Daniel Terungwa Segilola Gold Mine, Nigeria’s first and largest industrial-scale gold mine owned by the Canadian mineral exploration company, Thor Explorations Limited, is set to be completed in the first half of 2021. The gold mine which would place Nigeria on the list of major gold producing nations, is expected to create about 400 direct…
Daniel Terungwa Plans to establish a Petroleum Hub in the Jomoro Municipal Area in Western Region have been revamped following the assurance of the Paramount Chief of Western Nzema Traditional Area, Awulae Annor Adjei III to make land available for the project. Awulae Adjei III gave the assurance at a consultative meeting organised by the…
Daniel Terungwa Three Chinese employees have been abducted and their police escort killed following a dispute with local labourers at a gold-mining site in southwest Nigeria, police said Thursday. The incident which happened at the Atakumosa area of Osun state on Monday was under investigation, state police spokeswoman Yemisi Opalola said. Opalola said, “The three…
Mordi chukwunonso Esther The Department of Petroleum Resources (DPR) has said that most incidents of crude oil theft occur from land terminals. DPR director, Sarki Auwalu Speaking to members of the House of Representatives ad-how committee on oil theft in Abuja on Wednesday, explained the methods used by oil thieves to siphon the country’s crude…
Mordi chukwunonso Esther The President, Major General Muhammadu Buhari (retd.) has said that his regime had achieved success in stemming corruption and sharp practices in the nation’s oil and gas industry. Buhari disclosed this on Thursday, at the virtual public presentation of four books by a former Minister of state for Petroleum Resources, Dr Ibe…
Mordi chukwunonso Esther Rivers State Governor, Nyesom Ezenwo Wike, has challenged the new interim management of Niger Delta Development Commission, NDDC, to make a difference, by changing the current narrative of the commission. Governor Wike said the narrative has been that every leadership of NDDC serves the interest of outsiders, while abandoning its core mandate…
Mordi chukwunonso Esther Heirs Oil & Gas, an affiliation of Heirs Holdings, has said it plans to restore oil mining licence (OML) 17 to its former output levels to make it one of the country’s biggest local operators. Heirs purchased 45 percent participating interest in OML 17 through TNOG Oil and Gas Limited, a related company…
Mordi chukwunonso Esther Seplat Petroleum Development Company Plc a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange has announced that its Incorporated Joint Venture (“IJV”), the ANOH Gas Processing Company (“AGPC”), has successfully raised US$260m in debt to fund completion of its ANOH Gas Processing Plant…
Mordi chukwunonso Esther The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has commended President Muhammadu Buhari for giving the Corporation’s Management free-hand to deliver on its mandate. Kyari said that he remains the only president that has never interfered in the operations of the Corporation. “That is very unprecedented,…
Mordi chukwunonso Esther The Department of Petroleum Resources, DPR, has explained the process it uses for accounting for crude production in the country, noting that most incidents relating to oil theft occurs from the land terminals.A statement issued on Thursday by the Head, Public Affairs, DPR, Paul Osu, said the Director, DPR Sarki Auwalu, made…
