Solo Oil has announced that it has exchanged its shareholding in Pan Minerals Oil and Gas for a direct holding of 15.9% in Burj Petroleum Africa, a private UK registered company created with the purpose of participating in the current marginal field licensing round in Nigeria.
Halliburton’s Testing and Subsea business line announced that its RezConnect Well Testing System, the industry’s first solution to offer complete acoustic control of drill-stem tools, received the Offshore Technology Conference (OTC) 2015 Spotlight on New Technology Award.
Former Vice President Alhaji Atiku Abubakar has advised the in-coming government of Gen. Muhammad Buhari to reverse the privatisation exercise of the power sector for it to move forward,
Nigeria’s total electricity generation has dropped to a meagre 2,800 Megawatts, the lowest in nearly a year, as Nigerians struggle with mini-heat waves due to rising temperature.
The Ministry of Power said Thursday that power output dropped from a recent peak of 4,500MW on April 3, to 2,800 as of April 30.
The Ikeja Electricity Distribution Plc (Ikeja Electric) has expressed worry about the shortfall of about 850 mega watts (mw) in energy allocation from the national grid, just as it was allegedly constrained by incessant vandalism.
Managing Director Nigeria Independent Petroleum Company (NIPCO Plc), Venkataraman Venkatapathy, Chairman, Chief Bestman Anekwe, and the Company Secretary, Barrister Paul Obi at the company’s yearly general meeting in Abuja.
Energia Nigeria limited, one of the marginal field oil producing firms in the oil and gas sector, has confirmed its readiness to build 30,000 barrels refinery with its partners as part of the incentive to further end importation of fuel into Nigeria.
Lagos State government has commissioned the 8.5 megawatts Peninsula Integrated Power Project (PIPP), the fifth of such Independent Power Plants it has built in the last five years,
Stories by UGO AMADI
The management of integrated energy giant, Oando Plc, on has announced yet another milestone in its bid to offer shareholders juicier value in the coming days and weeks.
The United States has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.