“Diversify Transportation of Petroleum Products Now,” Heritage Energy’s GM Challenges Operators “98% of refined petroleum products within Nigeria are moved by road transportation, leading to high cost per unit volume and safety concerns.” “There’s need to find a solution to this,” says Sola Adebawo, Heritage Energy’s GM, Government Joint Ventures and External Relations. Sola said…
Nigeria’s Anthony Chiejina Among ‘2024 World’s Most Influential Communications Executives’ Anthony Chiejina, the Group Head of Corporate Communications at Dangote Group, has been honored by global PR firm Provoke Media as one of the “100 Most Influential Communications and Marketing Executives in the World for 2024.” Provoke Media highlighted the immense challenges corporations and brands…
TotalEnergies Empowers 79 Youths in Koko, Delta State through Skill Acquisition Program On June 26, 2024, TotalEnergies Marketing Nigeria Plc graduated its 2023 Skill Acquisition Program (SAP) batch in Koko, Delta State. This event marked a significant milestone in the company’s commitment to youth empowerment and community development. Since its inception in 2006, the TotalEnergies…
Government incurs over ₦633bn Electricity Subsidy in Q1 2024 The Federal Government of Nigeria expended over ₦633.30 billion on electricity subsidies during the first quarter of 2024, according to recent findings. The Nigerian Electricity Regulatory Commission’s quarterly report highlighted that this figure marks a 150.5 percent increase from the ₦252.76 billion spent in the last…
Seplat Energy Grows PBT to N244bn in H1 2024 … Achieves over 4.9 million hours without Lost Time Injury Seplat Energy PLC, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announces its unaudited results for the for the six months ended 30 June 2024, declaring US 6 Cents total dividend per share for…
SPE Nigeria Council assures attendees of safe and successful NAICE 2024 event The Society of Petroleum Engineers (SPE) Nigeria Council has released a statement to address all participants and prospective attendees regarding the upcoming Nigeria Annual International Conference & Exhibition (NAICE), scheduled to take place from Monday, August 5th, to Wednesday, August 7th, 2024 at…
Divestment: Nigeria’s National Interest, Oil Assets Bidders Amidst Environment, Community Concerns By Ibrahim Musa There are strong indications that environmental pollution, conflicts with host communities, community-based petitions, inability or unwillingness to pay judgment debts, decommissioning liabilities as well as lack of financial capacity and technical competence can affect some companies involved in selling and buying…
Oando Denies Owning Interests in Maltese Oil Storage & Blending Facility, Ras Hanzir Oil Terminal Limited Oando Plc has addressed allegations circulating on social and digital media accusing the company of being a shareholder, and its principals of being board members, in a Maltese company, Ras Hanzir Oil Terminal Limited. This company purportedly operates an…
Powering Forward: Nigerian Petroleum Industry as IOCs Back Pedal The merger and acquisition activities in Nigeria’s petroleum sector are driven by energy transition and strategic alliances for operational efficiencies. The divestment by major international oil companies (IOCs) presents opportunities for indigenous players in the industry to take center stage. Felix Douglas reports that IOCs are…
Benefits of Green Economy Highlighted at Oriental News Summit The 2024 Oriental News Summit, themed “Green Economy, Sustainable Growth, and Infrastructure Transformation,” took place in Lagos, drawing together key players in the energy industry, government officials, economic analysts, trade union associations in the energy sector, women in the Sustainable Power Africa Network, and executive members…
