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Author Archives: admin

Oilserv to Takeover NNPC’s Moribund Pipelines – Oilserv Boss

An indigenous Engineering Procurement and Contract (EPC) company, Oilserv Ltd., says it plans to bid for all moribund Nigerian National Petroleum Company Ltd. (NNPC) pipeline distribution systems to ease products distribution chain. Mr Emeka Okwuosa, Group Chairman, Oilserv Ltd., disclosed this in an interview with Nigerian journalistson the sidelines of the just concluded Offshore Technology Conference (OTC) in Houston, Texas, ...

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NIPCO Partners Femadec to Boost Auto Gas in Nigeria

…….. partnership to increase number of Gas powered Vehicles…… Determined to actualize the Federal Government’s auto gas policy, NIPCO Gas Limited, (a subsidiary of NIPCO Plc) and Femadec Express have entered into partnership to increase the usage of Compressed Natural Gas (CNG) to power vehicles in Nigeria. The partnership would see Femadec leverage on NIPCO Gas capacity and auto gas ...

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Schneider Electric Touts Managed Power Services as the Next Wave of Growth Opportunity

Schneider Electric has identified Managed Power Services as the next big thing in the power sector when the leader in energy management automation encouraged its partners, professionals and end users to take advantage of the next wave of growth opportunity in the power sector. Speaking to the press recently at a media parley, Oluwaseun Oloyede, Secure Power Leader for Anglophone ...

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REA, State Governments To Boost Nigeria’s Rural Electrification

The Managing Director/CEO of Rural Electrification Agency ,Ahmad Salihijo Ahmad,has emphasized the need for state governments to support his agency in deepening rural areas . He said such support includes fast-tracking land approvals, and other associated permits and approvals, provision of data of unserved & underserved communities within the States, creating an enabling environment for private sector developers and providing ...

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Nigeria’s Midstream, Downstream Not Maximizing Local Content Potentials In Oil Industry – Wabote

The Nigerian Content Development and Monitoring Board (NCDMB) says midstream and downstream sector lacks a coherent strategy to maximize the local content potentials of the massive investments in the country’s oil industry massive investments. The agency gave the indication ahead of its maiden edition of the Nigerian Content Midstream/Downstream Oil and Gas Stakeholders Summit, with theme, Maximizing Potentials in the ...

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OPEC To Raise Monthly Production By 0.432 Million Barrel Per Day For June

The Organisation of Petroleum Exporting Countries (OPEC), has affirmed its decisions for upward adjustment of the monthly overall production by 0.435 million barrels per day (mb/d), for June 2022. This followed the conclusion of the 28th ministerial meeting held through video conference at the weekend, after which the organisation reconfirmed the production plan and monthly production adjustment mechanism approved at ...

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Eni Affirms Commitment to Carbon Neutrality.

Eni, the Italian multinational has outlined its commitment to achieving net zero emission in all its operations. The company reaffirmed this commitment in it’s published sustainability result and targets entitled “Eni for 2021 – A just transition,” which is its 16th voluntary sustainability report, outlined the company’s contribution and objectives for a just transition, with a view to sharing social ...

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Hydrogen Market Take-off Requires New Carbon Intensity Rating, says IEF

Hydrogen needs to become a widely traded commodity if the world is to meet its climate goals, the Secretary-General of the International Energy Forum (IEF) had told participants at an industry conference. Policy makers believe that hydrogen could hold the key to decarbonizing some sectors where traditional forms of low-carbon energy such as batteries and renewables don’t work. “Hydrogen will ...

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OPEC Chief to Attend Iraq Energy Forum 2022

OPEC Secretary-General, HE Mohammad Sanusi Barkindo, will participate in the 6th Iraq Energy Forum (IEF) in Baghdad, Iraq, which will be held from 18-20 June 2022. The event will also host the formal launch of OPEC’s history book ‘OPEC 60 years and beyond: A story of courage, cooperation and commitment,’ which was prepared to commemorate the Organization’s 60th Anniversary. The ...

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