By Oke Peter Nigeria has received a $359million support from the World Bank to fund the Nigeria Electrification project (NEP), the Rural Electrification Agency (REA), on Tuesday, disclosed. Out of the sum, a total of $150million was allocated to the Mini grid project, while approval for the project is expected in April 2018, the agency’s…
ExxonMobil has announced that its wholly owned affiliate, ExxonMobil Exploration and Production Mauritania Deepwater Limited, has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks. “These blocks further enhance ExxonMobil’s leading global deepwater acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We thank the government of Mauritania for the…
ExxonMobil has announced that its wholly owned affiliate, ExxonMobil Exploration and Production Mauritania Deepwater Limited, has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks. “These blocks further enhance ExxonMobil’s leading global deepwater acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We thank the government of Mauritania for the…
A German start-up has commissioned its first solar container in the Tahoua region of Niger, a thoroughfare for nearly 90% of African refugees. Africa GreenTec, has designed a unit that relies on a mobile 41-kWp solar photovoltaic installation and a 60-kWh battery storage system to provide electricity to the village of Amaloul Nomade, which is not…
By Oke Peter The Organisation of Petroleum Exporting Countries (OPEC), on Thursday, took a decision to cap the output of Nigeria and Libya at 2017 production levels without deciding on the figures. The oil cartel also agreed to extend oil output cuts until the end of 2018 as part of the global efforts to eliminate…
Exxon Mobil Corporation announced today it will combine its refining and marketing operations into a single company, ExxonMobil Fuels & Lubricants Company, in the first quarter of 2018. Bryan Milton, currently president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has been appointed president of the combined division by ExxonMobil’s board of directors, effective Jan….
The 173rd Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 30 November 2017, under the Chairmanship of its President, HE Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, and Head of its Delegation. The Conference congratulated HE Mustapha Guitouni,…
The 173rd Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 30 November 2017, under the Chairmanship of its President, HE Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, and Head of its Delegation. The Conference congratulated HE Mustapha Guitouni,…
Former President, Chief Olusegun Obasanjo, has commended the Management of the Nigerian National Petroleum Corporation (NNPC) for ensuring an uninterrupted supply of petroleum products which he noted was an integral part of energy security in the country. In a speech presented on his behalf by an aide to the former President, Chief Idowu Akanle, at…
By Oke Peter The Former Deputy Governor of Central Bank of Nigeria (CBN) on Thursday charged the federal government to amend some structures of public corporations such as the Nigerian National Petroleum Company (NNPC) to create room for improvement and accountability. The former deputy governor of the country’s apex bank, Professor Kingsley Moghalu, made the…
