The Forward Operating Base (FORMOSO) of the Nigeria Navy has handed over a grounded seized vessel (MT Maro) to a steel company in order to scrap and dismantle it and turn to Iran steel. Handling over the vessel which was grounded by the Navy after the crew members were arrested for their involvement in illegal…
A Federal High Court sitting in Lagos State has been approached to order the commencement of a wind-up proceedings against the Oil multinational, Aiteo Eastern Exploration and Production Company Limited (AEEPC) over its failure to pay a debt of N259, 068,753.00 owed a Charlietam International Services Limited. Aiteo is the oil company that acquired OML…
New York 19th October 2019: The Managing Director of Lagos Deep Offshore Logistic Base, LADOL, Dr. Amy Jadesimi, alongside Mrs. Gail Klintworth and Mr. Robbie Marwick from Systemiq collected the P4G award for Sustainable Special Economic Zones. The award was given for LADOL’s work so far in developing plans and partnerships focused on transforming special…
Women operators in the Nigerian oil and gas industry will soon benefit from gender friendly policies on access to funding, award of contracts and support for research and development, courtesy of the Nigerian Content Development and Monitoring Board (NCDMB). The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote announced this at the close…
Airtel Nigeria on Friday announced an increase in allowance on its weekly and monthly data tariff plans to enable mobile internet consumers enjoy more value at discounted rates. Chief Commercial Officer, Airtel Nigeria, Dinesh Balsingh, said in a statement in Lagos that the new tariff review applied to weekly and monthly data plans. “Under the…
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations said that they could not generate 3,133.9 megawatts of electricity due to unavailability of distribution infrastructure on Thursday . This is contained in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained in Abuja on…
The Federal High Court sitting in Abuja has ordered the suspension of Nigeria National Petroleum Corporation (NNPC) ongoing job recruitment pending determination of a suit filed by one Mr Pelumi Olajengbesi. Olajengbesi, a public interest lawyer, had commenced the enforcement of the Fundamental Rights of all potential applicants to set aside the recruitment by the…
The Nigerian National Petroleum Corporation (NNPC) and the National Institute for Security Studies (NISS) have stepped up inter-agency collaboration to ensure safety of oil assets in the country. The Group Managing Director of the NNPC, Malam Mele Kyari, disclosed this in a statement signed by Mr Samson Makoji, the Acting spokesman for the corporation, in…
President Muhammadu Buhari, on Thursday at the Presidential Villa, Abuja, had a closed-door meeting with governors of the nine oil producing states. The nine oil producing states are Rivers, Baylesa, Cross River, Akwa Ibom, Delta, Edo, Abia, Imo and Ondo. Gov. Seriake Dickson of Bayelsa, who spoke with State House correspondents after the meeting, said…
….. To hold stakeholders’ Annual General Meeting on Oct. 24 To reduced frequent petroleum trucks accident on Nigeria road, the Department of Petroleum Resources (DPR) has scheduled a stakeholders forum in ensuring a effective collaboration with all stakeholders towards safe petroleum products transportation system across the country and to also proffer solutions to frequent truck…
