By Oke Peter Public and private sector players in the Nigerian oil and gas industry have described the annual Global Nigeria Forum (GNF) as a model worthy of emulation by the country’s local content regulator. They spoke at the fourth edition of the forum held in Aberdeen, Scotland on September 9 with the theme: Enabling…
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FG open to divestment of 40% shares in Discos, says Fashola
Minister of Power, Works and Housing, Mr. Babatunde FasholaBy Oke Peter The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Monday stated that the Federal Government would be open to welcome new and tangible offers that would lead to it divesting its 40 per cent shares in the 11 electricity distribution companies (Disco)…
NPDC to increase crude output to 500,000bpd by 2020
By Oke Peter The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has said that it will grow its equity production from the current 180,000 barrels per day to 500,000 bpd by 2020. The Managing Director, NPDC, Mr Yusuf Matashi, who stated this in Benin, said the planned increase…
ExxonMobil expands Methane emissions reduction program
By Oke Peter ExxonMobil today announced an enhanced program to reduce methane emissions from its production and midstream facilities across the United States. The program, which builds on the company’s longstanding commitment to emissions reduction, prioritizes actions at sites operated by subsidiary XTO Energy and includes efforts to develop and deploy new, more efficient technologies to detect…
DCS holds seminar on Off-Grid solutions at Powering Africa Nigeria
By Oke Peter The 6th Annual Powering Africa: Nigeria Investment Summit, organized by UK-based company, EnergyNet Ltd will be held on the 4th – 6th October, 2017 at the Hilton Transcorp, Abuja. As part of the official forum programme, DETAIL Commercial Solicitors will be hosting a seminar on the pre-forum day (Wednesday, 4th October…
POWER-GEN International holds conference in Las Vegas
By Oke Peter The world’s largest power generation event, POWER-GEN International has announced its 2017 edition of annual conference, the event holds between December 5-7, 2017, in Las Vegas, NV at the Las Vegas Convention Center Central Halls. POWER-GEN International is the industry leader in providing comprehensive coverage of the trends, technologies and issues facing…
FG moves to curb crude oil theft
By Oke Peter The Federal Government has promised that by the end of this year, it will start conducting deoxyribonucleic acid fingerprinting of the country’s crude oil in order to identify theft and apprehend criminals. The Minister of Science and Technology, Dr. Ogbonnaya Onu, made this known during the inauguration of an ultra-modern Bio-Resources Laboratory…
Sahara Group advocates digital revolution at UN meeting
By Oke PeterThe Executive Director of Sahara Group, Mr Tonye Cole, has said the industrialisation of Africa in the next decade must be owned and led by Africans with key support from the private sector as well as regional and multilateral organisations. Citing the need for a robust “digital infrastructure,” Cole advised African leaders to…
Chevron announces $1 million for Hurricane Irma Relief
By Oke Peter Chevron U.S.A. Inc. has announced a contribution of $1 million from Chevron and the Chevron Global Community Fund to assist with efforts to recover from the damage done by Hurricane Irma. “Chevron makes every effort to support the communities where we operate, particularly in times of need,” said Dale Walsh, president of…
Power outage in Osogbo is for safety -IBEDC…To restore power in 4 weeks
By Oke Peter The management of Ibadan Electricity Distribution Company (IBEDC) has apologized to its esteemed customers, over current power outage being experienced by Iludun, Kasmo, Fiwasaye, Oluode/Kolawole, Owode/Igbona, Surulere/Oke Ayo/Sabo, Atelewo/Plantation, Arikalamu, Akintokun, Ifesowapo, Ife Olu, Asoje, Mosadoluwa, Isokan and Kelebe communities in Osogbo and Ikirun under the Oluode 11KV and Ipetu Ile 11KV…