Two employees of Shell Petroleum Development Company of Nigeria Limited, Emeka Okoli and wife, Stella have filed a N50 billion suit against the company at a Port-Harcourt High Court in Rivers State for alleged medical negligence concerning their son, Chinazam. The suit marked PHC/2338/2021 was filed August 30, 2021 by Prof
Read More
Coleman Wires and Cables, West Africa’s largest cable manufacturer, has signed N50 billion bond with Securities and Exchange Commission (SEC). Its Managing Director, Mr George Onafowokan, at the signing ceremony held in Lagos , said that the bond was fundamental to giving an option of the company’s portfolio of funding. “When we
Read More
Salpha Energy, a Nigerian provider of clean and inexpensive solar energy solutions, has received a $1 million investment from All On, a Shell-backed impact investing firm. With major collaborations with payment collection enablers such as InfiBranches, Paga, and Interswitch, the company has an active distribution network of over 350 people, cooperatives,
Read More
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), formerly Department of Petroleum Resources (DPR), has described the allegations indicting the commission of complacency in the Santa Barbara oil spill in Nembe, Bayelsa State, by the National Oil Spill Detection and Response Agency (NOSDRA) as unfounded. Saturday Sun had on Thursday reported an
Read More
Nigeria’s hope of improved production may have been re-ignited as a result of the lifting of force majeure on crude exports by Shell Petroleum Development Company of Nigeria (SPDC) from Bonny Light terminal following repairs to a leaking pipeline. Operational issues have hampered Nigeria’s crude production throughout the second half of
Read More
A local crude refining company, refining, is currently putting infrastructure in place to refine 50,000 barrels per day (bpd) of crude oil by 2024, while attracting investments of over $1 billion dollars into the midstream oil and gas sector in Nigeria, in five years. The move is consistent with Nigeria’s quest
Read More
The Chairman of the National Gas Expansion Programme (NGEP), Mr Mohammed Ibrahim, has said saving 364 billion of standard cubic feet of gas (BCF) can generate 300 megawatts (MW) of electricity and create 300,000 jobs. Mr Ibrahim who stated this during a courtesy call to the Chief Executive Officer, Nigerian Midstream
Read More
As the global campaign for cleaner energy gathers momentum, TotalEnergies Marketing Nigeria Plc has said its customers remain critical stakeholders in its strategic evolution into a major player in the transition to new energies. The company added that one of the main goals of the Africa Customer Week is to enlighten
Read More
Savannah Energy Plc, a British independent energy company, has announced the successful drilling and completion of Uquo-11 gas production well in Uquo field, located on Oil Mining Lease 13, onshore Akwa Ibom State. The company disclosed this while announcing the publication of an updated Competent Person’s Report covering its assets in
Read More
The Nigerian Electricity Regulatory Commission has renewed for three years the trading license of the bulk trader following a review of the latter’s application and corporate business plan. Reports that NBET is set up as a credit worthy off-taker of bulk electricity distributed via the grid to consumers with an initial
Read More
