Seplat saw its Q1 revenue rose 16.8% to $152.4m with increased operational efficiency and cost reduction strategy

April 30, 2021

Oil firm reported $28 million in Q1 PBT; declares $2.5 cent dividend   Charles Abuede   With the 2021 expected production guidance between the average of 48,000 to 55,000 barrels of oil equivalent per day (boepd), Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company, in its unaudited results for the three months ended […]

NNPC collaborates with Usmanu Danfodiyo University to develop energy conversion, storage system

Goddey OdinMarch 6, 2021

…Project’s details not known yet …Energy experts seek more credible gown-town partnership   Ben Eguzozie, in Port Harcourt   The Nigerian National Petroleum Corporation (NNPC) is to collaborate with the Usmanu Danfodiyo University (UDU), Sokoto, to develop an energy inter-conversion and storage system which would serve as catalyst for Nigeria’s economic development and transformation.   […]

NLNG’s $7bn Train 7 faces headwinds over alleged non-compliance with Bonny Kingdom, core host’s local content

Goddey OdinMarch 5, 2021

…BKLCCC accuses gas company of neglect of its contractors …But NLNG says it considers core host as trusted partner   Ben Eguzozie, in Port Harcourt   Nigeria’s foremost gas liquefaction company’s (NLNG) incoming $7 billion Train 7, which is the country’s boldest effort in gas business in nearly a decade, faces headwinds over alleged non-compliance […]

Optimism grows on oil demand returning 100mbd

September 29, 2020

The whiff of optimism being expressed in respectable quarters about chances that oil demand could yet return to the psychological comfortable figure of 100 million barrels per day received another heavyweight support last week with ConocoPhillips joining the fray to issue a forward-looking statement that demand will not only return to that number but that […]

Ewelukwa takes over as NBET acting MD

December 26, 2019

Mr. Nnaemeka Ewelukwa has taken over as the acting Managing Director/CEO of the Nigerian Bulk Electricity Trading Plc (NBET). He took over from Dr. Marilyn Amobi, who left the post on a ministerial order Tuesday. The Minister of Power, Engr. Sale Mamman, had asked Amobi to step down immediately over complaints raised by staff and […]

We may have to worry about peak oil demand soon

November 4, 2019

We may have to worry about peak oil demand soon

By Mudashir Tunde   A peak oil demand might continue to result in its rise in value for the next ten years if the world leaders implement low-carbon policies more strictly according to the Head of the Oil Industry & Markets Division at the International Energy Agency (IEA), Neil Atkinson. Speaking to  CNBC today, Neil said, “If the world does […]

NGO offers free business training to boost economic activities in Jos

October 28, 2019

By Hope Ikwe, Jos A non- governmental organization known as New Identity, in a bid to empower investors with necessary skills, boost economic activities and reduce poverty, has decided to offer  free business seminars in Jos. Funmi Adefeko, founder of New Identity, a Havard Business School trainee who has worked with the Coca-Cola company for […]