The South Korean Ambassador to Nigeria, Mr. Lee In-tae said his country is eager to renew collaboration with the Nigeria mining sector. He made this known today when he paid a Courtesy call on the Minister of State for Mines and Steel Development, Hon. Abubakar Bawa Bwari. Ambassador In-tae revealed that South Korea is now…
In 2014, Cairn and its joint venture partners made one of the world’s biggest oil discoveries and this was followed by Kosmos with significant gas discoveries. “The region has now evolved from a frontier to an emerging hydrocarbon opportunity attracting the attention of the global industry,” Eric Hathon, exploration director at Cairn Energy, said. “In the…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday expressed worries over the looming fuel scarcity in Ibadan due to non-availability of the product at the depot. In a communique issued in Ibadan, Alhaji Raheem Tayo, the Ibadan Chapter IPMAN Chairman, said that the association was worried that the situation had persisted in spite…
L-R: GMD, NNPC, Dr. Maikanti Baru and Chief Operating Officer, Upstream, Eni, Mr. Antonio Vella. The Federal Government and the management of the Nigerian National Petroleum Corporation (NNPC) have been commended for the improved security situation in the Niger Delta which has rubbed off positively on the operations of international oil companies. This commendation was given by…
30/7/2018/Reuters Aaron Sheldrick Oil prices fell on Tuesday, with Brent futures set for their biggest monthly loss in two years, on oversupply concerns after a report showed OPEC’s output in July rose to its highest for 2018. September Brent crude futures fell 46 cents, or 0.6 percent, to $74.51 a barrel by 0356 GMT after…
PRESS RELEASE—-Three suspected vandals, Kabiru Musa, 20; Abubakar Mohammed Umar, 25 and Rayyali Ibrahim 23, have been remanded in Kirikiri Prisons Lagos for damaging and stealing armored cables from a transformer belonging to Ikeja Electric Plc, at NEPA Coop Estate in Ijede, Ikorodu. The trio were arraigned at Agbowa Magistrate Court in Ikorodu following their…
The Edo State Governor, Mr Godwin Obaseki, on Thursday accused the Benin Electricity Distribution Company (BEDC) of frustrating a power deal with Ossiomo Power and Infrastructure Company Limited, to supply electricity to government offices in the state capital. Obaseki who disclosed this at the 4th National Council on Power event, holding in the state, decried…
The Chairman, House of Representatives Ad-hoc Committee investigating alleged constitutional breaches, impunity and other infractions of the Niger Delta Power Holding Company (NDPHC), Hon. Darlington Nwokocha (PDP, Abia), has described the past and present boards and management of the NDPHC as illegally constituted largely because their appointments were never ratified by its shareholders. It was…
“Success is better depicted when solutions are innovatively created and subsequently curated around perennial challenges; thereby enabling collective capturing of value within an ecosystem, that ultimately results in forward momentum for the industry.”_Ude Victor Ude, the Group Chief Executive Officer of VURIN, a leading Nigerian oil and gas services company in this interview with Jerome Onoja,…
Dr Theo Okeke, Executive Director and Chief Technical Officer, Eroton Exploration & Production Company speaks to Orient Energy Review In line with Dr Ibe Kachikwu’s (Minister of State for Petroleum Resources) ambition to up Nigeria’s daily crude oil production by a million barrels, Eroton, through innovative technologies has been able to ramp up its…