……. DPR approves 206 firms for gas flare deal The Federal Government has invoked its takeover rights on international oil companies (IOCs) that flare gas as it grabbed about 880 billion cubic feet of the commodity from firms that have no tenable plans to commercialise the flared gas. The 880 billion cubic feet, a document of…
Mr Chinedu Onyeizu has commended the Federal Government for signing a government backed partnership with Russia to revamp the nation’s refinery. Onyeizu gave the commendation in Abuja on Sunday that the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, at the Russia-African summit said the corporation has signed a Memorandum of…
………….Commended huge investment by Nigerians in Refinery The Federal Government has reiterated its support for the Dangote Refinery and Petrochemical through feedstocks and offtakers of products and adds value to the nation’s economy. Mr Timipre Sylva, the Minister of State, Petroleum Resources, disclosed this during the tour of the massive refinery project in Lagos on…
The Department of Petroleum Resources (DPR) in Cross River has assured motorists and others residents of adequate supply of petroleum products to depot in the states. The Operations Controller of DPR in the state, Mr Philip Awolu, disclosed this during a tour of some tank farms at the Calabar depot. Awolu said that majority of…
Dr Jamilu Gwamna, the Managing Director of Kano Electricity Distribution Company (KEDCO),has pledged the company’s commitment to ensuring effective service delivery that would boost customers’ satisfaction. Gwamna made the pledge at a ceremony organised to commemorate the sixth anniversary of the company in Kano on Friday night. He said KEDCO would continue to do its…
The Managing Director of Transmission Company of Nigeria (TCN), Alhaji Usman Mohammed, said that the 1.66 billion dollars received from international donors increased generation capacity in the country. TCN recently received 1.66 billion dollars from multi-lateral donors to boost power supply in the country. Mohammed disclosed this at the Nigeria electricity awareness walk, organised by…
Lagos State Government says it will partner with Niger Delta Power Holding Company to increase power supply in the state. Gov. Babajide Sanwo-Olu said this on Friday when officials of Niger Delta Power Holding Company paid him a visit at Lagos House, Ikeja. Sanwo-Olu said that the collaboration was necessary in view of the importance…
Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) is pleased to announce that it has entered into an amendment to the share purchase agreement (the “Amended SPA”) signed on October 31st, 2018, between Petrobras International Braspetro BV (“PIBBV”) and Petrovida Holding B.V. (“Petrovida”), the company formed by the consortium of Africa Oil, Delonex Energy Ltd. (“Delonex”)…
…Conditions for NCI Fund‘ll not be relaxed The Nigerian Content Development and Monitoring Board (NCDMB) will partner with the Oil Producers Trade Section (OPTS) – the umbrella body of major oil producing companies to develop an oil and gas industry marine vessels standards. The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote gave…
. Otabagi, Nigeria’s first oil community to become research, tourist centre .Union commends President Buhari, Lawan, Sylva, others THE Federal Government has concluded plans to establish a modern Oil and Gas Research Institute/Museum in Otabagi Community in Ogbia Local Government Area of Bayelsa State, where commercial oil was first struck in 1956. Otabagi,…