Category: Energy/Power

NNPC: ‘Security Report’ Stalls Komolafe’s GED Elevation, Redeployed To Special Duties

The Group General Manager, Crude Oil Marketing Division of the Nigerian National Petroleum Corporation (NNPC), Gbenga Komolafe, one of the nominees for elevation to the rank of Group Executive Director (GED), has been redeployed courtesy of a purported “security report”, authoritatively report. The Group General Manager of the NNPC, Emmanuel Kachikwu, had slated Komolafe as…

African oil & gas organisations plan for an upturn in the oil price said PwC survey

From Benjamin A Ameh, Lagos Overall, activity in the oil & gas industry across the African continent has slowed in the wake of the declining oil price in late 2014. “While the oil price has caused activity to drop, it has also served as a wake-up call to many African governments, which are working hard…

Oil Industry Q2 Earnings amid continue price slump

From Benjamin a ameh, Lagos A difficult year thus far for the integrated, multinational oil and gas firms caused by low oil prices has been somewhat eased by improved production and better refining margins. However, overall earnings and spending are down, and in the case of Royal Dutch Shell Plc. Shell reported second-quarter earnings on…

MRS Oil Plc Pays N224million Cash Dividend to Shareholders for the year end, 2014

The Chairman, MRS Oil Nigeria plc, Sayyu Dantata Your contributions at the Annual General Meetings and other fora continue to shape our efforts for a better performance each succeeding year. Speaking during the 56 annual general meeting (AGM) held on Tuesday in Lagos, the Chairman, MRS Oil Nigeria plc, Sayyu Dantata said “efforts are underway…

Nigeria to raise oil production to 4 million b/d by 2020

Coat of arms From Benjamin A Ameh, Lagos The Nigerian government is advised to start selling off its stakes in all oil joint ventures with foreign partners to ease the funding issues and leakage of cash due to corruption and waste which have impeded the country’s bid to increase production, oil industry auditors said Monday.…

Dr Igali says power in Maiduguri area has been restores, as power assets operators affirms support for improved power supply.

While speaking on behalf of the owners, Ernest Orji of EKO Disco pledged their support for the new Government, requesting further that Government should assist them in closing gaps that were not envisaged when they were acquiring these assets, so as to reduce the bashing on the Discos from the public.