Globally competitive fiscal policy, a robust legal framework and a healthy contract integrity culture has been identified as panacea and key drivers to profitability and attracting huge Investments in the oil and gas sector. This as ExxonMobil attributed its landmark achievements in the Nigerian oil and gas sector to the Nigerian National Petroleum Corporation (NNPC),…
Stakeholders have decried recalcitrant challenges undermining Nigeria’s efforts to boost electricity supply through gas. The nation’s enormous gas reserves, estimated at 187 trillion standard cubic feet, are grossly under-utilized in the gas to power value chain. Operators in the electricity sub-sector stated this, at a conference in Lagos. The event tagged “Harnessing oil and Gas…
The Chief of Army Staff, Lt.-Gen. Tukur Burarai, has assured that the Nigerian Army is committed to ensuring safe and secure environment for all oil companies to operate in the country. Buratai gave the assurance when the Managing Director of Total Nigeria Plc, Mr Mike Sangster led the management team to visit him on Monday…
A cross section of participants in the one-year specialised digital training and certification in financial accounting and project management sponsored by Shell Nigeria Exploration and Production Company and SAP Africa, at their graduation ceremony in Lagos …last week Ten Nigerian graduates of business and information technology disciplines have completed a one-year specialised digital training…
The Nigerian National Petroleum Corporation (NNPC) said that 1.76bn litres of Premium Motor Spirit (PMS), also known as petrol was supplied in June. The corporation disclosed this in its Monthly Financial and Operation Report (MFOR) for the month of June released in Abuja, on Sunday. It said that the quantity translated to 58.65million liters/day were…
Africa Oil & Power is hosted under the theme #MakeEnergyWork and will take place at the CTICC 1 in Cape Town, South Africa on October 9-11 CAPE TOWN, South Africa, August 26, 2019/ — H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, will deliver a keynote address at the Africa…
The Renewable Energy Association of Nigeria (REAN) has called on the Federal Government to reduce import duty on solar components to attract more usage of solar power. Mrs Lande Abudu, Executive Secretary of REAN made this call in an interview in Abuja on Sunday. The renewable energy is from a source that is not depleted…
On Wednesday, the Nigerian Electricity Regulatory Commission (NERC) approved new energy tariff for the electricity distribution companies (DisCos) in the country. For each DisCo, the tariffs differ according to customer classification. This piece focuses on the price range for residential customers under the R2 class – the amount they currently pay and what they are…
Seplat Petroleum Development Company Plc, an independent oil and gas exploration and production company incorporated and operating in Nigeria, has been honoured with the award of Outstanding Indigenous Contributor to Gas Development in Nigeria. The oil and gas firm received the award at the recently concluded 2019 Annual Conference and Awards of the National Association…
The Nigerian International Maritime Ports and Terminals (NIMPORT), a port and terminal promotion body, has appealed to the Federal Government to ensure seamless connectivity for cargo and human traffic. NIMPORT Chairman Mr Fortune Idu made the appealin Lagos on Saturday. “The focus should be full connectivity, from the port to the hinterland. “There should be…