The KEFFES Rural Development Foundation (KRDF) on Friday suspended three chiefs over their alleged role in a botched effort to derail the group. Chief Christopher Tuduo, an Ex-officio member, who announced the suspension said the action was in accordance with…
Chevron Corp. has boosted its planned share buyback to as much as $5 billion per year, as the firm uses higher commodities prices to step up returns to investors rather than investing in production growth. The repurchases are now seen at $3 billion to $5 billion…
The Nigerian oil and gas industry is strategic to the overall socio-economic development of the country. Nigerian Content (“NC”) development is critical for the nation as it progresses in its quest to acquire oil and gas technology and build indigenous…
Chevron has rolled out plans toward meeting its energy transition through the investment of more cash in new low carbon sources. The company Chairman and CEO Michael Wirth, said Chevron intended to be a “leader” in low carbon plans. “Our…
By Uthman Salami Chevron Nigeria Limited (CNL), one of the largest oil and natural gas producers in Nigeria has revealed that the company has invested over $908 Million in Nigerian local content only in 2020. This revelation was contained in…
A report steaming from a study undertaken by Georgetown University revealed that Chevron Corp has made a significant investment of over $100 million channeled towards the development across major sectors Niger Delta region of Nigeria. This report was revealed in a study…
Chevron Nigeria Limited, (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL, (NNPC/CNL JV), on Wednesday July 7, 2021, received an award for the best exhibition booth at the 2021edition of the Nigeria Oil…
By Gloria Akudoro The Chairman and Managing Director, Chevron Nigeria Limited (CNL), Mr. Rick Kennedy, has identified low carbon emissions, gas development, effective industry policies, collaboration for cost reduction, and digital technology/innovation as strategic imperatives for fortifying the Nigerian Oil…
Chevron Nigeria Ltd. (CNL) said on Tuesday that it had contributed over N26 billion under its Global Memorandum of Understanding(GMoU) with Ilaje, Ijaw and Itsekiri communities across Niger Delta communities since 2005.Chevron’s General Manager Policy, Government and Public Affairs, Mr.…
By Faizat Adeboye Chevron’s venture capital arm and Moreld Ocean Wind have agreed to invest in Ocergy Inc.’s development and commercialization of floating offshore wind turbines. The investment by Chevron Technology Ventures is its first in offshore wind. The size…
