Stakeholders laud FG’s renewed focus on marine and blue economy Stakeholders have lauded the Federal Government for establishing the Ministry of Marine and Blue Economy and expressed optimism that it would widen the exploration of Nigeria’s coastal potential. Some of them, who spoke, expressed hope that the ministry would revitalise the nation’s seaports and boost…
NNPCL swaps N2.6tn crude for refined products The Nigerian National Petroleum Company Limited exchanged crude oil valued at N2.6tn for refined petroleum products in 2021, latest data from the Nigeria Extractive Industries Transparency Initiative, an agency of the Federal Government, showed. An analysis of crude oil production figures obtained from the just released 2021 Oil…
JTF seizes eight vessels with stolen oil in Rivers The Joint Task Force, Operation Delta Safe has intercepted eight barges smuggling over 100,000 litres of adulterated diesel in Rivers. Commander, Joint Task Force, South-South, OPDS, Real Admiral Olusegun Ferreira, disclosed this while presenting the seized barges and petroleum product to newsmen in Bonny on Sunday….
NCDMB, NNPC, IOCs sign agreement on oil production increase *Target 6 months contract cycle A Summary: 1. The Nigerian Content Development and Monitoring Board (NCDMB) has signed a Memorandum of Understanding (MoU) cum Service Level Agreement (SLA) with the Nigerian National Petroleum Company Ltd (NNPC Ltd) and five international oil-producing companies. 2. The SLA aims…
Winners emerge in NCDMB National Essay Competition, as Board harps on in-country value addition. Winners of the 7th Nigerian Content Annual National Undergraduate Essay Competition, 2023, were unveiled on Wednesday at the Lady Daima Memorial Event Center, Yenagoa, Bayelsa State at a well-attended ceremony. It was the Grand Finale of the competition, with the top…
Accugas seals pact with Inoyo Toro Foundation To establish education, internship training programme Accugas Limited, the midstream subsidiary of Savannah Energy PLC, the British independent energy company, has signed a Memorandum of Understanding (MoU) with the Inoyo Toro Foundation, a non-profit educational foundation based in Akwa Ibom State, for the establishment of the Savannah Energy…
We’re ready to commence massive metering – EKEDC Eko Electricity Distribution Company (EKEDC) has reassured its customers of its readiness to begin a large-scale metering initiative for prepaid meters within the company’s network areas. Dr Tinuade Sanda, Chief Executive Officer, EKEDC, gave the assurance during a customer engagement forum organised by the company on Thursday…
Wabote: Africa accounts for 12% of annual global oil production The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said that although Africa produces roughly 12 per cent of global oil volumes, it only consumes less than 4 per cent of the commodity. He described the situation as potential…
FG approves N185bn as palliatives, states and FCT get N5b each for grains The federal government has approved a grant of N185 billion to the 36 states of the federation and the Federal Capital Territory (FCT) for the purchase of 100,000 bags of rice and other grains to be distributed as palliatives. Borno State Governor,…
Seplat energy confirms incident involving the Majestic rig near Ovhor, Delta State Seplat Energy regrets to announced a serious incident on the Depthwise swamp drilling rig “Majestic” in the early hours of this morning. Seplat as the operator of the SEPLAT/NNPCL joint venture contracted the rig. It was in-transit to its planned drilling location at…
