Eni pushes Angola, Nigeria’s biggest rival, ahead with 250m bbls oil discovery

  How Nigeria is losing out + why IOCs shrink investment for oil discovery in country, surged funding for Angola oil acreages   Italian firm Eni has made a new light oil discovery off the coast of Angola after exploration activities recommenced following a year of pandemic restrictions. This discovery and advancement in renewables makes Angola to the African Oil giant to watch in the next five years. The discovery, made on Tuesday, is in Angola’s deepwater Block 15/06. Eni believes the exploration well, drilled at 500 metres in the…

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Why we approached NCDMB for Collaboration – Nigerian Amnesty Boss

  The Presidential Amnesty Programme (PAP) has declared that it decided to approach the Nigerian Content Development and Monitoring Board (NCDMB) based on the board’s industry role, which will be of immense benefit to get the ex-agitators to become entrepreneurs and employers of labour. PAP and the NCDMB, Platforms Africa reports, agreed to work together to build the capacity of beneficiaries of the amnesty programme. Interim Administrator of the PAP,  Milland Dixon Dikio while enumerating the vision and strategic plan of the PAP under him, said everything is being done…

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NNPC, Italian firm Technimont ink $1.5bn deals For PH Refinery Repair

  The Nigerian National Petroleum Corporation and Italian Engineering giant, Maire Tecnimont, have signed off on the $1.5 billion contract to repair the Port Harcourt Refinery. The contract was signed on Tuesday morning by the Managing Director of the Refinery, Ahmed Dikko as well as the Vice President ofTecnimont, Sub-Saharan Africa, Davide Pellizola. Tecnimont SpA, an Italian engineering company, is to handle the engineering procurement and construction (EPC) contract for the rehabilitation of the 210000 barrels per day capacity refinery in Rivers state, Southsouth Nigeria. The contract is expected to…

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Nigerians cough up N542.73bn electricity bills to DisCos in one year

  Nigerians paid a whooping N542.73 billion electricity bills in the year 2020. The 11 Electricity Distribution Companies (DisCos) across the country, collectors of the revenues, on the other hand, recorded a shortfall of N273.42 billion in the year. They, findings by Platforms Africa showed, received a total of N542.73 billion out of N816. 15 billion they billed their consumers. This is an increase of N42.46 billion from the total of N230.96 billion shortfall recorded in 2019. Checks also revealed that the amount the DisCos generated from their consumers in…

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Nigeria Eyes $8.7bn Investments from Refineries, Pipelines’ Repairs

  Mele Kyari: Corporation remains destination of choice for global investors The Nigerian National Petroleum Corporation (NNPC) expects an investment of about $8.7 billion to flow in during the rehabilitation of the Warri Refinery and Petrochemical Company (WRPC), the Kaduna Refinery and Petrochemical Company (KRPC), as well as the revamping of some of its 5,000-kilometre pipelines throughout the country. In a virtual presentation titled: “Accessing Energy Infrastructure Opportunities at the NNPC”, at an event hosted by the United States Department of Commerce, the Group Managing Director of the NNPC, Mallam…

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Ghana opens up on “impending nationwide power cuts”

  State power transmitter, Ghana Grid Company Limited (GRIDCo), has said that its recent engagements with the media about ongoing projects in the power sector “appear to have heightened perceptions of impending nationwide power cuts”. GRIDCo added that it is putting measures in place to ensure that the duration of its planned intermittent power outages meant to pave the way for some technical works are minimized. Ahead of the press conference, GRIDCo had said in a press statement that it wished to assure the general public that it “has no…

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Afreximbank’s $1bn fund for PH Refinery Rehab, fruit of transparency- Kyari

. As NNPC, NEITI Renew Commitment to Deepen Transparency The Nigerian National Petroleum Corporation (NNPC) on Thursday declared that it secured financing agreement for the rehabilitation of the Port Harcourt Refinery by the African Export Import Bank (Afreximbank) as a fruit it reaped from its transparency and accountability. Though the rehabilitation is to gulp $1.5 billion, the financing deals secured from the Afreximbank, Platforms Africa gathered, is $1 billion. Group Managing Director of the NNPC, Mallam Mele Kyari, said while playing host to the management team of the Nigeria Extractive…

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Reasons Iconic 70 Series Land Cruiser is Most Reliable Toyota Ever Built

  Launched in 1984 and still manufactured today, the 70 Series Toyota Land Cruiser is an indestructible off-roader that has reached legendary status in its almost four decades of service. From the Sahara Desert to the Australian outback, you can, according to a report by autoevolution, find it roaming freely on some of the most unforgiving terrains on this planet. The Land Cruiser started life after the end of World War 2 as a military utility vehicle heavily inspired by the American Jeep. Its iconic nameplate was also influenced by…

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Why NCDMB investments limited to Govt Policies, Projects – Wabote

  The Nigerian Content Development and Monitoring Board (NCDMB) has said that it would not invest in competitive business areas because such investments would compromise its morale position as a regulatory agency. The board added it only partners with strategic policies and projects that are promoted by the Federal Government and would not invest in oil and gas businesses that have competitive private players. The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote made the clarification on Tuesday when he hosted members of the Women in Energy Oil and Gas…

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