Yemisi Izuora Oil major, Total, has given fresh assurances that it will improve on its Local Content drive in Nigeria’s oil and gas industry. It said that currently, it makes an annual expenditure of over $40 million on Corporate Social Responsibility, CSR, in the country. The firm said with suchRead More

LONDON (Reuters) – Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review,Read More

  Five innovative teams were selected on Saturday as the winners of the Nigerian Oil and Gas Technology, NOGTECH Hackathon sponsored by the Nigerian Content Development and Monitoring Board, NCDMB. The teams are Fuel Intellisense, Homefort Energy, Gricd Mote, Kiakia Gas and Airsynq and their projects were picked as theRead More

  Olatunde Dodondawa The Federal Government of Nigeria has secretly gazetted subsidy removal on premium motor spirit (PMS) otherwise called petrol without the involvement of key industry stakeholders. According to an investigation by Borderless News, a leading online newspaper, on March 20, 2020, with the approval of President Muhammadu Buhari, GCON,Read More

The Nigerian National Petroleum Corporation (NNPC) has extended for six months its contracts with private companies to swap crude oil for fuels, two sources familiar with the contracts told Reuters yesterday. In July 2019, in order to continue its exchange of crude oil for refined fuel, the Nigerian National PetroleumRead More

Following the deregulation of the downstream sector of the oil and gas industry with attendant increase in pump prices of petroleum products, the Nigerian National Petroleum Corporation (NNPC), has said alternative energy sources, especially Compressed Natural Gas (CNG) stations will be built across the country. In March this year, theRead More

The Nigerian Oil and Gas Technology, NOGTECH sponsored by the Nigerian Content Development and Monitoring Board, NCDMB has commenced the 3-day hackathon stage from Thursday in Lagos, with 15 teams contesting for the opportunity to emerge among the top five finalists. Upon emergence, the top five teams will undergo aRead More

OpeOluwani Akintayo Lagos — The Civil Society Legislative Advocacy Centre, CISLAC has expressed concern over the ongoing cleanup in Ogoniland, Niger Delta, especially the 70 percent completion claim alluded to by the Hydrocarbon Pollution Remediation Project, HYPREP. During a media update briefing on Tuesday, the civil society group’s Executive Director, AuwalRead More

Mkpoikana Udoma  Port Harcourt — A protest by three oil unions in the country is currently ongoing outside the Port Harcourt Refinery complex, with the oil workers demanding the removal of the Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Mele Kyari. The unions are the Petroleum Tanker Drivers, PTD, anRead More

Eko Electricity Distribution Company (EKEDC) has announced grouping of its customers into five service bands depicting the quantity and quality of supply they receive. General Manager, Corporate Communications of the Company, Godwin Idemudia, who declared this in a chat with newsmen, noted that this is for quality service delivery in line with promise made onRead More