NNPC chief maintains Nigeria’s local refineries to begin operations in 2023
Onome Amuge
October 7, 2020
Onome Amuge Nigeria’s state-owned oil refineries, which have for years been comatose, will bounce back to life and start production in 2023, the last year of the current government headed by President Muhammadu Buhari, who came to power in 2015 promising he will put a stop to importation of petroleum products by Africa’s leading oil […]
NNPC Kyari sees boost to economy on revival of textile corridor through AKK project
Businessam StaffOctober 7, 2020
Offers robust defence on insurance contract, forgotten China crude oil, sack of refinery staff The Nigerian National Petroleum Corporation (NNPC) is now more open and transparent than it has ever been, says Mele Kyari, group managing director, in robust defence of the corporation against different allegations that have been thrown the way of the state-owned […]
Total E&P Nigeria appoints Bandele deputy managing director
Onome AmugeOctober 5, 2020
Onome Amuge Victor Bandele has been appointed deputy managing director, Deepwater district of Total E&P Nigeria Limited (TEPNG), an affiliate of Total SE, a French multinational integrated oil and gas company. He succeeds Ahmadu-Kida Musa who retired from the company after a 35-year career service. Prior to the approval of his current position, Bandele was […]
India bets on gasoline sulphur content reduction for its energy industry
BEN EGUZOZIEOctober 5, 2020
Ben Eguzozie, with wire report All vehicles sulphur emissions to run 10ppmwt South Asian country joins Euro-VI fuel specifications Move provides lesson to Nigeria with incoming PIB Axens is BUA’s partner for its Euro-VI-compliant RPA in Akwa Ibom India, South Asian economic giant and the world’s most populous democracy, has taken a leap into the […]
GE, Niger Delta Power Holding restore 360MW power in Nigeria
BEN EGUZOZIEOctober 5, 2020
Ben Eguzozie in Port Harcourt General Electric (GE), the American global conglomerate has announced the successful rehabilitation of three 9E.03 gas turbines at three Niger Delta Power Holding Company’s (NDPHC) power plants in Calabar, Cross River State and Sapele, Delta State. The power plants have a capacity of 360 megawatts (MW) of electricity. GE said […]
PHED cuts off power to Cross River Water Board over N177.7m unpaid power bill
BEN EGUZOZIEOctober 1, 2020
Spat with state agency deepens Ben Eguzozie, in Port Harcourt Inter-corporate relationship of client-service provider between the state government-owned water company, Cross River Water Board Limited (CRSWBL), and Port Harcourt Electricity Distribution Plc (PHED) has gone deeply awry, with the power distribution company cutting off electricity supply to the state water company following its […]
Oil firms saving costs through asset digitisation, optimisation, post-Covid-19
Aderemi OjekunleOctober 1, 2020
Chevron, Schlumberger already teaming with Microsoft to deploy tech-based processes Microsoft’s multi-cloud initiative to herald negative carbon emissions by 2030 By 2050 tech company to remove all emissions it produced since 1975 Ben Eguzozie, with wire report Digitalization and optimization of oilfield assets have emerged as the principal cost-cutting mechanisms as oil and gas companies […]
ExxonMobil to keep focus on hydrocarbon for better returns
Onome AmugeOctober 1, 2020
Won’t follow competitors’ shift to renewable Onome Amuge ExxonMobil, one of the world’s biggest oil and gas producers said it will keep its focus fixed on growing its core oil and gas business as alternative renewable energies are mostly unable to offer attractive rates of return compared to hydrocarbons. Carla Lacerda, a top executive of […]
Optimism grows on oil demand returning 100mbd
Businessam StaffSeptember 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 […]
NNPC tasks indigenous oil players to raise capacity for global competiveness
BEN EGUZOZIESeptember 25, 2020
Ben Eguzozie Nigeria attained 28% local content in 2017; set for 70% by 2027 Move to aid production cost reduction drive CSOs say FG must commit to full oil industry deregulation Nigerian National Petroleum Corporation (NNPC), the state-owned oil company, is challenging indigenous companies operating in the country’s oil and gas sector to upscale their […]