Africa’s largest oil refinery will deliver its fuels to Nigerian consumers via roads and sea ports, and will effectively replace all of Nigeria’s fuel imports once fully operational, a company executive said on Tuesday. The 650,000 barrel-per-day Dangote oil refinery is under construction in Lagos, the biggest city in the most fuel-consuming nation in the…
Seplat Petroleum Development Company Plc, SEPLAT, has announced its unaudited results for the nine months ended 30 September 2019 released to the Nigerian Stock Exchange, NSE and London Stock Exchange, LSE. The company declared a $29m interim dividend to shareholders and highlighted that its recent £382m cash acquisition of Eland Oil and Gas Plc would…
Organizers of the Gas Exporting Countries Forum, GECF, has said the event is set to host member countries in Malabo in Equatorial Guinea for the 5th GECF Summit of Heads of State and Governments, taking place between November 26 and 29, 2019. The 2nd International Gas Seminar also forms part of the event, which will bring together ministers…
The International Energy Agency, IEA, has predicted that global oil markets are likely to face excess supplies in 2020 due to a production boost amid weak demand growth. “Overall, we will continue to see a well supplied market in 2020,” said IEA, director for energy markets and security Keisuke Sadamori at the Singapore International Energy…
The Energia / Oando Joint Venture (JV), have engaged in social impact initiatives in its host community of Kwale, Delta state, which aims at promoting community development projects. Since it began its operations in Kwale in 2010, Oando and its JV partner adopted a sustainable model of establishing Memorandums of Understanding with all…
American oil giant, Chevron is concluding plans to sell several Nigerian oilfields as part of a global drive to reshape its portfolio as it focuses on growing its U.S. shale output, banking and industry sources said. Chevron in this move is joining rivals including Exxon Mobil and Royal Dutch Shell in a drive by foreign…
United Nations Secretary-General António Guterres announced today the appointment of Damilola Ogunbiyi of Nigeria as his Special Representative for Sustainable Energy for All and Co-Chair of United Nations-Energy. The Secretary-General also welcomes the announcement by the Administrative Board of Sustainable Energy for All (SEforALL) that Ms. Ogunbiyi has been appointed Chief Executive Officer (CEO) of…
The Ibadan Electricity Distribution Company (IBEDC) says it has commenced a major “Revenue Protection Campaign”, with a crack team of over 60 executives and officers to curb aggregate, technical and commercial losses. The Chief Operating Officer, Mr John Ayodele, made the disclosure in after inaugurating the team in Ibadan. Ayodele said that revenue protection was…
….. Stakeholders decry shortage of manpower to bridge 5 million metering gap Caption: From L-R Engr. Adesanoye Olusola, Chairman of The Nigerian Society of Engineers (NSE), Mowe Branch, Col. Akeem Alabi; Group Chairman of MEMMCOL Group, Engr. Kola Balogun and National President, Council for the Regulation of Engineering in Nigeria (COREN), Engr. Alli Rabiu,…
The Department of Petroleum Resources (DPR) has recommended that petrol tankers should be fitted with valves to prevent spillage in event of a rollover. The Agency also said it was better for Nigeria to return to the era of 33,000 litres maximum capacity for tankers instead of the 45,000 litres currently being conveyed by majority…
