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.
Seven banks deliver $260m for Imo ANOH Gas Processing Plant completion
A consortium of seven banks has on Monday, provided $260 million to fund the completion of Assa North-Ohaji South (ANOH) Gas Processing Plant.
Nigeria’s oil output drops 15% to 1.5mb/d
The average Nigeria’s oil output dropped Year-on-Year, YoY, by 15 per cent to 1.5 million barrels per day, mb/d (excluding condensate), in 2020, compared to 1.7mb/d recorded in the corresponding period of 2019, according to data obtained from Organisation of Petroleum Exporting Countries, OPEC.
Bayelsa Methanol Plant: Chinese bank, AfDB, others to raise 70% of project cost
As a major boost to Nigeria’s economy, a fresh indication has emerged that China Exim Bank, African Development Bank (AfDB), international commercial banks amongst other international donors are expected to fund 70 percent of the nation’s Methanol Plant project total cost.
EKEDC staff extort households over prepaid meter form — Investigation
Despite the Federal Government’s intervention targeted at addressing the Electricity Distribution Companies, DisCos shortfalls through the provision of prepaid meters, there are indications that residents under Eko Electricity Distribution Company, EKEDC, networks pay as high as N15,000 to acquire prepaid metre forms from marketing staff.
PIB 2020: Proposed model will trigger tensions, oil communities warn
By Emma Amaize – Asaba Oil communities in Gbaramatu and Egbema Kingdoms, Delta State, have rejected the recommended governance model under the Petroleum Industry Bill, PIB, 2020 for host communities’ development where oil companies would turn into overlords over oil producing communities, warning it would generate unnecessary anxieties in Niger Delta. The communities under the […]
