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by Ben Ndubuwa……….. As President Mohammadu Buhari perform the flag off ceremony of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project, Oilserv Limited one of the nation’s leading EPC partners in the project will employ and absorb about 3,000 workers to complete the project. Financial Energy Review learnt that Engr. Emeka Okwuosa. Chairman/Group Chief Executive Officer (CEO) of Oilserv ...

The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will receive a boost tomorrow as President Muhammadu Buhari performs the Flag-off of the construction of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project. The project, expected to be completed within a 24-month timeline, is a section of the Trans-Nigeria Gas Pipeline (TNGP) with capacity to transport ...

There are strong indications that Oilserv Limited, one of the companies handling the of $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline is almost ready for tomorrow’s flag off and ground breaking ceremony of the project. Financial Energy Review gathered today at Ajaokuta that about 95 percent of the works and preparations at the site of the event/ceremony are ready. It is ...

by Jenifer Dike……….. The Executive Secretary of the Petroleum Products Pricing Regulation Agency (PPPRA) Mr. Saidu Abdulkadir has said that the current pricing template of the agency took care of the cost of importing and distributing Petroleum Products in Nigeria but this claim by the agency is now at variance to what the oil marketers had explained last week. Abdulkadir ...

Egbin Power Plc. Lagos is one of the biggest additions to the electricity industry in Nigeria. Often seen as the biggest single generating power station in Sub-Saharan Africa, it was built to meet the every rising demand for electricity in Lagos and its environs. Following the nation’s privatization exercise, Sahara, through its power division, Sahara Power Group and sundry affiliations, ...

…..hails Nigerian Content Accomplishments State for Petroleum Resources, Chief Timipre Sylva on Tuesday in Abuja inaugurated the new Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB), with a charge to the members to support the attainment of the Nigerian Content 10-Year Strategic Roadmap. He stated that accomplishing the lofty goals of the roadmap would enable the domestication ...

The Nigerian National Petroleum Corporation (NNPC) has said that 218.37billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating to an average daily production of 7493.65Million Standard Cubic Feet per Day (mmscfd). This was contained in NNPC Monthly Financial and Operations Report for March, 2020, a release by the corporation’s Group General Manager, Group Public Affairs Division, ...

by Musa Ibrahim………. The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has called on the lead contractors of Train 7– Saipem, Chiyoda and Daewoo (SCD) joint venture to ensure that Engineering, Procurement and Construction (EPC) components of the project added significant value to the nation’s quest for local content development. “We must push the ...

by James Ikenna………… In recent months, oil supermajors have been vocal about becoming net-zero energy businesses and reducing emissions and some of them takensteps to accelerate investments into low-carbon energy sources. Leading the pack, Shell is now planning a significant restructuring to reflect its net-zero emissions goal for 2050. Shell is expected to announce before the end of the year ...

by Abisoye Shola…………….. Ikeja Electric Plc has said that due to the upward review of meter prices by the Nigerian Electricity Regulatory Commission (NERC), the new price for Single Phase Meter is now N48,263.37, while Three-phase Meter is now N89,069.33. All prices are inclusive of VAT and became effective from June 1, 2020. The disco in statement said that the ...