Aiteo Group, an indigenous oil and gas company, has donated 50 assault gunboats and drones to the Nigerian Navy, in a bid to stem the tide of frequent attacks on oil and gas facilities by vandals. The military equipment handed over by the oil firm to the Navy in Port Harcourt include, 21 gunboats, 14…
The Nigerian National Petroleum Corporation (NNPC) has defined investors who can take over divested assets of International Oil Companies (IOCs) operating in Nigeria. The national oil firm noted that only investors with technical, financial and operational capabilities would be allowed to take over divested assets of IOCs. The Group Managing Director of the NNPC, Mr…
World energy giant, Shell, has named Elohor Aiboni as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCo) with effect from 1st August 2021. Elohor is the first female to lead a Shell exploration company in the over 60 years of Shell’s operations in Nigeria. She succeeds Bayo…
By Oluwatoyin Bayagbon Mrs Patricia Ochogbu, President NAPE The Nigerian Association of Petroleum Explorationists (NAPE), have urged the federal government to provide needed support to independent operators as more opportunities open up in oil and gas exploration. Patricia Ochogbu, NAPE President who made the call at a media briefing on Wednesday in Lagos, said many…
…Says Youth Entrepreneurship, Education , Inclusion key to achieving UN’s SDG Goals By Margaret Nongo-Okojokwu French Energy giant, TotalEnergies says it will continue to contribute to national development and attainment of the Sustainable Development Goals (SDG), through its various Corporate Social Responsibility (CSR) programmes across Nigeria. Executive General Manager, Total Country Services, Mrs Bunmi Popoola-Mordi,…
Mustafa Indimi has been appointed as the new Managing Director of Oriental Energy Resources Limited. Mustafa takes over from Mr. Ignatius Ifelayo who served the company meritoriously for seven years. Prior to the new appointment, Mustafa was the Executive Director (Technical) and a member of the company’s Board of Directors. He brings with him an…
Extreme weather events a call for help to accelerate climate action Schneider Electric provides solutions to launch climate change initiative Schneider Electric has helped customers save 276 million tons of CO2 emissions in Q1 2021 Rueil-Malmaison (France), July 29 2021 – This year’s Earth Overshoot Day has moved almost a month forward, in part due…
JOHANNESBURG, SOUTH AFRICA. 28 JULY 2021. As the need for energy transformation gathers pace at a global level, North African countries are also starting to make moves. Several players active in North Africa’s oil and gas space – producing countries, independent oil companies (IOCs), service-providers and others – are already signed up for Africa Oil Week…
The Federal Government on Monday disclosed that out of 7,000 oil reserves that have been discovered in the country, only 1,700 of the reserves are currently producing crude oil. The government disclosed this in Abuja through its Department of Petroleum Resources. It however, stated that measures were being put in place to produce oil from…
By Ikenna Omeje Rystad Energy has estimated the lifespan of Nigeria’s proven oil reserves to be just 5.9 years, approximately six years. While Nigeria’s proven oil reserves lifespan was estimated to be about six years, that of Saudi Arabia and the United Arab Emirates was estimated to be 17.8 and 19.4, approximately 18 years and…
