……..Commission is Ever Committed to excellent oversight of Nigeria’s oil, gas sector…….. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Commission’s Chief Executive, Engr. Gbenga Komolafe has won the Champion Newspapers’ Most Outstanding Regulator of the Year Award. Komolafe was conferred with the honour during the newspaper’s annual awards ceremony held at the Eko Hotels & Suites in Victoria Island, Lagos, ...
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NLC Shuts Down National Grid as Key National Facilities Experience Darkness
The Organised Labour Unions in Nigeria have shut down the national grid, sending key national facilities into darkness and the country’s economy going blank. With the national grid down there is strong indications that facilities like the Aso Rock, National Assembly, airports, hospitals, universities, will be in darkness for now. Though frantic efforts are being made to restore electric power ...
Read More »Geregu Power Signs Pact with Siemens Energy to Expand Capacity by 176 Percent to 1200MW
Nigeria’s foremost power generation solutions provider, Geregu Power PLC and Siemens Energy have signed a Memorandum of Understanding to jointly develop solutions for capacity expansion at the Geregu 1 power plant which will culminate to overall nameplate capacity to 1200MW from the current 435MW, a 176 percent growth. According to a notice at the Nigerian Exchange signed by Akinleye Olagbende, ...
Read More »Egbin Power Honors Employees for Long Service and Outstanding Performance
Photo: L-R Head of Maintenance, Felix Ebiware; Section Head, Mechanical Workshop, Bashiru Mohammed; CEO, Mokhtar Bounour and HOD, Mechanical Workshop, Akintona Keshinro, all of Egbin Power Plc, during the company’s Long Service Awards 2024. …reaffirms commitment to excellence, human capital development……. In appreciation of its employees’ contributions to the sustainable progress and achievements recorded over the years, Egbin Power Plc ...
Read More »NNPC Sustains March Towards Regulatory Excellence
……..As Company Bags NIMASA Compliance Certification on Ship, Port Security………… The NNPC Ltd has reiterated its commitment to sustain the Company’s march towards process improvement, regulatory compliance and performance excellence. NNPC’s Executive Vice President, Business Services, Mr. Inuwa Danladi, disclosed this while speaking on the recent certification of the International Ship and Port Facility Security (ISPS) Code Compliance obtained ...
Read More »Shell Partners NDDC with $142 Million in 2023
A total of $142.5 million was paid to the Niger Delta Development Commission (NDDC) last year by The Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo). SPDC paid $112.5 million while SNEPCo remitted $30 million compared to $59.04 million by SPDC and $20.73 by SNEPCo in 2022. The contributions came from the ...
Read More »Oando Hits N3.4 Trillion a 71 Percent in Turnover and Records N74.7 Billion PAT
……. our latest results provide a foundation for us to consolidate and build for the future – Wale Tinubu……… ………by Ben Ndubuwa…… Oando PLC, one of the Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has recorded in its unaudited results for the twelve months period ended December 31, 2023 a turnover of N3.4 ...
Read More »Abuja Electricity Gives June 3rd to Disconnect Services to Outstanding Debtors
Thee Abuja Electricity Distribution Company (AEDC) has given June 3rd as deadline to disconnect customers with outstanding debts. The company is statement signed by Victor Ojelabi, acting managing director and chief executive officer, Abuja Electricity Distribution Company (AEDC) stated: “The Abuja Electricity Distribution Company (AEDC) is notifying all customers with outstanding bills to settle their accounts immediately to avoid service ...
Read More »ConocoPhillips to Receive $1.3 Billion Claims from Venezuela as Court Rules in Trinidad
………by Victor Egbo……. ConocoPhillips is to receive $1.3 billion claims from Venezuela as court rules in Trinidad and Tobago for past expropriations. The ruling allows the US oil company to seize any payments made to Venezuela from joint gas ventures with Trinidad. It may pose challenges to the development of key offshore gas fields, which involve countries and energy companies such ...
Read More »ExxonMobil Scales Down Operating Structures in Nigeria
………Moves to a smaller Office Space……… …….by Victor Egbo…….. ExxonMobil, one of the International Oil Companies in Nigeria has started to reduce its operating structures in preparation for plans to divest the company equities in the onshore businesses. This is because the ExonMobli/Seplat deal is near completion. The Nigerian National Petroleum Company (NNPC) Limited yesterday Thursday, announced the signing of ...
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