Mordi Chukwunonso Esther THE Federal Government has formally received the report from the committee on compensatory contracts and others incentives for KAZTEC Engineering Ltd. Kaztec Engineering Limited is a subsidiary of Chrome Group, an indigenous engineering and fabrication company owned by Chief Emeka Offor. The Company’s Fabrication yard on Snake Island, which houses Badagry Creek…
By Ikenna Omeje The Nigerian National Petroleum Corporation (NNPC) has signed Engineering, Procurement and Construction (EPC) contract with an Italian firm, Maire Tecnimont SpA, for the rehabilitation of Port Harcourt Refining Company (PHRC) complex. The Federal Executive Council had in March approved the sum of $1.5 billion for the rehabilitation of PHRC, which is the…
Daniel Terungwa The Nigerian Ports Authority, (NPA), in collaboration with the Nigerian Liquefied Natural Gas Limited, (NLNG), has commenced moves to reduce carbon dioxide emission and embrace the use of cleaner and safer source of energy. Managing Director, NPA, Ms Hadiza Bala Usman, while speaking at the just concluded NLNG conference tagged: “Decade of Gas”…
..EPC contract signed for the rehabilitation works of the Port Harcourt Refinery Complex Mordi Chukwunonso Esther Maire Tecnimont S.p.A. Has announced that its subsidiary Tecnimont S.p.A. has been awarded a contract by the Federal Executive Council to carry out Rehabilitation works for the Port Harcourt Refinery Company Limited, located in Port Harcourt, Rivers State, in Nigeria, which…
Daniel Terungwa Thor Explorations has signed an agreement to acquire remaining stake in Central Houndé Project located in south-western Burkina Faso from Barrick Gold. As a result of the Agreement, Thor has acquired Barrick’s 51% ownership of the Project in exchange for a 1% Net Smelter Royalty. The company now holds 100% of the Project….
Daniel Terungwa Tunisia’s Director General of hydrocarbons at the Ministry of Industry and Energy, Rachid Ben Dali has said the departure of Italian oil company ENI from Tunisia follows its decision to stop its fossil fuel exploitation activities and to invest in clean energy. Ben Dali, during a press conference, stated that the Italian oil…
By Ikenna Omeje The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala; the CEO of Sustainable Energy for All (SEforALL), Special Representative of the UN Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy, Mrs Damilola Ogunbiyi; and energy and climate leaders from over 40 countries around the world have pledged to energy…
Mordi Chukwunonso Esther Total Nigeria Plc and Moove Africa have signed a Memorandum of Understanding in a partnership collaboration that will significantly improve the productivity and welfare of drivers of Moove vehicles. The partnership is in line with Total’s value-adding strategy which takes customer satisfaction to new heights. The mutually beneficial partnership will avail Moove vehicles/drivers’…
Daniel Terungwa The Federal Government of Nigeria has commenced the development of mineral resources in all six geopolitical regions. This was revealed by the Minister of State, Mines and Steel Development, Dr Uchechukwu Ogah, at the 32nd Enugu International Trade Fair. The Minister stated that the federal government has started the development of lead/zinc processing cluster…
Mordi Chukwunonso Esther The Department for Petroleum Resources (DPR), has assured Nigerians of adequate supply of petroleum products before, during and after the Easter. Mr Paul Osu, Head, Public Affairs, DPR made this known in a statement issued on Wednesday in Lagos. The News Agency of Nigeria (NAN) reports that the Federal Government had declared…
