Yemisi Izuora Shell Plc is reportedly set to resume talks to sell some of its Nigerian oil fields. The oil giant is said to be in negotiations with Eroton Exploration and Production Company Ltd. to offload some of its assets in Nigeria. Shell has been operating in Nigeria since 1937 and the largest oil producer in the country, accounting for about 40 per cent of the nation’s total oil production. The company has a long history of exploration and production activities in Nigeria, and it currently operates more than 200 oil and gas fields in the country. Nigeria is Africa’s…
Author: orientalnewsng
Yemisi Izuora Executive Vice Chairman, EVC of the Nigerian Communications Commission, NCC, Prof Umar Garba Danbatta, has advised businesses to adjust to the potentials of disruptive technologies which have been adopted across the globe for enhanced productivity and sustainability. He told industry leaders and Information and Communication Technology (ICT) innovators, who gathered at the 2023 edition of the Information, Communication, Technology and Telecommunications (ICTEL) expo organised by the Lagos Chamber of Commerce and Industry (LCCI) in Lagos, that advancements made in the global ICT industry have become business and enhancing. Danbatta, who was represented by the Director of Consumer Affairs…
Yemisi Izuora The Nigerian National Petroleum Company Limited, NNPCL, is developing key strategic pathways to sustain and increase its aggressive gas development and gas transportation projects to achieve affordable and clean energy. The drive is in line with the United Nations Sustainable Development Goal (SDG), Goal No. 7, as.well as part of the company’s strategic energy plan towards finding a balance for the energy trilemma. Speaking at the opening of the Nigeria Annual International Conference & Exhibition NAICE 2023, themed; “Balancing Energy Accessibility, Affordability, and Sustainability: Strategic Options for Africa” in Lagos on Monday hosted by the Society of Petroleum…
Richard Ginika Izuora The Chief Executive Officer, CEO, of Chevron Corp.’s Mike Wirth, has received tenure extension as the company’s board waives the mandatory retirement age. The decision is to enable the company find more time to get a successor as it notches record production from the world’s most prolific shale basin. The oil giant, which typically requires CEOs to step down at age 65, made the announcement Sunday as Chevron posted better-than-expected earnings driven by surging output from the Permian Basin of West Texas and New Mexico. Though Wirth turns 63 later this year, he’ll now be able to stay…
Yemisi Izuora Energy conglomerate Sahara Group has placed an order for two Liquefied Petroleum Gas (LPG) vessels to further drive access to clean energy in Africa in line with its commitment to promoting the continent’s march towards energy transition. Sources close to the deal disclosed that the contracts for the two 40,000-cubic metres capacity carriers were signed a fortnight ago in Singapore between Sahara Group with headquarters in Dubai, United Arab Emirate (UAE) and Ulsan-based HD Korea Shipbuilding & Offshore Engineering (HD KSOE). Valued at $71 million each, the two LPG carriers are expected to boost the energy conglomerate’s strategic…
Yemisi Izuora Shell has reportedly suspended loadings of Nigeria’s Forcados crude oil due to a potential leak at the export terminal, a spokesperson for its local subsidiary, SPDC, said on Thursday. Exports of the grade, which was scheduled to ship 220,000 barrels per day (bpd) in July, were halted on Wednesday evening after workers saw fumes near the single buoy mooring that was loading oil onto a vessel. “The SPDC can confirm that injections into the Forcados Oil Terminal were curtailed on Wednesday 12 July 2023, following the report of some sheen in the mooring vicinity,” a spokesperson said when…
Joy Mmesona Ejikeme has owned up to forging her 2023 Unified Tertiary Matriculation Examination result. This was the major highlight of the report of a panel set up by Governor Chukwuma Soludo to probe the raging issue. Professor Soludo set up the panel following the alarm raised by Ejiekem that the organiser of the UTME, the Joint Admissions and Matriculation Board, was trying to deny her the highest score of the examination. She claimed that whereas she scored 362, JAMB had changed it to 249. But in the report of the panel submitted to the Governor on Friday Ejikeme was…
..As Petrol Consumption Drop By 28% Yemisi Izuora Available data has shown that average daily petrol consumption in Nigeria has fallen by 28 per cent since President Bola Tinubu scrapped subsidy on the fuel at the end of May. Average daily petrol consumption fell to 48.43 million litres in June, down from the previous average of 66.9 million, according to figures released to Reuters by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This information was further confirmed by the development the president of Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) , Billy Gillis-Harry. He said that marketers have recorded…
The 188-Megawatt, MW, Geometric Power plant in the Osisioma Industrial Layout in Aba, Abia State, has been scheduled to start electricity generation by September. The confirmation was made by Geometric Power group chairman, Professor Bart Nnaji, who is also a former Minister of Power. Starting with one of its four General Electric brand turbines, the second will come on stream once the performance of the first turbine is declared satisfactory by the team of engineers led by KSE Energy of Turkey and Engineer Ben Caven, a former executive director of the National Electric Power Authority (NEPA) reputed to be…
Yemisi Izuora First Bank of Nigeria Limited, has launched a Humanoid Robot, the first of its kind in the financial services space in Nigeria. The robot is equipped with Video Banking and Artificial Intelligence (AI), taking on the role of a friendly branch staff. The Humanoid Robot can engage customers in conversations as well as through a touch screen strapped to his chest. The services performed by the robot include responding to customer enquiries on cash deposits, withdrawals and ATM cards. The robot also aids complaint management as customers can log a complaint via QR with feedback generated within the…
