The Petroleum Technology Association of Nigeria (PETAN) is set to host the fifth Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) scheduled to hold virtually on 19 – 21 May 2021. SAIPEC, since 2017, is the only full stream business platform for the African continent which has played a major role in connecting more than…
Lagos, 11 May 2021: UTM Offshore Limited, a Nigerian marine services company, has signed this morning a pre-Front End Engineering Design (Pre-FEED) contract with JGC Corporation of Japan for the development of a floating liquefied natural gas (LNG) project offshore Nigeria. Another contract was also sighed with KBR, who is now the project’s Owners Engineer…
By Ikenna Omeje The National Union of Petroleum and Natural Gas Workers (NUPENG) has directed Petroleum Tanker Drivers (PTD) to withdraw their services from Kaduna State, effective, Sunday, May 16, 2021. In a letter addressed to the Chairman and the Secretary of PTD, the General Secretary of NUPENG, Comrade Olawale Afolabi, said this is in…
By Ikenna Omeje Heirs Oil & Gas (HHOG) has appointed a former Vice President of the Royal Dutch Shell, Osayande Igiehon as its Chief Executive Officer, effective May 4, 2021. A statement by the company stated that Igiehon who was previously a Vice-President at Royal Dutch Shell in the Hague, Netherlands, brings over twenty-seven years…
Daniel Terungwa The President of the Economic Community of West African States (ECOWAS) Commission, Mr. Kassi Brou, has described the regional electricity market, under construction, as fundamental to the development of West Africa. Brou made this assertion during his visit to the Accra-based ECOWAS Regional Electricity Regulatory Authority (ERERA), where he reiterated that energy production…
By Ikenna Omeje Heirs Oil & Gas (HHOG) has appointed a former Vice President of the Royal Dutch Shell, Osayande Igiehon as its Chief Executive Officer, effective May 4, 2021. A statement by the company stated that Igiehon who was previously a Vice-President at Royal Dutch Shell in the Hague, Netherlands, brings over twenty-seven years…
By Ikenn Omeje The proven oil and gas reserves of BP, Shell, Chevron, Eni, and Total, are falling at an alarming rate, as produced volumes are not being fully replaced with new discoveries. A Rystad Energy analysis shows that the five major oil and gas companies lost 15 percent of their stock levels in the ground in…
Managing Director LADOL, Dr. Amy Jadesimi, has said that the way to move Nigeria and its economy forward is to embrace local content, currently being championed in the oil industry by the Nigeria Content Development Management Board (NCDMB).According to her, local content will boost the nation’s economy if Nigerians are allowed and offer opportunity to…
Cameroon – Labacorp Energy is strengthening its presence in the Nigerian market through an agreement with its Joint Venture Partners which comprises MECEN IPC and Calaya Engineering Services. In line with its objectives, Labacorp Energy and its JV partners will set up an entity in Nigeria known as LMC EcoTech, Co., Ltd that specialises in…
By Ikenna Omeje The Nigerian Electricity Regulatory Commission (NERC) has expressed commitment to building the confidence of operators in the Nigerian Electricity Supply Industry (NESI), in Alternative Dispute Resolution (ADR) process. The NERC Chairman, Mr. Sanusi Garba, stated this at a meeting with members of the Dispute Resolution Panel (DRP) of the electricity regulator, on Tuesday,…