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.
New pipeline attack shows Nigeria unrest spreads
Thick plumes of smoke rose into the sky and fire danced across the fuel-slicked waters surrounding the Nigerian pipeline, another attacked and vandalized so thieves could steal the gasoline inside.
WAPCo may record $2.4bn loss to unrepaired pipeline
The West African Gas Pipeline Company (WAPCo) may record a gross loss of $2.4 billion (N384 billion) within four months if the vandalised sub-regional pipeline remains unrepaired by the end of this month.
NCDMB cautions Chevron on discrimination against local firms
THE Nigerian Content Development and Monitoring Board (NCDMB) has cautioned Chevron Nigeria Limited, one of the International Oil Companies (IOCs) operating in Nigeria against discriminating against Nigerian firms, saying that such “discrimination is a violation of Section 3(2) of the NCDMB Act”
PPMC to boost products reserves by 80m litres
Pipelines and Products Marketing Company, PPMC, is set to increase Nigeria’s petroleum products reserves by 80 million litres, with the construction of four new storage tanks and the rehabilitation of three existing tanks at its Mosimi Depot in Ogun state.
Chinese firm to set up $7.5bn refinery in C-River
A Chinese firm, Sino Arab Energy, SAE, in partnership with a local firm, Osabo Refining and Petrochemical Industry Limited, have concluded plans to build a refinery in Akabuyo, Local Government Area of Cross River State.
