Oil & Gas

Paul Allen, the co-founder of Microsoft with Bill Gates, is dead. He died at 65. He had battled several diseases before giving up the ghost.

Mr. Nnamdi Nwokike has been named the Director, Public Affairs, by the Nigerian Communications Commission (NCC). His appointment which is in line with the NCC management’s realignment of roles and redeployment, follows the retirement of Mr. Tony Ojobo at the mandatory age of 60 years. Prior to this new position, …

   By Yemi Akinsuyi Russian Company, The Arctic, plans to commit a whopping $47.6bn in complex LNG projects at the gas company’s Novatek’s playground, within the Arctic circle. Once fully operational, LNG 2 will be pumping out 18.3m cubic metres of liquid gas a year.

 From Nosa Akenzua, Asaba Massive protests erupted in Otor-Udu, headquarters of Udu Local Government Area,  Delta State, over the creation of the new Burutu Area Command of the Nigeria Police Force.  With the creation of the new Area Command, the   Ovwian-Aladja Police Division in Udu  was annexed to the new …

The Federal Executive Council ( FEC ) meeting on Wednesday approved $64 million for power supply to Escravos communities.

A $10.1 billion demand by Nigerian authorities from South African telecoms group MTN (MTNJ.J) makes its planned debut stock market listing in the country “pretty challenging and awkward”, the group’s chief financial officer said on Wednesday. Nigeria’s central bank has asked MTN to repatriate $8.1 billion in monies sent abroad, …

   From Mike Uzor, Lagos Transnational Corporation of Nigeria [Transcorp] has begun to reap the rewards of its venturing into the energy sector, which has become its largest revenue provider. The conglomerate’s power sector subsidiary – Transcorp Power Ltd, has achieved a significant increase in power generation after improving its …

OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Reuters survey found, although losses from Iran and Libya limited the increase.

  Total Exploration and Production Nigeria Limited says it has trained 53 entrepreneurs nationwide in how to manage small and medium-scale business.

Africa’s richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his Nigerian oil refinery project and aims to start production in early 2020, he told Reuters.