The Minister of Power, Engr. Sale Mamman has announced major changes in the Transmission Company of Nigeria (TCN). According to the Minister, the Managing Director of TCN Usman Gur Mohammed is to be replaced by Engr. Sule Abdulaziz “As part of continuing measures to reposition and improve the performance of the power Sector in the…
The Secretary General, the Nigerian, Mohammad Sanusi Barkindo has said that OPEC is set to further adjust the overall oil production from 9.7 million barrels per day between May and June 2020 and 7.7 million barrels per day between July to December, 2020 and then finally 5.8 million barrels per day between January to…
The Department of Petroleum Resources (DPR) and the Interior Ministry and the Nigerian Content Development and Monitoring Board (NCDMB) has kicked against the abuse of Expatriate quota by both the Multinational and indigenous oil oil companies in Nigeria. They warned Oil And Gas Companies against the abuse of its expatriate quota on manpower particularly by…
Geneva – The International Air Transport Association (IATA) revealed details of its proposed temporary layered approach to biosecurity for re-starting passenger flights amid the COVID-19 crisis. IATA has published Biosecurity for Air Transport: A Roadmap for Restarting Aviation which outlines IATA’s proposal for a layering of temporary biosecurity measures. The Roadmap aims to provide the confidence that governments…
The Secretary to the Government of the Federation and Chairman of the Presidential Taskforce on Covid-19, Boss Mustapha, has applauded the Nigerian National Petroleum Corporation (NNPC) for her unwavering support and several medical interventions, geared towards providing a lasting solution to the novel coronavirus pandemic in Nigeria, saying the gesture showed the corporation as the…
Petrobras, the Brazilian national oil coy has reported a whopping $13.4 billion impairment on its exploration and production assets. The Chief Executive Officer, Roberto Castello Branco said the company wrote off the entire value of its shallow-water assets and plans to recommence production at six production assets currently for sale. “The assets that had their…
The Nigerian National Petroleum Corporation (NNPC) and Central Bank of Nigeria (CBN), have agreed to pay the bills incured by the Nigerian returnees as part of their Corporate Social Responsibility (CSR). The Minister of Foreign Affairs, Geoffrey Onyeama who at the daily breifing of the Presidential Task Force on covid-19 said that the bill includes…
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has urged the newly recruited Graduate Trainees (GTs) to join hands with other staff in building the corporation to become the National Oil Company (NOC) of choice, urging them to go the extra mile to achieving extraordinary results. Mallam Kyari made…
Arrangements are on by the Federal government to meet major stakeholders in the oil and gas industry over the recent pronouncement by the Minister of State for Petroleum Resources, Chief Timipre Sylva that the downstream has been fully Deregulated. The meeting is coming on the heels of the reactions by major stakeholders who have kicked…
For all the noise about Nigerian content development in the oil and gas industry, and for all the efforts to involve more indigenous companies in this key sector, a game changer than cannot be ignored or wished away is money, or finance, as the professionals call it. The central aim of the Nigerian Content Act,…
