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…
The five winning innovators in the Nigerian Oil and Gas Technology (NOGTECH) Hackathon will get sustained institutional and financial support from the Nigerian Content Development and Monitoring Board (NCDMB) and other industry stakeholders to enable them to become successful businesses. The Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote announced this at the demo day held…
By Mordi Chukwunonso Esther The Shell Petroleum Development Company of Nigeria Limited (SPDC) has disregarded a report saying that its staff were involved in crude oil pipeline vandalism for a gain, describing the report as lacking substance and without proof. “SPDC does not have any formal report of named SPDC staff members or contractors involved in…
By Mordi chukwunonso Esther The people of Abereke and Abereke Seaside Communities in Ilaje Local Government of Ondo State have recently called on the President of the Nigerian Senate to save them from the recent Chevron Nigeria Limited, fire outbreak coming from oil explosion at its Ojumole oil Wells and pipelines in the local government. …
As a result of the impact of impact of Covid-19 pandemic, Nigeria and many countries across the world will miss a deadline to submit updated climate action plans by 2020 as mandated by the Paris climate agreement, a U.N. report has said. Reuters reports that compliance with the commitment to upgrade climate action plans every…
By Ikenna Omeje The Shell Petroleum Development Company (SPDC) has dismissed a report alleging that its staff were orchestrating crude oil pipeline vandalism for a gain, saying that the company does not have formal report of named staff members or contractors involved in the alleged vandalism. A Dutch investigative TV programme Zembla had reported on Thursday…
By Ikenna Omeje The International Finance Corporation (IFC), a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, has announced an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria to help the country address food waste challenges, support its…
By Ikenna Omeje The Nigerian National Petroleum Corporation (NNPC) said it has started discussion with its partners for the construction of the Nigeria Liquefied Natural Gas (NLNG) Train 8.According to ThisDay, the Group Managing Director of the NNPC, Mallam Mele Kyari, made the disclosure at a recent media parley in Abuja. Currently, NLNG which is…
The Ibadan Electricity Distribution Company (IBEDC), said it losses more than N1.8 billion monthly to capping of estimated billing, describing it as a disservice to the energy industry.The acting Managing Director of the company, Mr John Ayodele, stated this in an interview with the News Agency of Nigeria (NAN) in Ibadan. Ayodele said that the…
By Ikenna Omeje The United States energy giant, Chevron Corporation — owner of Chevron Nigeria — has announced a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance to $14 to $16 billion annually through 2025. According to a release by the company, this capital outlook will continue to…