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.
Oil search: ‘River Basins still hold some prospects’
AS scepticisms rise on the possibility of Nigeria finding oil in the nation’s river basins, industry regulator has reassured that there is no giving up, as there is still hope of making commercial finds.
PHCN steps up meter installations
The Management of the Power Holding Company of Nigeria, PHCN, Ikeja Electricity Distribution Company, said it is set to step up the distribution process for prepaid meters within it zone.
Chevron announces production increase
Chevron Corporation has announced that production increases from project ramp-ups in Thailand, the United States and Nigeria were more than offset by normal field declines, the shut-in of the Frade Field in Brazil, maintenance-related downtime and dispositions.
Importance of full deregulation in a post-PIB economy
The most topical issue in Nigeria’s oil and gas industry, ‘arguably the most vibrant in Africa’ right now is the Petroleum Industry Bill,(PIB) and the only reason it would come before full deregulation of the downstream oil sector is simply because it has being programmed to encapsulate the subject matter.
Lead poisoning: Zamfara denies receiving aid from FG
The Zamfara State Government has denied receiving any financial assistance from the Federal government towards the remediation of localities and rehabilitation of thousands of citizens impacted by the lead poisoning disaster that has ravaged mining areas in the state over the past two years.
Bonga oil spill: Presidency approves $5bn fine against Shell
The Federal Government has given approval for the collection of a $5billion worth administrative fine imposed on the Shell Nigeria Exploration and Production Company, SNEPCo, for the December 20, 2011, oil spill from its deepwater facility, Bonga, despite threats by the company to resist it.
No severance pay for TCN staff – Nnaji
Minister of Power, Prof. Bart Nnaji, said at the weekend that workers of the Transmission Company, TCN, should not expect severance pay because the transmission network is not being privatised.
FG to build $4bn coal power plant in Benue
The Federal Government is set to build a coal power plant worth $4billion in Benue State, the Chairman of Pacific Energy, Mr Adedeji Adeleke, has said.
Ogoni oil spill: Jonathan sets up restoration project
President Goodluck Jonathan on Friday, approved the setting up of a Hydro-Carbon Pollution Restoration Project, HYPREP, a step taken in furtherance of the Federal government’s commitment to implement the United Nations Environment Programme, UNEP Assessment Report on the spill disaster in Ogoni land.
NNPC refutes dilapidation of Atlas Cove
The management of the Nigerian National Petroleum Corporation, NNPC, has refuted reports of the growing dilapidation of the Atlas Cove Jetty, the biggest petroleum products storage facility in the country.
