By Mordi Chukwunonso Esther OVH Energy, Nigeria’s indigenous marketer of choice is set to reward 19 qualified students from universities within the host communities through it’s University Scholarship Scheme, USS in the current 2020/2021 academic calendar. The company is set to drive education development and human capacity building through its proactive CSR activity. In a…
The Minister of State for Petroleum Resources, Timipre Sylva, has commissioned two Liquefied Natural Gas (LNG) plants in Kano State, noting that the gas plants, being a success of the Federal Government’s gas programme, would generate 10 megawatts (MW) of electricity. The two gas plants are: Aspira Nigeria Limited constructed by Greenville LNG Company Limited…
By Ikenna Omeje A solar distributor operating in Nigeria and four other West African countries, Oolu, has closed a $8.5 million Series B investment round led by independent renewable energy developer RP Global. The company which disclosed this in a release, stated that additional participating investors included Persistent Energy Capital, Shell-seeded impact investor All On, Gaia…
Daniel Terungwa The Belgian ambassador to Angola, Jozef Smets, has said that his country aims to fund projects in the mining, agricultural and tourism sectors, with the goal of boosting development in northern Uige province. The diplomat made this known recently at the end of a two-day visit to the province of Uige, where he…
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition – unless exploration speeds up significantly and capital expenditure of at least $3 trillion is put to the task, Rystad Energy report has…
The Federal Government, through the Federal Ministry of Power, has launched a mass metering program at the Yola Electricity Distribution Company (YEDC). Daily Independent reports that the Minister of Power Engr Sale Mamman, who performed the function in Yola said the Buhari administration was determined to ensure that all Nigerians have meters in their houses…
By Ikenna Omeje Following allegation that the Fedral Ministry of Petroleum Resources spent N116 million on pens, letterheaDS and toner in 2015, the Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari and the Minister of State for Petroleum Resources, Timipre Sylva, to use their leadership positions “to urgently probe how N116 million…
Mordi chukwunonso Esther The Nigeria LNG Limited, NLNG, has signed a Memorandum of Understanding, MoU, with Julius Berger, for the construction of the Bonny Consulate, a 19th century historical monument in Bonny Kingdom.In a report by sweet crude reports, Managing Director of NLNG, Tony Attah, and Managing Director of Julius Berger, Lars Richter, signed the…
by Mordi chukwunonso Esther The Nigerian content development and monitoring board (NCDMB) has said that The five winning innovators in the Nigerian Oil and Gas Technology (NOGTECH) Hackathon will get sustained institutional and financial support from NCDMB and other industry stakeholders to enable them to become successful businesses. The Executive Secretary NCDMB, Engr. Simbi Kesiye…
By Mordi chukwunonso Esther The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) has signed an agreement on US$30m Working Capital Scheme that will support the operations of oil companies against the adverse effects of COVID-19 Pandemic and loss of contracts due to low oil price. The Executive…