Lack of electricity discouraging local, foreign investments flow — Alakija
Top flight billionaire indigenous entrepreneur and founder, Folorunso Alakija Skills Acquisition Center (FASAC), Folorunsho Alakija has opened up saying the rhetoric defence of the current administration on why there has been no steady power is no more acceptable. She argued…
Indigenous player, Petrocam dreams 50 fuel stations by end of 2024
New entrant to the nation’s downstream petroleum marketing space, Petrocam Trading Nigeria Limited, has drawn a long-term expansion plan that will see it jumping number of fuel stations across the country to 50 outlets by 2024. Giving the cheerful details…
Opportunity for youths as AEC open entries for 2020 Fellowship Program
In order to provide young energy professionals with the tools and experience to become future leaders across the industry, the African Energy Chamber (AEC) is launching its first Fellowship Program in 2020. AEC is like a chartered institute of energy…
‘Tying access of N600bn power fund to new 0.75% admin charge on gas Greek gift’
Body of power generation companies (Gencos) under the auspices of Association of Power Generation Companies (APGC), has rejected the sudden introduction of 0.75 percent ‘unregulated’ administrative charge for gas supply transactions being introduced by the Nigerian Bulk Electricity Trading Plc…
Power Nigeria 2019 begins today in Lagos
From today, September 24 to 26, all roads for global energy experts will lead to the Landmark Centre – Water Corporation Road, Eti-Osa, Lagos, Nigeria for the yearly Power Nigeria summit. Whereas online registration is now closed, the organizers say…
NNPC, CPDC $875.75m financing deal to deliver financing edge
The Nigerian National Petroleum Corporation (NNPC) has explained the key reason behind the latest $875.75 million funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development Company (NPDC) operated Oil Mining Lease (OML) 65. The Corporation…
Official silence on PIB hanging fate of 3mbpd, deep pocket oil & gas investors
Revelations from the recently organized one-day workshop by the Nigerian Association of Petroleum Explorationists (NAPE) for oil and gas media professionals in Lagos have shown that drawbacks in the passage of the Petroleum Industry Bill (PIB) are fueling discouragements in…
SPDC steps up use of AI, deploys HD aerial cameras to man Spills, crude theft
Deployment Artificial Intelligence (AI) in the nation’s petroleum sector is gaining traction as Shell Petroleum Development Company of Nigeria Limited (SPDC), has deployed state-of-the-art high definition cameras for quick detection of and response to crude oil spills from its facilities….
Just in: Chevron considers climate change risks, opportunities in decisions—Ewing
Chairman/Managing Director, Chevron Nigeria Limited (CNL), Jeff Ewing has revealed that it is part of corporate policy to always proactively consider climate change risks and opportunities in taking business decisions. He added that the oil giant works constructively with government…
Exploration resumes as NNPC, SPDC, Belema settle Oil Mining Lease 25 dispute
Finally, peace has returned between the Nigerian National Petroleum Corporation (NNPC), joint venture partners, Shell Production Development Company (SPDC), and Belema Oil following the resolution of the dispute on the operation of Oil Mining Lease 25. Signing the dispute closure…