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Hydrocarbon Industry Will Still Remain a Multi-Trillion Dollar Industry in Coming Decades — Buhari

Bymajorwavesen

By Ikenna Omeje President Muhammadu Buhari, has said that the hydrocarbon industry will still remain a multi-trillion-dollar industry in decades to come. The President stated this while declaring open the 4th Nigeria International Petroleum Summit (NIPS), which held in Abuja, with the theme, “From Crisis to Opportunities: New Approaches to the Future of Hydrocarbons.” Represented by…

NCDMB
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NCDMB, NEXIM Bank Deploy US$40m Fund for Women in Oil Sector

Bymajorwavesen

Qualified women entrepreneurs in the Nigerian Oil and Gas industry can now benefit from the US$40m Women in Oil and Gas Intervention Fund deployed by the Nigerian Content Development and Monitoring Board (NCDMB) and Nexim Nigerian Export-Import Bank. The NCDMB is contributing US$20m to the pool and it will be matched by the same amount…

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Ogun, Kogi, top States with Highest Solid Minerals’ Revenue

Bymajorwavesen

 The latest report from the Nigeria Extractive Industries Transparency Initiative (NEITI) has indicated that Ogun, Kogi and Cross River States received the highest funds from the sale of solid minerals in 2019, inclusive of 13 percent derivation. According to the report, Ogun State received N301.8 million; Kogi got N239.5 million while Cross River got N114.2…

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Schneider Electric to host Innovation Day 2021, emphasize link between Digitisation and Sustainability

Bymajorwavesen

Schneider Electric, the leader in digital transformation of energy management and automation, will be hosting its 2021 Innovation Day come July 6, 2021.  The live virtual event will bring together thought leaders from around the world and across industries to discuss and deep dive into digitization and how it can be used to drive business…

Fadina Joins The Global Board Of Knowledge For Development Partnership

Bymajorwavesen

Jerome Onoja Austrian-based international, multi-stakeholder platform dedicated to advancing knowledge for development, economy and society, Knowledge for Development Partnership (K4DP) has announced the appointment of Prince Lekan Fadina to its Board of Directors.This was disclosed recently by the General Manager, K4DP, Dr Andreas Brandner in a press statement on the official website of the organization.Prince…

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“Advocacy for gender equality, proper legislations will promote growth of oil and gas industry” Onosode

Bymajorwavesen

Alero Onosode has had a long illustrious career in Nigeria’s oil and gas industry as an accomplished Human Resources (HR) expert in both generalist and specialists roles covering industrial relations, HR services, policy development and organization effectiveness.As a woman wearing many hats, she is the founder and Chief Executive Officer of AAO-Tsalach Ltd, a consultancy…

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Examining some Parameters for a Successful Decade of Gas

Bymajorwavesen

By Ikenna Omeje and Jerome Onoja As part of the Federal Government’s gas revolution agenda, President Muhammadu Buhari, in March, launched the “The Decade of Gas” programme, which aims to make Nigeria a gas powered economy by 2030.Gas is seen as the energy of the future and Nigeria has over 200 Trillion Cubic Feet (TCF)…

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RP Global and OOLU Solar partner to launch Westa.Solar, a new commercial & industrial solar venture in West Africa

Bymajorwavesen

Westa.Solar has delivered its first 500kWp solar PPA project to Petrichor Industries in Nigeria RP Global, a leading renewable energy developer and investor, and OOLU, leader in energy access solutions in West Africa, announce the launch of Westa.Solar, a Commercial & Industrial (C&I) Solar Venture in West Africa, and the deployment of its first solar PPA project…

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DPR Clarifies Request for Daily Stock Record

Bymajorwavesen

Daniel Terungwa The Department of Petroleum Resources (DPR) has clarified its decision to request for daily stock records from members of the Independent Petroleum Marketers Association of Nigeria (IPMAN). IPMAN, Suleja/Abuja Unit, had threatened to embark on an industrial action over alleged extortion by officials of the DPR, with the Chairman of the unit, Yahaya…

NCDMB, NEXIM Bank sign deal on US$30m Working Capital Fund for Oil Firms

Bymajorwavesen

The Nigerian Content Development and Monitoring Board (NCDMB) and Nexim Nigerian Export-Import Bank on Wednesday in Abuja signed a memorandum of understanding on the administration of US$30 million Working Capital Fund for oil and gas service companies. The Fund was conceived by the NCDMB to support the operations of local oil companies against the adverse…