Aliko Dangote, has reportedly opened talks with some of the world’s biggest oil traders to help finance his mega refinery project in Lagos. The 650,000 barrel-per-day refinery, once complete, will be the continent’s largest plant and redraw major trade flows of crude and fuel in the Atlantic basin. Despite being Africa’s biggest oil producer and…
Oil giant, Chevron says its energy transition initiative will revolve around gas and hydrogen development and not wind or solar energy. Chairman and CEO of Chevron Mike Wirth told CNBC on Wednesday the oil company’s lower-carbon investments focus on areas such as renewable natural gas and hydrogen because it sees significant potential to create shareholder…
– Calls for improved synergy by sister agencies for cost efficient Port Services Daniel Terungwa Acting Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko says the Authority is poised to leverage Nigeria’s status as Africa’s biggest economy to actualize the country’s maritime hub status in the region. The Authority intends to make…
President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited. This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of…
Output from the Oseberg and Troll fields will increase in each case by 1 bcm for the gas year starting Oct. 1, to respectively 6 bcm and 37 bcm The Norwegian Petroleum and Energy Ministry has approved Equinor’s request to increase gas exports from two fields in the North Sea, to ease current supply constraints in…
May 18, 2006 Chevron Nigeria Deepwater B Limited and its partners drilled the first oil discovery in Oil Prospecting License (OPL) 214 approximately 70 miles (113 kilometers) offshore Nigeria. (Nigeria)-Chevron Nigeria Deepwater B Limited and its partners drilled the first oil discovery in Oil Prospecting License (OPL) 214 approximately 70 miles (113 kilometers) offshore Nigeria….
The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday in Yenagoa held the maiden interactive session with representatives of host communities of its major projects in Bayelsa State and charged them to protect and support the projects in their localities to ensure their timely completion and creation of job opportunities from their operations. The…
Daniel Terungwa Kaduna State Governor, Malam Nasir el Rufai has commended the Management of the Nigerian Maritime Administration and Safety Agency, NIMASA for initiating a Corporate Social Responsibility project mainly targeted at empowering internally displaced persons across the country. Governor el Rufai stated this recently while receiving the Agency’s Management team led by the Director…
Energy giant, Shell, has said its research and development strategy is aligned with Nigeria’s 10-year strategic roadmap for local content being implemented by the Nigerian Content Development and Monitoring Board (NCDMB). Managing Director of the deep-water business of Shell in Nigeria, Mrs. Elohor Aiboni, said Shell Nigeria Exploration and Production Company (SNEPCo) would continue to…
The Minister of State for Mines and Steel, Uche Ogah, has said that one the challenges facing the federal government in the fight against illegal mining is that illegal miners connive with security officers to carry out their illegal activities. Ogah listed lack of adequate manpower and low-level technology for the ministry as other challenges…
