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Energy
King Dakoru Confident Local Firms Can Replace Exiting IOCs
The Amanayabo of Nembe Kingdom, Edmund Dakoru has expressed confidence that Nigerian companies can effectively replace International Oil Companies (IOCs) that are exiting the country.
Last year, Royal Dutch Shell announced its plan…
OFID Funds Feasibility Study For Nigeria-Morocco Gas Project With $14.3m
Morocco and the OPEC Fund for International Development (OFID) have signed the legal documentation of $14.3 million on the partial funding of the Front End Engineering Study (FEED) for the second phase of the…
Seplat Energy Profit Grows N48bn, Awaits Approval To Acquire Mobil Producing
Seplat Energy said is awaiting regulatory approval on the acquisition of Mobil Producing Nigeria Unlimited to bring the transaction to closure by the second half of 2022.
Seplat Energy, a leading Nigerian company listed on both…
ExxonMobil May Exit Russia By June 24
As the Russian war in Ukraine continues, the United States Oil major, Exxon Mobil Corp is considering a complete withdrawal from the country by June 24, in line with its earlier decision to exit all operations in the country.…
Reps’ Committee Summons Sylva, Kyari Over State Of Nation’s Refineries
The Ad-hoc committee of the House of Representatives has summoned both the Petroleum Minister, Timipre Sylva and the Group Managing Director of the Nigerian National Petroleum Company (NNPC), Mele Kyari to appear before it on April 28…
Oil Plunges 5% After IMF Cut Global Outlook
Oil prices plunged about 5 per cent in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation.
Brent crude, the global…
New Investor, OENPL Acquires Ogboyega Coal Blocks
After years of non-performance, the asset title of Ogboyega North and South coal blocks has been acquired by Orbit Exploration and Natural Products Limited (OENPL), its new owner with a charge that justifies the government’s high…
NNPC’s AKK Gas Project Targets Q1 2023 For First Delivery
Nigerian National Petroleum Company Limited (NNPC) has said that the Ajaokuta-Kaduna-Kano (AKK) Gas pipeline project will make its first delivery in first quarter of 2023.
The Group Managing Director, NNPC, Mele Kyari said during a tour…
TCN Gets N1.4 billion Equipments Funding To Boost Supply
The Transmission Company of Nigeria (TCN) has secured fresh N1.4 billion for equipment procurement from the Federal Executive Council (FEC) to boost electricity supply across the country.
The TCN seems in dire need of new equipment…
EU, Germany Organise Fair To Identify Talents For Energy Sector
A career fair, Energize to identify skilled workers for the energy sector had ended in Abuja Tuesday.
Over 300 professionals and 25 companies participated in the fair which first leg held in Lagos.
The two legs were witnessed by…