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Orient Energy Review has Emerged to be the platform and voice for the ever growing Local Content Policy across the world, it is targeted at tracking the various trends and developments of Local Content in Nigeria, Ghana, Angola, Tanzania, Brazil, the rest part of Africa and the world.

NEWS

AFC Provides $100m Funding For Aker Energy Offshore Project In Ghana

OrientEnergyReview Jul 17, 2019 0

Chibisi Ohakah, Abuja Africa Finance Corporation (AFC), infrastructure solutions provider in Africa is financing Aker Energy’s deepwater project located offshore Ghana with $100 million of convertible bond notes with a commitment to…

OIL AND GAS

Ghana Adopts Rewards-Based Approach To Cut Carbon Emissions

OrientEnergyReview Jul 17, 2019 0

…plans to boost local energy generation with nuclear power plan By Chibisi Ohakah, Abuja The government of Ghana is rewarding communities who are collaborating with the World Bank as a strategy to reduce carbon emissions from…

NEWS

AfDB Signs Agreement To Open Central Africa Regional Headquarters In Yaoundé, Cameroon

OrientEnergyReview Jul 17, 2019 0

The African Development Bank (AfDB) Group signed an agreement with Cameroon to open its regional headquarters in the country’s capital, Yaoundé, reinforcing its goal to get closer to member states to prop up economic integration. …

OIL AND GAS

34 Firms Win NNPC Crude-For-Fuel Swap Contracts Awards

OrientEnergyReview Jul 17, 2019 0

Chibisi Ohakah, Abuja Nigerian National Petroleum Corporation (NNPC) has issued award letters to about 34 companies for contracts to exchange crude oil for imported petroleum products under swap arrangement, Reuters said yesterday. …

NEWS

UK Aid: Largest Single Direct Climate Investment in Africa

OrientEnergyReview Jul 16, 2019 0

A UK Aid package to tackle climate change across Africa has been announced by the International Development Secretary, Rory Stewart, during a two-day visit to Kenya. The support would help sub-Saharan African countries build resilience…

POWER UPDATES

Keeping The Energy Sector Secure Amidst Growing OT Threats

OrientEnergyReview Jul 16, 2019 0

The energy sector’s information technology (IT) and operational technology (OT) systems are increasingly under attack. Used to run these utilities’ businesses and provide power to our society, these systems are seeing targeted attacks on…

POWER UPDATES

UAE To Embrace Waste-To-Energy Technology

OrientEnergyReview Jul 16, 2019 0

AE-based Abu Dhabi Fund for Development (ADFD), a leading national entity for development aid, has approved a $33-million concessionary loan for the development of a waste-to-energy facility in the northern emirate of Sharjah. The facility…

POWER UPDATES

West Africa Will Begin Cross-Border Sale Of Electricity In 2020

OrientEnergyReview Jul 16, 2019 0

From 2020, West Africa will commence cross-border sale and distribution of electricity among member states of ECOWAS. This is according to Chairman of Regulatory Council of the ECOWAS Regional Electricity Regulatory Authority…

OIL AND GAS

DPR To Impose Sanctions Against Illegal Gas Operations

OrientEnergyReview Jul 16, 2019 0

The Department of Petroleum Resources has said it will impose sanctions on fuel marketers operating illegal gas facilities in the country. The acting Director, DPR, Mr Ahmad Shakur, gave the warning on Monday at a press briefing in…

OIL AND GAS

Shell Restates Commitment To Economic Growth Of Delta

OrientEnergyReview Jul 16, 2019 0

Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture (JV), said it would continue to embark on programmes that would galvanise the economic growth of Delta. Mr Igho Weli, SPDC General Manager, External Relations…

OIL AND GAS

Modular Refineries Insufficient To Address Nigeria’s Fuel Demand – Aiteo

OrientEnergyReview Jul 15, 2019 0

The Managing Director (Downstream), Aiteo Group, Mr Ewariezi Useh has said that modular refineries sprouting in different parts of the country cannot be relied on to meet fuel demand in the country. Useh who made disclosure during the…

Local Content

NCDMB, Firm Train And Acquire $1.2m Software For 6 Universities

OrientEnergyReview Jul 15, 2019 0

Peace Obi To deepen the study of Geosciences in Nigerian tertiary institutions and link the academia with the oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB) and Danvic Petroleum International have…

Local Content

Content Fund Infraction: NCDMB To Block Debtor Firms From Projects

OrientEnergyReview Jul 15, 2019 0

The Nigerian Content Development and Monitoring Board (NCDMB) has warned that it would henceforth block operating and service oil and gas companies that default in remitting one per cent of the value of their contracts to the Nigerian…

Social Investment

Shell Spent Over N23bn In 13yrs On Development Of Host Communities In Bayelsa

OrientEnergyReview Jul 15, 2019 0

By Kenechukwu Obiajuru, Yenagoa The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Wednesday said it has spent over N23bn in the development of its host communities in Bayelsa in the past 13 years. The oil firm…

OIL AND GAS

NNPC Calls For Adequate Funding Of Oil And Gas Sector

OrientEnergyReview Jul 12, 2019 0

The Nigerian National Petroleum Corporation (NNPC) has urged the Senate to ensure adequate funding of the oil and gas sector to guarantee sustainable revenue flow from the sector. Group Managing Director of the NNPC Mallam…

OIL AND GAS

Aiteo’s New Investment Plan To Snowball Its Oil Production To 250,000bpd

OrientEnergyReview Jul 12, 2019 0

Peace Obi Aiteo Eastern Exploration and Production Company has revealed that its new investment plan would lead to increased oil production to about 250,000 per day. The Chief Executive Officer of the energy conglomerate, Victor…

OIL AND GAS

OPEC Daily Basket Price For July 10, 2019 Stood At $66.10pb

OrientEnergyReview Jul 12, 2019 0

Vienna, Austria, 11 July 2019--The price of OPEC basket for crudes stood at $66.10 a barrel on Wednesday, compared with $64.35 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB)…

Maritime

Why Buhari Should Appoint Technocrats To Man Maritime Sector

OrientEnergyReview Jul 12, 2019 0

By Elizabeth Uwandu As Nigerians await the release of names of Ministers in the President Muhammadu Buhari second term in office, the Merchant Navy Association of Nigeria, MNAN has said appointing technocrats into key agencies in…

OIL AND GAS

NNPC Dispels Rumour On Petrol Pump Price Hike

OrientEnergyReview Jul 12, 2019 0

Chibisi Ohakah, Abuja The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum products consumers to disregard trending rumour of a planned hike in the pump price of Premium Motor Spirit (PMS),…

OIL AND GAS

Study Says Nigeria Losing $12bn Annually To Oil Theft

OrientEnergyReview Jul 12, 2019 0

Chibisi Ohakah A study by the Nigeria Natural Resource Charter (NNRC) has said that Nigeria loses between $7 billion and $12 billion to crude oil theft annually. The development has expectedly prompted reactions from stakeholders on…

OIL AND GAS

Kyari Pledges Openness, Accountability In Oil Production Management

OrientEnergyReview Jul 12, 2019 0

Chibisi Ohakah, Abuja The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has said that as the focal point in the Federal Government’s open partnership programme, it is imperative for…

OIL AND GAS

PTDF Inducts Foreign Scholarship Candidates, Explains Criteria For Selection

OrientEnergyReview Jul 11, 2019 0

Peace Obi The Petroleum Technology Development Fund, PTDF on Wednesday explained that the candidates for its overseas scholarship for masters’ and doctorate degrees were selected based on candidates' past academic performance and the…

EXPLORATION AND PRODUCTION

Shenghong Petrochemical Contracts DuPont Clean Technologies For STRATCO Alkylation Technology

OrientEnergyReview Jul 11, 2019 0

…Advancing Fuel Quality in an Integrated Refining and Chemical ComplexDuPont Clean Technologies (DuPont) has been awarded contracts to supply Shenghong Petrochemical Group Co., Limited (Shenghong) with a STRATCO^® alkylation technology…

OIL AND GAS

New NNPC Boss Vows To Ensure Passage Of Oil-Related Bills

OrientEnergyReview Jul 11, 2019 0

Chibisi Ohakah, Abuja The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari has pledged to ignite a new era of robust engagement with the National Assembly to ensure speedy…

OIL AND GAS

NNPC Pledges Closer Ties With State Governors

OrientEnergyReview Jul 11, 2019 0

…to increase oil production, renewable energy & revenue generation Chibisi Ohakah, Abuja New group managing director, Nigerian National Petroleum Corporation (NNPC), Mallam Kolo Kyari, has expressed its readiness to continuously…

OIL AND GAS

Embrace PPP In Oil Sector, Oando Boss Tells FG

OrientEnergyReview Jul 10, 2019 0

Chibisi Ohakah, Abuja The Chief Executive officer of the Oando Plc Group, Mr. Wale Tinubu, has called on indigenous oil and gas companies in Nigeria to step up investment in the sector in this time that global price of oil is low. He…

