By Mordi Chukwunonso Esther Host communities of Nigeria producing oil and gas, HOSTCOM, has said it will continue peaceful engagement with the Federal Government on addressing challenges of under development in oil and gas communities of Niger delta region. Dr Benjamin Style, National president of HOSTCOM, asked security operatives to arrest anyone encouraging youth groups…
By Mordi Chukwunonso Esther Exxon Mobil Corp has said that it will reduce its global workforce by 15% by the end of 2022-an unprecedented culling by North America’s biggest oil explorer, as the coronavirus pandemic hits energy demand, prices and struggles to preserve dividends. This was revealed in a statement by Bloomberg, the energy giant…
…Pays $0.05 dividend to shareholders amid prevailing global challenges By Ikenna Omeje Seplat Petroleum Development Company Plc , a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange 9NSE) and the London Stock Exchange (LSE), has announced its unaudited results for the nine months ended 30 September 2020, recording increased operational efficiencies…
By Ikenna Omeje Ikeja Electric has begun the implementation of the revised electricity service-based tariff, which earlier commenced on September 1, 2020, but was later suspended. Following an approval by President Muhammadu Buhari, the DisCos had on September 1, 2020, began implementation of a new service-based reflective tariff (SRT) structure nationwide. As a result, the…
By Ikenna Omeje The Nigerian National Petroleum Corporation (NNPC) has said it would continue to engage and seek the support of the National Assembly for approvals of budgets appropriated for critical gas infrastructure projects in the country. A press release by Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru, said…
By Margaret Nongo-Okojokwu The Nigerian Content Development and Monitoring Board (NCDMB) and key organisations in the oil and gas industry – the Petroleum Technology Association of Nigeria (PETAN), Petroleum Contractors Trade Section (PCTS), Oil Producers Trade Section (OPTS) and the Nigeria LNG Ltd have advised against increasing the percentage of the Nigerian Content Development Fund…
President Muhammadu Buhari has renewed the appointments of the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote and heads of two other agencies. The heads of other agencies their appointments were renewed are: the Executive Secretary, Petroleum Technology Development Fund (PTDF), Bello Aliyu Gusau and the Executive Secretary, Petroleum Equalization Fund…
…to deliver 350,000MT LPG annually The Deputy Managing Director, Nigeria LNG Limited, Sadeeq Mai-Bornu has disclosed that company since it started operations in 1999, has delivered over 5000 Liquefied Natural Gas (LNG) cargoes to various destinations globally and generated about $110 billion in revenue. Mai-Bornu in remarks recently at the 2020 NLNG/Business Day Conference On…
Daniel Terungwa No fewer than 339 companies are bidding for the 2020/21 sales and purchase of the Nigerian crude oil grades.The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari made this known recently in Abuja at the 2020/2021 Crude oil tender prequalification bid opening ceremony.He said that the event marked another transparent…
By Ikenna Omeje Aiteo Eastern Exploration and Production Company. Ltd., Neconde Energy Limited, and Network Exploration and Production Limited, recorded the biggest jump in the 2019 Nigeria Extractive Industries Transparency Initiative (NEITI) oil and gas compliance assessment report.The report, ranks companies in terms of data compliance with the data submission requirements of the 2019 oil and…