Category: Energy

NLNG’s Train 7: NCDMB Lauds Nigerian Content, Seeks Greater Collaboration
September 7, 2024 No Responses

NLNG’s Train 7: NCDMB Lauds Nigerian Content, Seeks Greater Collaboration

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has commended the significant Nigerian Content strides achieved in the Nigeria LNG Limited (NLNG) Train 7 Project.  Speaking on Friday during a visit to the NLNG...
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Atiku Lauds Dangote On Petrol Production
September 6, 2024 No Responses

Atiku Lauds Dangote On Petrol Production

Former Vice President Atiku Abubakar has commended Dangote Refinery on the historic and landmark commencement of production of Premium Motor Spirit or petrol. Atiku in a statement on Thursday particularly hailed the Chairman of Dangote Group, Alhaji Aliko Dang...
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TUC: Petrol Price Hike Will Worsen Workers’ Poverty
September 5, 2024 No Responses

TUC: Petrol Price Hike Will Worsen Workers’ Poverty

The increase in the pump price of petroleum would worsen poverty among workers, the Trade Union Congress of Nigeria (TUC) has said. In a statement on Wednesday, TUC President, Comrade Festus Osifo called on the Federal Government to “immediately rescind...
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NLC Faults Petrol Price Hike
September 4, 2024 No Responses

NLC Faults Petrol Price Hike

The Nigeria Labour Congress (NLC) on Tuesday demanded an immediate reversal of the hike in fuel price announced by the Nigerian National Petroleum Company Limited (NNPCL).  The NNPCL increased the pump price of petrol from ₦568 to ₦855, ₦897 (depend...
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NNPCL Admits Owing Petrol Suppliers
September 2, 2024 No Responses

NNPCL Admits Owing Petrol Suppliers

The Nigerian National Petroleum Company Limited (NNPCL) admitted at the weekend its “significant debt to petrol suppliers,” saying it poses a threat to the sustainability of fuel supply.  In a statement on Sunday, NNPCL spokesman Olufemi Soneye said “Th...
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Shell To Cut Hundreds Of Jobs
August 31, 2024 No Responses

Shell To Cut Hundreds Of Jobs

British energy giant Shell plans to cut hundreds of jobs from its oil and gas exploration division as part of a cost-cutting program announced last year, a person familiar with the matter said Friday. The cuts will affect two units...
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At IIaje Community, NNPC Unveils Vision First Programme
August 28, 2024 No Responses

At IIaje Community, NNPC Unveils Vision First Programme

The NNPC Ltd has flagged off the third edition of the Vision First Programme, as part of comprehensive community-focused healthcare outreach targeted at the Ilaje community and its environs in Bariga, Lagos State.A statement issued byOlufemi O. Soneye,Chief Co...
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NCDMB Retains Top Ranking As PEBEC Evaluates Efficiency, Transparency Of MDAs
August 28, 2024 No Responses

NCDMB Retains Top Ranking As PEBEC Evaluates Efficiency, Transparency Of MDAs

The Nigerian Content Development and Monitoring Board (NCDMB) has retained its top ranking in business efficiency and transparency among ministries, departments and agencies (MDAs), as captured in the latest evaluative assessment by the Presidential Enabling B...
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LNG: NNPC Expands Global Market Footprint To Japan, China
August 26, 2024 No Responses

LNG: NNPC Expands Global Market Footprint To Japan, China

In line with its strategic vision to be a dynamic and reliable global energy supplier of choice, the Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered...
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Oando Completes $783m Acquisition Of Agip Oil Company
August 23, 2024 No Responses

Oando Completes $783m Acquisition Of Agip Oil Company

Oando Plc has completed the acquisition of Eni’s subsidiary, Nigerian Agip Oil Company (NAOC), for $783m. The company announced this on Thursday in a statement by its Chief Compliance Officer and Company Secretary, Ayotola Jagun. The deal sees Oando, which.....
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At Windhoek Conference, NCDMB Lists Gains Of NOGICD Act
August 22, 2024 No Responses

At Windhoek Conference, NCDMB Lists Gains Of NOGICD Act

The Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 and its astonishing success in resetting oil and gas industry spending and in-country capacity development was the fulcrum of a presentation by the Executive Secretary of the Nigerian Con...
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NNPC Declares N3.3tri Net Profit, N2.1tri Dividend
August 19, 2024 No Responses

NNPC Declares N3.3tri Net Profit, N2.1tri Dividend

The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when compared to the...
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TotalEnergies Starts Production From Anchor Field
August 18, 2024 No Responses

TotalEnergies Starts Production From Anchor Field

TotalEnergies has announced the start of production from the Anchor field, located in the US Gulf of Mexico, in which the Company has a 37.14% interest alongside operator Chevron (62.86%). Located 225 kilometers off the Louisiana coast, Anchor, which developme...
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NCDMB, NLNG Commission Galvanizing Plant For Train 7 Project
August 17, 2024 No Responses

NCDMB, NLNG Commission Galvanizing Plant For Train 7 Project

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday commissioned the 10,000 Tons per annum galvanizing plant constructed by Daewoo Engineering Nigeria Limited, one of the engineering, procurem...
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