The Nigerian National Petroleum Corporation, NNPC, yesterday, debunked claims of a planned increase in the price of Premium Motor Spirit, PMS, also known as petrol. In a statement in Abuja, Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ndu Ughamadu, advised motorists and other petroleum products consumers to disregard trending rumour of…
Company Plans To Raise $170 Million by Year-End to Boost Production Nigerian oil and gas production company Lekoil Ltd. is contemplating a listing on the Nigerian Stock Exchange (NSE) as it boosts output by more than threefold over the next three years, Chief Executive Officer Lekan Akinyanmi said. The energy firm, which trades on the London…
Lekoil, an oil and gas exploration and development company based in Nigeria and West Africa, announced that its joint venture (JV) with investment firm Green Energy International Limited has signed a Memorandum of Understanding (MOU) for the development of the Otakikpo project in Nigeria The company stated that the JV has signed the MOU…
By Margaret Nongo-Okojokwu The President of the Oil and Gas Trainers Association (OGTAN) Dr. Mayowa Afe and the Vice Chancellor, Niger Delta University, Professor Edomiekumo G. Samuel and other Vice Chancellors drawn from the benefiting Universities were also present. The Nigerian Content Development and Monitoring Board (NCDMB) and Danvic Petroleum International have begun the training…
Crude oil flows between the US and Canada continued at or near record levels this month, as US importers zeroed out all imports from Venezuela, Kuwait and Nigeria for the first time since the US Energy Information Administration began tracking import data. Overall, the US imported about 7.3 million b/d of crude oil for the…
Prof. Umar Danbatta, Executive Vice-Chairman, Nigerian Communication Commission (NCC), on Thursday urged stakeholders to forge a common direction toward a sustainable internet governance. Danbatta made this plea at the Nigeria Internet Governance Forum 2019 held at Muson Centre, Lagos. Theme of the event was: “Enabling Digital Common Wealth for Development.” Danbatta, represented by Dr Chidi…
The Nigerian National Petroleum Corporation is set for a new era of robust engagement with the National Assembly to ensure speedy passage of laws related to the Oil and Gas Industry for enhanced performance. A press release by the NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, stated that the new Group…
The North South Power Company Limited (NSPCL) has cautioned communities living around the dam on climatic predictions surrounding the Kaduna River basin which the company depends on for its operations. Mr Ugochukwu Chioke, Chief Operating Officer of NSPCL, gave the warning in Shiroro on Wednesday during the 2019 Annual Stakeholders Sensitation Meeting. Chioke said that…
Petroleum Technology Development Fund (PTDF), has urged selected candidates for the 2019 overseas PHD scholarship programme to focus on research works that will proffer solutions to challenges in the oil and gas sector. Dr Bello Gusau, the Executive Secretary of PTDF gave the charge at the induction for beneficiaries of the scholarship programme in Abuja…
Power Transmission Grid Power Supply Worsens Despite N5trn Investments, Says Report The power situation in Nigeria has continued to worsen over the years despite the substantial investments in the sector by past and present administrations in the country, a new report has said. NOIPolls Limited said in its ‘Power Poll Q2 2019 Report’ released on…
