Electricity Generation Compa- nies (GenCos) say it released 3,522 megawatts of electricity into the national grid on April 7.GenCos disclosed this in its daily ener- gy report released on Monday in Abuja. It said that the electricity relas- ed by the GenCos, comprising gas-fired and hydro stations, was down by 657.07 megawatts from the figure…
LAGOS – Nigeria’s Minister of State for Petroleum Resources,Dr. Ibe Kachikwu has promised to reposition the African Petroleum Producers’ Organization(APPO) as a global force to be reckon with. Kachikwu,who was last week re-elected as the President of the organization for two consecutive years,also affirmed his commitment to making deep and sustained reforms that will not only…
Equatorial Guinea launched 26 onshore and offshore blocks during the presentation of its open licensing round at the APPO CAPE VII Congress & Exhibition on Wednesday, announced by H.E. Teodoro Obiang Nguema Mbasogo, President of Equatorial Guinea. The licensing round covers 24 offshore and two onshore blocks. Two of the blocks host existing discoveries, including…
Oslo, NO – 8th April 2019 – DeepOcean Group, a leading global subsea service provider, celebrated its 20-year anniversary on 8th April 2019. Two decades of successfully serving its international customer base, executing the world’s most challenging and advanced subsea projects. Established as DeepOcean AS in Haugesund, Norway, in 1999, DeepOcean has since expanded…
The Nigerian Content Development and Monitoring Board (NCDMB) has held the final phase of engagements with oil and gas industry stakeholders on the draft Nigerian Content Ministerial Regulations. The latest forum was held in Lagos recently and was attended by representatives of the international and indigenous operating companies, service companies and select law firms working…
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has asserted that the ongoing development of the Nigerian Oil and Gas Park Scheme (NOGaPS) in Odukpani, Cross River State will lead to the emergence of a vibrant oil and gas hub in the Calabar area. He said this recently…
Through its Know Your Community Initiative, Women at Risk International Foundation (WARIF) successfully sensitized 500 youths at the Makoko Community in the heart of Lagos, on the prevalence and effects of rape, sexual and gender-based violence that is a frequent occurrence in communities such as this. This program was sponsored by USAID and was in…
The Court of Appeal in Lagos through its judgement on Friday has set aside the ruling of a lower court over the matter between the Nigerian Liquefied Natural Gas, NLNG and the Nigerian Maritime Administration and Safety Agency (NIMASA). On Friday, Hon. Justice Garuba Lawal, in a judgement directed that the case between the NLNG,…
The Nigerian National Petroleum Corporation (NNPC) has warned depot owners or terminal operators not to sell Premium Motor Spirit, otherwise called petrol, above the official ex-depot price of N133.28k per litre. The Corporation also cautioned petroleum products marketers not to sell the product above N145 per litre. Ex-depot price is the ceiling at which depot owners or…
Saudi Arabia is working towards convincing Russia to stay much longer in an OPEC-led pact cutting oil supply, and Moscow may agree only to a three-month extension, three sources familiar with the matter said. Russian Energy Minister Alexander Novak told his Saudi counterpart Khalid al-Falih when the two met in Baku this month that he…
