$2.8bn: How Chevron ended 2022 securing heavy funding access for operations
To start with, Chevron Nigeria Limited (CNL) is one of the largest oil producers in Nigeria and one of its largest investors. It operates under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for the onshore and offshore…
A short look at Chevron’s stake on Nigeria’s Gas Sector
Chevron Nigeria Limited (CNL), a leading joint venture operator with the Federal Government via the NNPC, is involved in natural gas projects in the Western Niger Delta and Escravos areas, including the Escravos Gas Plant (EGP), the Escravos Gas-to-Liquids (EGTL)…
Brief 2023 Energy Industry Projections for Nigeria
As 2022, declared by President Muhammadu Buhari as Nigeria Year of Gas fades away without any meaningful stride in gas industry, in their projections for the future, Nigerian energy experts believe that the Petroleum Industry Act (PIA) has created opportunities…
How political will killed Nigeria, China $23bn deal for three refineries in 2010
Earlier in May 2010, the Nigeria National Petroleum Corp (NNPC) and China State Construction Engineering Corporation (CSCEC) signed a $23bn (£16bn; 18bn euros) deal to build three refineries. The two will jointly seek financing and credits from Chinese authorities and…
NCDMB Commissions Hydroserve Facilities, hails Corporate Growth
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote recently performed the commissioning of Hydroserve Oil Services Limited’s workshop and operational base in Rivers State, with high praise for the company’s growth trajectory…
How deregulation confusion is using LPG, Kerosene to kill Nigerians
The inability of the Federal Government to take a definite business decision in oil and gas even in the so called presence of Petroleum Industry Act (PIA) has continued to create havoc for the domestic economy. According to the passed…
NCDMB: Laser Engineering Establishes Laboratories For Testing, Quality Control
As part of efforts by the Nigerian Content Development and Monitoring Board, (NCDMB) to increase indigenous capacities, capabilities and competencies in the oil and gas industry, the Executive Secretary, Engr. Simbo Kesiye Wabote recently commissioned a block of Quality Control…
Zungeru Hydroelectric Power Plant getting ready, but…
Sino Hydroelectric Power Project completes the installation of the final turbine of the 700 Megawatts Zungeru Hydroelectric Power Plant in Niger State. The ₦540 billion plant has four turbines with each contributing 175 Megawatts. With this development, Niger State now…
Shell Agrees To Pay €15m Compensation To farmers for oil leaks
Dutch oil conglomerate, Shell has accepted to pay €15 million compensation to three Nigerian farmers and their villages in Niger Delta. The farmers with the help of the Friends of the Earth, Netherlands, and two Nigerian lawyers, Chima Williams and…
Seplat Energy, C4C youth empowerment Scheme lifts 22 entrepreneurs
Leading Nigerian energy company and local content driver, Seplat Energy Plc in partnership with Conversations for Change (C4C) has empowered a total of 22 entrepreneurs from the duo’s Youth Entrepreneurship Programme. The event had the entrepreneurs unveil their business plans…
