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Forced marriages: FG brokers partnerships among 57 oil field licensees
Sopuruchi Onwuka Federal government has declared successful resolution fears raised by the awardees of marginal oilfield licenses in working out partnership arrangements that would lead to formation of organizational structures for operating the assets. Chief Executive of the Nigerian Upstream…
Larger FPSO underway for Aje Field
Sopuruchi Onwuka Partners in the offshore Aje field are working to deploy a bigger permanent production vessel to drive production enhancement in the oilfield after overcoming initial funding setbacks and production downturns. Expectations for a new floating production vessel mean…
Chevron to sell headquarters, relocate from San Ramon to Texas
Sopuruchi Onwuka America energy multinational, Chevron, has declared intention to relocate from its registered head office in East Bay area of San Ramon to another location in Houston, Texas. Reason is that Chevron Corporation plans to sell the Bay Area…
US Gulf crude oil export to hit 4.8 mbd in 18 months
Sopuruchi Onwuka The stormy market turbulence caused by the Russian invasion of Ukraine and the scramble by producers to take greater supply roles will see the United States ramp up exports from its southern ports by significant 1.5 million barrels…
Eroton searching containment solution to wild well oilspill
Indigenous independent oil producer, Eroton, has declared that it needs help in containing a wild well that has been spilling crude oil onto the wetlands of its operational site Niger Delta where vandals are suspected to have broken the wellhead….
Mercedes-Benz EV records 747 miles without recharging
Mercedes-Benz’s ultra-long-range electric car traveled 747 miles without stopping to charge, beating its previous record, the company said weekend. The sleek Vision EQXX, drove from Stuttgart, Germany, to Silverstone in the UK. Earlier this year, Mercedes took the concept car…
MTN commends Pantami on Nigeria’s 5G roadmap
Multinational telecommunications services provider, MTN, is happy about the plans by the Ministry of Communications to roll out 5G technology for the Nigerian market. Chairman, Mr. Mcebisi Jonas, and Chief Executive Officer, Mr. Ralph Mupita, who were at the Commonwealth…
Kyari, Abiodun laud Ogbechie on Rainoil’s milestones
The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari and the Governor of Ogun State, Prince Dapo Abiodun has commended the founder and Group Managing Director of Rainoil Limited, Dr. Gabriel Ogbechie and the…
Savannah’s Accugas boosts supply to Sahara’s power plants
Savannah Energy PLC has announced commencement of gas sales to Trans Amadi power plant operated by First Independent Power limited in Port-Harcourt, Rivers State. Savannah’s local business unit, Accugas Limited, will under a new deal increase gas supply to FIPL…
NERC to challenge Discos with embedded generation
Sopuruchi Onwuka Electricity Distribution companies in the country will soon be required by the industry regulator to boost supply hours with electricity generated internally within their network concessions. The Oracle Today reports that the requirement which is currently being articulated…
