By Shakrullah Odunsi The recent disclosure by Seplat Energy Plc on February 25 of an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU), a subsidiary of ExxonMobil, Wood Mackenzie, a trusted intelligence provider that empowers decision-makers with unique insights on the world’s natural resources, in […]
Energy
NCDMB Grows Nigerian Content Fund Above $500m
By Shakrullah Odunsi Indigenous oil and gas companies’ capacity is set to make a tremendous turnaround as the Nigerian Content Intervention (NCI) Fund has exceeded over $500 million, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has said. Wabote disclosed this at […]
Seplat Acquires Exxonmobil Equity In OMLs 67, 68, 70, 104 for $1.2billion
By Shakrullah Odunsi Seplat Energy Plc has announced the acquisition of ExxonMobil stakes in assets in Oil Mining Lease(OML) 67, 68,70, and 104 and associated infrastructure for $1.2 billion. Seplat in a statement made available to Borderless News said it has entered into an agreement to acquire the entire share […]
Fuel Scarcity: NNPC Unveils Distribution Details Of 387.5m Litres Of Petrol
By Shakrullah Odunsi Following the withdrawal of methanol-blended petrol imported into the country about a month ago, the Nigerian National Petroleum Company(NNPC) has released details of how it distributed a total of 387.59 million litres of Premium Motor Spirit in one week to bridge the gap. According to NNPC, the […]
NLNG Deputy MD, Sadeeq Mai-Bornu, Ends Tenure, To Hand Over To Olalekan Ogunleye
By Olatunde Dodondawa The Board of Directors of Nigeria LNG Limited (NLNG) has approved the appointment of Mr. Olalekan Olufemi Ogunleye as successor to Engr. Sadeeq Mai-Bornu as Deputy Managing Director of the Company. Engr. Mai-Bornu, appointed by the NLNG Board in April 2016, will return to his parent company, […]
Stanbic IBTC Chairman Advocates Adoption Of Clean Energy
By Olatunde Dodondawa Basil-Omiyi, Stanbic IBTC Chairman. Stanbic IBTC Chairman Advocates Adoption Of Clean Energy Organisations have been urged to migrate to cleaner energy sources for their operations because of the capacity to reduce the impact of emissions on the environment. This assertion was made by Basil Omiyi, Chairman, Stanbic […]
US To Become World’s Largest LNG Exporter In 2022
By Shakrullah Odunsi The United States has been tipped to become the world’s largest exporter of Liquefied Natural Gas in 2022. According to Shell’s latest annual LNG Outlook published today(Monday), LNG exports grew in 2021 despite a number of unexpected outages that dented LNG available for delivery. The USA led […]
Eko Disco Moves To Improve Power Supply In Agbara, Lekki, And Educational Institutions In Lagos
…”we currently receive between 400-450MW from the national grid, and this can no longer meet the present demand of our customers” – Otubu By Olatunde Dodondawa The Eko Electricity Distribution Company (EKEDC) has signed an agreement with the Niger Delta Power Holding Company Limited (NDPHC) towards improving electricity supply to Agbara, […]
Fuel Crisis: 5 NNPC Depots In SouthWest Out Of Stock
…as Ilorin, Ibadan, others affected By Shakrullah Odunsi Five Nigerian National Petroleum Company(NNPC) owned depots are currently out of Premium Motor Spirit(PMS) popularly called petrol, findings by Borderless News has revealed. The depots are located in Ibadan, Mosimi, Ejigbo, Ore, and Ejigbo. The out of stock status, however, contradicts the […]
Eko DisCo Chairman Meets With Minister Of Power, TCN, Others To Improve Power Supply
By Olatunde Dodondawa … demands more allocation from the national grid Ministry of Power photograph The new Chairman of Eko Electricity Distribution Company (EKEDC), Mr. Oritsedere Otubu visited some stakeholders in the power industry in Abuja earlier this week. This was in line with Mr. Otubu’s agenda to foster cordial […]