Saipem SpA, the Italian oil-services provider, which builds projects for the fossil-fuel industry, says it may get more than half its work from clean-energy clients in a decade. That reflects a persistent lack of oil-company investment in the wake of crude’s crash, and a boom in renewables. “In 10 years, green energy could account for…
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday said that by the end of the month, the Federal Government would have settled the contractual structure that would aid the country to unlock gas offshore instead of depending solely on the Niger Delta. Kachikwu, who spoke at the ongoing Nigerian Gas Association (NGA),…
Content Board lauds Dangote Refinery on local content …expresses readiness for partnership LAGOS, Nigeria, October 15, 2018/ — Nigerian Content Development and Monitoring Board (NCDMB) has praised the management of Dangote (www.Dangote.com) Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) over its adherence to the local content law in the execution of its projects and…
The Federal High Court in Abuja on Thursday validated the Presidential Executive Order 6 of 2018 which provides for the interim seizure of assets linked to ongoing criminal trials and investigations. President Muhammadu Buhari had on July 5, 2018, issued the Presidential Executive Order, but two lawyers, Ikenga Ugochinyere and Mr Keneth Udeze, instituted…
Total Upstream Nigeria Limited and Total Nigeria Plc have announced the commencement of the second edition of the Startupper of the Year Challenge. The General Manager, Human Resources and Corporate Services, Total Nigeria, Olubunmi Popoola-Mordi, said the Startupper of the Year by Total Challenge 2018-2019 was designed to support and reward young entrepreneurs up…
Nestlé and Ashoka on Tuesday announced the commencement of a social investment accelerator programme that seeks to advance social entrepreneurship and boost economic development in Africa. As part of the programme, 12 social entrepreneurs from Ghana, Benin, Egypt, Kenya, Uganda and South Africa would have the opportunity to learn new tools and methodologies to help…
As the outcry from electricity consumers over ‘crazy’ bills continues to rage almost five years after the privatisation of the power sector, the Nigerian Electricity Regulatory Commission is considering putting limits on estimated billing. NERC noted that the issue of estimated billing had continued to constitute a major source of complaint by customers of…
Emmanuel Ugwu in Umuahia As the death toll in the recent pipeline explosion in Abia State hits 150, Senator Theodore Orji, has called on the Nigerian National Petroleum Corporation (NNPC) to hasten up and repair all its leaking pipelines to halt further avoidable deaths. He made the call at the weekend when he visited Umuimo…
A bi-monthly update report on the state of Nigeria’s economy prepared by Lagos-based economic research and analyses firm, Financial Derivatives Company (FDC), has disclosed that with the rising prices of crude oil at the international market, petrol subsidy will exceed $3.85 billion initial estimate by the Minister of State for Petroleum Resources, Dr. Ibe…
Tullow Ghana Limited, operators of Jubilee and TEN Oil Fields has been sharing highlights of their contribution to the growth of the Ghanaian economy. Since its operation in 2006 in Ghana, in offshore oil exploration and production, the company has made tremendous impact in support the country’s fiscal and economic growth. Director of External Affairs…
