The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company (NPDC). The crude oil prepayment has enabled NNPC to pay NPDC’s Tax obligations to the Federal Government of Nigeria, of circa US$700M with theRead More

TREXM Oil & Gas Services Nigeria Limited, an oil and gas services project delivery company, has unveiled its Flare Care Programme, an initiative launched in partnership with Baker Hughes General Electric (BHGE), to help customers control flare efficiency using an advanced process control algorithm. According to the firm, the move is InRead More

By Simon Ugwu 78 Youth in Sango Ota and other neighbouring towns have benefited from the West African Gas Pipeline Company Limited (WAPCo’s) Corporate Social Responsibility programme.   “WAPCo Community Youth Enterprise Scheme provides young persons in our host communities who have completed basic education but cannot pursue further studiesRead More

By Simon Ugwu  Nigerian Shipowners and vital Government agencies, particularly the Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Content Development and Monitoring Board (NCDMB) got commendation on their visions and commitments towards creating conditions required to transform Nigeria into a truly shipping nation, as well as boost youths employment. SpeakingRead More

The Nigerian National Petroleum Corporation (NNPC) yesterday in Abuja defended it decision to award the contract for the protection of the 87-kilometre Trans Forcados Pipeline (TFP) to an indigenous firm, Ocean Marine Solutions (OMS). Recently, some Niger Delta youths from Ijaw, Isoko, Itsekiri and Urhobo had blocked the gate ofRead More

With a focus to progressively improve operations and deliver customer-centric services, Nigeria’s leading Electricity Distribution Company, Ikeja Electric Plc (IE), has unveiled an ultra-modern undertaking office in Ikeja GRA to provide customers with improved access to quality service. The newly unveiled office is an upgraded facility designed to deliver positiveRead More

Oil marketers in Nigeria recently raised the alarm over N650bn owed them by the Federal Government in subsidy arrears, saying the settlement of the debts owed them will save their assets from being taken over by banks. The government is currently indebted to members of: Major Oil Marketers Association ofRead More

Polaris Bank Limited has identified Pan Ocean Oil Corporation’s OML-147 flow station at Owa- Alidinma and the Ovade-Ogharefe Gas Processing/LPG Propane Plant II, as laudable projects capable of generating significant cash flows. The Group Managing Director of Polaris Bank Limited, Mr. Adetokunbo Abiru, said this when he visited the siteRead More

Eko Electricity Distribution Company Plc says the planned N100bn government support for the power sector will go a long way in bettering the fortunes of DisCos, if released. The power firm, which identified illiquidity as a major challenge facing operators, maintained that there is the need the support funding asRead More

Unless the shipping companies and crew comply fully with rules on reducing marine plastic litter from vessels, the quantity of plastics in the oceans will outweigh fishes by 2050. The International Maritime Organisation (IMO), said it had received warnings from some scientists on the huge problem in the oceans, andRead More