Category: Oil & Gas

Oil Industry key to Africa Free Trade Agreement-Exec Sec NCDMB

Efe Wellington

Technological advancements in the African oil and gas industry and proceeds from operations will play significant roles in industrializing the continent and actualizing the goals of the African Continental Free Trade Agreement (AFCFTA), the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has said. Platforms Africa reports that Wabote said this in Lagos at the Real News Magazine 9th Anniversary Lecture, hinting that Africa’s industrialization agenda is at the heart of AFCFTA and oil and gas remains a key part of the energy…

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Meet Rufa’i Sirajo, Bayero Varsity-Trained Electrical Engineer Appointed Acting Chairman, TotalEnergies

Efe Wellington

Here is what the company says about Mr. Stanislas Mittelman,  who quitted as after 5-year reign as Chairman   The Board of Directors of TotalEnergies Marketing Nigeria Plc. has announced the appointment of Engr. Rufa’i Sirajo as the new Acting Chairman of the company, following the resignation of Mr. Stanislas Mittelman. Platforms  Africa reports this quoting a notice signed by the Company’s Secretary, Bunmi Popoola-Mordi, and made available on the website of the Nigerian Exchange Limited (NGX). “Engr. Sirajo will assume the position of Acting Chairman pending the next meeting…

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Nigeria Suffers 9.2m Barrels Crude Oil Production Deficit in 3 Months

ADESUPO OSOSANYA

Country’s Q3 oil output dipped to 1.57 milli9n barrels   Nigeria, Africa’s biggest crude exporter, has suffered a production deficit of 9.2 million barrels in the third quarter of 2021. The country recorded an avarage daily crude oil Production of 1.57 million in the three months of July, August and September compared to 1.67 million barrels daily production in the previous quarter. Checks by Platforms Africa show that this daily deficit of 100,000 barrels amounts to 9.2 million barrels in the 92 days that made up the three months. “The…

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Emirates, GE Aviation ink 100% Sustainable Aviation Fuel Test Flight Deals

ADEOLA YUSUF

Here is how Emirates Boeing 777-300ER will be the first ever on the fleet to conduct test flight using 100% Sustainable Aviation Fuel (SAF), a major move to deepen CO2 Emissions Cut   Emirates and GE Aviation have signed a Memorandum of Understanding (MoU) to develop a programme that will see an Emirates Boeing 777-300ER, powered by GE90 engines, conduct a test flight using 100% Sustainable Aviation Fuel (SAF). Platforms Africa  reports that the test flight slated for thelast quarter of 2022. Chief Operating Officer, Emirates Airline, Adel Al Redha,…

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Embattled A.B.C Orjiako Resigns As Seplat Energy Chairman

ADEOLA YUSUF

Orjiako’s resignation came just eight days after Zenith Bank Plc received an order from a Federal High Court sitting in Lagos blocking Seplat from transacting with him, an embattled Chairman and Co-founder   Chairman and Co-founder of Seplat Energy Plc, Dr. A.B.C. Orjiako has stepped down from his role as the company chairman and from the Board of Directors of the company he co-founded. Platforms Africa reports that the company announced this on Wednesday, 17 November, 2021 in a circular sent to the leading Pan-African energy-focus media. Orjiako will exit…

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Gas Cylinder Explosion Kills 10 Year-Old Boy, 4 Others in Lagos

Tade Salako

“It’s not an LPG related accident but rather acetylene gas used for welding,” cooking gas marketers declared   Five people including a ten year-old boy were, on Tuesday morning, killed when cylinders at a gas retailing Centre exploded in Lagos, Nigeria’s commercial capital. Platforms Africa reports that the gas centre is located at Ojekunle Street, Ladipo Spare Part market area of Lagos. The National Emergency Management Agency, NEMA, confirmed the accident, noting that there are also many casualties. READ ALSO: Why Nigerian Varsities May Be Shut In Next Three Weeks…

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Oil Investment Window Narrowing, TotalEnergies Calls For Accelerated PIA Implementation

ADEOLA YUSUF

Second biggest oil producing firm in Nigeria, TotalEnergies E&P Nigeria Limited, has declared that the window for investments into fossil fuels in the country is narrowing, urging the Nigerian government to give the Petroleum Industry Act (PIA) an accelerated implementation. Managing Director of the company, Mr. Mike Sangster, who declared this at the Pre-conference Workshop of the Nigerian Adsociation of Petroleum Explorationists (NAPE) 39th conference in Lagos, stated that Nigeria may not have much choice over the speed and velocity of the energy transition. “Nigeria may not have much choice…

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Heritage Energy Appoints Sola Adebawo GM, Govt, JV, External Relations

ADEOLA YUSUF

The immediate past spokesman for Chevron Nigeria and Mid-Africa, is expected to, among others, project the visibility of Heritage Energy, a hitherto not-well-known oil firm in Nigeria compared to CNL where he retired.   Heritage Energy Operational Services Limited (HEOSL), a subsidiary of Heritage Oil Limited (a Jersey-headquartered international oil and gas company) and operator of the OML 30 (NPDC/SNRL Joint Venture), wishes to announce the appointment of Mr. Adesola Adebawo (Sola) as General Manager – Government, Joint Venture and External Relations effective November 1, 2021. Platforms Africa reports that…

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Missing $153m NNPC Money: EFCC Grills MD of First Bank Holdings, Okonkwo

Aliyu Aliyu

Nnamdi Okonkwo has been accused of illegally transfering $153.3 million from the NNPC Account in favour of Diezani Alison-Madueke, Nigeria’s former petroleum minister.   The Economic and Financial Crimes Commission (EFCC) has interrogated the newly appointed Managing Director of First Bank of Nigeria (FBN) Holdings Plc, Nnamdi Okonkwo. Sources at the EFCC told Platforms Africa that Okonkwo was being questioned over his role in the transfer of $153.3 million from the Nigerian National Petroleum Commission in favour of Diezani Alison-Madueke, Nigeria’s former petroleum minister. The banker was managing director of…

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OPEC Pegs Downstream Funding Gap in Nigeria, Others at $1.5trn

ADESUPO OSOSANYA

Despite fears in some quarters that fossil fuel will become irrelevant in the next few years, the Organisation of Petroleum Exporting Countries (OPEC) yesterday said downstream investments in Nigeria and African countries would gulp N1.5 trillion from 2021 to 2045. Secretary General of OPEC, Mohammed Barkindo, stated this in his keynote address at the African Energy Week in Cape Town, South Africa. Barkindo explained that $450 billion out of this amount would be invested in new refinery projects and expansions of existing units, adding that most of these projects will be…

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