Oracle Intelligence

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Month: June 2022

Gov. Matawalle signs death law for bandits in Zamfara State

Zamfara State Governor, Alhaji Bello Matawalle, has signed the anti-banditry and other related offences bill into law  to take immediate effect with death penalty for those found guilty of banditry and other related offences in Zamfara State. He said the…

NCDMB to enlist security agencies in Nigerian Content Law enforcement

The Nigerian Content Development and Monitoring Board (NCDMB) seeks the collaboration of the nation’s law enforcement agencies in driving compliance of the Nigerian Content Act in the oil and gas industry. Executive Secretary, NCDMB, Mr Simbi Wabote, who hosted Nigerian…

Marginal fields: 161 firms get licenses for 57 fields

Federal government has finally delivered the long awaited Petroleum Prospecting Licenses (PPLs) to some 161 indigenous companies that qualified from the 2020 marginal bid round. The awards which were distributed by Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday at…

Warri Refinery to host 100 kbd greenfield boost plant

The newly minted Nigerian National Petroleum Company (NNPC) Limited has initiated moves to accelerate its refining capacity recovery with the establishment of a new plant to boost capacity at Warri Refining and Petrochemical Company (WRPC) by 100,000 barrels per day….

Seplat, others to lead in meeting domestic energy demand

Leading Nigerian independent energy company, Seplat Energy Plc, and other in African energy producers are projected to drive business growth with the rising Africa’s energy demand in the decade. Global management consulting firm, Mackinsey & Company, declared at the Seplat…

NNPC taps Daewoo for Refinery Quick–Fix

The quest by the NNPC Limited to revive the nation’s refining capacity through the rehabilitation of the existing refineries has received a boost with the award of the contract for the rehabilitation of the Warri Refinery to Daewoo Nigeria Ltd….

Europe trapped between energy crunch and climate action

Sopuruchi Onwuka The aggressive movement by governments of industrialized western nations to transition energy demand from fossil fuels is running into quagmire as acute oil and gas deficits confront economic targets. And loosening stringent measures already installed to constrict funding…

Indonesia to bar Putin from G-20 summit

President Vladimir Putin of Russia may be turned down by the Indonesian president who is now under international pressure to bar the Russian president from attending global leaders’ summit in November. Indonesian President Joko Widodo whose country hosts the G20…

Savannah Energy activates gas sales to Central Horizon

Sopuruchi Onwuka Africa focused British independent energy company, Savannah Energy PLC, has announced activation of gas delivery to local market factor, Axxela Limited. And the two firms transact through owned subsidiaries. Accugas Limited owned by Savannah commenced gas sales to…

Noble to divest five jackup rigs for $375m

Sopuruchi Onwuka Multinational oilfield service provider, Noble Energy, is working out details of a merger deal that entails divestment of five of its jack up rigs to a new special entity. Noble said it has signed an asset purchase agreement…