OIL AND GAS

Green Energy Secures $350m Lifeline For Otakikipo OML

OrientEnergyReview Jul 10, 2019 0

Chibisi Ohakah, Abuja A consortium of international and local financiers has advanced a $350 million financing package to Green Energy International Limited (GEIL), for the development of the second phase of the Otakikpo Marginal Field…

OIL AND GAS

Buhari May Return Kachikwu As Oil Minister

OrientEnergyReview Jul 10, 2019 0

Chibisi Ohakah, Abuja There are indications that the erstwhile Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu, may be returned as minister of state for petroleum by President Muhammadu Buhari. Speculations are rife…

Local Content

NCDMB Unveils Guidelines For Utilization Of Local Barite And Drilling Fluids

OrientEnergyReview Jul 10, 2019 0

The Nigerian Content Development and Monitoring Board (NCDMB) has unveiled Guidelines on the use of locally manufactured barites within the oil and gas industry. The unveiling was done by the Executive Secretary, Engr. Simbi Wabote in…

OIL AND GAS

Total, IFPEN Sign €40m Partnership Agreement To Accelerate Carbon Reduction R&D

OrientEnergyReview Jul 10, 2019 0

Peace Obi The IFP Energies Nouvelles (IFPEN) and Total announce on Monday signed a strategic Research and Development (R&D) partnership that includes an agreement to endow a chair at the IFP School on carbon capture, utilization and…

Local Content

Total E&P Company Receives NCDMB’s NCCC On Ikike Project

OrientEnergyReview Jul 9, 2019 0

The Nigerian Content Development and Monitoring Board (NCDMB has issued the Nigerian Content Compliance Certificate (NCCC) for the Ikike field development to Total Exploration and Production Company. The Executive Secretary NCDMB, Engr.…

OIL AND GAS

Egina Project Wins ‘Project Of The Year’ Award In France

OrientEnergyReview Jul 9, 2019 0

Nigeria was honoured recently in France for its floating facility, which is expected to add 200,000 barrels of oil per day to the country’s daily production. The facility built by Samsung Heavy Industries Nigeria (SHIN) bagged the…

OIL AND GAS

Total E&P Nigeria Ltd gets New MD

OrientEnergyReview Jul 9, 2019 0

The board of directors of Total E&P Nigeria has appointed Mr. Mike Sangster as managing director/chief executive of Total E&P Nigeria Ltd. (TEPNG) with effect from July 01, 2019. He succeeds Mr. Nicolas Terraz, who is now the…

OIL AND GAS

Kyari Vows To Boost Production, End Petroleum Products Importation

OrientEnergyReview Jul 9, 2019 0

Peace Obi The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari, has vowed to reverse the trend of petroleum products importation in the country by rehabilitating the existing…

OIL AND GAS

Mele Kyari Outlines Vision For NNPC As Baru Bows Out

OrientEnergyReview Jul 9, 2019 0

The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari, has vowed to reverse the trend of petroleum products importation in the country by rehabilitating the existing refineries and…

OIL AND GAS

DPR Shuts 17 Illegal LPG Outlets In Ibadan

OrientEnergyReview Jul 8, 2019 0

The Department Petroleum Resources (DPR) in Ibadan on Monday said that it closed down 17 illegal LPG skid in Ibadan and issued warning to nine filling plants in the second quarter of 2019. Mr Oluyemi Olaonipekun, the Operations…

EVENTS

Africa E&P Summit: Concerns On ESG Risks Greets Rising E&P Prospects In Africa

OrientEnergyReview Jul 8, 2019 0

Peace Obi Stakeholders and participants at the 2019 Africa E&P Summit have called on investors in the global oil and gas industry whose exploration activities are considered detrimental to the environment to adopt efficient and safe…

OIL AND GAS

Oil, Gas Critical To Climate Change Solution – OPEC

OrientEnergyReview Jul 8, 2019 0

Peace Obi The Organisation of the Petroleum Exporting Countries (OPEC) said on Monday that oil and gas remained part of key solutions in combating climate change. Secretary-General of the OPEC, Mr Mohammad Barkindo, stated this in…

OIL AND GAS

New NNPC GMD, Management Team Assume Duty Today

OrientEnergyReview Jul 8, 2019 0

The new Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mr Mele Kolo Kyari and his management team will assume duty today at the NNPC towers in Abuja. President Muhammadu Buhari had on June 20, appointed Kyari…

Maritime

Nigeria Finally Signs African Free Trade Area Pact

OrientEnergyReview Jul 8, 2019 0

African superpower Nigeria has signed an agreement which aims to increase trade between African countries. This leaves Eritrea as the only African country not to be part of the trading bloc. Nigerian President Muhammadu Buhari signed…

Jobs

Seplat Scholarship!

OrientEnergyReview Jul 7, 2019 0

Accounting, Agricultural Engineering, Agricultural Science, Architecture, Business Administration, Chemical Engineering, Civil Engineering, Computer Engineering, Computer Science, Economics, Electrical/Electronic Engineering, Geology,…

OIL AND GAS

NNPC Adopts Incorporated Joint Venture Model To Improve Industry Fortune

OrientEnergyReview Jul 6, 2019 0

Chibisi Ohakah, Abuja Nigerian National Petroleum Corporation (NNPC) is introducing the Incorporated Joint Venture (IJV) model to replace all the Joint Venture exploration and production projects. This is part of the efforts to…

OIL AND GAS

Aiteo Eastern E&P Earmarks $5bn To Boost Oil Output

OrientEnergyReview Jul 6, 2019 0

Chibisi Ohakah, Abuja Aiteo Eastern E&P, arguably Nigeria’s largest independent oil producer, has announced plans to spend as much as $5 billion to boost its oil and natural gas production in the next five years. According to the…

POWER UPDATES

TCN Lifts Suspension Order On Enugu Disco

OrientEnergyReview Jul 5, 2019 0

The Transmission Company of Nigeria says it has lifted the suspension and disconnection orders issued Enugu Distribution Company. The suspension order, which was posted on TCN’s Twitter handle: @TCN_Nigeria, on Thursday, said the…

OIL AND GAS

NNPC To Change Payment Structure For JVs

OrientEnergyReview Jul 5, 2019 0

The Nigerian National Petroleum Corporation, NNPC has disclosed plans to change the way energy joint ventures, (JVs) paid operating costs to help ensure smooth financing for projects that have often struggled to secure timely…

Maritime

Maritime Safety: President Buhari Assents To Anti-Piracy Bill

OrientEnergyReview Jul 5, 2019 0

…Nigeria First in W/Central Africa to Satisfy International Requirement on Piracy Law …Act Will Deter Maritime Criminalities, Boost Blue Economy – Dakuku President Muhammadu Buhari has given his assent to the Suppression of Piracy…

OIL AND GAS

Two Dead, Over 30 Vehicles Burnt At Ijegun Pipeline Explosion

OrientEnergyReview Jul 5, 2019 0

By Elizabeth Uwandu The Lagos State Emergency Management Agency (LASEMA) has stated that two persons lost their lives and over 30 vehicles burnt at early morning pipeline explosion that occurred in Ijegun, a community in Igando-Ikotun…

OIL AND GAS

Reps Pledge To Prioritize Passage Of Petroleum Industry Bill

OrientEnergyReview Jul 5, 2019 0

Chibisi Ohakah, Abuja The 9th National Assembly has pledged to give priority to the passage of the Petroleum Industry Governance Bill (PIGB) in order to consolidate and reposition the country’s oil and gas industry for the benefit of…

OIL AND GAS

Nestoil Urges FG To Invest In Gas Infrastructure

OrientEnergyReview Jul 5, 2019 0

Chibisi Ohakah, Abuja The Federal Government has been called upon to invest more in gas infrastructure rather than crude oil, which according to Ernest Azudialu-Obiejesi will continue to decline in long term economic value as the world…

OIL AND GAS

Shell Wins 2019 Nigeria Oil And Gas Excellence Award

OrientEnergyReview Jul 5, 2019 0

Shell Companies in Nigeria on Wednesday won the coveted Excellence Award at the just concluded 2019 Nigeria Oil and Gas (NOG) Conference and Exhibition, held in Abuja. This is coming on the heels of a streak of other industry leadership…

COMMUNITY REPORTS

Raging Fire From Pipeline Explosion In Lagos (Video)

OrientEnergyReview Jul 4, 2019 0

Peace Obi An explosion has occurred in the early hours of this morning at the Ijegun area of Lagos Satellite town. Below is a video as captured by Millionaire BusinessMan on Twitter. …

COMMUNITY REPORTS

Chevron Donates 41,000 Doses Of Anti-worm Drugs To pupils in Bayelsa

OrientEnergyReview Jul 4, 2019 0

By Kenechukwu Obiajuru, Yenagoa Chevron Nigeria Limited (CNL) on Wednesday donated over 41,000 doses of anti-worm drugs in support of on-going massive de-worming of children in Bayelsa primary schools. Speaking at the…

COMMUNITY REPORTS

Chevron Puts Out Fire At Its Ondo Oil Well

OrientEnergyReview Jul 3, 2019 0

Chevron Nigeria Limited has announced that the fire at the Ojumole Well No. 1 in Ondo State has been safely put out, more than two months after it broke out. CNL is the operator of the joint venture between the Nigerian National…

