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FG hails NCDMB, Xernegi on KGG benefits
The Honorable Minister of State for Petroleum Resources (Gas), Rt. Hon. EkperikpeEkpo, has commended the Nigerian Content Development and Monitoring Board (NCDMB) and Nedogas Development Company Limited for initiating and successfully executing the 300 million standard cubic feet (MMscf) Kwale…
Oando hauls in $550 m for NNPC’s Project Gazelle
Sopuruchi Onwuka Strong financial performance of Oando Plc in 2023 has not only reactivated investors’ interest in the company’s shares but also enabled the indigenous energy company to lead collaboration in raising $925 million for the Project Gazelle of the…
NCDMB to reposition NCIF for higher impact
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has tasked the custodians of the Nigerian Content Intervention (NCI) Fund and the parent Nigerian Content Development Fund (NCDF), to strive for greater efficiency and impact of the fund in…
Labour suspends strike as FG flaunts higher minimum wage
Sopuruchi Onwuka The Nigerian Organized Labour has suspended the crippling industrial actions it started Monday to press home its demands for enhaced minimum wage for workers in the formal sector. The Nigeria Labour Congress (NLC) and the Trade Union Congress…
Shell-led firms hauled $142m at NDDC in 2023
Sopuruchi Onwuka A total of $142.5 million was paid to the Niger Delta Development Commission (NDDC) last year by The Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo). Shell stated that its…
NNPC Ltd, NDDC commission N24.5bn Ogbia-Nembe Road
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared that has led its partners in collaboration with the Niger Delta Development Commission to successfully deliver the 25.7km Ogbia-Nembe Road in Bayelsa State. Spokesman of the national oil company,…
NLNG operations not impacted by Gbarain Ubie gas plant explosion
Africa’s biggest gas liquefaction and export company, the Nigerian Liquefied Natural Gas (NLNG) Limited, has declared that its operations are not affected by the explosion reported at Shell operated processing plant at Gbarain Ubie. The Oracle Today had in its…
NLNG and 35 years of consistent value delivery
Sopuruchi Onwuka The Nigerian domestic petroleum market appears to have completed the first phase of fuel displacement after the Nigerian Liquefied Natural Gas (NLNG) Limited intervened with dedication of its total liquefied petroleum gas (LPG) popularly called cooking gas for…
Mistakes in divestment process come with consequences __NUPRC
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called for patience of players in the industry over the pending divestment of commercial interest from international oil companies to mainly indigenous independent petroleum companies; warning that any mishap in…
NCDMB engages players, academia on research imperatives
Oil and gas industry stakeholders and leading academics on Tuesday began a three-day Research and Development (R&D) Zonal Workshop at the Niger Delta University (NDU), Amassoma, with special focus on needs-driven research and deepening of collaboration and linkages, sponsored by…
