…Acquires 45% of OML 17 from Shell, Total and ENI …Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent …Estimated Additional 1 billion barrels of oil equivalent of further…
Gov. Ifeanyi Okowa of Delta on Thursday, performed the groundbreaking for the 40 million dollars (about N15.2 billion) power transmission tower manufacturing industry in the state. The governor performed the function at the project site at KM 25, Asaba-Benin Expressway,…
The Nigerian National Petroleum Corporation (NNPC) has said it is currently diversifying its portfolio beyond oil assets due to the impact of global energy transition. Mr Mele Kyari, Group Managing Director, NNPC made this known on Wednesday while speaking at the Gulf Intelligence…
No fewer than 96 companies have indicated interest in the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure. The public opening of the bid was held virtually in Abuja, on Thursday. The Managing Director of the Nigerian Pipelines…
The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, on Thursday inaugurated a steering committee for the implementation of the Export Expansion Facility (EEF) to boost non-oil exports. Adebayo at the virtual inauguration of the committee warned that the…
…To focus more on gas, Condensates for revenue growth The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at…
By Abba – Eku Onyeka, Abuja Gomo the III of Karmo Sabo, Abuja the Federal Capital Territory (FCT), Chief Umar Garni Sarkin Karmo has hailed the Federal Government’s (FG) decision to halt the increase effected in electricity tariff by the…
Vice President Yemi Osinbajo has urged stakeholders in the oil industry to find and agree on cheaper means of producing oil in the country. Osinbajo’s spokesman, Laolu Akande, in a statement on Wednesday in Abuja, said that the vice president…
By Ogaga Ariemu Abuja Electricity Distribution Company(AEDC), and Ikeja Electric take lead as the 11 electricity Distribution Companies (DisCos) have installed only 525,120 meters in the last two years with about six million power consumers suffering from estimated billing as…
A leading Oil and Gas logistics company, INTELS Nigeria Ltd., has completed the training of a fresh batch of 40 women under its Women Empowerment Programme Scheme Synergy (WEPSS). WEPSS is a Corporate Social Responsibility initiative established by INTELS in…
