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Economy

NOGOF unveils N35.7 trn job outlook for oil contractors

Shell leads with $13 bn contracts MOMAN needs contractors for facility revamp Falcon calls for partnership Sopuruchi Onwuka Planned field development and enhanced oil and gas recovery projects in the Nigerian petroleum industry would enrich the domestic economy with over…

The Nigeria Prize for Science nets 100 entries for 2023 cycle

Nigeria LNG Limited (NLNG) has received 100 entries from across the globe for the 2023 iteration of The Nigeria Prize for Science. The $100,000 Prize maintains the heightened level of interest experienced in 2022 when about 107 entries was received….

Drilling firms get court order to pay NCDF levy

Sopuruchi Onwuka The Federal High Court sitting in Yenagoa, Bayelsa State has ordered the drilling firms in the country to comply with regulatory directive requiring them to remit one percent of the value of contracts they executive in the country…

Shell’s prize in Bonga’s billionth barrel

Sopuruchi Onwuka The best method to convey the value of numbers is to convert them to money. In Nigeria, one billion begins to generate great interest when it looks like N1.0 billion. Greater interest comes with $1.0 billion. and the…

Industry captains want broader framework for equity investors in energy

Victor Nze Managing Director and Chief Executive Officer of ND Western, Mr Eberechukwu Orji, has made a call for the expansion of the framework guiding capital market operations to accommodate small and micro level investors into the oil and gas…

WIEN demands full incentives for gas sector investments

Sopuruchi Onwuka Gender diversity group in the Nigerian energy industry, Women in Energy network (WIEN), has called on government to consider well focused policies and incentives that would spur the highly needed investments in realizing the nation’s prime economic aspirations…

Oando, LAMATA deliver electric mass transit buses

Oando Clean Energy Limited (OCEL) has declared delivery of the electric buses to pioneer low emission and sustainable energy transportation in Lagos State. General Manager in charge of Business Support Group at Oando, Alero Balogun, stated in a media release…

Wabote sells funding, partnership strategy to NDDC

Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has advised the Niger Delta Development Commission (NDDC) to enthrone internal management system that would dismantle impediments to private sector funding. Executive Secretary, Engr Simbi Wabote, declared at the NDDC…

Petroleum industry recognizes excellence at NIES 2023

Shell, TechnoOil, Schlumberger, others bag awards The Shell Petroleum Development Company Nigeria Limited, TechnoOil Group, Schlumberger and other international and indigenous oil and gas companies have emerged winners at 6th edition Nigeria International Energy Summit (NIES 2023) Industry Awards. The…

NCDMB challenges Orbit to upgrade galvanizing plant

Sopuruchi Onwuka Federal government has challenged the Orbit Galvanized Steel Industries Limited to work assiduously on getting the relevant certifications and meeting the regulatory standards of the oil and gas industry. Executive Secretary of the Nigerian Content Development and Monitoring…