Bonga, Ubeta: ES NCDMB Visits Samsung, Africoat, Insists on Patronage of Local Facilities The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Monday visited the facilities of Samsung Heavy Industries Nigeria (SHIN), and Africoat Nigeria Limited, a pipe coating plant, located at Takwa Bay, Lagos. The visit is consistent…
NNPCL Calls for Increased Vigilance on Oil Pipelines, Power Plants The Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Ltd, Olufemi Soneye, has called on the public to be vigilant and be part of efforts in safeguarding critical infrastructure such as oil and gas pipelines and power plants. He warned that vandalism…
NEITI-TETFUND Forge Ties on Data Access, Tax Compliance and Revenue Transparency The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Tertiary Education Trust Fund-TETFund have committed to strengthen their partnership on accessibility to credible data, tax compliance and revenue disclosures. The Executive Secretaries of NEITI and TETFund, Dr Orji Ogbonnaya Orji and Arc. Sonny…
Shell Predicts Bright Future for Nigeria’s Deep-water Production Speaking at the 9th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Ronald Adams explained that Nigeria can meet oil production targets and implement ambitious development programmes from deep-water oil and gas operations if it continues with…
Bandele, DMD, TotalEnergies, Stresses Efficiency, Collaboration to Drive Africa’s Energy Engr Victor Bandele, Deputy Managing Director (DMD), Deepwater Assets of TotalEnergies E&P Nigeria Limited, has stressed the need for greater efficiency and collaboration for the energy industry in Nigeria to be competitive and attract investments. He also explained that the right environment increases the appetite…
Let the DISCOs die for Nigerians to have light By Michael Owhoko, Ph.D The unending darkness permeating Nigeria today, unarguably, was the mistake of 2013 when majority stakes in the electricity distribution companies (DISCOs) were sold to private investors as part of larger efforts to improve electricity supply, which was hitherto, disrupted by constant power…
Chevron Reiterates Commitment to Socio-Economic Development of Delta State Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited and CNL- NNPCL/CNL JV- has reiterated its commitment to the socio-economic development of communities neighbouring the areas of our operations and building mutually beneficial partnerships with the government and people…
SHELL, BAYELSA STATE GOVERNMENT LAUNCH PLAN TO PROTECT TAYLOR CREEK FOREST RESERVE The Shell Petroleum Development Company of Nigeria Limited (SPDC Joint Venture) and the Bayelsa state government inaugurated the Gbaran Biodiversity Action Plan (Gbaran BAP), last week, in which more than 150 people from Taylor Creek Forest Reserve communities have been trained in alternative…
The Global Debate: Reducing Fossil Fuel Subsidies to Combat Climate Change Governments worldwide continue to allocate billions to fossil fuel subsidies to keep energy costs affordable for citizens. However, these measures come at a significant economic cost, create inefficiencies in energy markets, and hinder the transition to cleaner energy sources. Addressing these subsidies is essential…
Oil Prices Dip Amid Weak Chinese Spending and Fed Rate Decision Anticipation Oil prices edged lower on Monday, reversing gains from last week, as weak consumer spending data from China raised concerns about demand in the world’s largest oil-importing nation. Investors also took a cautious stance ahead of the U.S. Federal Reserve’s highly anticipated interest…
