Tinubu Appoints Three New Executive Commissioners for NUPRC President Bola Tinubu has appointed three new Executive Commissioners for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). He also approved the redeployment of one current Executive Commissioner. This was disclosed on Tuesday by the Special Adviser to the President (Media & Publicity), Chief Ajuri Ngelale. The new…
UK’s National Grid to Speed Up 20GW of Clean Energy Projects National Grid (NG.L) said on Monday it was speeding up the connection of up to 20 gigawatts (GW) of clean energy projects to its electricity transmission and distribution networks in England and Wales. The company, which runs Britain’s energy systems, said 19 battery energy…
NLNG’s Unwavering Commitment to Local Content Development in Nigeria Nigeria LNG Limited (NLNG) last weekend hosted the Nigerian Content Stakeholders Retreat at its plant complex in Bonny, in demonstration of its unwavering commitment to the advancement of local content in Nigeria. The three days event provided a platform for the cohesion of NLNG’s vision of…
Dangote Group Accuses BUA of Sponsoring False, Negative Reports Against It As the Spat between Dangote and BUA ranges on, the Management of Dangote Industries Limited (DIL) has refuted allegations that it engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from such underhand practices….
Train-7 Project Hits 52%, Employs 8,300 Persons …NCDMB, NLNG Sign E-Market Place Agreement The ongoing construction of the $5bn Train-7 project being undertaken by the Nigeria Liquefied Natural Gas (NLNG) at Finima, Bonny Island, Rivers State has reached 52 percent and currently engages 8,300 Nigerians of diverse skill sets. These facts emerged on Friday…
NESG: EO5 should be extended beyond oil and gas. The Chief Operating Officer (COO) of MicCom Cables and Wires, Bukola Adubi, has called for the implementation of Executive Order 5 (EO5) beyond the oil and gas sector. She made the call in an interview with journalists on the margins of the 29th edition of the…
NEITI Report: NNPC Working with Stakeholders to Investigate, Reconcile Financial Records The Nigerian National Petroleum Company Limited (NNPC) Limited has said it is working with the Nigeria Extractive Industries Transparency Initiative (NEITI) and other key stakeholders in the reconciliation committee set up by President Bola Tinubu to investigate, review and reconcile the financial records on…
FG’s Power Plants Remain Dormant after Huge Investments The Federal Government in its quest to address the perennial power challenge in the country has over the years invested billions worth of naira in building power plants across the country to boost power generations. However, despite the huge investments made on these power plants, many of…
Higher Profit-Based Tax Doubles Russia’s Oil and Gas Revenues Russia’s oil and gas revenues jumped in October, due to a cyclical surge in the profit-based tax, and more than doubled from September to $17.6 billion (1.635 trillion Russian rubles), data from the Russian finance ministry showed on Friday. For September, the total Russian revenues from…
African Gas Has the Potential to do well in Europe – Wale Tinubu Group Chief Executive Officer at Oando Plc, Wale Tinubu has said that African gas will do well in European markets. He said this during a panel discussion at the recently concluded AfriCarribean Trade and Investment Forum (ACTIF). According to Tinubu, about 100…
