In response to increased demand for crude transportation from South Texas and the Permian Basin, Harvest Pipeline Company (an affiliate of Hilcorp Energy Company) and Vitol Inc. have established an agreement to explore joint development of a state of the art crude oil terminal to be located in the Port of Corpus Christi. “The agreement…
By Oke Peter The Chairman of the Senate Committee on Privatisation, Senator Ben Murray Bruce has pledged the commitment of the upper legislative chamber to resolving all crises bedeviling the nation’s power sector and restoring investors’ confidence in the sector. He made the pledge yesterday in Kaduna when he led members of the Senate Committee…
Leaders at all levels in the country have been called upon to pay attention to the intellectual development of the youth if the country must attain sustainable growth. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, gave this charge at a book launch in Abuja today. Dr. Baru who was…
Petrobras and ExxonMobil today signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president of ExxonMobil Upstream Ventures, and Stephen Greenlee, president of ExxonMobil Exploration Company. Petrobras and ExxonMobil will…
The Transmission Company of Nigeria (TCN) thursday disclosed that it recorded new national peak electricity transmission capacity of 5,155.9 Megawatts (MW) on December 8. The Interim Managing Director of TCN, Usman Gur-Mohammed, made the disclosure at an interaction with journalists in Abuja. Gur-Mohammed said the new record exceeded previous national peak record of 5,074.70 recorded…
