What Happened to Transparency?

  By Simon Kolawolelive LAGOS, Nigeria, May 24, 2017/ — At the annual Nigerian jamboree to the Offshore Technology Conference (OTC) in Houston, Texas, Dr. IbeKachikwu, the minister of state for petroleum resources, told a “world press conference” on May 5, 2017 that Nigeria’s refineries would soon have new investors. He said 26 investors had…

GE Nigeria’s $100m gas turbine to start operations by 2018

The Chief Executive Officer, General Electric, GE Nigeria, Mr. Lazarus Angbazo has revealed that the multinational will start operating its gas turbine assembly plant in Nigeria which has an investment over $100 million by the begining of 2018. Angbazo confirmed that the US multinational company had invested over $100 million in the plant while also…

List of Seven Critical Gas Development Projects (7CGDP)

The stakeholders of the seven Critical Gas Development Projects (7CGDP) made up of NNPC and seven (7) other oil and gas companies listed include: Shell Petroleum Development Company (SPDC); Nigerian Agip Oil Company (NAOC); Nigerian Petroleum Development Company (NPDC); Chevron Nigeria Limited (CNL); Seplat Petroleum Development Company Plc; Newcross Exploration and Production Limited; Eroton Exploration and Production The…

Oando Ready To Participate In FG Bid For Refineries Repair

Oando Plc has revealed that it is ready to participate in the Federal Government bids for the refurbishment of one or two Nigeria’s refineries, probably the Port Harcourt refinery as stated via @Oando_PLC, the company’s twitter handle. The Managing Director, Oando Plc, Mr. Wale Tinubu, said that the company would seek approval from the Federal…

Ghana Set To Get Africa’s First LPG Fired Power Plant

As GE handles 400 MW Bridge Power project Ghana’s 400 megawatt (MW) greenfield project, which is world’s largest plant of its kind and first in Africa is meant to supply electricity to the Bridge Power plant project in Tema. The project, currently being supplied with power generation equipment by General Electric, will provide enough electricity…

Nigerian oil marketers ready to resume petrol importation

Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPMA), and Independent Petroleum Marketers Association of Nigeria (IPMAN) have indicated interest to resume importation of petroleum products again after several months of abstinence. The three major oil marketers associations in Nigeria met with the Nigerian National Petroleum Corporation (NNPC), Petroleum Equalisation…