Heirs Energies, Renaissance Africa collaborate to drive Nigeria’s oil and gas devt
Heirs Energies Limited and Renaissance Africa Energy Company have expressed mutual commitment to strategic collaboration following a high-level courtesy visit by Osa Igiehon, CEO of Heirs Energies, to Renaissance's leadership team, led by the Managing Director, Tony Attah.
Waltersmith plans $40m 5kbpd refinery … Seeks to acquire new assets
Indigenous marginal field operator, Waltersmith Petroleum Oil Limited, is currently musing setting up a 5,000 barrel per day capacity greenfield refinery, to be located in OhajiEgbema, Imo State.
Total awards Egina FPSO contract to Samsung
Total UpstreamPetroleum Nigeria Limited, in Joint Venturewith the Nigerian National Petroleum Corporation, NNPC, has awarded a $3.1billion Floating Production,Storage and Offloading , FPSO, vessel contract for Eginadeepwater oil field to South Korea’s Samsung Heavy Industries, SHI.
GE committed to filling the huge supply gap in power – Angbazo
The President and CEO of General Electric Nigeria, Lazarus Angbazo, has identified localisation and skills development in the power sector as the key elements to success of the sector.
How we award oil blocks – FG
As the controversies generated over which region controlled more of Nigeria’s oil assets intensify, the Department of Petroleum Resources, DPR, has said that such controversies are baseless considering that oil blocks are awarded based on bids offered for them globally.
Spill judgment: Farmer awaits Shell response
Five weeks after a Dutch court in The Hague, Netherlands, ruled in favour of Mr.Friday Akpan, a farmer, whose 47 fish ponds were polluted by the Shell Petroleum Development Company, SPDC oil spill, he is yet to be paid for the damages.
Enact Oilfield Anti-Indemnity Law in Nigeria (1)
The thought of the devastating and horrible impact of the BP Deep-Water Horizon Oil Spill in the Gulf of Mexico seemed almost unimaginable. Scenarios unfolding more frequently in the Niger Delta region than we’d like to believe asseverates two major questions regarding oil pollution that Nigerians have an obligation to answer.
FG approves $1bn bond for electricity trader
The Federal Government has empowered the Nigerian Bulk Electricity Trader with the sum onebillion Dollars, $1 billion, which has been approved in form of bond, to enable it purchase electricity from the generating companies.
Chevron reaffirms 2017 target on oil, gas output
Chevron Corp. Tuesday reaffirmed that it would meet its target for a large increase in oil and natural gas output in 2017.
Power: FG seeks alternative funding for meters
The Federal Government has decided to look for alternative means to fund the metering gap currently being experienced by electricity consumers in the country.
Govt to restore communities affected by spills
The Federal Government has announced plans to undertake the restoration of vandalized pipeline sites at Arepo, Ogun State, Diamond Estate, Lagos and other communities where oil spills were recorded either due to activities of vandals or oil exploration.
