By Mordi Chukwunonso Esther Oil futures were a little steady on Tuesday after sharp overnight losses as the latest tropical storm in the Gulf of Mexico lost force but distress about fuel demand continued with outbreaks around the globe in coronavirus cases. Brent crude futures edged three cents 0.1 per cent, lower to $41.41 a…
…firm plans expansion to 50,000pbd The Federal Government has applauded Waltersmith Petroman Oil Limited and the Nigerian Content Development and Monitoring Board (NCDMB) for their effective partnership that led to the record completion of the Waltersmith 5000 barrels per day modular refinery within two years. The Honourable Minister of Information and Culture, Chief Lai Mohammed conveyed the commendation…
The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Waltersmith Petroleum Oil Limited, will on Tuesday, September 15, 2020, host the Honourable Minister of Information and Culture, Alhalji Lai Mohammed at the Waltersmith Modular Refinery located at Ibigwe, Ohaji-Egbema Local Government Area of Imo State. The 5000 barrels per day modular refinery is being developed with equity investment…
Energy Leaders Identify Diversification into Greener Energy as Priority for Long-Term Business Growth and Net-Zero Ambitions Gastech Virtual Summit Strategic Conference Featured the Gas, LNG and Energy Industry’s Most Powerful Decision Makers The closing remarks of the Gastech Virtual Summit have taken place today. The Summit has put the spotlight on the importance of gas…
The Senate President, Dr. Ahmad Ibrahim Lawan on Thursday opened the training sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) for 1,000 youths from Yobe State, focussing on GSM phone repairs, hardware, software, and entrepreneurship development. The training is part of NCDMB’s Youth Empowerment Programme for the North East and is designed to train and empower youths in…
Following President Muhammadu Buhari’s approval of one year deferment of the 35 per cent import levy on electricity meters to help improve Nigeria’s electricity meter deficit, the Electricity Meter Manufacturers Association of Nigeria (EMMAN) has appealed to the Federal Government to review its decision to promote full local content in the manufacturing of pre-paid meters.The…
Eroton operates the OML 18 oilfield that covers a total area of 1,035 SQKM offshore Eastern Niger Delta (Swamp/Shallow Water) on behalf of the NNPC/Eroton Joint Venture (JV). Keeping faith with the terms of the Global Memorandum of Understanding (GMoU) between us and our sixty host communities through the five Cluster Boards (CDBs) is the…
Daniel Terungwa The Federal Government says the deregulation of the petroleum downstream sub-sector would enable it to rake in over N1trn annually for the development of the country. The Minister of State for Petroleum Resources, Timipre Sylva, told newsmen that with deregulation, the government would fix the moribund refineries in the country to make them…
Daniel Terungwa The Attorney-General of the Federation, Abubakar Malami (SAN), says negotiation between the Federal Government and Process and Industrial Development better known as P&ID cannot be ruled out. He stated this during a monitored interview on Arise TV on Wednesday. Malami who doubles as the Minister of Justice, said negotiations are part of the…