Daniel Terungwa The Department of Petroleum Resources (DPR) has clarified its decision to request for daily stock records from members of the Independent Petroleum Marketers Association of Nigeria (IPMAN). IPMAN, Suleja/Abuja Unit, had threatened to embark on an industrial action over alleged extortion by officials of the DPR, with the Chairman of the unit, Yahaya…
The Nigerian Content Development and Monitoring Board (NCDMB) and Nexim Nigerian Export-Import Bank on Wednesday in Abuja signed a memorandum of understanding on the administration of US$30 million Working Capital Fund for oil and gas service companies. The Fund was conceived by the NCDMB to support the operations of local oil companies against the adverse…
Managing Director of The Shell Petroleum Development Company of Nigeria (SPDC), Mr. Osagie Okunbor, has emerged winner of the 2021 Award for Excellence and Integrity in Corporate Leadership of the Federal University of Petroleum Resources (FUPRE), Effurun in Delta State. ‘The university recognises your industry leadership and observed personal qualities, values and approach to leadership…
Daniel Terungwa A 63m-tall wind turbine has completed an epic 19-day journey from the Netherlands to Dongola in Sudan’s Northern State, via Port Sudan, marking the inaugural milestone towards the country’s first commercial-scale wind energy plant. Construction will begin shortly and is estimated to take two to three weeks. The turbine which is funded by…
Nigeria’s near-total dependence on crude oil earnings to power its domestic economy will become a thing of the past with an increased focus on gas revenue when the Petroleum Industry Bill (PIB) is signed into law, the federal government has said. Bitrus Bako Nabasu, Permanent Secretary of the Ministry of Petroleum Resources made this known…
Daniel Terungwa Angolan state oil company Sonangol said that it is selling, in part, its stakes held in eight oil blocks to reassess its investment portfolio, ensure compliance and implementation of its exploration and production strategy, from 2 to 10 percent by 2027. The stakes are those held in offshore and onshore blocks, mostly in…
As part of activities marking this year’s World Sickle Cell Day, Valuechain Sickle Cell Foundation, has donated drugs and in secticide treated nets (ITNs) to Barau Dikko Teaching Hospital, Kaduna During the visit on Wednesday, the Foundation donated drugs to the hospital management for onward distribution to patients suffering from Sickle Cell Disease. Founder Valuechain Sickle Cell…
Daniel Terungwa President of the United Republic of Tanzania, Samia Suluhu Hassan has instructed the Bank of Tanzania (BoT) to commence the purchase of refined Gold to boost the country’s reserve of the precious metals. President Samia issued the instruction when launching the newly-constructed Mwanza Precious Metal Refinery (MPMR) in Mwanza recently. She noted that…
By Ikenna Omeje President Muhammadu Buhari, on Tuesday, flagged off the commencement of construction work on Train 7 of the Nigeria Liquefied Natural Gas (NLNG) in Bonny, Rivers State. Buhari in his keynote addressed obtained by Majorwaves, charged the Board of Directors, management, and staff of Nigeria LNG, the host communities, the Rivers State government,…
Daniel Terungwa The Gulf of Guinea Maritime Collaboration Forum and Shared Awareness and De-confliction conference (GOG-MCF/SHADE) has identified cooperation at sea between regional and international Navies as the focus at its inaugural plenary meeting scheduled to take place in July 2021. This was disclosed recently in a joint communiqué signed by the Nigerian Navy, Nigerian…