OIL AND GAS

LEKOIL To Add 20,000bopd To National Oil Output With Strategic Investments

OrientEnergyReview Jul 3, 2019 0

Pita Ochai Indigenous oil and gas firm, LEKOIL has indicated that its strategic investments this year could lead to an additional 15,000-20,000bopd increase in national oil production in 2019. "The priority for 2019 is to grow…

OIL AND GAS

Global Transparency Body, EITI, Congratulates NNPC New Boss

OrientEnergyReview Jul 3, 2019 0

…Urges him to steer NNPC to greater transparency Chibisi Ohakah, Abuja The global transparency organisation, Extractive Industries Transparency Initiative (EITI), has congratulated the newly appointed Group Managing Director of the…

OIL AND GAS

Seven Energy Acquisition Deal To Be Completed Soon

OrientEnergyReview Jul 3, 2019 0

Chibisi Ohakah, Abuja Savannah Petroleum Plc, the British independent oil & gas company engaged in oil exploration in Nigeria’s Niger Delta has provided a corporate update which read at its annual general meeting held yesterday in…

OIL AND GAS

Baru Outlines Investment Opportunities In Nigeria, Calls For Paradigm Shift In Business Model

OrientEnergyReview Jul 3, 2019 0

Peace Obi The outgoing Group Managing Director, Nigerian National Petroleum Corporation, Dr Maikanti Baru has called for a paradigm shift in Nigeria’s business models saying that the huge investment opportunities in the country will…

OIL AND GAS

OPEC Re-elects Barkindo As Sec-Gen; Seeks Global Oil Cut

OrientEnergyReview Jul 3, 2019 0

Vienna – The Organization of Petroleum Exporting Countries (OPEC ) on Monday night announced the re-election of Nigeria’s Mohammed Barkindo as Secretary General for a three-year tenure. Barkindo, who is an accomplished oil technocrat…

OIL AND GAS

Oil price Hits $66 As Stakeholders Signal Continued Output Cuts

OrientEnergyReview Jul 2, 2019 0

The prices of oil surged to a five-week high on Monday after Saudi Arabia and Russia signalled an extension of the non-members of the Organisation of Petroleum Exporting Countries (OPEC+) output cuts and a United States (U.S.)-China…

NEWS

Fuel Tanker Accident Claims Over 64 Lives In Benue

OrientEnergyReview Jul 2, 2019 0

Peace Obi Not less than 60 persons have lost their lives to a petroleum tanker accident in Ahumbe village along Alliade- Makurdi federal highway in Gwer East Local Government Area (LGA) of Benue State, yesterday while leaving many…

Local Content

NCIF Repayment Infraction: NCDMB To Hand Over Non-Compliant Companies To EFCC

OrientEnergyReview Jul 2, 2019 0

Peace Obi The Nigerian Content Development and Monitoring Board, NCDMB has warned that it would hand over beneficiaries of the Nigerian Content Intervention Fund (NCIF) who have refused to comply with the repayment terms of the NCIF to…

OIL AND GAS

NNPC Sustains Power Sector With Gas Supply – Baru

OrientEnergyReview Jul 1, 2019 0

...NNPC produces compendium on its activities and achievements Chibisi Ohakah, Abuja The Outgoing Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has said that the apex oil…

Ghana Report

Ghana’s Oil And Gas Management Accused Of Insufficient Transparency

OrientEnergyReview Jul 1, 2019 0

Chibisi Ohakah, Abuja A study by a group, IMANI Africa, has revealed that there is insufficient transparency in the upstream contracting process for natural gas in Ghana as required by international best practices. IMANI Center for…

EXPLORATION AND PRODUCTION

Ghana’s First Oil Licensing Round: Ministry Of Energy Publishes Final Bidders’ List

OrientEnergyReview Jun 28, 2019 0

Peace Obi Ghana’s first oil and gas exploration licensing round which started in October last year is nearing conclusion as the country’s Ministry of Energy on Thursday published the final bidders’ list for the available oil blocks. …

Local Content

Nigerian Companies To Export Services To Uganda

OrientEnergyReview Jun 28, 2019 0

Peace ObiAs the largest oil and gas country in Africa, with the most up to date technology, services, thought leadership and best practices, outward-looking Nigerian companies have identified Uganda as the latest frontier market to invest…

EXPLORATION AND PRODUCTION

Chinese Firms Crave For E/Guinea Energy Assets Ahead Of Beijing Roadshow Crave

OrientEnergyReview Jun 27, 2019 0

Chibisi Ohakah, Abuja Equatorial Guinea Ronda Licensing Round Roadshow 2019 slated for Beijing will be showcasing the 27 oil & gas blocks on offer under the country’s 2019 oil & gas licensing round. Reports say that Equatorial…

OIL AND GAS

Sahara Group Calls For More Investment in Africa’s E&P Sector

OrientEnergyReview Jun 26, 2019 0

By Chibisi Ohakah, Abuja It has been predicted that Africa’s oil and gas consumption will increase by 45%, enhancing its global share 5.1% by 2050. An expert has therefore spoken of the need to intensify exploration efforts to guarantee…

PRESS RELEASE

Ampelmann Passes 10,000 Safe People Transfers For MPN In Nigeria

OrientEnergyReview Jun 26, 2019 0

Ampelmann, the Netherlands-based offshore access provider, has passed a new milestone: more than 10,000 safe personnel transfers for Mobil Production Nigeria (MPN), the local entity of ExxonMobil. The A-type system was…

OIL AND GAS

Buhari Appoints Thomas John As Alternate Chairman NNPC Board

OrientEnergyReview Jun 26, 2019 0

Chibisi Ohakah, Abuja President Muhammadu Buhari has appointed Dr. Thomas Maurice Asuquo John as acting alternate chairman of the Nigerian National Petroleum Corporation governing board. Dr. John, a former group managing…

COMMUNITY REPORTS

Aiteo, Bayelsa Communities Face-Off: Court Declines To Halt Renewal Of OML 29 Lease

OrientEnergyReview Jun 25, 2019 0

By Kenechukwu Obiajuru, Yenagoa The Federal High Court sitting in Yenagoa on Monday declined an application to halt the renewal of Oil Mining Lease (OML) 29 pending the determination of an pending suit by Nembe communities in Bayelsa. …

POWER UPDATES

AfDB Receives €40m From European Commission For SME Financing In Africa

OrientEnergyReview Jun 25, 2019 0

Chibisi Ohakah, Abuja Bank (AfDB) has announced a EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI), a new platform for financing small-scale renewables in Africa. The announcement was…

EVENTS

ADIPEC 2019 Awards: Call For Entries

OrientEnergyReview Jun 24, 2019 0

...As ADIPEC recognises innovation in transforming world’s oil and gas industry To inspire and influence the workforce of the future, the organisers of the 9th edition of the Abu Dhabi International Petroleum Exhibition…

Maritime

FG’s Commitment To Building More Seaports Disclosed

OrientEnergyReview Jun 23, 2019 0

Vice President Yemi Osinbajo on Saturday said that the Federal Government was committed to building more seaports across the country to decongest the gridlock in and out of the Apapa ports. Osinbajo made this known in an interview with…

OIL AND GAS

LADAN Bows Out Of DPR, Hands Over To Shakur

OrientEnergyReview Jun 22, 2019 0

Peace Obi The Department of Petroleum Resources has announced the retirement of Mr Mordecai Ladan as the Director of Petroleum Resources following the expiration of his tenure (2015-2019). The agency in a statement said…

OIL AND GAS

NLNG To Take FID On Train 7 In October

OrientEnergyReview Jun 21, 2019 0

The Nigerian Liquefied Natural Gas Limited revealed its readiness to finally commence work on the long-awaited Project 7 when it announced that the Final Decision on the project will be taken in October this year. Managing Director,…

POWER UPDATES

AfDB Adds To Energy Sector Grant For Comoros

OrientEnergyReview Jun 21, 2019 0

The African Development Bank (AfDB) has provided additional financing of €8.63 million to Comoros for the implementation of the Electricity Sector Support Project. The amount is in addition to the one initially approved by the AfDB in…

Local Content

NCDMB Signs Stakeholder Agreement In Azikel 12000bpd Modular Refinery

OrientEnergyReview Jun 20, 2019 0

Peace Obi The Nigerian Content Development and Monitoring Board (NCDMB) said that it has acquired equity in the 12,000barrels per day Azikel Hydroskimming Modular refinery being constructed by Azikel Petroleum Limited at Obunagha,…

OIL AND GAS

Buhari Appoints New GMD For NNPC, Seven Chief Operating Officers

OrientEnergyReview Jun 20, 2019 0

President Muhammadu Buhari has appointed Mr Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation, bringing to an end the tenure of Maikanti Baru, as the oil firm’s boss. NNPC’s Group General…

EXPLORATION AND PRODUCTION

How Insecurity Stalled Oil Search In Chad Basin

OrientEnergyReview Jun 20, 2019 0

...NNPC boss confirms plan for an Institute of Petroleum Studies in Bauchi Chibisi Ohakah, Abuja The federal government has expressed frustrations on how the insecurity in the north east part of the country stalled the orchestrated…

