The Niger Delta Development Commission (NDDC), says its six billion naira 132/33KV Sub Station designed to provide electricity for over 2, 000 riverside communities in Ondo State will be ready for use soon. Dr Akwagaga Enyia, the NDDC Acting Managing Director, gave this assurance while addressing newsmen during an inspection of the project in Okitipupa…
Oil and gas explorer Kosmos Energy said on Monday it had made one of the largest discoveries of natural gas in recent years in waters offshore Mauritania, where it sees the potential to extract 50 trillion cubic feet of gas. Kosmos Chief Executive Andrew Inglis said in view of the discovery at the Orca-1 well,…
Total Upstream Nigeria Ltd., has reaffirmed its commitment to support quality education and contribute to the growth of the sector through its Corporate Social Responsibility (CSR) initiatives. Its Managing Director, Mr Mike Sangster gave the assurance in Lagos when the company donated 1,000 science textbooks and 16 computers to two secondary schools that benefited among…
The Department of Petroleum Resources (DPR) says it is working to ensure that only trucks that scale integrity tests and have good tracking system are deployed for petroleum haulage on Nigerian roads. The Acting Director, DPR, Mr Shakur Rufai made the disclosure at the agency’s 2019 stakeholders’ Annual General Meeting (AGM) in Lagos. The theme…
Power supply has been an age long problem in Nigeria without any respite in sight in spite of huge amount of money being spent by successive governments in the country. The unbundling of the power sector has further worsened it owing to numerous challenges from gas to generation, transmission and distribution to end users. However,…
The Stanbic IBTC Capital is the investment banking subsidiary of Stanbic IBTC Holdings PLC, a member of Standard Bank Group. IBTC Capital is the leading bank offering financial support to the energy sector in Nigeria, doing all sorts of assistance such as structural funding arrangement. The company can assist in solving financial needs with array…
…Preparation key to fund raising …Gas potentials not yet harnessed …Fossil fuel will last up to 50 years …IPPs not proximate to gas AMNI International Petroleum Development Company Limited is one of the successful indigenous exploration and production company in Nigeria with a track record in the energy industry. The company is building asset…
Investing in the energy sector requires money owing to infrastructures that must be put in place in order to attain aspirations and set objectives. For a financial institution to support an energy business, many factors are considered while the would-be investor must strive to accomplish requirements of its financial partner to be in business. Recently,…
The Energy Institute (EI) is an international training organisation that builds capacity through designed trainings which transcends the energy environment providing opportunities for energy professionals across the value chain. Recently, EI had its Energy Sustainability Conference that was held in Lagos with participants across the energy sector in attendance. The event provided an opportunity for stakeholders to…
…A cat with nine lives …The culture of innovation and creativity should be imbibed …Shops for young graduates to be trained for the oil industry Oando is an indigenous oil company in Nigeria with the sole aim of becoming one of the best in terms of oil exploration, production, trading and distribution with branches…
