Category: Oil & Gas

NSML, NDA Ink MoU on Maritime Training at Navy Simulation Centre

ADEOLA YUSUF

NLNG Ship Management Limited (NSML) and Nigerian Defence Academy (NDA) have signed a Memorandum of Understanding (MoU) for the training and delivery of maritime-related courses at the Nigerian Navy Simulation Centre (NNSC) of the NDA. At a signing ceremony at the NDA campus in Kaduna, Kaduna State, recently, the two organisations agreed to a framework to guide their technical, academic, and commercial relationships and to provide access to the NSML’s Maritime Centre of Excellence (MCOE) on Bonny Island, Rivers State. According to the MoU, NDA will leverage the expertise, competence…

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AKK Pipeline Project: NNPC to Deliver First Gas in Q1 2023

ADEOLA YUSUF

NNPC Board Happy with Progress The Board of the Nigerian National Petroleum Company Limited (NNPC) has expressed satisfaction with the progress of work done on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project and believed that the first Quarter 2023 target for delivering it will be met. This was made known when the GMD/CEO, Mallam Mele Kyari took the NNPC Board Members on an official tour of Segment A sites in Abaji Area Council of the FCT, on Thursday. The GMD/CEO, who was accompanied by other members of his Management Team, stated…

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OML 11: Lekoil Nigeria Spuds Otakikpo Well 4, Surges Target to 10,000 bopd

ADEOLA YUSUF

Lekoil Nigeria Limited has announced that its Otakikpo Joint Ventures successfully spudded one of the wells, Otakikpo-4 as part of the Phase 2 development expected to bring aggregate production to a targeted estimated 10,000+ bopd with 4,000+ net to LOGL by the end of 2022 Platforms Africa reports that the well is on Oil Mining Lease (OML) 11. In a statement sent to Platforms Africa, the company hannounced on behalf of the Otakikpo Joint Venture (“Otakikpo JV”) made up of Green Energy International Limited (“GEIL”), the Operator, and the Technical…

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Winners Emerge from TotalEnergies Startupper of the Year Challenge in Nigeria

ADEOLA YUSUF

TotalEnergies Nigeria has announced winners of the 3rd edition of the Startupper of the Year Challenge. Platforms Africa reports that the unveling/award ceremony took place on Wednesday, April 13, 2022, at the Eko Hotel & towers, Lagos. The Startupper challenge by TotalEnergies is intended to contribute to the development of the local economic environment, encourage young companies to integrate environmental and societal dimensions (inclusion of women) into their businesses and showcase TotalEnergies commitment to local entrepreneurship. The 3 best winners are Mr. Nonso Opurum: Best Startup under 3 Years (SOSO…

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NSML Gets First Sub-Saharan African Terminal Environmental Certification

ADEOLA YUSUF

NLNG Ship Management Limited (NSML), manager of the Nigeria LNG Limited (NLNG) Bonny Terminal, has achieved the terminal’s Ecoport Port Environmental Review System (PERS) certification, making it the first certification of its kind in any port in Sub-Saharan Africa. According to the Managing Director and Chief Executive Officer of NSML, Mr. Abdukadir Ahmed, the certification was an attestation that the facilities and operations at NLNG’s Bonny Terminal comply with leading environmental management practices. He stated that the certification shows the commitment of NSML and its parent company, NLNG, to green…

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SPDC JV Opens Animation Academy for Niger Delta Youths

ADEOLA YUSUF

ENERGY company, The Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC joint venture, has opened an animation academy in Port Harcourt, Rivers State, for practical training of youths in 3D animation, look development and visual effects. “The academy is primed to support in closing identified gaps in knowledge and skills that will enable Niger Delta youths to participate fully in the new opportunities that are now available in digital technology,” SPDC’s Director and Country Head, Corporate Relations, Igo Weli, said at the inauguration of the academy…

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Russia: EU Courts Nigeria, Surges Demand For Country’s Gas

ADEOLA YUSUF

EU Ambassadors in Nigeria Visits NNPC, seeks increase in Liquefied Natural Gas (LNG) supply   The European Union has, “as a result of the current geopolitical situation in Europe,” courted Nigeria for an increase in demand for the country’s gas. Platforms Africa reports that European Union (EU) Ambassadors in Nigeria on Monday paid a courtesy call on the Management of the Nigerian National Petroleum Company (NNPC) Ltd, seeking to strengthen its partnership with Nigeria in the energy sector. READ ALSO: Russia Shuts 1.4m bpd Exports Pipeline, Worsens Oil Prices Surge…

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Nigerian Parliament Indicts Agip, MTN, Glo, Others of Tax Evasion

ADEOLA YUSUF

Globacom, Airtel, 9Mobile and co. Here are names of companies the House of Representatives Committee on Public Accounts found questionable for tax offenses    The Chairman of the House of Representatives Committee on Public Accounts, Oluwole Oke has accused some firms operating in Nigeria of evading tax. Speaking while receiving the Minister of Industry, Trade, and Investment, Otunba Niyi Adebayo, on Thursday, Oke said that several companies operating in the country were in the habit of not paying statutory taxes to the government, causing a revenue shortage for the operation…

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$38m Racket Lands Oil Firm, Marine Assets and Offshore Ltd., In Trouble

ADEOLA YUSUF

Court Okays EFCC’s probe of the oil company and others, says suit instituted by the company and its General Manager, Olusegun Olaleye, lacked merit   A Federal High Court in Abuja, has dismissed a suit by oil and gas services firm, Marine Assets and Offshore Equipment Limited, to stop its investigation by the Economic and Financial Crimes Commission (EFCC). Justice Bolaji Olajuwon, in a judgment, said that the suit instituted by the company and its General Manager, Olusegun Olaleye, lacked merit. Olajuwon held that there was no merit in the…

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Shell, AFC, GTBank, 6 Other Banks Drag Aiteo to Court Over $2bn Debts

ADEOLA YUSUF

The bickering between a group involving Shell, Africa Finance Corporation (AFC), and seven Nigerian bank, and Aiteo Eastern E&P Company Limited over $2 billion loan accessed by Aiteo has degenerated. A high court in England has ruled that Shell Plc, Africa Finance Corporation, and seven Nigerian banks have established their right to block Aiteo Eastern E&P Company Limited from taking legal action when a suit initiated by them against the oil firm has not been resolved. The verdict approving the “final anti-suit injunction” was delivered on April 1, according to…

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