…NOGICD Act mandates NCDMB to develop projects-Wabote From an undesirable position of importing LPG (cooking gas) cylinders, Nigeria is on course to become the world’s largest manufacturer of composite cylinders with the groundbreaking of Rungas ALFA plant performed on Friday by the Minister of State for Petroleum Resources, Chief Timipre Sylva at Alaro City, Free Trade Zone, Epe, Lagos…
Mordi Chukwunonso Esther The African Development Bank (AfDB) has approved a loan of $27.2 million for the development and operation of a 200 MW solar photovoltaic plant in Kom Ombo, Egypt. The project will cost a total of $156.4 million and will be developed by Saudi energy firm ACWA Power. The electricity produced from the plant will…
Mordi Chukwunonso Esther The Department of Petroleum Resources (DPR) says it shutdown Liquified petroleum gas (LPG) plants in Lagos state in 2020 for operating illegally.Mr Paul Osu, Head, Public Affairs, DPR made this known in a statement issued on Wednesday in Lagos. Osu said LPG (cooking gas) plants were shut down for non-compliance with international safety standards. According…
By Ikenna Omeje Eni through Vår Energi, jointly owned by Eni (69.85%) and by HitecVision (30.15%), on Wednesday announced that it has made a new oil discovery offshore Norway. A release by Eni said that the discovery was made in production licence PL532 in the Barents Sea by drilling the exploration well 7220/7-4 on the Isflak…
By Ikenna Omeje President Muhammadu Buhari will on Thursday inaugurate the N16 billion newly-completed office complex of the Niger Delta Development Commission (NDDC). The Minister of Niger Delta Affairs, Godswill Akpabio, announced this while addressing newsmen, alongside the NDDC Interim Administrator, Efiong Akwa, at the newly completed headquarters in Port Harcourt on Tuesday.According to a release…
Mordi chukwunonso Esther The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has commended the outgoing President of the Oil and Gas Trainers Association of Nigeria (OGTAN), Dr Mayowa Afe for bringing vibrancy to the association and recording notable achievements in the past four years in office. Wabote gave the commendation…
By Ikenna Omeje Italian energy giant, Eni, on Tuesday said it has reached an agreement to sell its shares in its entities in Pakistan to Prime International Oil&Gas Company, a newly established company formed by former Eni’s local employees team and Hub Power Company Ltd, the largest Independent Pakistani Power Producer. According to a release by…
Mordi chukwunonso Esther Cairn Energy reshuffled its portfolio, selling $460 million of assets in the U.K. North Sea and buying projects in Egypt’s Western Desert from Royal Dutch Shell Plc. In a report by Bloomberg correspondents, Both deals, announced Tuesday and seen completing in the second half of 2021, follow a pickup in oil and gas…
Daniel Terungwa The Director-General Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has issued certificates to fresh graduates of the Nigerian Seafarers Development Programme (NSDP). This is part of the agency’s efforts to intensify the training and certification of seafarers and to enhance the country’s position in the maritime world. Jamoh, while speaking…
Newly inaugurated President of the Nigeria Gas Association (NGA), Ed Ubong, has said there is abundant gas resources in Nigeria to meet the energy demand of over 350 million people and the industrial needs in the West African sub-region “Nigeria, which ranks as the 9th largest gas reserve in the world and clearly the largest…