Nigeria to see increased production from assets exited by Addax, says Kyari
Innocent ObasiNovember 4, 2022
By Innocent Obasi …as 4 oil mining blocks revert to NNPC Sinopec’s Addax Petroleum Development (Nigeria) Limited is exiting its four major oil mining blocks in the country after it signed a transfer, settlement and exit agreement with the Nigerian National Petroleum Company (NNPC) Limited. The agreement was signed by Umar Ajiya, chief financial officer […]
NNPC, others partner to construct offshore base in Niger Delta
Olivia NnoromOctober 31, 2022
By Olivia Nnorom The Nigerian National Petroleum Company Limited (NNPC) has partnered Akwa Ibom State government and Solutions Hub Limited to establish a fully integrated, deepwater logistics shore base in the Niger Delta state that will offer offshore construction and logistics services to the eastern flank of Nigeria, the West and Central African region. […]
Developer of $600m Geometric Power talks up Aba as project site
Maduabuchi EfegadiOctober 31, 2022
BY MADUABUCHI EFEGADI City’s economic, technological potential great Rues project’s 9-yr rights ownership tussle Project’s expected ROI could be affected Barth Nnaji, the Nigerian professor of manufacturing engineering and robotics in the United States and developer of the $600 million Geometric Power plant in Aba, Abia State, is talking up the city and why his […]
NNPC, Daewoo sign MoU on Kaduna Refinery rehabilitation
Innocent ObasiOctober 28, 2022
By Innocent Obasi The Nigerian National Petroleum Company (NNPC) Ltd has signed a Memorandum of Understanding (MoU) with Daewoo Group, a South Korean conglomerate and automobile manufacturer, for the rehabilitation of the refinery in Kaduna. Both parties signed the agreement on Thursday during the 2022 World Bio Summit in Seoul, South Korea. A statement by Femi […]
All On: How Shell-funded impact investor lights up Nigeria’s off-grid energy markets
Innocent ObasiOctober 22, 2022
By Innocent Obasi Nigeria, Africa’s largest economy, has been unable to provide adequate electricity supply for its over 200 million people as well as businesses operating in the country. With power generation constantly hovering in the region of 4,000 megawatts, epileptic power supply has become the norm and businesses incur huge costs to keep their […]
Nigeria’s first offshore petroleum terminal ready for commissioning
Innocent ObasiOctober 19, 2022
By Innocent Obasi The first offshore subsea petroleum products terminal in Nigeria, constructed by Pinnacle Oil and Gas Limited, is ready and will be commissioned by President Muhammadu Buhari on Saturday, 22 October. Peter Mbah, CEO, Pinnacle Oil and Gas Limited, an indigenous oil and gas company active across the entire downstream value chain, disclosed this on Tuesday […]
Oilserv eager to partner in $25bn Nigeria-Morocco gas pipeline, says CEO
Olivia NnoromOctober 19, 2022
By Olivia Nnorom Oilserv Limited, an indigenous Nigerian Engineering, Procurement and Construction (EPC) company and contractor handling the Ajaokuta-Kaduna-Kano (AKK) pipeline project, has indicated its readiness to participate in the construction of the $25 billion Nigeria-Morocco Gas Pipeline (NMGP) project and other emerging gas pipeline projects. Emeka Okwuosa, chairman and Group CEO of Oilserv, disclosed […]
AEC, Afreximbank sign MoU to boost private-sector investments in Africa’s oil & gas
Onome AmugeOctober 18, 2022
By Onome Amuge The African Energy Chamber (AEC) and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to enhance private sector investments across Africa’s oil and gas industry. The MoU was signed by NJ Ayuk, the executive chairman of the AEC, and Benedict Oramah, president, Afreximbank, during the first […]
Nigeria, Africa’s energy system to create 4m energy-related jobs in 10yrs
Maduabuchi EfegadiOctober 14, 2022
BY MADUABUCHI EFEGADI …but Nigeria must replace 20 GW diesel generation Nigeria and Africa’s energy system offers major opportunities to stimulate the creation of decent jobs that require wide-ranging skills, according to a new IEA report. The system is projected to create 4 million energy-related jobs in the 2021-30 period, largely as […]
Nigeria to see increased oil production as Shell resumes export at 400,000-bpd Forcados Terminal
Innocent ObasiOctober 14, 2022
By Innocent Obasi Nigeria is expected to see an increase in its oil production as Shell Petroleum Development Company Limited (SPDC) hinted in a statement on Wednesday that its 400,000 barrels per day (bpd) Forcados Oil Terminal would resume export operations by the end of this month. This is coming after months of underproduction […]