By Mordi Chukwunonso Esther The Federal Government has restated dedication to lift 100 million Nigerians out of poverty in 10 years while celebrating international day for the Eradication of poverty 2020 in Barwa community. This year marked the 27th anniversary of the international day for the Eradication of poverty after it was declared by the United…
By Mordi Chukwunonso Esther 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…
The Minister of Power, Saleh Mamman, has said Nigeria is to reap foreign exchange from playing in the West Africa power market. The minister revealed this while speaking at the end of the 19th virtual Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari in Abuja. He spoke as the FEC approved Nigeria’s…
By Ikenna Omeje The Group Managing Director of the Nigerian National Petroleum Corporation ( NNPC) Mele Kyari, has commended the near completion of the landmark Obiafu-Obrikom-Oben (OB3) gas pipeline project, expected to help commercialise a substantial volume of the nation’s natural gas. Kyari gave the commendation while delivering a goodwill message at the 2020 South…
By Ikenna Omeje President Muhammadu Buhari late in September, inaugurated the 326km Itakpe-Ajaokuta-Warri rail line for commercial operation, after over 30 years of delay, At the inauguration, which held virtually, the president flagged off the ancillary facilities yard at the recently named Goodluck Jonathan Railway Complex in Agbor (Owa-Oyibu), Delta State and directed the Federal…
Early in September, the U.S. Trade and Development Agency announced grant funding for a feasibility study to develop Senegal’s first major domestic onshore gas pipeline. This project will support cleaner and lower-cost power generation and enhance the country’s economic growth. USTDA’s engagement will help the developer – Fonds Souverain d’Investissements Stratégiques (FONSIS), Senegal’s sovereign wealth…
India’s oil imports from Africa jumped to their highest in 10 months in August as refiners switched out more expensive crude from the Middle East, shipping data provided by trade sources showed. The world’s third biggest oil importer shipped in about 3.95 million barrels per day (bpd) of oil in August, the highest volume since…
Africa’s natural gas projects are crucial to the energy transition and economic development in the region and can be used to power industrialisation while reducing the emissions released into the atmosphere, said Leye Falade, General Manager of Production at Nigeria LNG (NLNG) at ADIPEC Energy Dialogue held recently. Natural gas is an integral part of…
Gabriel Mbega Obiang Lima during the presentation of the Punta Europa Modular Refinery project at Hotel Colinas in Malabo explained in reference to the delay that meant that Equatorial Guinea had its own national refinery. “The scenario of equipping the country with its own refinery had not yet been handled since the exploitation of hydrocarbons…
Angola 2020 Onshore Bid Round will officially open in January 2021 and bids must be submitted by March 10th 2021. Nine blocks are on offer, in the Lower Congo and Kwanza Basins. The country’s International Competitive Bid Round for oil gas licenses, announced last year, is a scheduled offering for onshore and offshore, in the…