Social Investment

N/Delta: We Have Empowered Over 6,659 Entrepreneurs In Bayelsa, Delta – SPDC

OrientEnergyReview Jun 20, 2019 0

Kenechukwu Obiajuru, Yenagoa Shell Petroleum Development Company (SPDC) says it has empowered over 6,659 entrepreneurs from its gas fields in Bayelsa and Delta from 2003 till date. The General Manager, External Relations…

EXPLORATION AND PRODUCTION

Addax Petroleum Signs Long-Term Deal For Yinson FPSO

OrientEnergyReview Jun 20, 2019 0

Chibisi Ohakah, Abuja with agency reports Addax Petroleum Development Nigeria has signed a long term contract with Malaysian FPSO provider, Yinson. The contract, which came after months of negotiations and short term contract…

OIL AND GAS

Otedola Completes Divestment from Forte Oil

OrientEnergyReview Jun 19, 2019 0

Billionaire oil magnate, Femi Otedola, on Wednesday announced the completion of his divestment plans from Forte Oil. Otedola in a message posted on his Instagram page said he has divested from the business and will now…

OIL AND GAS

Nigeria Daily Oil Production Hits 2.3 mbpd – NNPC GMD

OrientEnergyReview Jun 19, 2019 0

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, says the country’s daily oil production is currently 2.32million barrel per day. Mr Baru disclosed this on Tuesday when a delegation of the…

OIL AND GAS

Group Expresses Safety Concern Over First E&P Operations at OML 85 & 86 in Bayelsa

OrientEnergyReview Jun 19, 2019 0

Kenechukwu Obiajuru, Yenagoa A Niger Delta group known as Ifalbobou Revolutionary Movement, (IRM) has expressed concerns over operations of First Exploration and Petroleum Development Company, (First E&P) within the…

COMMUNITY REPORTS

Army 6 Division Kills Cultist, Oil Theft Kingpin in Ogoni Community

OrientEnergyReview Jun 19, 2019 0

Amaechi Okonkwo, Port Harcourt The 6 Division of the Nigerian Army, Port Harcourt has announced the killing of a notorious cultist and illegal oil bunkering kingpin, Korobe Menele Loveday who has been on the wanted list of the security…

COMMUNITY REPORTS

Social Action Queries HYPREP on Framework for Ogoni Clean Up

OrientEnergyReview Jun 19, 2019 0

Amaechi Okonkwo, Port Harcourt The Social Development Integrated Centre (Social Action, Nigeria) has raised a three-point query to the Hydrocarbon Pollution Remediation Project, HYPREP demanding the Ogoni Clean-up implementation…

OIL AND GAS

NPDC, Elland Commence 5-Well Drilling Campaign of OML 40

OrientEnergyReview Jun 19, 2019 0

Chibisi Ohakah, Abuja Nigerian Petroleum Development Company (NPDC) and Eland Oil & Gas, an upstream oil and natural gas exploration company, are set to commence a five-well drilling campaign of OML 40 onshore the Niger Delta. …

OIL AND GAS

NNPC’s Subsidiary, NETCO, posts N6.758bn profit

OrientEnergyReview Jun 19, 2019 0

Chibisi Ohakah, Abuja National Engineering and Technical Company of Nigeria (NETCO), the engineering subsidiary of the Nigerian National Petroleum Corporation (NNPC), yesterday posted a profit before tax of N6.75 billion for the year…

OIL AND GAS

Price of petroleum products decline in May – NBS report

OrientEnergyReview Jun 19, 2019 0

…cooking gas declines by 1.7% Chibisi Ohakah, Abuja Nigerian Bureau of Statistics (NBS) has announced significant declines in the prices of petroleum products nationwide in the month of May 2019, noting the crash of cooking gas by…

OIL AND GAS

Kachikwu Promises Better Deal For African Petroleum Producers

OrientEnergyReview Apr 11, 2019 0

Nigeria’s Minister of State for Petroleum Resources,Dr. Ibe Kachikwu has promised to reposition the African Petroleum Producers’ Organization(APPO) as a global force to reckon with. Kachikwu, who was last week re-elected as the President…

NEWS

Oil Rallies Despite Large Crude Build

OrientEnergyReview Apr 11, 2019 0

Crude oil prices brushed off the Energy Information Administration inventory report today, which saw a 7-million-barrel build in crude oil inventories for the week to April 5. The authority also reported a reduction in gasoline…

OIL AND GAS

Total, Exxon Move Step Closer To $13B Papua LNG Project

OrientEnergyReview Apr 11, 2019 0

ExxonMobil, France’s Total, and Australia’s Oil Search have signed a gas agreement with Papua New Guinea, outlining the fiscal terms for a new liquefied natural gas (LNG) project in the Pacific island, estimated to cost US$13 billion and…

OIL AND GAS

Chevron companies, others donate education, health facilities to schools, hospitals

OrientEnergyReview Apr 11, 2019 0

Two Chevron companies, Texaco Nigeria Outer Shelf Ltd (TNOS) and Star Deepwater Petroleum Ltd, and their partner and parties in the OML 132 and Agbami field respectively, have donated a hybrid library, two science laboratories to schools…

Local Content

Over 1000 delegates attend NOGOF 2019

OrientEnergyReview Apr 11, 2019 0

NOGOF 2019 Over 1000 delegates including the Governor of Bayelsa State, Hon Seriake Dickson; Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu; Managing Director of Shell Petroleum Development Company (SPDC), Mr Osagie…

Alternative Energy

Electrification Powered by Renewables Key for a Climate-Safe Future

OrientEnergyReview Apr 11, 2019 0

A new report by IRENA charts pathways to further accelerate energy transformation which meets climate objectives while creating jobs and fostering economic growth As the urgency to take bold climate action grows, new analysis by the…

OIL AND GAS

Asian demand strengthens Nigerian oil exports

OrientEnergyReview Apr 11, 2019 0

Chibisi Ohakah with Agency reports Comparable grades of Nigerian oil has been largely swept away and put under pressure in Europe by the rising tide of light U.S. shale oil from American shores. However, steady Indian and Indonesian demand…

Local Content

NCDMB, stakeholders set to finalise Nigerian Content Ministerial Regulations draft

OrientEnergyReview Apr 11, 2019 0

By Elizabeth Uwandu The Nigerian Content Development and Monitoring Board (NCDMB) and stakeholders in the oil and gas industry have set plans to finalise the draft of Nigerian Content Ministerial Regulations. At a forum that held recently…

OIL AND GAS

How beneficial is rise in oil price to Nigeria?

OrientEnergyReview Apr 11, 2019 0

Pita Ochai As oil price return to $70/bbl, exporting countries are on the jubilation side. Production cuts by the Organisation of Petroleum Exporting Countries, OPEC, and its partners, a coalition that pumps about half of the world’s oil,…

EXPLORATION AND PRODUCTION

Dietsmann Group leads in Smart Operation & Maintenance, launches start-ups for ‘Maintenance of…

OrientEnergyReview Apr 11, 2019 0

Peace Obi A leading independent Operation, Maintenance, Engineering & Inspection specialist for the continuous-production plant in the oil & gas both for conventional and nuclear power generation and mining industries, Dietsmann…

Uncategorised

NNPC Commends Oilserv on on-going East-West Gas Pipeline Project

OrientEnergyReview Apr 11, 2019 0

Peace Obi Oilserv Limited, a leading Engineering, Procurement, Construction, Installation and Commissioning Company in Nigeria has been commended by the management of the Nigerian National Petroleum Corporation (NNPC) for its role in the…

OIL AND GAS

OPEC daily basket price Monday, 8 April 2019

OrientEnergyReview Apr 11, 2019 0

The price of OPEC basket of fourteen crudes stood at $70.33 a barrel on Monday, compared with $69.02 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following:…

OIL AND GAS

OPEC commends Nigeria, others for contributing towards oil market rebalancing

OrientEnergyReview Apr 10, 2019 0

Peace Obi The Organization of Petroleum Exporting Countries, OPEC has commended the effort Nigeria and some other African countries have put up helping to stabilize prices in the global oil market by sticking to the Organisation’s…

OIL AND GAS

PIB may be signed into law in June – Kachikwu

OrientEnergyReview Apr 9, 2019 0

…denies rumours of NNPC, refinery sale Chibisi Ohakah, Abuja There are indications that the orchestrated Petroleum Industry Bill (PIB) may be assented to by President Muhammadu Buhari before the end of June 2019, when the 9th National…

OIL AND GAS

Nigerian government, agencies get $6.397bn revenue from Shell

OrientEnergyReview Apr 8, 2019 0

Peace Obi In its commitment to transparency as part of the company’s core values and principles, Shell exploration and production companies in Nigeria comprising The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Shell…

Local Content

NOGOF 2019: Shell Emerges Nigeria’s Most Impactful Local Content Company

OrientEnergyReview Apr 8, 2019 0

Shell Companies in Nigeria have emerged the International Oil Company with the most impactful Local Content Initiatives in the upstream category at the 2019 edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF) held in Yenagoa,…

