In the midst of deteriorating oil production, the American oil giant, Chevron has decided to offload some of its assets in Nigeria for sale. The Multinational, like its competitors, Shell, ExxonMobil and Agip is putting on offer its stakes in two Nigerian offshore oil and gas blocks.It is understood that the company seeks to dispose of ageing assets to focus ...

The Electricity Consumers Assocation of Nigeria (ECAN) has commended Aba Power for maintaining the 2023 electricity tariff even when every other power distribution company (DisCo) in Nigeria has increased the amount paid by Band A customers who receive a minimum of 20 hours of electricity daily by almost 300%. “Though Aba Power Electricity (APLE) Limited began commercial operations only in ...

Capacities The Nigerian Content Development and Monitoring Board (NCDMB) has reassured stakeholders of the industry that oil and gas service companies that have established capacities in the country will continue to enjoy patronage through the award of contracts from operating companies in the industry. The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe made this commitment on Friday in Port Harcourt, ...

NNPC Exploration and Production Limited (NNPC E&P Ltd), NNPC Ltd’s flagship upstream subsidiary, and Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO), announce the successful commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State, Nigeria.The production, which commenced on the 6th of May 2024 with 6,000 ...

As part of its Corporate Social Responsibility (CSR) initiatives, the Nigerian National Petroleum Company Limited (NNPC Ltd) and First Exploration & Production Limited (First E&P) joint venture (JV) has donated the sum of N53million to non-governmental organizations (NGOs) in Nigeria.Under the JV’s Impact First Initiative, the donation, targeted towards enhancing societal welfare, would address areas such as good healthcare and ...

Bonga, Nigeria’s first deep-water development has been an outstanding producer due to effective leadership, cutting-edge technology, continuous improvement, integrated delivery and collaboration with partners and stakeholders, Managing Director, Shell Nigeria Exploration and Company Limited (SNEPCo), Elohor Aiboni. said on Thursday at the 2024 Offshore Technology Conference in Houston, Texas in US. Since coming on stream in November 2005, Bonga has ...

The Co-Chair of the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) and Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo on Thursday in Abuja received in audience the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe.The meeting provided an opportunity for the Executive Secretary and the Board’s top management to brief the Minister on ...

Photo: L-R: Prof. Yusuf Abubakar, Prof. Barth Nnaji, Andy Odeh, and Nike Akande, ……..by Ben Ndubwa……The Nigeria LNG Limited, NLNG’s General Manager for External Relations and Sustainable Development, Mr Andy Odeh has said that the Prize for Science which was instituted in the year 20004 is to ensure that scientific solutions are preferred to deal with the challenges in Nigeria ...

The Nigerian National Petroleum Company Ltd (NNPC Ltd) says it will continue to invest in the development of huge oil and gas infrastructure to make it easy for operators and prospective investors to carry out their business in Nigeria.The Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan, disclosed this at the ongoing Offshore Technology Conference (OTC), on Tuesday in Houston, Texas, ...

… Reduces tariff to N206.80 per KWh from N225….. The Nigerian Electricity Regulatory Commission has approved the upgrade of 60 additional feeders of Eko Electricity Distribution Company, bringing the total to 134. The upgrade follows a review of the feeders in line with their capabilities to give the customers classified under the feeder at least 20 hours of power supply ...