Former Minister of Petroleum Resources, Dr. Rilwanu Lukman, has pledged continued support for Nigeria’s oil and gas industry for the benefit of the overall economy.Read More
First Hydrocarbon Nigeria, FHN, in which Afren holds a 45 percent interest, said it has entered into Definitive Agreements with a number of International Oil Companies, IOCs.Read More
Anglo-Dutch Shell local unit in Nigeria has said it will continue to invest in oil and gas exploration and production, despite the challenges in the operating environment.Read More
Elswedy Electric Nigeria Limited, a joint venture firm between the Lagos State Government and an Egypt_based power firm said it plans to invest about $120million or N18billion in the nation’s power sector.Read More
Transactions on the Nigerian Stock Exchange (NSE) started the week on a bearish note, as profit-taking activities forced down the value of listed equities, Monday, by N18.04 billion.Read More
RICHARDSON, Texas, USA â€“ The Offshore Technology Conference (OTC) will present its 2010 Distinguished Achievement Awards on 4 May to Hugh Elkins for important advances in subsea drilling technology, and to the Independence Hub for the coordinated solution to accessing ultra-deepwater reserves. The two awards will be presented at the annual OTC Awards Luncheon at
ATAMUNO Ajubo Atamunolowuari, the managing director and founder of Midis Energy Services Limited, a leading service provider in the upstream sector of the Nigerian oil and gas industry has been listed in the 2009 edition of the International Whoâ€™s Who Historical Society of professionals.Midis Energy has also announced that it has plans to reposition for further growth.Read More
Two customers have won the star prize of Diamond bankâ€™s Savings Xtra promotion namely â€œSalary for Lifeâ€. At the first set of winners in the Diamond Bank Savings Xtra Season 2 promotions last week the customers namely Mrs. Grace Ihekerenma of Ikwere Road, Port Harcourt branch of the bank and Olatunde Oketade, a customer of the bank based in Ibadan emerged the winner of the star prize with a value of N 24 million and representing N100,000 every month for 240 months. Also five customers won air conditioners, another five won laptops; five others won generators, another five won LCD TVs and five customers won motorcycles. Ten customers also won N500, 000 each.Read More
INVESTIGATIONS have confirmed that there are no rig operating onshore Nigeria at the moment, while only 20 are operating offshore, underscoring a steep decline compared to same period last year when more rigs were operational.
It was gathered that of the 20 active rigs offshore, one is a jack-up rig operating in swamp, while the rest are operating in safer shallow and deep water
By Yemie Adeoye OANDO Gas & Power,Â Â Â pioneer of natural gas piping and distribution to industrial end- users and a subsidiary of Oando Plc announced that it had received the endorsement of the International Standard Organization (ISO) for its world class operations and service delivery with the award of the prestigious ISO 9001:2000 certification.
By Luka Binniyat AFTER finishing fromÂ Â the College of Medicine Ibadan, in 1999, Dr. Kola Ojo decided to go into mining in the year 2000. He pitched his tenth in the city of Jos, Plateau State and started with a mineral called tantalite, and later progressed to mine gemstones.Â He invested heavily in gemstones, setting
THE Managing Director of Nipco plc, Girish Sanadhya has advanced reasons why the company embarked on massive retailing of petroleum products through its partnering service stations across the country under a novel branding scheme even as he explains.Read More
ByÂ Oscarline Onwuemenyi ABUJA -THE Chief Executive Officer of Total Worldwide, Mr. Christopher De Margerie, has urged the Nigerian authorities to fast-tract the reforms in the petroleum sector, even as he called for caution in its execution.
FOLLOWING the seeming failure of the federal government to improve the lot of its citizenry inspite of its 50 years of oil exploration and production an Agro-based economy has however been identified as a sure way to bring succor to the ordinary Nigerian.Read More
THE dearth of skilled personnel to man vessels operating in the country has cost the nation about $1.5 billion as wages paid to foreign seafarers, mainly Filipinos, operating in the country.Read More