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Nigerian Content Fund exceeds $500m
Sopuruchi Onwuka The Nigerian Content Intervention (NCI) Fund has exceeded half a billion dollars, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said. He spoke recently at the Sub-Saharan African International Petroleum…
Seplat to become major producer with MPN’s assets
ExxonMobil joins deepwater migration Sopuruchi Onwuka Indigenous independent energy firm, Seplat Energy Plc, is on track to finalizing the much awaited acquisition of shallow offshore production assets of Mobil Producing Nigeria (MPN) Unlimited, positioning it to become a major hydrocarbon…
NCDMB, NGC comission NEDOGAS’ 300 MMscfd KGG Facility
Nedogas Development Company Limited (NDCL) has declared completion and commissioning of the Kwale Gas Gathering and Injection facility in Delta State. The project located in Umusam, near Kwale, holds capacity for handling significant 300 million standards cubic feet of gas…
NCDMB, ITF train 100 youths
Sopuruchi Onwuka Hundred Nigerian youths have commenced training in the vocational skills programme sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) and facilitated by the Industrial Training Fund (ITF). The training covers eight skills areas, and they include…
The economic war in energy transition, climate change
Sopuruchi Onwuka The prevailing movement for energy transition and the associated stringent measures to quicken the process hold up a flip side which reflects a silent economic war in which the world’s richest and most industrialized countries fight vehemently to…
Scarcity: NNPC, marketers extend service time at fuel outlets
Pan-industry contingency response activated Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited and marketing groups in the downstream petroleum market have activated contingency measures to speed up distribution of petrol in the country in order to bridge gaps created by…
OANDO Plc denies involvement from bad fuel import
Oando has denied media reports listing the company as one of four importers that supplied methanol-blended Premium Motor Spirits (PMS) into the country. “We hereby state that Oando did not import and supply PMS that was adulterated or substandard,” Company…
Seplat Energy, C4C entrepreneurship initiative graduate 15 Fellows
Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, in partnership with Conversations for Change (C4C) has announced the graduation of 15 Fellows from the duo’s entrepreneurship programme. The 2021 batch…
OPEC, IEA see stronger oil demand, rising prices
Sopuruchi Onwuka Figures and forecasts by the world’s oil market antagonists, the Organization of Petroleum Exporting Countries (OPEC) and International Energy Association (IEA) confirm that galloping demand propels increase in the prices of crude oil and natural gas liquids. Whereas…
NCDMB maps 50m Fund for oil industry manufacturing
Commissions ultra-modern valve assembling plant Sopuruchi Onwuka He disclosed that the NOGAPS Manufacturing fund will soon be launched and will be managed by the Bank of Industry (BoI) to address the identified challenges. The Nigerian Content Development and Monitoring Board…
