6 Nov 2019
To curb oil theft challenges, there is a need for closer community engagement among critical stakeholders if the nation will effectively realise its revenue targets for the year, operators in the downstream sector have said.
18 Aug 2019
While the Nigerian power sector has remained a notable failure five years after it was privatised, a new deal between Nigeria and Siemens of Germany has raised fresh concerns and criticisms regarding the government’s readiness to address the numerous challenges bedeviling the sector. KINGSLEY JEREMIAH writes on the apparent fault lines in the Memorandum of Understanding.
3 Jul 2019
Stakeholders have again faulted the privatisation of the power sector, noting that regulatory framework in the sector is stifling investments rather than encouraging it.
30 Jan 2019
Nestoil Limited has proffered ways to transform local oil companies in the country into regional powerhouses capable of developing the economies of the West African region to the whole of Africa.
7 Nov 2018
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…
19 Apr 2017
Indigenous companies are beginning to develop capacity to compete with International Oil Companies (IOCs), which have dominated the exploration and production of oil and gas in Nigeria for decades.