By Ikenna Omeje President Muhammed Buhari, on Friday, said that the power sector remains critical to Nigeria’s industrial development aspiration. The President made this known while addressing the nation on June 12 2020 during the commemoration of Nigeria’s Democracy day celebration. He said that his government is currently executing some critical projects…
By Ikenna Omeje The International Maritime Organisation (IMO), has commended the new Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA, Dr Bashir Jamoh, for his effort in the antipiracy war and the Nigerian government for its efforts in curbing piracy in its waters and the Gulf of Guinea. A release issued…
Russia’s Rosatom State Corporation says it has signed Memoranda of Understanding (MoU) with Framatome SAS ,France and GE Steam Power in the framework of the strategic investor selection procedure for the Belene Nuclear Power Plant (NPP) in Bulgaria. Its First Deputy Director General of Corporate Development and International Business, Kirill Komarov said this in a…
Hosted by Africa Oil & Power and the African Energy Chamber, the ‘Closing Deals: Advancing FID During COVID-19’ webinar addressed the prioritization of energy projects in an environment of limited capital investment. Natural gas developments are facing fewer delays in FID than oil exploration and production projects. Thursday, June 18, 2020, Cape…
The 19th Joint Ministerial Monitoring Committee (JMMC) was held via videoconference, on Thursday, 18 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Committee reviewed the monthly report prepared by the Joint Technical Committee (JTC) and recent developments in the global oil…
We are pleased to inform our stakeholders and the public at large that we have received notification to the effect that: 1. The Presidential approval issued in 2018 granting Global Resource Management Limited a 25 year lease covering the entire area of the Free Zone is valid and subsisting. 2. All stakeholders should comply with…
The attention of the Management of the Nigerian Content Development & Monitoring Board (NCDMB) has been drawn to a spurious and malicious story published by an online medium- POINTBLANK NEWS, titled: ”Sylva demands $20 Million From ‘Local Content Board’ Boss to fund Bayelsa Re-Run Elections.” Ordinarily the Board would have ignored this fake…
By Mordi Chukwunonso The Director, Monitoring and Evaluation, Nigerian Content Development and Monitoring Board (NCDMB), Mr Akintunde Adelana has said that Local Content is not about indigenisation but domiciliation and domestication. He stated this in a Webinar series organised by Majorwaves Energy Report titled ‘’Optimising Local Content through regional integration in a Post Covid-19…
By Ikenna Omeje Following the petroleum industry group intervention to improve on healthcare delivery in the country, as part of their Corporate Social Responsibility (CSR), to tackle the COVID-19 pandemic, 20 states and the Federal Capital Territory (FCT), so far, have received medical consumables and logistics support. In a statement signed by the Group General…
By Ikenna Omeje A legal expert on structuring, local content, documentation and negotiation of oil, gas and petrochemical transactions, Dr. NJ Ayuk, has enjoined Nigerian oil and gas services firms to take advantage of opportunities in Equatorial Guinea, Mozambique and other Africa countries post COVID-19. Ayuk who is the Executive Chairman, African Energy…