Wärtsilä partners Hycamite for onboard hydrogen production from LNG The technology group Wärtsilä has entered into a joint development agreement with Hycamite TCD Technologies, a privately-owned Finnish company specialising in the development of a pioneering technology for producing clean hydrogen and solid carbon from methane. The two companies will work together to enable cost-effective production…
. NDPHC owns Largest Fleet of Power Plants and Generation Stations in Nigeria and Africa- Oyedele Ife Oyedele, Executive Director, Networks, Niger Delta Power Holding Company (NDPHC), pointed out clearly shortly after receiving the University of Lagos Distinguished Alumnus Award held in Lagos that the generation company is the most successfully owned organization not just in…
TICT Says no Plan to Retrench Workers over Acquisition by MSC The Tin-Can Island Container Terminal (TICT) on Monday assured workers that it has no plans to embark on any retrenchment exercise despite the acquisition of the African logistics business of its parent company, Bolloré Group by Mediterranean Shipping Company (MSC). In a meeting with…
Sylva says Nigeria will Stop Fuel Importation in 2023 Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, has expressed optimism that the country will end importation of petroleum products next year. The minister said on Tuesday that the completion of rehabilitation work on the Port Harcourt Refinery will see the plant deliver 60,000 barrels…
Russian Upstream Investments Set to Plunge by $15 billion this Year as Sanctions Obscure Production Outlook – Rystad Energy The financial impact of Western sanctions and the widescale exodus of foreign partners from the Russian oil and gas sector are beginning to materialize, with upstream investments set to sink to $35 billion in 2022, according…
TCN Delivers 22 Power Transformers, Other Transmission Equipment to its Lagos Store The Transmission Company of Nigeria (TCN) has delivered 22 brand new power transformers, spare parts and critical equipment to its Central Store in Ojo, Lagos. According to TCN, more equipment are expected to arrive Lagos Port for onward delivery to the store, for…
NNPC/TotalEnergies JV Kick-Off 2022 OML58 Football Competition TotalEnergies EP Nigeria Limited, TEPNG/NNPCL Joint Venture on Tuesday kicked off the 19th edition of the company’s annual football competition for youths of OML58 communities in Rivers State. OML58 which is operated by the French multinational is hosted by several communities cutting across Ikwerre, Emuoha, Ahoada-East, Ahoada-West, and…
Nigeria International Humanitarian Summit Postponed The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has announced the postponement of the first Nigeria International Humanitarian Summit earlier scheduled to hold from November 30th to December 2nd, 2022 at the State House Banquet Hall, Abuja. While expressing regret over inconveniences the postponement may have caused…
NDPHC Emerges Winner of NPS Project of the Year Award Niger Delta Power Holding Company (NDPHC) Limited has emerged winner in the Project of the Year category of the maiden Nigeria Power Sector (NPS) Awards 2022 for 2X150MVA and 2x60MVA 330/132/33KV Lafia transmission substation. The Power Sector Awards is an initiative designed to recognize, celebrate…
OPEC Daily Basket Price Closes at $79.93 Per Barrel The price of OPEC basket of thirteen crudes stood at $79.93 a barrel on Monday, compared with $83.80 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo),…