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Shell, 9 banks launch $3bn Contract Finance facility to support Nigerian contractors
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has launched a $3 billion Contract Finance facility in partnership with nine leading Nigerian banks to support contractors. The facility launched, Thursday, which represents a major step towards empowering Nigerian contractors is…
Saudi Arabia to slash oil prices, as market edges to post- COVID-19 era
Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in August, as Middle East’s crude benchmarks crashed amid the tentative reopening of the Strait of Hormuz and the oil supply increase from the region….
NCDMB, NLNG drive Train 7 near completion, creates 16,000 jobs
The Nigerian Content Development and Monitoring Board (NCDMB) and NLNG Ltd have reaffirmed their commitment to strengthening collaboration aimed at deepening local content participation, increasing in-country value retention and expanding the economic benefits of Nigeria’s gas industry, as the ongoing…
NCDMB, SNEPCo, LADOL launch capacity building for supply base ervices
The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Shell Nigeria Exploration and Production Company (SNEPCo) and Lagos Deep Offshore Logistics (LADOL), has launched a 12-month Human Capacity Development (HCD) programme designed to equip young Nigerians with specialised…
NCDMB to launch petroleum industry trainers certification
The Nigerian Content Development and Monitoring Board (NCDMB) is set to commence the issuance of the Nigerian Content Trainers Registration Certificate (NCTRC), as part of its commitment to strengthening local competencies and promoting professional standards within Nigeria’s oil and gas…
NCDMB partners Chevron, Bristow on pilot training programme
The Nigerian Content Development and Monitoring Board has partnered with Chevron Nigeria Limited and Bristow Helicopters Nigeria Limited to launch a Human Capacity Development programme aimed at training a new generation of Nigerian helicopter pilots for the oil and gas…
Amadi’s neonatal bundle: How NLNG filliped innovations that save newborn babies
By Sopuruchi Onwuka Nigeria-born Imperial College London professor and winner of the 2023 Nigeria Prize for Science, Professor Hippolite Amadi, has embarked on a nationwide expansion of his groundbreaking JaundiRoom initiative, a pioneering neonatal healthcare intervention designed to provide rapid,…
Diezani: When spirited woman is caught in the web of power
Sopuruchi Onwuka The acquittal of former Petroleum Minister Diezani Alison-Madueke by a London jury after more than a decade of investigations and legal battles has reopened a larger conversation about one of the most consequential and controversial figures in the…
TCN declares force majeure as flooding submerges two Lagos substations
Transmission Company of Nigeria (TCN) has declared force majeure on the Oworonshoki 132/33kV and Lekki 330/132kV Transmission Substations following flooding caused by persistent rainfall in Lagos. A statement confirming the development, issued by TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah,…
FG, marketers set for showdown over planned fuel price control regime
Petroleum products marketers have threatened an industry shutdown if the federal government enforces its planned activation of the price control mechanism aimed at driving down the current high prices of the commodity in the country. The declaration followed calls by…
