Investors are shying away from the proposed $3billion refineries project of the Independent Petroleum Marketers Association of Nigeria (IPMAN) over leadership crises in the union, IPMAN’s Chairman, South-West, Alhaji Debo Ahmed, has said. He also said IPMAN is awaiting the judgment of the Supreme Court on the issue in December, this year, adding that the…
The engineering, procurement and construction of the planned $4.3bn Nigeria LNG Limited Train 7 plant will be done in-country by mostly indigenous companies, the Nigerian Content Development and Monitoring Board has said. According to the Executive Secretary, NCDMB, Simbi Wabote, the fabrication of pressure vessels, pipes, flare stack and other opportunities related to the Train…
The Nigerian National Petroleum Corporation (NNPC) has denied the insinuations that it has in its custody a $3.5billion subsidy fund. NNPC’s spokesman Mr. Ndu Ughamadu, in a statement on Wednesday in Abuja, explained that, at the hilt of the shortage of products supply at the close of last year, the National Assembly asked the NNPC…
Nigerian oil & gas company SEPLAT Petroleum Development Co PLC said it is not party to a USD114 million court judgement involving the chair of the SEPLAT board. SEPLAT said it has been “made aware” of media publications on the enforcement of the judgement made against SEPLAT Chairman Ambrosie Orjiako, as well as against Shebah…
China is likely to boost imports from African countries as it seeks new sources of commodities in the wake of a trade war with the United States, a senior executive of Standard Chartered Bank in China has said. Trade links between the Asian economic powerhouse and African nations like Kenya and Nigeria have been growing…
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has said that the investment drive that the government has embarked upon will attract over $3billion investments into refineries in the country. This was contained in the 8th podcast that he released to the social media on Wednesday with special focus on the “country’s…
Mikano International, a recognized solution provider in Nigeria, has signed a partnership agreement with the renowned German power generator firm company, MTU Onsite Energy to deliver a more reliable Independent Power Plant Gas project in higher engines capacities delivering over 450 megawatts for industrial use in Nigeria. Mikano’s sales director, Mr Loukman Jouni, who spoke…
An international organization, Power for All, which is campaigning for the provision of electricity in many African countries, has said that no fewer than 93 million Nigerians lacked access to electricity. Speaking during a workshop on ways of scaling up energy access to the rural and urban communities in Nigeria that had no power supply,…
Operatives of the Nigerian Security and Civil Defence Corps (NSCDC) have foiled a plan to break Warri-Kaduna crude oil pipeline. The Kaduna State Command of the corps disclosed this to newsmen in Kaduna on Tuesday, saying that, the suspected vandals were at large, but an oil tanker and other items were recovered at the scene…
THE Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, Engr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board, NCDMB, and Mr. Udom Inoyo, Executive Vice Chairman, ExxonMobil, Nigeria, and several others are set for the 3rd Africa Oil & Gas Talent Summit in Lagos, Nigeria. Mr. Emmanuel Emielu, Summit Director, AOGS…