*Dr Ibe Kachikwu, Minister of State for Petroleum Resources. By Energy Worth Nigeria and the Niger Republic, will in 60 days time sign binding bilateral and technical agreements that will enable both countries develop and build a new petroleum refinery in a Katsina State town which borders both countries, the Ministry of Petroleum Resources has…
*Steven Kandarian Exxon Mobil Corporation has announced the election of Steven A. Kandarian to its board of directors, effective February 1, 2018. Kandarian is the chairman, president and chief executive officer of MetLife Inc.With the election of Kandarian, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors.Kandarian’s experience leading a large international…
The Managing Director, Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi, during the House of Representatives Committee on Power public hearing, in Abuja.By Energy WorthThe Managing Director of the Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi was at the public hearing on Rural Electrification Schemes in some Universities which held on the 25th January, 2018 at…
*NNPC GMD, Dr Maikanti Baru (right), during the inauguration of the board at the NNPC Towers, in Abuja, on Wednesday. The Group Managing Director of the Nigerian National Petroleum Corporation (NNC), Dr. Maikanti Baru, has urged the new Board of one of its downstream subsidiary companies, the Nigerian Pipeline Storage Company (NPSC), to partner with…
By Energy Worth In a bid to strengthen the network and improve power supply to customers across its network, the management of Ikeja Business Unit last week commissioned three (3) transformer substations to relieve overloaded transformers.Olowu II 300KVA transformer, one of the newly commissioned transformers will relieve Medical and Olowu transformers, bringing the heavy load-…
The Board of Directors of Exxon Mobil Corporation has declared a cash dividend of $0.77 per share on the Common Stock, payable on March 9, 2018 to shareholders of record of Common Stock at the close of business on February 12, 2018.This first quarter dividend is at the same level as the dividend paid in the fourth…
The oil and gas giant, Total has announced a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM). The well was drilled to a final depth of 8,898 m and encountered 205 m of net oil pay in a high quality Norphlet reservoir. A sidetrack well…
*Minister of Power, Works and Housing, Mr Babatunde Fashola (middle) and other stakeholders at the event. By Energy Worth The Minister of Power, Works and Housing, Mr Babatunde Fashola has stated that the Transmission Company of Nigeria (TCN) had improved its capacity to transmit electricity from 5,000mw to 7,000mw. He disclosed this in Abuja at…
*NNPC GMD, Dr Maikanti Baru. By Energy Worth The Group Managing Director of the Nigerian National Petroleum Corporation ((NNPC), Dr Maikanti Baru has disclosed that more than 3,000 vehicles are now powered with the Compressed Natural Gas (CNG) in Benin-City, Edo State. Dr Batu stated this while addressing newsmen at a town hall meeting with…
*Dr Ibe Kachikwu By Energy Worth Minister of State for Petroleum Resources, Dr I’ve Kachikwu has disclosed that Nigeria is now 70 per cent gas flaring compliant. The minister was said this at the latest edition of the Organization for the Petroleum Exporting Countries (OPEC) Bulletins for December 2017 to January 2018. Kachikwu said the…
