…Urges Government to Implement Policies to Grow a Sustainable Private Sector and Stimulate Vast Wealth Creation LAGOS Thursday February 18, 2021: The Managing Director of LADOL Free Zone, Dr. Amy Jadesimi, has stated that Lagos State can take a share of a new USD 12 trillion market by creating a level playing field that enables…
By Ikenna Omeje President Muhammadu Buhari has approved the appointment of Orji Ogbonnaya Orji as the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI). Orji replaces Waziri Adio who was appointed in February 2016 and will be completing a five-year term on Thursday as the head of the agency. The Director of Information…
Eni has signed an agreement with X–Elio for the acquisition of three photovoltaic projects in southern Spain for a total capacity of 140 MW, a release by the company said on Thursday. Eni and X-Elio have also entered into discussions for a larger strategic collaboration for the development of renewable projects in Spain, where Eni…
By Ikenna Omeje Petrogress, Inc, a fully integrated oil commodity business that primarily serves West Africa and Mediterranean, has announced that its wholly owned subsidiary, Petronav Carriers LLC. (PCL), on February 10th 2021, entered into partnership agreement (PSA) with B&Crew Achor Investment Nigeria Limited, to provides sea transportation of petroleum products to Dangote Refinery. In a…
Mordi chukwunonso Esther The Nigerian National Petroleum Corporation (NNPC), in spite of the rise in the price of crude oil in the international market, has said that there will be no increment in the ex-depot price of Premium Motor Spirit (petrol) in February, 2021. This was disclosed in a press release by the Group General…
Mordi chukwunonso Esther Sahara Group has released its 2019 Sustainability Report which reflects its commitment to achieving its corporate goals and creating shared value for stakeholders through economic development, protection of the environment and building a sustainable society. The energy conglomerate, which announced this on Wednesday in a statement, also described the global transition to…
Royal Dutch Shell Plc along with its Nigerian subsidiary, the Shell Petroleum Development Company (SPDC), has launched arbitration proceedings against the federal government over a long-running dispute with a Rivers community. The issue relates to an oil spill in the Ejama-Ebubu community that took place during the 1967-70 Biafran war. Nigeria’s Supreme Court in November…
The poor state of infrastructure in petroleum downstream sector has been blamed on years of under-pricing the pump price of premium motor spirit, petrol, through subsidy payment. With government-owned refineries, pipelines and depots in a bad state and not functional, Nigeria has had to depend on importation, and trucking by roads to move petrol across…
By Ikenna Omeje The World Bank has announced that its second global gender in oil, gas and mining conference will hold in March. The conference which is being organized by the Bank’s Extractives Global Programmatic Support (EGPS) Trust Fund and Inter-American Development Bank is scheduled to hold virtually from March 3-4, 2021. The conference, under…
Mordi chukwunonso Esther The Department of Petroleum Resources has warned fuel depot owners against hoarding petroleum products in their facilities, adding that it would sanction erring operators.The warning was issued by The Director, DPR, Mr Sarki Auwalu, on Wednesday in Lagos, according to a statement by the agency’s Head of Public Affairs, Mr Paul OsuAuwalu said…