NEWS

Renewable energy now accounts for a third of global power – Report

OrientEnergyReview Apr 6, 2019 0

The decade-long trend of strong growth in renewable energy capacity continued last year with global additions of 171 gigawatts (GW), according to new data released by the International Renewable Energy Agency (IRENA). The annual increase of…

NEWS

NCDMB launches compendium of NC opportunities in O&G with project worth of $51bn

OrientEnergyReview Apr 6, 2019 0

Peace Obi The Nigerian Content Development and Monitoring Board, NCDMB on Friday in Yenagoa launched a 130-page Compendium of Nigerian Content Opportunities in the oil and gas industry, 2019 as part of the events marking the 2019 Nigerian…

Local Content

NOGOF 2019: Take advantage of $100bn new projects in O&G, Wabote tells indigenous firms

OrientEnergyReview Apr 5, 2019 0

Peace Obi and Kenechukwu Obiajuru, Yenagoa. The Executive Secretary, Nigeria Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote on Thursday advised indigenous companies to position themselves to take advantage…

NEWS

Exxon Mobil not exiting Nigeria – Kachikwu

OrientEnergyReview Apr 4, 2019 0

Kenechukwu Obiajuru, Yenagoa The Minister of State for Petroleum, Dr Emmanuel Ibe Kachikwu has denied the knowledge about any plan by Exxon Mobil, operators of Mobil Producing Nigeria unlimited to stop operation in the country.…

OIL AND GAS

NNPC announces new gas flare regime to benefit host communities

OrientEnergyReview Apr 4, 2019 0

…call for partnership with HOSTCOM on pipeline vandalism, crude oil theft Chibisi Ohakah, Abuja The Nigerian National Petroleum Corporation (NNPC) has announced the introduction of a new gas flare regime for every new project…

OIL AND GAS

Where to invest in Nigeria’s oil and gas industry – The Daily Consulting

OrientEnergyReview Apr 4, 2019 0

The Daily Consulting has released an authoritative Report - Where to invest in Nigeria’s oil and gas industry - targeted at guiding investors, potential investors, financiers, consultants, contractors, advisers, policy makers and other…

COMMUNITY REPORTS

Oil Theft: JTF, surveillance contractors intensify crackdown on vessels

OrientEnergyReview Apr 4, 2019 0

Kenechukwu Obiajuru, Yenagoa A joint operation by troops of the joint military force deployed to protect oil facilities in the Niger Delta has confiscated a thug boat 'Aya Oba Olori II and a barge Christened 'Rampage 13' laden…

OIL AND GAS

Oando shops for new capital to escape liquidation

OrientEnergyReview Apr 4, 2019 0

Chibisi Ohakah, Abuja Oando, a Nigerian oil company, has announced plans to raise fresh capital over the next two years. Although the mode of raising the new capital is not stated yet, the new capital will enable the company to offset…

OIL AND GAS

ExxonMobil divests from Nigeria

OrientEnergyReview Apr 3, 2019 0

…puts on sale oil and gas fields worth $3bn Chibisi Ohakah, Abuja The oil and gas industry in Nigeria was rattled yesterday as world largest oil exploration company by market value, ExxonMobil, confirmed its divesting from Nigeria.…

COMMUNITY REPORTS

Bayelsa State starts inquiry into human, environmental impact of oil spills

OrientEnergyReview Apr 2, 2019 0

Pita Ochai Bayelsa, Nigerian’s oil-rich state, is set to tackle multinational oil companies operating in the region who have polluted its environment through oil spills. The state government recently started an inquiry into the human and…

OIL AND GAS

FG set to harmonise oil, gas revenue

OrientEnergyReview Apr 2, 2019 0

Pita Ochai The Federal Government of Nigeria is set to harmonise oil and gas revenue and production of data of earnings from all sectors of the economy. To achieve this, the government through the Ministry of Petroleum Resources has set up…

POWER UPDATES

Ikeja Electric sets up panel to tackle disputed bills

OrientEnergyReview Apr 2, 2019 0

Pita Ochai In an effort to mitigate customers’ complaints arising from estimated billing, Ikeja Electric has set up a “Bill Dispute Resolution Panel” (BDRP) across its Undertaking offices to help expedite cases of disputed bills. The…

Maritime

Security at Ports improves by over 68% – NIMASA

OrientEnergyReview Apr 2, 2019 0

Pita Ochai The Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed a recent improvement in security situation at the ports in the country. The Director General of the agency, Dr Dakuku Peterside, who made this known…

OIL AND GAS

Oil and gas group harps on need for urgent passage PIGB

OrientEnergyReview Apr 2, 2019 0

Pita Ochai The Nigeria Natural Resource Chartered (NNRC) has raised the need for urgent passage of the Petroleum Industry Governance Bill (PIGB). The NNRC is a global initiative designed to help governments and societies effectively…

OIL AND GAS

NNPC to partner major oil marketers on stable fuel supply

OrientEnergyReview Apr 1, 2019 0

The Nigerian National Petroleum Corporation, NNPC, Sunday, said it will continue to strengthen its partnership with Major Marketers Association of Nigeria, MOMAN, to ensure a seamless supply of petroleum products across the country. In a…

POWER UPDATES

EKEDC apprehends impersonator, hands over to law enforcement agents

OrientEnergyReview Apr 1, 2019 0

Eko Electricity Distribution Company (EKEDC) says it has apprehended one Durojaiye John Tope for extortion of money from unsuspecting energy consumers and posing as a staff of the company. The General Manager, Corporate…

POWER UPDATES

Three staff of IBEDC arraigned for setting office ablaze

OrientEnergyReview Mar 28, 2019 0

By Ngozi Egenuka Three staff of Ibadan Electricity Distribution Company (IBEDC) on Wednesday appeared before an Osogbo Magistrates’ Court for allegedly setting ablaze the IBEDC office in Ilesa. The defendants who also assaulted some…

POWER UPDATES

Elumelu’s Transcorp approves $2.5b for Nigeria’s power sector

OrientEnergyReview Mar 28, 2019 0

By Ngozi Egenuka Nigerian business mogul has approved to invest as much as $2.5 billion in power projects across Nigeria. The chairman of United Bank for Africa Plc and Transnational Corporation of Nigeria Plc will…

PRESS RELEASE

South Sudan’s Ministry of Petroleum Encourages Refiners and Traders to Take Part in Upcoming Crude…

OrientEnergyReview Mar 28, 2019 0

The minister also said that South Sudan would sell its crude via a competitive and transparent tender process for spot and term buyers JUBA, South Sudan, March 20, 2019/ -- South Sudan’s Minister of Petroleum Ambassador Ezekiel Lol…

OIL AND GAS

Nigerian Refinery becomes 1st in Africa to get ISO certification

OrientEnergyReview Mar 27, 2019 0

…As Baru calls for sustained quality management system By Elizabeth Uwandu Port Harcourt Refining Company (PHRC) Limited, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has bagged the International…

Local Content

Project 100 office hub to drive supplier development programmes – Wabote

OrientEnergyReview Mar 26, 2019 0

The Executive Secretary, Nigerian Content Development and Monitoring Board, NCDMB Engr. Simbi Wabote, has said that the members of the recently inaugurated Project Management Office (PMO) of the Project 100 were carefully selected in view…

Maritime

Stakeholders proffer solutions for effective utilisation of Eastern ports

OrientEnergyReview Mar 26, 2019 0

...call for an integrated Master Plan for the transport sector By Elizabeth Uwandu Stakeholders at strategic group meeting organized by the Nigerian Chambers of Shipping in Lagos have called for the revitalization of the Eastern ports…

OIL AND GAS

FG commences first phase PH Refinery’s rehabilitation

OrientEnergyReview Mar 26, 2019 0

Chibisi Ohakah, Abuja Nineteen years after the last Turn Around Maintenance (TAM) exercise of the nation’s premier refining plant, the Nigerian National Petroleum Corporation (NNPC) has commenced the first phase of the rehabilitation of…

NEWS

International Women’s Day: Sahara makes case for girl-child education

OrientEnergyReview Mar 25, 2019 0

Peace Obi The Managing Director of Asharami Energy, a Sahara Group Upstream Company, Olajumoke Ajayi has urged regional and global stakeholders to invest in the education of women to ensure they are empowered to take on the critical role…

OIL AND GAS

Investments in oil industry on a gradual rebound – Barkindo

OrientEnergyReview Mar 25, 2019 0

The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said. Barkindo was talking to Reuters and an Azeri TV station Real…

OIL AND GAS

NNPC issues directives on 2019-2020 crude-for-crude swap tender

OrientEnergyReview Mar 25, 2019 0

The Nigerian National Petroleum Corporation, NNPC, has issued its 2019 -2020 crude-for-product swap tender. According to the state-owned oil company through its official Twitter account, the tender will close on May 2 at noon. The…

POWER UPDATES

Nigeria’s power sector loses N108bn revenue in 3 months

OrientEnergyReview Mar 25, 2019 0

Nigeria’s power sector has lost N108.652 billion revenue between January and March due to various constraints, representing an increase of about N10.924 billion or 11.17 per cent from the revenue lost during the same period in…

