The Nigerian Association of Petroleum Explorationists (NAPE) says current legislations governing operations in the country’s oil and gas industry do not encourage investments in deep offshore projects.
EKEDC optimistic about government’s N100bn power sector support fund
Eko Electricity Distribution Company Plc says the planned N100bn government support for the power sector will go a long way in bettering the fortunes of DisCos, if released.
NNPC eyes over 14% control of downstream retail market
The Nigerian National Petroleum Corporation says it is set to go beyond the 14 per cent local market share it currently holds in the country’s downstream retail business.
‘Nigeria is second largest off-grid market globally’
The off-grid sector of the Nigerian power industry has been described as the second largest global market after India.
‘Nigeria’s power sector still has many obstacles to overcome’
Ade Yesufu is the Commercial Director, Future Energy Nigeria. In this interview, he speaks on Nigeria’s power sector, the challenges bedeviling it and its attractiveness to investors.
‘Fixing bottlenecks critical to oil, gas infrastructure in Nigeria’
Despite the renewed efforts by the Federal Government to address the infrastructure gap in the oil and gas sector, particularly pipeline...
Kachikwu: Giant strides in Nigeria’s oil and gas industry
If anyone ever needed any kind of convincing about the exceptional managerial qualities of Dr. Emmanuel Ibe Kachikwu, Nigeria’s Minister of State for Petroleum, the events of the past few weeks provide eloquent testimonies. Dr. Kachikwu, however, does not need validation. His sterling records, in private as well as in public offices, speak for themselves.…
‘Value creation, addition to economy remain DPR’s mandate’
The Department of Petroleum Resources, (DPR), has said its commitment to optimising value creation and addition to the Nigerian economy is unwavering. The agency said it would continue to stimulate industry competitiveness and investments influx through analysis and valuation of producing and non producing oil assets for viability and net worth purposes. This comes after…
Schneider Electric gets certification on Nigerian facility
Schneider Electric in Nigeria has been awarded the Nigerian Content Equipment Certificate on its assembly facility owing to its commitment to the country’s local content policy. The certification, which was awarded by the Nigerian Content Development and Monitoring Board, attests to the fact that the firm owns the assembly facility which it uses for integrating…
Nestoil Group records over 98% Nigerian workforce
In line with the country’s local content agenda, over 98 per cent of Nestoil Group’s workforce, manning its operations nationwide, are Nigerians. This covers the Group’s engineers, fabricators, welders, architects and administrative staff members, among others. The Managing Director, IMPac Oil & Gas Engineering Limited, a subsidiary of the Group, Chuka Eze, disclosed this during…
Stakeholders decry fiscal malpractices in oil sector
Stakeholders in the country’s oil and gas sector have accused oil companies of deliberately hiding information about the various deals they undertake, with the intention to dodge relevant tax payments. They alleged that some oil firms go abroad to sign deals on oil assets domiciled in Nigeria, and thus deny Nigeria the full details of…