Nigeria plans to introduce a policy for government to buy only locally assembled cars in a bid to increase the competitiveness of the country’s auto manufacturing industry. This is after the proposal to reverse an automotive policy that increased duties and levies on imported transport vehicles and trucks to make locally made cars more attractive….
Daniel Terungwa There was a failed attempt by an armed group to break into the Tripoli headquarters of Libya’s National Oil Corporation on Nov. 23 as the state-owned company finds itself in a dispute over oil revenues with the country’s central bank. The incident comes a few days after Libyan oil production was hovering around…
Pirates have kidnapped three people from a Togo-flagged bunkering vessel Stelios K which was boarded last week by a group of pirates while en route to Lagos. The shipowner had lost contact with the vessel on November 17, resulting in authorities seeking to establish the vessel’s location and make contact with the crew. Shortly after…
By Mordi Chukwunonso Esther Multiple explosions shook two oil facilities operated by the Shell Petroleum Development Company of Nigeria Limited, SPDC, and the Nigerian Agip Oil Company, NAOC, in Ikarama community, Yenagoa Local Government Area of Bayelsa State. A youth leader in the Ikarama community, Warder Ben, who raised the alarm, said residents heard multiple sounds…
By Mordi Chukwunonso Esther A group known as Ekpeye Oil and Gas Pipelines Host Families Association, has unveiled its planned community sensitisation campaign for 2020. Chairman of the group, Chidi Dogini said the campaign was aimed at fostering a cordial relationship between the oil companies and host communities, through mutual understanding anchored on manpower development….
By Mordi Chukwunonso Esther The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that Nigeria has surpassed the amount of revenue it planned to earn from its amended 2020 budget and could earn more before the year ends. NEITI stated this in its latest review of monies shared between the three tiers of government –…
The Organisation of Petroleum Exporting Countries (OPEC) has projected 6.2 million barrel per day (bpd) growth in oil demand in 2021. According to the News Agency of Nigeria (NAN), the OPEC Secretary General, Mohammad Barkindo, disclosed this in his address at the Crescent Ideas Forum on Monday via video conference.“Our OPEC outlook for 2020 oil…
By Ikenna OmejeThe Nigerian Content Development and Monitoring Board (NCDMB) has entered a partnership with Enactus Nigeria for the implementation of its local content development program – the Nigerian Content Science and Technology Innovation Challenge (STIC). The Board, which is charged with the responsibility of regulating and driving local content policies in Nigeria’s oil and…
By Ikenna Omeje Following criticisms that greeted the recent Memorandum of Understanding (MoU) signed by the Federal Government with the Republic of Niger for the importation of 15,000 barrels per day of refined petroleum products from Niger’s 20,000 barrel per day (bpd) refinery, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has dismissed…
By Mordi Chukwunonso Esther Shell Nigeria Exploration and Production Company (SNEPCo) has donated a state-of-the-art Information and Communications Technology (ICT) Centre to the Enugu State University of Science and Technology as part of the NNPC/SNEPCo ICT support programme launched in 2007 under the sponsorship of the Nigeria National Petroleum Corporation (NNPC). Managing Director of SNEPCo, Bayo…
