NNPC, Chevron tie investments in oil sector to fiscal regime
The Nigerian National Petroleum Corporation (NNPC), and oil major, Chevron Nigeria Limited (CNL), have identified appropriate fiscal regimes and regulatory framework as critical elements that will attract the needed investments into the sector.
Ikeja Electric Plc identifies safety as key to operation
Ikeja Electric Plc (IE) has said it will not undermine global Health, Safety and Environment (HSE) standards in its Nigerian operations.
‘Nigerian firms need transparent template for competency, capacity verification’
Global Process and Pipeline Services came from the background of having been employed by IOCs, multinational service companies, and now as a service provider, I can frankly tell you that IOCs are happy to patronise competent and reliable local....
LADOL evicts Africoat Nigeria from free zone
Lagos Deep Offshore Logistics (LADOL), has terminated the operating licence of Africoat Nigeria Limited from the LADOL free zone in Lagos.
‘Downstream deregulation needed to sustain economy’
To sustain the Nigerian economy and preserve the country’s dwindling foreign reserves, oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), have called for the deregulation of the downstream segment of the petroleum industry.
Sahara Energy supports growth forecasts in South Sudan’s oil, power sectors
Sahara Energy International PTE Limited has urged investors to take advantage of emerging opportunities in South Sudan’s upstream, downstream and power sectors in the wake of positive market forecasts and assurances of enabling business environment from the oil-rich nation. The Chief Executive Officer of the company, Valery Guillebon, said this at the Africa Oil &…
Chevron identifies new exploration activities for nation’s growth
Chevron Nigeria Limited has identified more exploration activities to increase Nigeria’s overall hydrocarbon reserves. The oil major’s General Manager, Asset Development and Exploration, Kunle Adeyemo, told stakeholders during a panel discussion in Lagos. Speaking at the 2018 Nigerian Association of Petroleum Explorationists (NAPE) annual international conference and exhibition, Adeyemo noted that the call for organic…
BPE dispels rumour on BEDC, Discos’ licence renewal
The Director-General, Bureau of Public Enterprises (BPE), Alex Okoh, has declared that contrary to insinuations, there is indeed nothing ongoing in terms of contract or licence renewal for any of the Distribution companies (Discos), including BEDC Electricity Plc. In a statement from BEDC, following a news conference in Benin, Edo State capital, Okoh was quoted…
90 per cent of Nigerian homes lack LPG cylinders, reveals NLPGA
Over 90 per cent of Nigerian homes do not have Liquefied Petroleum Gas (LPG) cylinders, thus exposing them to health hazards characterising...
Company inaugurates $500M LNG plant, seeks government support
In line with the Federal Government’s initiative on gas to power, Greenville, an oil and gas company has inaugurated its first phase of Liquefied Natural Gas (LNG) plant with a daily capacity of 2,250 tons in Rumuji, River State. The plant, which is at a tune of between $450 million and $500 million dollars worth…