POWER UPDATES

NAPTIN commences training of 600 TCN engineers

OrientEnergyReview Mar 25, 2019 0

The National Power Training Institute of Nigeria (NAPTIN) has commenced the training of 600 engineers of the Transmission Company of Nigeria (TCN), under the joint collaboration between NAPTIN and TCN. The training of…

NEWS

Oilserv Group commissions new office complex

OrientEnergyReview Mar 23, 2019 0

The Oilserv Group commissioned a new corporate office complex sited in the premises of the registered base in Port Harcourt, Rivers State, Nigeria. The magnificent edifice, which was officially commissioned for business by Rev. Timothy…

POWER UPDATES

UNN uses organic waste to install 100KVA Refuse Driven Fuel on campus

OrientEnergyReview Mar 22, 2019 0

As part efforts to ensure stable power supply within the campus through other sources, the University of Nigeria Nsukka (UNN) has set the record of electricity generation by using organic waste to install 100KVA Refuse Driven Fuel (RDF)…

Maritime

Cabotage Implementation: NIMASA, Stakeholders move to achieve five-year waiver cessation plan

OrientEnergyReview Mar 22, 2019 0

Pita Ochai As part of efforts to actualise the full implementation of the Cabotage Act, 2003, which aims to promote indigenous participation in shipping in Nigeria, the Nigerian Maritime Administration and Safety Agency (NIMASA)…

OIL AND GAS

Kolmani River-II Well drilling hits 6,700ft from 14,200ft target

OrientEnergyReview Mar 20, 2019 0

Chibisi Ohakah, Abuja Drilling activities at Kolmani River-II Well in Gongola Basin, Upper Benue Trough, has reached 6, 700 feet. The Gongola Basin is one of the six basins that President Buhari mandated the Nigerian National…

OIL AND GAS

OGTAN in Collaboration with NCDMB holds annual conference

OrientEnergyReview Mar 19, 2019 0

Peace Obi The Oil and Gas Trainers Association of Nigeria (OGTAN), recognizes the link between the quality of a nation’s workforce and its economic growth, against this backdrop, the Association in collaboration with the Nigerian Content…

EVENTS

Angola Oil & Gas 2019 Conference & Exhibition, launch pad for new investments

OrientEnergyReview Mar 19, 2019 0

…Angola Government set to establish new Investment Program Peace Obi The Angola Oil & Gas 2019 Conference & Exhibition has been described as a critical launch pad for the Angola Government’s ambitious efforts to transform her…

NEWS

APPO welcomes Africa’s new oil nations at Cape VII Congress

OrientEnergyReview Mar 19, 2019 0

...Kachikwu to present group’s foundational reforms Chibisi Ohakah, Abuja New oil and gas discoveries throughout Africa, from Mozambique and Namibia to Senegal and Mauritania, are believed to be sparking fresh interests…

OIL AND GAS

Petroleum ministry clears air, OML 11 licence not revoked

OrientEnergyReview Mar 19, 2019 0

...NPDC becomes operator to expedite Ogoni clean up Chibisi Ohakah, Abuja There were conflicting reports last weekend that the federal government has revoked the Oil Mining Lease 11 directly linked to the protracted…

OIL AND GAS

Regional integration will create jobs, solve energy challenges – Baru

OrientEnergyReview Mar 18, 2019 0

… As US pledges to support Africa’s energy agenda Chibisi Ohakah, Abuja The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called for more integration among countries within the…

NEWS

AfDB to double its climate finance to US$ 25 billion for 2020-2025

OrientEnergyReview Mar 18, 2019 0

Peace Obi The African Development Bank, AfDB has pledged to double its climate finance commitments for the period 2020-2025. The Bank’s President, Akinwumi A. Adesina disclosed the bank's intention at the One Planet Summit that took…

OIL AND GAS

NNPC records 257 or 34% increase in pipeline breaches nationwide

OrientEnergyReview Mar 18, 2019 0

...posts ₦12.13bn trading surplus Chibisi Ohakah, Abuja The Nigerian National Petroleum Corporation, NNPC has confirmed that it recorded 34% increase in pipeline breaches nationwide as at last December. Within the period, 257…

Maritime

How NIMASA, NLNG saved MV ORC4 vessel from sinking

OrientEnergyReview Mar 18, 2019 0

By Peace Obi & Elizabeth Uwandu Nigerian Maritime Administration and Safety Agency, NIMASA has stated its rescue operation with assistance from Nigerian Liquified and Natural Gas, NLNG saved the alleged distressed vessel; MV ORC4 from…

OIL AND GAS

Baru welcomes foreign investors to Nigeria’s untapped ultra-deep terrain

OrientEnergyReview Mar 16, 2019 0

… Reveals 41bn barrels of crude oil, 319 cubic ft gas yet untouched By Chibisi Ohakah, Abuja The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has called on foreign investors to explore…

OIL AND GAS

Chevron signs gas sale, aggregation with Dangote Fertilizer

OrientEnergyReview Mar 15, 2019 0

Peace Obi The Nigerian National Petroleum Corporation, NNPC and Chevron Nigeria Limited, CNL have signed a Gas Sale and Aggregation Agreement (GSAA) with Dangote Fertilizer Limited (DFL) and Gas Aggregation…

OIL AND GAS

Seplat releases financial result, depicts brighter future

OrientEnergyReview Mar 15, 2019 0

Ngozi Egenuka Seplat has released its 2018 financial result and an operational update that predicts solid growth in years to come. The Chief Executive Officer (CEO), Seplat, Austin Avuru, commenting on the results said, “Seplat has…

OIL AND GAS

Italian court delays trial of Malabu oil deal suspect

OrientEnergyReview Mar 15, 2019 0

Pita Ochai The trial of Abubakar Aliyu, a principal suspect in the controversial Malabu oil scandal before a Milan court in Italy was delayed on Wednesday, March 13. Aliyu is alleged to have acted as a “middleman” for top officials of…

Maritime

We need more women in Maritime

OrientEnergyReview Mar 15, 2019 0

Elizabeth Uwandu The Controller of the Command, Apapa Area Command of the Nigeria Customs Service (NCS), Comptroller Bashir Abubakar, has called for more women participation in the maritime sector/ Controller Abubakar while praising the…

Maritime

Why FG should create incentives for indigenous ship owners – NIMASA DG

OrientEnergyReview Mar 15, 2019 0

Elizabeth Uwandu Dr Dakuku Peterside, Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), has stated that the body will continue its discussion with the federal government on the need to create…

POWER UPDATES

IBEDC upgrades services, urge customers to be civil in lodging complains

OrientEnergyReview Mar 14, 2019 0

Ngozi Egenuka The Ibadan Distribution Company (IBEDC) recently upgraded two distribution Substations at Awujale and GRA Distribution Substations in Ijebu-Ode Business Hub under Ogun region of its franchise areas. In view of this upgrade,…

POWER UPDATES

EEDC emerges best in safety rating for 2018

OrientEnergyReview Mar 14, 2019 0

Ngozi Egenuka The Nigerian Electricity Management Services Agency (NEMSA) has awarded Enugu Electricity Distribution Plc (EEDC) overall first position in the 2018 cumulative safety ranking. The Head of Communications, EEDC, Mr…

OIL AND GAS

8 months gone, $4.3bn NLNG Train 7 yet to take off

OrientEnergyReview Mar 14, 2019 0

Chibisi Ohakah, Abuja Confusion seems to have surrounded Train 7 of the Nigeria Liquefied Natural Gas (NLNG) resulting in an eight months take-off delay after the signing of the front end engineering design. Yet the NLNG says the…

NEWS

Chevron Reinforces its Commitment to Socio-Economic Development of Nigeria

OrientEnergyReview Mar 14, 2019 0

The Nigerian National Petroleum Corporation (“NNPC”) and Chevron Nigeria Limited (“CNL”) have signed a Gas Sale and Aggregation Agreement (“GSAA”) with Dangote Fertilizer Limited (“DFL”) and Gas Aggregation Company of Nigeria Limited…

EVENTS

2019 NOGOF holds in NCDMB’s New Headquarters April 4-5

OrientEnergyReview Mar 12, 2019 0

Nigerian Oil and Gas Opportunity Fair (NOGOF) another milestone achievement by the Nigerian Content Development and Monitoring Board, NCDMB to maximize investments into the Nigerian oil and gas industry for the benefit of the Nigerian…

PRESS RELEASE

SNEPCo’s performance excites partners

OrientEnergyReview Mar 12, 2019 0

…as company publishes its deep-water journey The government partner of the Shell Nigeria Exploration and Production Company (SNEPCo) has showered encomiums on the firm for its pioneering role in the deepwater sector of the Nigerian oil…

PRESS RELEASE

OrientEnergyReview Mar 12, 2019 0

120 Niger Delta entrepreneurs receive Shell Nigeria LiveWIRE grants Another 120 youth entrepreneurs from seven states of the Niger Delta have been given Shell Nigeria LiveWIRE business training and N48 million by The Shell Petroleum…

