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HEOSL reiterates commitment to nigerian content development
Heritage Energy Operational Services Limited (HEOSL), operator of the OML 30 Joint Venture between NNPC Exploration and Production Limited and Shoreline Natural Resources Limited Joint Venture (NEPL/SNRL JV) has reiterated its commitment to the development of Nigerian Content. Chief Executive…
FG urged to review operating terms with IOCs
Sopuruchi Onwuka Nigeria must restructure its petroleum asset lease administration and investment partnership patterns in the face of the prevailing push for energy transition or risk holding large stranded reserves by 2050 when significant demand shift from fossil energy is…
Refining capacity might outstrip crude production, Wabote warns
Sopuruchi Onwuka With capacity regeneration in the midstream petroleum industry in the country, the falling crude oil production capacity might turn Nigeria into a net importer of crude oil if concerted efforts are not speedily coordinated to boost petroleum liquids…
NLNG plants on maintenance not shut down
Sopuruchi Onwuka The Nigeria Liquefied Natural Gas (NLNG) Limited has declared that whereas its processing plants undergo routine maintenance for sustainable operations, it does not entail a total shutdown. The company was responding to a media report report on 12th…
TotalEnergies pledges 9.4 MW of renewable energy by 2025
Sopuruchi Onwuka French multinational energy major, TotalEnergies, has pledged to assist in meeting Nigeria’s electricity demand by adding significant 9.4 megawatts of supply through renewable sources. The company which has developed more oilfields in the past decade than any operating…
How to deepen rural LPG penetration in Nigeria- NIPCO Boss
The Managing Director of NIPCO Plc, Suresh Kumar, has advocated the need to deepen the use of Liquefied Petroleum Gas through improved penetration into rural areas in Nigeria. Liquefied Petroleum Gas consumption in Nigeria, is still low, and at variance…
NNPC settles Total’s labour crisis, restores 275,000 b/d output
Following a peace deal brokered on Sunday by the Nigerian National Petroleum Company Limited, NNPCL, between the Management of Total Energies, operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Nigeria Union of…
Singapore $73 bn to protect every ‘inch of land’ from water
Sopuruchi Onwuka, with agency report One of Asia’s industrial economies, Singapore, is working to save every inch of its land territories from rising sea level amidst rising concerns about climate change and extreme weather which are blamed for flooding of…
FG flaunts free zones to foreign investors
Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has stated that foreign investors seeking space in the country would enjoy the fiscal incentives built into the numerous free trade zones around the country. The minister, according to a Bloomberg report…
Rystad projects 13 GW from African geothermal projects
Sopuruchi Onwuka, with agency reports With significant $35 billion investment outlook by 2050, Africa’s geothermal power projects could deliver some 13 gigawatts of electricity, making the continent the third largest geothermal power generator by 2030. According to Rystad Energy, geothermal…
