Rivers, Bayelsa, Delta and Imo States. [custom-related-posts title=”Related Posts” none_text=”None found” order_by=”title” order=”ASC”]
Government Blames Oil Theft for Nigeria’s Economic Situation The federal government has attributed the country’s economic uncertainties to increasing armed robbery, kidnapping, communal tensions, pipeline vandalism and oil theft across the Niger Delta Region. To this end, the federal government had directed the Ministry of Niger Delta Affairs to design and develop a strategic document…
NNPC/CNL Joint Venture Secures $1.4B Financing For Infill Drilling Program Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (“NNPC”) and CNL (“NNPC/CNL JV”) confirms that $1.4 Billion financing has been secured to fund the NNPC/CNL JV infill drilling program (“Project”) between 2022 to 2026. The financing arrangement was…
Oil Producing States Get N625bn in Two Years – Presidency The nation’s nine oil-producing states received a total of N625.43 billion as 13 percent oil derivation, subsidy and SURE-P refunds from the Federation Account in the last two years, 2021 and 2022, the Presidency has announced. A statement released on Friday by the Senior Special…
Wike, Diri trade words over 13 percent oil derivation arrears Rivers State Governor Nyesom Wike and his Bayelsa State counterpart, Douye Diri, have traded words over the 13 percent crude oil derivation arrears, which Wike revealed was released by President Muhammadu Buhari to state governors in the Niger Delta. Wike had asked the Attorney General…
Natural Gas Will Remain Key Energy Source in Next 30 Years – NLNG Amid the global push towards transition to greener energy sources, the Managing Director of the Nigeria Liquefied Natural Gas (NLNG), Philip Mshelbila, has said that natural gas will remain a key energy source to the world in the next 20 to 30…