POWER UPDATES

European Union to launch €30 million sustainable energy investment fund in Nigeria

OrientEnergyReview Mar 12, 2019 0

Peace Obi The European Union (EU) has said that it would launch a 30 million Euro sustainable energy investment fund in Nigeria. This was disclosed by the former National Chairman, Nigerian Institute of Electrical and Electronics…

Local Content

2018 PNC ends with impressive NC achievements, call for more collaboration

OrientEnergyReview Mar 12, 2019 0

The 8th Practical Nigerian Content (PNC) Forum that held in Yenago, Bayelsa State ended on a high note with impressive records of landmark achievements by the Nigerian Content Development and Monitoring Board (NCDMB). This is in addition to…

INTERVIEWS

Back your support for women inclusiveness with policy statement, Zigma CEO tells Govt

OrientEnergyReview Mar 12, 2019 0

Funmi Ogbue is the Chief Executive Officer of Zigma Nigeria Limited with decades of work experience that is laced with an excellent career history of outstanding performance both as an employee and even currently as an employer of…

INTERVIEWS

The success story of International Energy Services Limited as narrated by DR DIRAN FAWIBE

OrientEnergyReview Mar 12, 2019 0

It is usually difficult to get a Chief Executive officer of a renowned oil and gas company to freely tell his own story in view of the peculiar nature of the business and the prevailing dearth of information and competitive tendencies in…

Local Content

NCDMB Celebrating Achievements with Deluge of Awards

OrientEnergyReview Mar 12, 2019 0

Nigerian Content Development and Monitoring Board (NCDMB) unique strategies in overseeing the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act has resulted in an ever-growing success story of improved…

POWER UPDATES

Gas shortage, others contribute N44.3bn power sector loss

OrientEnergyReview Mar 12, 2019 0

By Ngozi Egenuka with agency report The Nigerian privatised power sector, last month, lost a total of N44.38 billion revenue due to constraints which included shortage of gas, grid unreliability and distribution limitations. As a…

OIL AND GAS

Nigeria breaches OPEC oil quota despite pledge to cut production

OrientEnergyReview Mar 12, 2019 0

Chibisi Ohakah, Abuja Nigeria is believed to have pumped more crude oil in February than the quota allocated to the country by the Organisation of Petroleum Exporting Countries (OPEC). Last December, OPEC and 10 non-OPEC countries agreed…

OIL AND GAS

Multinational oil firms delay Ogoni clean up

OrientEnergyReview Mar 12, 2019 0

…Pay only $180m of the $1bn cleanup fund Chibisi Ohakah, Abuja International oil companies (IOCs) have been accused of holding up the orchestrated Ogoni Cleanup fund, having contributed just about $180 million (about N64.8 billion) of…

OIL AND GAS

FG loses $1.9bn to Shell shutdown of Trans Ramos pipeline

OrientEnergyReview Mar 12, 2019 0

Chibisi Ohakah, Abuja The Federal Government is believed to have lost over $1.9 billion from crude oil sale since the shutdown of the Trans-Ramos Pipeline eight months ago by Shell Petroleum Development Company. Shell announced last year…

PRESS RELEASE

APPO CAPE VII Conference: Equatorial Guinea President, APPO President, OPEC Secretary-General, other…

OrientEnergyReview Mar 10, 2019 0

Peace Obi Top oil and gas executives, African continent’s leading energy ministers as well as international policy leaders will on April 2-5, 2019 converge at Malabo, the capital city of Equatorial Guinea for the 7th African Petroleum…

NEWS

NEITI alert: FG loses $28bn due to non-review of 26yr-old PSCs

OrientEnergyReview Mar 9, 2019 0

Chibisi Ohakah, Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) has called for an urgent review of the Production Sharing Contracts, PSCs to stem the huge revenue losses to Nigeria, revealing that the country lost…

NEWS

80% of Contracts in Nigeria oil and gas industry goes to local contractors – Wabote

OrientEnergyReview Mar 9, 2019 0

...Despite delay in passage of PIGB, FIDs, investments still happen Peace Obi The Executive Secretary, Nigerian Content Development and Monitoring Board, Engr. Simbi Wabote has said that almost 80 per cent of the contracts in the…

NEWS

FG loses $1.9bn to Shell shutdown of Trans Ramos pipeline

OrientEnergyReview Mar 9, 2019 0

By Chibisi Ohakah The federal government is believed to have lost over $1.9 billion from crude oil sale since the shutdown of the Trans-Ramos Pipeline eight months ago by Shell Petroleum Development Company. Shell…

OIL AND GAS

NNPC boss accuses staff of deliberate violation of Procurement Act

OrientEnergyReview Mar 8, 2019 0

…vows to deal with staff engaging in contract splitting Chibisi Ohakah, Abuja The management of the Nigerian National Petroleum Corporation, NNPC has expressed worry at the corruption level in the Corporation’s procurement department.…

OIL AND GAS

NOSDRA begins investigation into explosion at Neme Creek Oilfields

OrientEnergyReview Mar 8, 2019 0

By Kenechukwu Obiajuru, Yenagoa. National Oil Spills Detection and Response Agency (NOSDRA) says it has commenced investigations into the possible cause of an explosion at Nembe Creek Oilfields within OML 29 operated by Aiteo Eastern…

OIL AND GAS

Aiteo is frustrating investigation into explosion at Neme Creek Oilfields – NOSDRA

OrientEnergyReview Mar 8, 2019 0

Kenechukwu Obiajuru, Yenagoa. National Oil Spills Detection and Response Agency (NOSDRA) has said that operator of Nembe Creek Oilfields within OML 29 is resisting its efforts to probe the cause of Friday’s explosion in Nembe. Mr…

OIL AND GAS

Security agencies trail fraudulent oil marketers, recover N771m forfeited assets

OrientEnergyReview Mar 8, 2019 0

Chibisi Ohakah, Abuja Security agencies are on the trail of oil marketers who had underpaid for petroleum products supplied to them from Petroleum Products Marketing Company (PPMC) Kaduna Depot, of which assets worth over N771million have…

NEWS

Equatorial Guinea to host AfDB’s 2019 Annual Meetings

OrientEnergyReview Mar 7, 2019 0

Peace Obi Equatorial Guinea readiness to host the 2019 Annual Meetings of the African Development has been confirmed. This was after the two parties signed a memorandum of understanding on the sidelines of regional consultative…

NEWS

AfDB’s NORMA project nets South Sudan 14.2 million non-oil revenue for first time

OrientEnergyReview Mar 7, 2019 0

Peace Obi South Sudan, an African country whose economy is heavily dependent on oil revenue has made a remarkable achievement in its effort to diversify her economy as the country earned about US$ 14.2 million in non-oil revenue for first…

Maritime

Customs ‘fast track scheme’: Defaulters to be delisted – Customs

OrientEnergyReview Mar 7, 2019 0

By Elizabeth Uwandu Importers who abused the compliance of the fast track scheme introduced by the Nigerian Customs Service, are set to be removed from the scheme. This is as Customs through its Public Relations Officer,…

OIL AND GAS

NNPC constructs new IPPs in Abuja, Kaduna and Kano

OrientEnergyReview Mar 6, 2019 0

...Targets additional 4,000megawatts to national grid By Chibisi Ohakah, Abuja Nigerian National Petroleum Corporation (NNPC) is building additional Independent Power Plants (IPP) in Abuja, Kaduna and Kano, expected to contribute about…

Maritime

Why CBN bar textile importers from accessing forex

OrientEnergyReview Mar 6, 2019 0

By Elizabet In a bid to promote local manufacturing, the Central Bank of Nigeria (CBN) has placed restrictions on the sale of foreign exchange to importers of textiles and other clothing materials. The CBN Governor, Godwin Emefiele,…

Maritime

NIMASA committed to developing blue economy

OrientEnergyReview Mar 5, 2019 0

...Charges Media on investigative journalism The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA),Dr. Dakuku Peterside, has reiterated that the Agency remains committed to growing the ideals of the…

POWER UPDATES

Good news as Enugu Disco set to improve power supply in South East

OrientEnergyReview Mar 5, 2019 0

By Ngozi Egenuka Electricity consumers in Awka, Anambra State and Owerri, Imo State will soon begin to enjoy improved power supply due to the level of investments the Enugu Electricity Distribution Plc (EEDC) has made towards…

POWER UPDATES

Nigeria’s power generation drops 3456MW, losing 1,108MW

OrientEnergyReview Mar 4, 2019 0

By Ngozi Egenuka with Agency Report Electricity generation in the country plunged to 3,456 megawatts on Tuesday, losing 1,108MW in seven days, according to the latest data. Total power generation dropped from 4,564.60MW as of…

OIL AND GAS

Aiteo confirms explosion at Nembe Creek oil export pipeline in Bayelsa

OrientEnergyReview Mar 4, 2019 0

By Kenechukwu Obiajuru, Yenagoa. Aiteo Exploration Ltd, operator of the 97-kilometre Nembe Creek Trunk Line (NCTL) has confirmed Friday’s explosion on the crude export pipeline. Aiteo officials said that the resulting fire from the…

