Business

DPR outlines achievements

The Department of Petroleum Resources (DPR) has unveiled its achievements targeted at boosting the industry and making its operations transparent and accountable. The achievements include the establishment of technologies that will track online/real time of production volumes from the oil fields, terminals, the vessels taking them out for exports and their destinations. DPR monitors 19 […]

Business

DPR outlines achievements

The Department of Petroleum Resources (DPR) has unveiled its achievements targeted at boosting the industry and making its operations transparent and accountable. The achievements include the establishment of technologies that will track online/real time of production volumes from the oil fields, terminals, the vessels taking them out for exports and their destinations. DPR monitors 19 […]

Business

BoI, firm seal N1b Niger Delta off-grid deal

The Bank of Industry (BoI) and All On have agreed to establish a N1billion Niger Delta off-grid energy fund. The fund will provide local currency debt financing to facilitate the deployment of energy solutions by access-to-energy companies in the Niger Delta at 10 per cent interest rate per year (with a one-year moratorium) and tenor […]

Business

Firms back in operation after rift resolution

The oil and gas industry has witnessed a major reconciliation of two major oil service firms – West African Ventures Corporation (WAV), a local company and Sea Trucks Group, an international oil company. The dispute lasted for over two and half years. The disagreement arose when the oil industry slumped globally in 2015 and made […]

Business

NEMSA to sanction DisCos over substandard equipment

The Nigerian Electricity Management Services Agency (NEMSA) will punish any electricity distribution company (DisCo) that uses substandard equipment, its Chief Executive Officer, Mr. Peter Ewesor, has said. He said the sanction ranged from a fine of at least N500, 000 to prosecution. He said the decision to impose sanctions on the firms was borne out […]

Business

Shell’s three scholarship awardees graduate

THREE beneficiaries of Shell Nigeria Exploration and Production Company’s (SNEPCo)  scholarship in the United Kingdom (UK) have returned home after completing their studies. They are Iwinosa Aghedo, Peace Adepoju and Oluwapelumi Okewusi. They studied Geotechnical Engineering and Hydrography on the sponsorship of SNEPCo, in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB). SNEPCo’s […]

Business

NEMSA to sanction DisCos over substandard equipment

The Nigerian Electricity Management Services Agency (NEMSA) will punish any electricity distribution company (DisCo) that uses substandard equipment, its Chief Executive Officer, Mr. Peter Ewesor, has said. He said the sanction ranged from a fine of at least N500, 000 to prosecution. He said the decision to impose sanctions on the firms was borne out […]

Business

Firms back in operation after rift resolution

The oil and gas industry has witnessed a major reconciliation of two major oil service firms – West African Ventures Corporation (WAV), a local company and Sea Trucks Group, an international oil company. The dispute lasted for over two and half years. The disagreement arose when the oil industry slumped globally in 2015 and made […]

Business

BEDC holds safety campaigns in Edo

Benin Electricity Distribution Company (BEDC) has held safety campaigns in some primary and secondary schools in Edo State. It also donated over 20,000 exercise books to some pupils. The sensitisation was part of  the firm’s Corporate Social Responsibility (CSR). At Eyean Secondary School in Ikpoba Okha Local Government Area of Edo State, BEDC’s Health, Environment […]

Business

Why NERC is unable to grow sector, by group

The Nigerian Electricity Regulatory Commission (NERC) is unable to grow the power sector because of the commercial and technical problems in the supply value chain, a source at the Association of Nigerian Electricity Distributors (ANED) has said. The source, who preferred anonymity, said the sector has not been able to perform optimally because NERC has […]