Mordi chukwunonso Esther Nigeria and OCP Africa have signed a pact in Morocco to aid the second phase of the Nigerian Presidential Fertilizer Initiative. The pact was signed by the Nigerian delegation chaired by H.E the Minister of State for Petroleum Resources, Chief Timipre Sylva, and officials of Nigeria Sovereign Investment Authority (NSIA). in a…
By Ikenna Omeje The Transmission Company of Nigeria (TCN), on Sunday, February 28, 2021, successfully transmitted another new record peak generation of 5,615.40MW, at about 9:30pm. The new peak generation which was transmitted at a frequency of 50.20Hz, surpassed the previous peak generation of 5,593.40MW which occurred on the 25th of February, 2021 by 22.0MW,…
…NCDMB, NNPC to take equity in Ammonia plant The Federal Government and the Kingdom of Morocco on Tuesday signed five strategic Memorandum of Understandings (MOUs) that would foster Nigerian – Morocco bilateral collaboration and promote the development of hydrocarbons, agriculture, and commerce in both countries. The Minister of State for Petroleum Resources, Chief Timipre Sylva…
Mordi chukwunonso Esther Independent Petroleum Marketers Association (IPMAN) Kano state branch has commended the Nigerian National Petroleum Corporation (NNPC) for the prompt measures it has taken to address the fuel scarcity which resurfaced few days ago. The IPMAN Chairman, Alhaji Bashir Danmalam, made the commendation on Tuesday in Kano while inaugurating an ad-hoc committee set…
By Ikenna Omeje Nigeria, Senegal, Mozambique, South Africa, Tanzania, Cameroon, Algeria and Equatorial Guinea are on their way to becoming major players in global Liquefied Natural Gas (LNG) market, the Executive Chairman, African Energy Chambers, NJ Ayuk, has said. In an article titled, “Africa Can, and should, Decide How to Harness its Natural Resources Especially With Gas”, publishedonAECwebsite, Ayuk…
By Ikenna Omeje Oil prices could end up $10 lower in the future than they otherwise would if the transition to cleaner energy speeds up, a Rystad Energy analysis has said. This is as a result of the consecutive downturns that exploration and production companies (E&Ps) have faced during the past decade, which have accelerated…
…ANOH Gas Project to be Delivered in H1’2022 By Ikenna Omeje Seplat Petroleum Development Company Plc , a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its audited results for the financial year ended 31 December 2020, recording a revenue of $530.5…
By Ikenna Omeje The Federal Government, through the Central Bank of Nigeria (CBN) and the Nigeria Sovereign Investment Authority (NSIA) as well as its Partner, Africa Finance Corporation (AFC), is requesting an expression of interest proposals from qualified asset managers for the newly-created Infrastructure Corporation of Nigeria Limited (Infra-Co). This was contained in a statement…
Mordi chukwunonso EstherShell, in supporting the fight against the COVID-19 pandemic, has made a $10 million donation to COVAX, the global initiative to make vaccines more widely available. The UN Secretary-General, António Guterres, had called for a global effort to get all people in every nation vaccinated as soon as possible. “No one is safe unless everyone…
Leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC), has restated commitment to support the Federal Government of Nigeria’s goal of using the country’s proven gas reserves to trigger economic activities for gas-based industrialization. SPDC’s Managing Director and Country Chairman of Shell Companies in Nigeria, Mr. Osagie Okunbor, said Shell’s support is…