Prof. Folasade Ogunsola, Vice-Chancellor, UNILAG, inaugurating buses using solar energy and electricity The University of Lagos (UNILAG) on Monday, December 16, 2024, inaugurated buses using solar energy and electricity aimed at achieving zero emission. The Vice-Chancellor of the university, Prof. Folasade Ogunsola, unveiled the buses and logo at a media parley in Lagos. Ogunsola said that the buses were made ...

……….by Ben Ndubuwa….. The Nigerian Content Development and Monitoring Board (NCDMB) has applauded the Petroleum Technology Association of Nigeria (PETAN) for its transformative contributions to the energy industry and urged the association to champion a more sustainable and inclusive oil and gas sector. Speaking during PETAN’s 30th Anniversary Celebration in Lagos on Friday, the Executive Secretary of the NCDMB, Engr. ...

……..by Ben Ndubuwa……. Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced its final investment decision (FID) on the Bonga North project, a significant deep-water oil development off the coast of Nigeria. Bonga North will be developed as a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility, where Shell ...

Photo L-R: Salahudeen Tahir, Society of Petroleum Engineers (SPE) Chairman, Nigeria Council 2024; Debo Fagbami, SPE Chairman Nigeria Council 2019; Chigozie Dimgba, CEO, Polaris Integrated and GeoSolutions Ltd (PIGL); Nnenna Dimgba, Executive Director, PIGL; Olalekan Olafuyi, SPE Chairman Nigeria Council 2022; & Damian Enaholo, ND Western at the PIGL 20th anniversary dinner held in Lagos recently… The Independent Petroleum Producers ...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has refuted issuing a directive that gas supply to power generating companies (GenCos) be halted. In a statementissued by the  Authority’s public affairs department on Wednesday denied instructing wholesale gas suppliers to stop further supply of gas to companies due to failure in payment obligations. The NMDPRA described reports stating that ...

Access Holdings Plc (“Access Holdings”) is pleased to announce that its banking subsidiary, Access Bank Plc (“the Bank”), has entered into a binding agreement with South Africa-based Bidvest Group Limited for the acquisition of a 100% equity stake in Bidvest Bank Limited (“Bidvest Bank”). This agreement reflects the Bank’s commitment to strengthening its footprint in South Africa and consolidating on ...

……….Seplat Energy becomes Nigeria’s leading independent energy company as 1,000 staff and 500 contractors will transition to the Seplat Group……. Seplat Energy Plc, a leading Nigerian energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, is delighted to announce that it has completed its acquisition of Mobil Producing Nigeria Unlimited (“MPNU”) from ExxonMobil . The ...

The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday executed the engineering, procurement, and construction contract with Julius Berger PLC for the development of Oloibiri Museum and Research Centre (OMRC), to be located at Otuabagi, Ogbia Local Government Area of Bayelsa State. The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe, executed the contract at the Board’s liaison office in ...

OPEC cut its forecasts for oil demand growth this year and next on Wednesday, highlighting weakness in China, India and other regions in the producer group’s fifth consecutive downward revision. The weaker outlook highlights the challenge facing OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies such as Russia. OPEC+ earlier this month delayed its plan to ...

ExxonMobil on Wednesday said its annual project spending will rise to between $28 billion and $33 billion between 2026 and 2030 as it looks to boost its oil and gas output by 18%. This follows its acquisition of U.S. shale producer Pioneer Natural Resources. The top U.S. oil producer laid out a five-year plan to increase earnings by $20 billion ...