NNPC GMD, Mele Kolo Kyari has disclosed the total donations by players in the Oil and Gas Industry to Nigeria’s COVID-19 fund is N21billion. Mele Kolo Kyari said the oil sector was obliged to support the Federal Government in its efforts to bring relief to Nigerians. Kyari spoke on a TV program, where he gave … Read more
The Federal Inland Revenue Service (FIRS) said it would rake in four trillion naira as tax revenue from the extractive sector of the Nigerian economy in the 2020 fiscal year. The FIRS made this known in a statement issued by Abdullahi Ahmad, Director, Communications and Liaison Department in the service in Abuja on Tuesday. The … Read more
The Department of Petroleum Resources (DPR) on Tuesday intensified efforts to curtail the incidence of gas explosion in Lagos State with the closure of seven Liquefied Petroleum Gas (LPG) plants. The oil and gas industry regulator said the affected LPG (cooking gas) plants were sealed for not complying with the prerequisite safety standards and operating … Read more
The Nigeria Liquefied Natural Gas Limited (NLNG) says it has signed a LNG Sale and Purchase Agreement (SPA) with ENI for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3. NLNG disclosed this in a statement signed by Eyono Fatayi-Williams, its General Manager, External Relations, in Abuja, on Monday. It said the agreement was … Read more
Royal Dutch Shell said on Friday it expected to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic outlook. In a trading update ahead of full year results, Shell also lowered its oil products sales forecast, pointing … Read more
The board of Forte Oil Plc has called for a special meeting to be held in Lagos next month to approve the renaming of the company to Ardova Plc. Ekohotblog Recalls that in June 2019, former majority shareholder of the energy firm, Mr Femi Otedola, sold his 75 percent equity stake in the company to … Read more
The Chief Financial Officer (CFO) of Seplat Petroleum Development Company Plc, Mr Roger Brown, will from August , 2020, be the new Chief Executive Officer (CEO) of the energy firm. Seplat Petroleum stated that Mr Brown will take charge of day-to-day activities of the company upon the retirement of the present CEO, Mr Austin Avuru, … Read more
The director of Africa Canada Trade Investment Ventures, Mr. Kenneth Oguzie has called on Nigeria government and business owners to explore foreign businesses especially in Canada. He said this in an interview during his visit to Nigeria in preparation for a 2 days summit that is stated to hold in Canada by 23-24th of March, … Read more