Mordi Chukwunonso Esther The Shell Petroleum Development Company Limited Joint Venture, has said that funding for the Ogoni clean up project was not a problem.Managing Director of SPDC, Osagie Okunbor, disclosed this in Ogoniland recently, during the inauguration of the N6billion water project for Ogoni communities, as part of the Ogoni cleanup process recommended by UNEP….
Daniel Terungwa Oil and gas company Tullow Oil has announced that it has commenced a multi-year, multi-well drilling campaign offshore Ghana. The campaign started with the drilling of the first well at the Jubilee offshore field recently. The 2021 drilling campaign is the first part of Tullow’s 10-year Business Plan which was presented at Tullow’s…
– Delighted with Nigeria’s increasing local manufacturing capacity. Daniel Terungwa The Honourable Minister of State for Petroleum Resources, Timipre Sylva, recently, inspected the site of the ongoing Nigerian Oil and Gas Park Scheme, NOGAPS, at Emeyal, Ogbia LGA in Bayelsa State. This is according to a Press Statement signed by Julius Bokoru, the Special Assistant…
By Ikenna Omeje The Nigerian Railway Corporation (NRC) has commenced haulage of line pipes from Warri in Delta State to Itakpe in Kogi State, for the construction of the Nigerian National Petroleum Corporation (NNPC) – sponsored Ajaokuta-Kaduna-Kano gas pipeline project. NRC on Thursday, began the delivery of the project materials along the Warri-Itakpe corridor, where…
By Ikenna Omeje Royal Dutch Shell has set a target to provide reliable electricity to 100 million people without electricity in emerging markets by 2030, in its commitment towards helping achieve universal access to clean and affordable energy. A significant number of the global population does not have access to electricity, especially in Sub-Saharan Africa…
Danie Terungwa Honourable Minister of State for Petroleum Resources, Timipre Sylva has called on vibrant youths in Nigeria to come up with creative ideas to help improve the country. Sylva made the call when he played host to ace Musician David Adedeji Adeleke popularly known as Davido at his office recently. The country’s energy Chief…
Mordi Chukwunonso Esther According to data from the Central Bank of Nigeria (CBN), Oil producing states in the country received a total of N454.35 billion from the Federation Account in 2020, under the 13 per cent Derivation Principle. The oil producing states in Nigeria are Delta, Akwa-Ibom, Bayelsa, Rivers, Edo, Ondo, Imo, Abia and Lagos. The…
Mordi Chukwunonso Esther The Department of Petroleum Resources (DPR) has revoked four Oil Mining Licenses (OML) belonging to Addax Petroleum due to the non-development of the assets by the petroleum company. The affected assets are OML 123, 124, 126 and 137. Speaking during an interactive session with journalists in Lagos on Tuesday, the Director/Chief Executive…
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…