Eni has discovered oil on the Baleine prospect in block CI-101 offshore Ivory Coast.The drillship Saipem 10000 drilled the Baleine-1x well in 1,200 m (3,937 ft) of water and about 60 km (37 mi) offshore. It reached a total depth of 3,445 m (11,302 ft) in 30 days. Baleine-1x discovered light oil (40° API) in two different stratigraphic levels. Intelligent ...
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The exit of Engr. Saleh Mamman, as the Minister of power who was accused of his failure to halt the incessant national power blackout is now replaced by Engr. Abubakar Aliyu, a civil engineer and two-term former deputy governor of Yobe state state. He has been announced as the new minister of power, third in that capacity during the President ...
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The Department of Petroleum Resources (DPR) says the Federal Government’s plans to increase the nation’s oil and gas reserves, are on course and being boosted by strategic policies and programmes. Head, Public Affairs, DPR, Mr Paul Osu, made this known in a statement on Tuesday in Lagos. Osu said the national aspiration of Nigeria was to increase its reserves from ...
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Oando on Tuesday, successfully concluded its long-awaited 42nd Annual General Meeting, AGM, with shareholders Reinforcing confidence in company’s management to piloting its operations. The company’s first-ever hybrid AGM comes in the wake of an out-of-court settlement with the Securities and Exchange Commission, SEC, who hitherto, suspended the company’s AGM in 2019. In line with COVID restrictions on large gatherings, shareholders ...
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The Nigerian Content Development and Monitoring Board has earmarked $50 Million Research and Development Fund for commercialising research works. The Executive Secretary, Nigerian Content and Development and Monitoring Board, NCDMB, Simbi Wabote, made this known on Tuesday in Lagos at the press briefing to announce the second edition of NCDMB Research and Development Fair which will take place September 9, ...
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……..Project will save country scarce forex, says Emefiele…..Africa’s richest man and the President of the Dangote Group, Alhaji Aliko Dangote, yesterday disclosed that the 20 per cent equity taken by the Nigerian National Petroleum Corporation (NNPC) in his much-awaited refinery will not be paid in a single cash transaction. Speaking during a documentary aired on Arise News Channel, THISDAY’s broadcast ...
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Total Nigeria Plc has announced the appointment of Dr. Samba Seye as the Managing Director of the company.He replaces Mr. Imrane Barry who has been reassigned to TotalEnergies SE Headquarters in Paris. Dr. Seye holds a Doctorate Degree in fluid mechanics from the University of Sciences and Techniques of Lille, France, where he worked as an assistant lecturer from 1990 ...
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The Central Bank of Nigeria (CBN) has directed all banks to publish names of customers who try to break the rules on Forex acquisition on their website. The CBN on Monday, August 30th issued a circular (BSD/DIR/PUB/LAB/14/059) to all banks lamenting that it has “received and noted with concern reports of sharp practices by some unscrupulous customers to circumvent the ...
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The attention of Nigeria LNG Limited (NLNG) has been drawn to an article titled “How high cost of cooking gas leaves Nigerians with deadly alternatives” which was published in Punch Newspaper on 29th August 2021. To set the record straight, NLNG states that: It is grossly inaccurate to state that NLNG produces 22 Million Tonnes Per Annum (MTPA) of Liquified ...
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The NNPC/ Chevron Nigeria Limited Joint Venture has donated modern medical equipment worth millions of Naira to the Oporoza and Tsekelewu Cottage hospitals in Egbema-Gbaramatu kingdoms as well as the Government hospital in Ogidigben. The Egbema Gbaramatu Communities Development Foundation (EGCDF) received the items for the Oporoza and Tsekelewu cottage hospitals while the Itsekiri Regional Development Committee (IRDC) received the ...
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