By Godswill Odiong The Major Oil Marketers Association of Nigeria (MOMAN) has directed its members to work with the regulatory authorities and the Nigerian National Petroleum Company Ltd towards a resolution of the current fuel crisis. MOMAN’s Chairman, Mr Olumide Adeosun, confirmed the development in a statement issued recently in Lagos. He said: “Most importantly, […]
Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, in partnership with Conversations for Change (C4C) has announced the graduation of 15 Fellows from the duo’s entrepreneurship programme. The 2021 batch of Fellows have been equipped to begin their business empires, which are expected to grow
Seplat Energy, C4C entrepreneurship initiative graduate 15 Fellows Read More »
• Commissions ultra-modern valve assembling plant The Nigerian Content Development and Monitoring Board (NCDMB) has secured approval to launch a US$50 million fund for NOGAPS Manufacturing Product Line. This fund would be dedicated to companies that would operate in the Nigerian Oil and Gas Parks and engage in the manufacturing of equipment components used in
NCDMB To launch US$50m fund for Oil Industry Manufacturing Read More »
TotalEnergies has announced it has signed a definitive agreement with SunPower Corp.’s (NASDAQ:SPWR) to purchase its Commercial & Industrial Solutions (CIS) business for $250 million, including $60 million of earn-out subject to regulatory evolution. TotalEnergies is the majority shareholder of SunPower, a leading solar technology and energy services provider. This acquisition is another step in
TotalEnergies, through its affiliate TotalEnergies E&P USA, Inc., announces its decision not to sanction and so to withdraw from the North Platte deepwater project in the US Gulf of Mexico. The decision not to continue with the project was taken as the Company has better opportunities of allocation of its capital within its global portfolio.
U.S. – Gulf of Mexico: TotalEnergies withdraws from the North Platte Deep Water Project Read More »
…Promises remedial action on defaulting importers The Nigerian National Petroleum Company (NNPC) Limited has reassured Nigerians of its capacity to restore sanity in the supply and distribution of quality Premium Motor Spirit (PMS) also known as petrol across the country within a short period. The Chief Executive Officer/ Group Managing Director of NNPC, Mallam Mele
NNPC reassures Nigerians on fuel supply Read More »
The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29million receipt from crude oil and gas export in August 2021 as against $191.26million in July 2021. A breakdown of the figures captured in the August 2021 NNPC Monthly Financial and Operations Report (MFOR) indicates that export of crude oil amounted to $7.77million while
NNPC records $224.29million proceeds from Export of Crude Oil, Gas in August Read More »
The Management of MRS Oil Nigeria Plc has denied reports that the company was responsible for the importation and distribution of the recently contaminated Premium Motor Spirits (PMS) in the country. MRS in a press statement recently, explained that the NNPC is the sole importer of all PMS in Nigeria. It added that the NNPC,
MRS Oil debunks reports of importation, distribution of adulterated petrol Read More »
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says petrol, with methanol quantities above Nigeria’s specification, was discovered in the supply chain. NMDPRA confirmed this in a statement issued recently in Abuja. “Methanol is a regular additive in petrol and is usually blended in an acceptable quantity,” the statement reads. The regulator added that
NMDPRA confirms supply of adulterated petrol, recalls 80m litres in circulation Read More »
The Management of Shebah Exploration & Production Company Ltd (SEPCOL) in RECIEVERSHIP, hereby provide further update on the missing crew members following the unfortunate explosion and subsequent fire that engulfed the FPSO Trinity Spirit at the Ukpokiti Terminal in the early hours of Wednesday, 2nd of February 2022. We can confirm that three (3) crew
UPDATE ON MISSING CREW MEMBERS FROM FIRE INCIDENT ON TRINITY SPIRIT FPSO Read More »
