Following the partnership formed by GE and Noble Corporation Plc, the two companies have launched the world’s first digital drilling vessel, targeted to achieve 20 per cent operational expenditure reduction across the targeted equipment and improve drilling efficiency. This is a concrete step forward to unlock the immense potential of digital solutions for offshore drilling…
Pioneer Managing Director of the Nigerian National Petroleum Corporation (NNPC), Chief Festus Marinho, has expressed happiness seeing his dreams for the corporation come into fruition. Chief Marinho disclosed this during his visit to the corporation, even as he commended the management of the corporation, led by the Group Managing Director, Dr. Maikanti Baru, for emplacing…
The oil and gas giant, CNOOC Limited announced today that Weizhou 6-13 oilfield has commenced production ahead of schedule. Weizhou 6-13 oilfield is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35 meters. In addition to fully utilizing the existing facilities of Weizhou 12-1 oilfield, the project…
ExxonMobil has disclosed that it has started detailed engineering work on a potential U.S. Gulf Coast project to expand polypropylene manufacturing capacity by up to 450,000 tons a year to meet growing demand for high-performance, lightweight durable plastics. A final decision on the investment, anticipated to be several hundred million dollars, is expected later this…
The Federal Government has disclosed that it is working out modalities to partner with Morocco in housing and energy. The Minister of State for Power, Works and Housing, Mr Mustapha Shehuri said this interview with the News Agency of Nigeria (NAN) on the sideline of the Crans Montana Forum in Dakhla, Morocco. Shehuri said he…
By Energy Worth with Agency Report The Association of Power Generation Companies of Nigeria (APGCN), has said that its members are operating at a loss, as the percentage of revenues received do not cover their operating costs. As a result, the generating plants can no longer sustain their operations, due to high outstanding debts.Besides, the…
Kano Electricity Distribution Plc. (KEDCO) has energised new distribution transformers in four rural communities in Kano state , so as to boost socio-economic activities in the areas. In a statement by KEDCO’s spokesman, Mohammed Kandi, it said the effort was aimed at raising the standard of living in the benefiting communities, including Yar-Fulani in Tudun…
The National Union of Mineworkers in South Africa (NUMSA) recently released a strongly worded statement expressing disappointment in an earlier statement released by Greenpeace. The Greenpeace statement questioned why NUMSA interdicted the minister of energy to stop the signing off on 27 Independent Power Producers (IPP) projects. NUMSA were not granted the interdict and the…
The Minister of Power, Works and Housing, Mr Babatunde Fashola has again, assured Nigerians of uninterrupted power supply in the country. This is coming as operators in the power sector yesterday acknowledged that the World Bank has approved $486 million to support the expansion programme of the Transmission Company of Nigeria (TCN). According to a…
Energy Worth with Agency Report The National Power Training Institute of Nigeria (NAPTIN) is to train 545 of Nigerian and Ghanaian electricity workers under its collaboration with the Association of Power Utilities of Africa (APUA). The Acting Managing Director of the institute, Mr. Ahmed Bolaji Nagode, disclosed recently at the NAPTIN Regional Training Centre in…
