With the completion of the construction and equipping of the West African Power Pool, (WAPP) Information and Coordination Centre (ICC), the organisation is finalizing arrangements to commence day-ahead electricity trading in the regional market. The day-ahead energy market is a system that allows transactions for buying and selling of electrical power one day prior to the delivery day. Speaking at ...
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Over 40 Percent of HEOSL’s Executive Leadership Team Are Women – Heritage Energy, CEO
Photo : from l-r Mr. Godwin Okoduwa, Falcon Corporation; Revd. Sola Adebawo, GM, Government, JV & External Relations, HEOSL (Representing CEO Ade Oseragbake); Adesomo Anita Edo-Osagie, Deputy General Manager, Corporate Business & Relations First Exploration and Petroleum Development Company; Olu Philips, President NAEC; Akachi Nwokedi, President, Nigerian Gas Association and Austin Avuru, Executive Chairman, AA Holdings. ………..by Victor Egbo……..These are ...
Read More »NNPC Kicks Against Allegations of Underhand Dealings in Award of Pipeline Rehabilitation
….dismisses involvement of cabals in pipeline business… ……by Jenifer Dike…….The Nigeria National Petroleum Company Limited (NNPCL) has denied allegations of underhand dealings in the award of contract for the the nation’s pipeline business NNPCL said it’s attention has been drawn to reports in an isolated section of the media alleging underhand dealings in the award of contracts for the rehabilitation ...
Read More »Nigeria Requires $250 Billion in 10 Years to Attain 4 MB/D Crude Oil Production and 3 BCF/D of Gas
…….by Victor Egbo……..Austin Avuru, Executive Chairman of AA Holdings, has stated that Nigeria will need about $25 billion of annual investment in the next ten years if it is committed to achieving crude oil output of 4 million barrels per day and 3 billion cubic feet per day of domestic gas production. Avuru made this known during a panel session ...
Read More »FG Sets to Procure 1.25 Million Meters with $500 Million World Bank Fund
The federal government is set to distribute 1.25 smart meters to electricity consumers under the Phase 2 of the National Mass Metering Programme (NMMP).The special adviser to President Bola Tinubu on Energy, Olu A. Verheijen, who made this known yesterday, said the procurement process for the phase involving 1.25 million pre-paid meters, is beginning this month.Verheijen reiterated the federal government’s ...
Read More »Divestments of Oil Assets: NCDMB Warns Against Reduction in Compliance, Tax Revenue
Photo: Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, senior personnel of NCDMB’s Zonal Coordination & Communication Division with the Executive of the Guild of Online Corporate Publishers (GOCOP) at the breakfast meeting organised by the Board for members of the Guild on Tuesday in Abuja. The ongoing and planned divestments of onshore assets by ...
Read More »Divestments of Oil Assets: NCDMB Warns Against Reduction in Compliance, Tax Revenue
The ongoing and planned divestments of onshore assets by some international operating oil and gas companies (IOCs) and subsequent acquisition by Nigerian operating companiesmust not be allowed to impact negatively on the level of compliance with the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and remittance of tax revenues to the Federal Government, the Executive Secretary of the ...
Read More »NUPRC Sets to Rein in Oil Theft with Advance Technology on Cargo Declaration
………..by Ben Ndubuwa…….The Nigerian Upstream Regulatory Commission (NUPRC) is now set to rein in oil theft using advance technology on cargo declaration. NUPRIC said that the introduction of Advanced Cargo Declaration regime in upstream petroleum operations is to arrest oil theft and curtail export of stolen crude oil. Mr Gbenga Komolafe, the Commission Chief Executive of NUPRC, said this at ...
Read More »MOMAN Pleads Caution Over Partial Return to Subsidy
……….by Victor Egbo…….Major Oil Marketers Association of Nigeria (MOMAN) has pleaded caution on the part of the federal governmentnot not to return subsidy on petroleum products. This move to partially return subsidy by the government is said to be understandable given the need to curb rising cost of Premium Motor Spirit (PMS) otherwise known as petrol. MOMAN pointed out that ...
Read More »Africa Has Been a Prominent LNG Market – Armenante, SAIPEM
Saipem’s Head of LNG Technology, Sergio Armenante has said that Africa is a prominent Liquefied Natural Gas (LNG) market, noting that the company has a consistent track record of EPC projects executed in various African countries as well as participating in almost all the continent’s LNG project developments over the last 10 years. Speaking in an exclusive interview with The ...
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