Shell loses N17bn oil spill judgment, as Supreme Court dismisses company’s case

Ben EguzozieNovember 28, 2020

  describes oil company’s application as “unmeritorious” judgment sum with interest now stands at N182bn – says counsel to community justice coming for Ejama Ebubu after half-a-century wait     Shell Petroleum Development Company (SPDC), which has the largest footprint in Nigeria’s oil industry, would now have to write a cheque of N17 billion payable […]

NNPC says resolved to grow Nigeria’s hydrocarbon reserves to 40bn barrels

Ben EguzozieNovember 26, 2020

But AOW says gas should be playing vital role in solving country’s energy problem   Nigerian National Petroleum Corporation (NNPC), the state-owned oil company whose operations and business has long been shrouded in mystery and opacity, said it is resolved to grow the nation’s hydrocarbon reserves to 40 billion barrels through reinvigorated exploratory activities in […]

Nigeria’s PIB: Counting chickens before eggs hatch

November 26, 2020

By Tobias Pius   Crude oil controls Nigeria’s economy and accounts for around 90 percent of its export earnings. The nation has the largest oil and gas reserves in sub-Saharan Africa, owning an estimated 37 billion barrels of oil and 188 trillion cubic feet of gas. But for decades, the country’s oil and gas industry […]

CHRB ranks Eni tops in corporate human rights approach

Ben EguzozieNovember 26, 2020

  Company owns 10.4% stake in Nigeria LNG Train 7 As militants hit Shell-Agip facility in Ikarama, Yenagoa       Milan headquartered Italian global oil giant, Eni has been ranked first, tied with another company, among 199 companies assessed by the Corporate Human Rights Benchmark (CHRB), which the company says is “a confirmation of […]

Imo based Waltersmith’s 5,000-bpd refinery set to provide 500,000 oil downstream jobs

Ben EguzozieNovember 25, 2020

  Buhari orders NNPC, DPR to supply crude, condensate to modular refinery Breaks ground for plant’s 45,000bpd phases 2&3 With Shell’s 600mscf ANOH gas plant, Imo fast acquiring oil/gas hub status But state’s infrastructure worse-off, unemployment widening     Imo State-based 5,000 barrels per day (bpd) Waltersmith modular refinery looks set to provide 500,000 oil […]

Uganda tops Africa’s ERI ranking for best electricity regulatory frameworks

Ben EguzozieNovember 19, 2020

ERI ranking provides big lesson for Nigeria’s NERC‭, ‬as nation’s power sector gasps Uganda, East African country with a gross domestic product (GDP) size of $118.69 billion, according to statista.com, has for the third time in a row emerged as the top performer in this year’s electricity regulatory index (ERI) report published by the African […]

Dangote Refinery to employ over 250,000 Nigerians

November 19, 2020

Dangote Refinery and Petrochemicals, an industry established by Aliko Dangote, president of Dangote Group, is targeting employing over 250,000 Nigerians when it commences operations next year. Devakumar Edwin, executive director, Strategy and Capital Projects, Dangote Industries Limited, made the disclosure during an inspection of the site in Lekki, Lagos State. According to him, Dangote Industries […]

NNPC assures of product availability amid senior oil workers’ strike

Ben EguzozieNovember 11, 2020

  Has 2.9 billion litres of PMS for Yuletide Industry expert says NNPC should call for dialogue     State-owned oil company,Nigerian National Petroleum Corporation (NNPC), has assured there would be adequate supplies of petroleum products during this period, despite the on-going industrial action embarked upon by members of the Petroleum and Natural Gas Senior […]