PIA 2021: NUPRC Boss commits to host community development trust
The Chief Executive of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has averred that the implementation of Host Community Provisions under Section 235 of the Petroleum Industry Act 2021 saddled the commission with the responsibility of ensuring conducive and…
FG silent as S’Africa Strengthens Solar Tax Incentives
Whereas the Federal Government is yet to understand the value in encouraging installation of solar powers by private individuals, South Africa’s Minister of Finance Enoch Godongwana has introduced two new tax measures to simplify and accelerate consumer adoption of solar…
Shell acquires Nature Energy Biogas A/S
Global giant in oil and gas, Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has completed the acquisition of 100 per cent of the shares of Nature Energy Biogas A/S. By purchasing the shares in Nature Energy, Shell…
Totalenergies, Sasol, Air Liquide seal Renewable Power Purchase Deal in S’Africa
TotalEnergies has signed Corporate Power Purchase Agreements (CPPA) with Sasol South Africa and Air Liquide Large Industries South Africa for the supply of 260 MW capacity of renewable electricity over 20 years. TotalEnergies will develop a 120 MW solar plant…
NCDMB commits to learning of Science, Technology via competition
The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to the promotion of education in the sciences and technology as part of corporate strategy to develop the capacities of Nigerians for value-adding activities in the petroleum sector…
Bullish trends by Geregu drive NGX Benchmark Higher on Wednesday
Yesterday, Wednesday, sentiments in the local bourse turned bullish as buying interest in GEREGU (+10.0%) drove the benchmark index higher. Thus, the All-Share Index notched a 0.2% increase to close at 54,315.53 points. Accordingly, the Month-to-Date and Year-to-Date returns printed…
Tingo Foods Plc, Evtec Energy to Build Solar Energy Plant in Delta State
MICT, Inc. (NASDAQ: MICT) (“MICT” or the “Company”) has announced that its wholly owned subsidiary, Tingo Foods Plc (“Tingo Foods”), has entered into a partnership with Evtec Energy Plc (“Evtec Energy”), who have committed to build a $150 million net…
Nigeria oil production hits 1.6mbd, says NNPCL, but…
Whereas the Nigerian National Petroleum Company (NNPC) Limited, has claimed Nigeria’s oil production had increased to 1.6 million barrels per day, the company failed to link it to drop in oil thieves. Oil thieves had been a serious issue which…
Osinbajo reviews Oil Theft Crisis, Tasks industry chiefs
The Vice President, Prof. Yemi Osinbajo, on Tuesday, tasked stakeholders in the oil and gas industry to come out with recommendations and solutions that would address oil theft and boost production in the country. Osinbajo indicated this in Abuja while…
Buhari to perform groundbreaking ceremony of OMRC Oloibiri Feb 21
All is set for the groundbreaking ceremony to mark the resumption of construction activities at the Oloibiri Museums & Research Centre (OMRC) for petroleum activities in Bayelsa State on Tuesday, February 21, 2023. President Muhammadu Buhari is expected to pull…
