NLNG shuts operations over flooding
The Nigeria Liquefied and Natural Gas (NLNG) Company has declared force majeure because of widespread flooding that has disrupted supply, a spokesman for the company, Andy Odeh has said. Force majeure is a common clause in contracts which essentially frees…
Buhari To Confer Excellence in Public Service Award on Wabote
The observed sterling performance by Engr. Simbi Kesiye Wabote as the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) is set to be recognised and celebrated again as he has been nominated for the “Distinguished Capacity Development…
Dangote’s 650,000bpd Refinery 97% Completed, says NMDPRA
…Naira will become stronger once Refinery starts production The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the Dangote Petroleum Refinery, upon which the hope of the nation rests for fuel sufficiency is now 97 per cent…
Forcados Oil Terminal will resume export operations this month—SPDC
The Shell Petroleum Development Company of Nigeria Limited (SPDC) says the Forcados Oil Terminal will resume export operations by the end of the month when ongoing essential repairs would have been completed. “In addition to the repairs, we are working…
Duty of Vigilance: TotalEnergies Regrets NGOs’ Refusal of the Mediation Process
In connection with the hearings scheduled before the Paris Civil court today, TotalEnergies regrets that the NGOs involved in the proceedings have refused to participate in the mediation process proposed by the court and accepted by TotalEnergies. Following this refusal,…
Wabote Hails Sylva’s National Honours, Lauds Him for Transforming the Oil and Gas industry
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) has lauded the Minister of State for Petroleum Resources, Chief Timipre Sylva on the national honour of the Commander of the Order of the Niger (CON) conferred on…
Effective Customer Service priority of Nigerian Content Roadmap-ES
Delivering effective service to stakeholders of the Nigerian oil and gas industry is a key objective under the implementation of the Nigerian Content 10-year strategic roadmap, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote…
NNPC records N674bn PAT for 2021 financial year
The Nigerian National Petroleum Company (NNPC) Limited has declared a profit after tax of N674 billion for the financial year 2021. Group Chief Executive Officer (GCEO) of NNPC Limited, Engr Mele Kyari, who made the announcement via the verified Twitter…
Geregu Power Lists on NGX Main Board
Nigerian Exchange Limited (NGX or The Exchange) has announced the listing by introduction of Geregu Power Plc (“GEREGU”) on the Main Board of The Exchange on Wednesday, 5 October 2022. A total of 2.5 billion ordinary shares of Geregu were…
High Price of Electric Vehicles Deters Over 60% of UK, US Potential Buyers
A new Juniper Research survey has found that 66% of UK respondents and 61% of US respondents are discouraged from adopting electric vehicles due to their high purchase price. It noted that electric vehicles must demonstrate lower running costs compared…
