Agip, Shell to fabricate 50% of FPSO topsides locally for Zabazaba deepwater project

Two multinational operating companies, Nigerian Agip Exploration Limited (NAE) and Shell Nigeria Exploration and Production Company (SNEPCO) have set plans for in-country fabrication and...

Baker Hughes/GE merger to lower cost of oil, petroleum product production in Nigeria

The Chief Executive Officer, sub-Saharan Africa, Bakers Hughes, a GE Company (BHGE), Mr. Ado Oseragbaje has stated that the merger of Bakers Hughes and...

Banks deny Egbin Power new credit line over FG’s N125bn debt

The Managing Director and Chief Executive Officer (CEO) of the nation’s biggest power station, Egbin Power Plc, Mr. Dallas Peavey, has said that commercial...

U.S. demand for Nigerian crude weakens as Harvey impacts on refineries

Nigerian crude differentials were steady to lower on Thursday and some traders said weaker U.S. demand because of the outage of a sizeable chunk...

Lekoil set for more investment off Renaissance Capital ratings

Lekoil may be set to attract the required funding to emerge as a major oil and gas producer as a rating agency has given...

Banks can’t take action on impaired power loans due to importance of sector –...

The Group MD/CEO of Access Bank Plc, Mr. Herbert Wigwe, has explained why Nigerian banks have still not made provisions for most of the...

NNPC reshuffles 55 top staff in major shake up as Ewubare heads NAPIMS

The ongoing restructuring of the Nigerian National Petroleum Corporation, NNPC received fresh impetus on Tuesday with the appointments and deployments of top executives across...

Schneider Electric to aid Dangote refinery on safety, reliability & profitability with IoT solutions

Schneider Electric, the global specialist in energy management and automation, has signed a contract to provide comprehensive process automation systems, solutions and services to...

NERC issues 3 windows for renewable energy projects

The Nigerian Electricity Regulatory Commission (NERC) in pursuance of the National Policy on Renewable Energy and Energy Efficiency, has issued three windows for grid...

Oando Plc gives further update on claims of a SEC investigation

Further to the initial press release by the Company (“the Company” or “Oando”) published on Friday, 14th July 2017 entitled ‘Oando PLC’s Official Statement...

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