Conoil Producing, owned by billionaire Mike Adenuga, has emerged as winner of the bid for the 40% equity held by Chevron Corp. in Oil Mining Leases (OMLs) 86 and 88. The Lagos oil junior is currently discussing with the American international oil major.

The report said it was still not…

    …Petroleum leaders, experts to identify solutions to overcome industry issues

As the world continues to observe the lockdown and social distancing rules in the containment of the Coronavirus, there has been a renewed focus in digital alternatives to events.

The COVID-19 outbreak had led to the…

President Muhammadu Buhari is expected to accent to the long awaited Petroleum Industry Bill anytime from now. The PIB bill is aimed at boosting output and attracting foreign investment, in the main.

The reforms, 20 years in the making, are particularly urgent this year as low oil prices and a…

Nigerian President, Muhammadu Buhari, has held discussions with Saudi Arabia’s King Salman bin Abdulaziz on efforts being taken to stabilise and rebalance global oil markets.

Saudi state news agency, SPA, said the telephone discussion between the two leaders took place yesterday.

The two leaders “stressed the importance…

According to the regulatory agency, the fees which is known as Competition Transition Charge are payable by large power users before they can exit the services of the eleven distribution companies (DisCos).

The Eligible Customer Regulation Act which signed into law in 2017 allows unsatisfied power…

        …As they extend collaboration in Asia Pacific

Ampelmann, the Dutch offshore access provider, has signed a new, three-year contract with Brunei Shell Petroleum (BSP) for work in Asia Pacific.

The company will provide two of its latest version L-type systems to enable daily crew change operations…

President Muhammadu Buhari has reiterated his administration’s determination to end importation of refined petroleum products into Nigeria, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said.

Sylva said the government was working hard to reverse Nigeria’s status as a net importer of Premium Motor Spirit, aka petrol.…

Ikeja Electric has unveiled a WhatsApp messaging solution, which offers real-time customers complaints resolution and 24-hour customer support service.

The IE WhatsApp Chatbot works like regular WhatsApp platform and enables seamless two-way communication between customer and the DisCo through the chat interface.

Ikeja Electric, while explaining the…

The Nigerian Electricity Regulatory Commission (NERC) has reiterated its determination to curb such issues as billing errors and incessant impact of erratic installations on power consumers, insisting that Meter Service Providers (MSPs) must play by the rule.

The regulatory agency regretted that despite all efforts to ensure that the highest…

Nigeria’s rig count continues to fall just as the data obtained from the Organisation of Petroleum Exporting Countries (OPEC) revealed that Nigeria’s rig count fell to six in July from nine in June.

 The decline recorded in the number of active rigs in July represents a33.33 per cent drop in…