Group Urges Oil Firms to Assist Flood Victims in Rivers The Ekpeye Oil and Gas Pipeline Host Families Association has charged mulmultinational companies operating in Ekpeyeland to come to the aid of the people, over the devastating impact of flooding in Ahoada East and Ahoada West Local Government Areas of Rivers State. Ahoada East and…
Oando Clean Energy Limited to Showcase Sustainable Projects at COP27 The 27th United Nations Climate Change Conference (COP27) themed ‘Delivering for People and the Planet’ kicks off in Sharm El Sheik, Egypt. The event will host more than 45,000 registered COP27 participants representing Parties, the United Nations (UN), regional non-governmental and intergovernmental organizations, businesses, the…
Accugas Wins CIPM HR Best Practice Award Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that the Company’s 80% indirectly owned subsidiary, Accugas Limited, has won the Human Resources (“HR”) Best Practice Award for the Energy, Oil and Gas Sector at…
NCDMB Boss Commissions GIL Automation’s Factory The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Thursday in Lagos performed the commissioning of GIL Automation’s cable tray and switchgear factory, and the opening of its new building. The company offers an array of services in electrical and automation…
Hope Rises for Nigeria’s Power Sector as Generation Surges to 4,728.2MW Nigeria’s power generation rose by 17.53 percent or 705.5 Megawatts, MW to 4,728.2MW on Saturday, from the 4,022.7MW recorded last Sunday, latest data by the National System Operator, NSO, has revealed. The rise in power generation came after about five weeks of stagnation following…
SHELL COMMITS $1M TO SUPPORT FLOOD VICTIMS IN THE NIGER DELTA LEADING energy company, Shell, has committed one million US Dollars ($1million), exclusive of its joint venture partners in Nigeria, to support government’s efforts to provide relief to people impacted by the current flood disaster. Shell’s donation will be used to procure and distribute food…
Russian Oil Supplies to China Up 22% on Year, Close Second to Saudi – Data China’s oil imports from Russia soared 22% in September from a year earlier, but were a touch behind top supplier Saudi Arabia, as independent refiners bought more lower-priced Russian fuel in the face of weak domestic refining margins. Supplies from…
Bonga is in a Class of its Own The Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Mr. Bala Wunti, visited Bonga, Nigeria’s first deep-water development, last month and came away with an endorsement that shines a light on the status of the field as a pioneer. He described Bonga as “best…
OPEC Daily Basket Price Stood At $90.82 a Barrel The price of OPEC basket of 13 crudes stood at $90.82 a barrel on Tuesday, October 18, 2022, compared with $92.16 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes, ORB, is made up of the following: Saharan Blend (Algeria), Girassol…
NEPZA goes Tough on Contractors over Delayed Projects The Nigeria Export Processing Zones Authority, NEPZA, has vowed to call up contract bonds from companies that willfully prolong execution of assigned projects with the hope of triggering `variation clause’. Managing Director of NEPZA, Prof. Adesoji Adesugba, dropped the hint in Abuja after receiving Report of the…
