Author name: Godswill Odiong

Middle East: Oil demand remains low despite the ease in COVID-19 lockdown

International Energy Services Limited appoints Engr. Bayo Ige as MD/CEO

International Energy Services Limited (IESL), a firm that specializes in engineering services, installation and maintenance, construction, technical services and consultancy services has announced a change in the management of the Company. The Company recently announced the appointment of Engr. Bayo Ige as its new Managing Director/Chief Executive Officer with effect from July 1st, 2022. He […]

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NCDMB partnering Shell, Exxon, NAOC in Oil & Gas Parks -Wabote

Major international operating oil and gas companies, notably Shell Petroleum Development Company (SPDC) and Exxon Mobil Nigeria, and the Nigerian Agip Oil Company (NAOC) have made significant investments in support of the ongoing development of the Nigerian Oil and Gas Parks Scheme (NOGaPS), the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi

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Dangote Refinery exports PMS to Cameroon

African Refinery awards contract, raises hope on fuel supply

By Eyo Nsima Ahead of the full implementation of its refinery project in Port Harcourt, Rivers State, African Refineries Port Harcourt Limited (ARPHL), has awarded the Phase 1 contract for the collocation of its Greenfield Refinery to Messrs Maire TechnimontSpA. The contractor is a leading global Oil & Gas Refining, Chemical & Petrochemical, Fertilizers and

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OPEC daily basket price stood at $61.70 a barrel

BREAKING: Oil prices leap as OPEC+ begin meeting in Vienna, Austria

By Eyo Nsima The prices of crude oil has started to rise in the global market as the Organisation of Petroleum Exporting Countries, OPEC and its allies plan meeting. For instance, the price of Nigeria’s Bonny Light rose to $120 per barrel, from $118 per barrel, as it becomes apparent that the organisation and its

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McKinsey & Company projects growth for Seplat Energy, others as Africa’s energy demand soars

Seplat Energy Plc, leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, as well as other energy producers in Africa, are projected to grow more given the rising demand for energy in Africa. Africa’s energy demand is also expected to see increased growth over the decade amidst

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British International Investment to invest up to $200 million in African hydropower alongside Norfund and Scatec

British International Investment, the UK’s development finance institution, is joining Norfund, the Norwegian Investment Fund for developing countries, in its joint venture with Scatec ASA to provide capital for Africa’s hydropower sector. This will be the largest investment in hydropower in BII’s 74-year history, with up to $200m of capital committed over the next several

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SERAP sues Akpabio, Abass over ‘plan to spend N110bn on bulletproof cars, others’

National grid: SERAP sues Buhari over ‘missing N11trn electricity fund’

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari “over his failure to probe allegations that over N11 trillion meant to provide regular electricity supply since 1999 may have been stolen, mismanaged or diverted into private pockets.” Nigerian cities have repeatedly been plunged into darkness as the electricity grid has

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