OIL AND GAS

Oil sector dominates Illicit Financial Flows as FG loses $18bn annually

OrientEnergyReview Mar 2, 2019 0

Chibisi Ohakah Nigeria Extractive Industries Transparency Initiative (NEITI) has stunned economic observers with the report that the country loses between $15 and $18 billion every year to Illicit Financial Flows , of which…

Jobs

JOB Vacancy : Construction Supervisor- Civil

OrientEnergyReview Mar 1, 2019 0

JOB TITLE: Construction Supervisor- Civil LOCATION: BONNY The Job Execute construction (civil) activities of Plant or Infrastructure projects in the approved portfolio to agreed standards (Cost, Schedule, and Quality), ready to…

OIL AND GAS

UAE Minister of Energy, Industry Wins “International Oil Diplomacy Person of the Year 2018”

OrientEnergyReview Mar 1, 2019 0

Peace Obi The UAE Minister of Energy and Industry, H.E. Suhail Al Mazrouei, has won the International Oil Diplomacy Person of the Year 2018 award. The award was presented to Mazrouei in London today (Thursday) at the Energy Institute’s …

OIL AND GAS

Nigeria becomes largest importer of gasoline from China

OrientEnergyReview Feb 28, 2019 0

Chibisi Ohakah Nigeria became the largest of buyer of gasoline from China with 51,000 mt of gasoline imported from the Asian country in January 2019. While it is the first such export to any African country, latest data from General…

OIL AND GAS

Rising geopolitical tensions across the world, challenge to stable oil market – OPEC

OrientEnergyReview Feb 28, 2019 0

...Sets to propose a charter By Ngozi Egenuka and Elizabeth Uwandu As the tussle for balance in oil pricing and its stability continue, the Organisation of Petroleum Exporting Countries (OPEC) has lamented that…

OIL AND GAS

700 firms jostle for 178 gas flare sites in Niger Delta

OrientEnergyReview Feb 28, 2019 0

...as FG targets $3.5bn investments, annual GDP impact of N$1bn By Chibisi Ohakah Federal Ministry of Petroleum Resources has confirmed that over 700 firms have registered on the Nigerian Gas Flare Commercialization Programme…

Maritime

We need investors to manage Tin Can Island – NPA

OrientEnergyReview Feb 27, 2019 0

By Elizabeth Uwandu The burden of trailers packing indiscriminately on major roads would soon be over. This is as the management of Nigerian Port Authority is seeking private investors to manage trailer park at the Tin Can Island Port,…

Maritime

Our global focus is getting women involved in Maritime – Peterside

OrientEnergyReview Feb 27, 2019 0

By Elizabeth Uwandu In a bid to blur the gap of gender disparity in the Maritime sector, Director General, Nigerian Maritime Administration and Safety Agency, NIMASA has vowed to get more African women involved in the industry.…

Maritime

International Women’s Day: Ethiopian Airlines to fly all-women crew

OrientEnergyReview Feb 27, 2019 0

By Elizabeth Uwandu History will be made as Ethiopian Airlines, Africa’s largest Airline is set to operate an all-female crew flight on its Addis Ababa- Stockholm-Oslo route to mark the International Women’s Day (IWD) on March 8. The ET’s…

OIL AND GAS

Talent summit: Convert human resources to productive capital – Stakeholders told

OrientEnergyReview Feb 26, 2019 0

Peace Obi The organisers of the Africa Oil and Gas Talent have called on human resources experts, manpower development organisations and stakeholders in Nigeria’s oil and gas industry to gear up more effort towards transforming available…

POWER UPDATES

Mikano operations rooted in local content

OrientEnergyReview Feb 26, 2019 0

Peace Obi Mikano International Limited has reiterated its commitment to local content policy implementation, stating that the power generation company remains avid to government policies that benefit the economic growth and development…

PRESS RELEASE

Again, SA Energy Minister Jeff Radebe to present keynote address at African Utility Week, POWERGEN…

OrientEnergyReview Feb 26, 2019 0

...Mother City to welcome back 10 000+ energy and water professionals As part of the efforts at addressing the current landscape of water and energy projects all over the subcontinent, the organizers of African Utility Week and POWERGEN…

OIL AND GAS

Nigeria joins Saudi’s crave for cut in oil production

OrientEnergyReview Feb 25, 2019 0

Pita Ochai Nigerian government has expressed willingness to go along with Saudi Arabia in the initiative to limit oil output to push up prices in the global market. While receiving the Saudi Arabian minister of state for African Affairs…

OIL AND GAS

Nigeria’s oil may shake market price

OrientEnergyReview Feb 25, 2019 0

Pita Ochai Nigeria is about to ship the first cargo of crude oil from a new deposit about 90 mi off its coast. The 1 MMbbl consignments, which will head toward the Dutch port of Rotterdam, comes at a tricky moment for the country, given…

OIL AND GAS

$55m debt: Agip knows fate April 30

OrientEnergyReview Feb 25, 2019 0

.....FG demands payment with 21% interest from 2014 Oil giant, Agip will know its fate on April 30, in the case between the company and the federal government of Nigeria in a $55 million debt recovery suit filed…

NEWS

Violence, irregularities characterised 2019 general election

OrientEnergyReview Feb 24, 2019 0

Peace Obi Pockets of violence have been reported from the various polling units during the 2019 general election that held across the federation. Reports from different states like Lagos, Rivers, Delta, Abia, Ondo, Kogi, Bayelsa, among…

GHANA CONTENT CHECK

Ghana earns US$ 813.95 million from 2018 oil lifting

OrientEnergyReview Feb 23, 2019 0

In 2018, Ghana earned a total of US$ 813.95 million from crude oil exports representing lifting proceeds received into the Petroleum Holding Fund (PHF). This is according to Bank of Ghana’s (BoG’s) Petroleum Holding Fund and Ghana Petroleum…

POWER UPDATES

Ikeja DISCO threatens to withdraw services from hostile customers

OrientEnergyReview Feb 23, 2019 0

The Ikeja Electricity Distribution Company (DISCO) has threatened to withdraw its services from identified hostile customers and communities if the lingering spate of attacks and threats on their staff on lawful duty persist. The…

NEWS

Equatorial Guinea joins Extractive Industry Transparency Initiative

OrientEnergyReview Feb 23, 2019 0

By Ngozi Egenuka Equatorial Guinea has taken a decisive step towards joining the Extractive Industry Transparency Initiative (EITI) after a decade’s effort to be part of the organisation. Having initially applied for membership in 2008,…

GHANA CONTENT CHECK

ExxonMobil petroleum agreement laid in parliament

OrientEnergyReview Feb 23, 2019 0

A petroleum agreement between government, the Ghana National Petroleum Corporation (GNPC), ExxonMobil and GOIL Offshore, in respect of Deepwater Cape Three Points Block (DWCTP), has been presented to parliament by Minister for Energy, John…

OIL AND GAS

NNPC craves deeper collaboration between NSE and the oil industry

OrientEnergyReview Feb 23, 2019 0

…receives applause for championing cause of women engineers By Chibisi Ohakah The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Baru Maikanti has tasked the Nigerian Society of Engineers (NSE) to find…

NEWS

NIMASA, others accused of lacking commitment to maritime sector growth

OrientEnergyReview Feb 22, 2019 0

Stakeholders have accused the Nigerian Ports Authority, NPA, Nigerian Maritime Administration and Safety Agency, NIMASA, and the Nigerian Shippers’ Council, NSC, of lacking commitment to the growth of the maritime sector. They laid the…

NEWS

Petrol suppliers cut price to encourage Nigerians to travel to vote again

OrientEnergyReview Feb 22, 2019 0

Nigerian fuel suppliers have cut the price of petrol to encourage people to travel to vote in presidential elections this Saturday after the poll was delayed by a week, the information minister said on Wednesday. The electoral commission…

Maritime

‘Ghana Must Go’ pay back, as Ghana deports 723 Nigerians

OrientEnergyReview Feb 21, 2019 0

By Elizabeth Uwandu The government of Ghana has deported about 723 Nigerians over offences such as illegal stay, cybercrime and prostitution. However, Orient Energy Review Magazine gathered that Nigeria’s High Commissioner in Ghana,…

OIL AND GAS

4 Degrees Most Oil Companies Are Looking For

OrientEnergyReview Feb 20, 2019 0

Even with crude oil at a seven-year low in early December 2015, oil companies are still recruiting on college campuses and interviewing students with the fields of study most in demand. The wave of early…

OIL AND GAS

IPMAN denies slashing pump price

OrientEnergyReview Feb 19, 2019 0

By Elizabeth Uwandu Contrary to the news making round of the Independent Petroleum Marketers Association of Nigeria (IPMAN) slashing pump price from N145 to N140 to cushion the effect of the postponement of February 16…

EXPLORATION AND PRODUCTION

Nigeria & China to lead global refining industry – report

OrientEnergyReview Feb 19, 2019 0

By Chibisi Ohakah An expert report has predicted that Nigeria and China would become major contributors to the global refining industry capacity growth from planned and announced projects between 2019 and 2023. In a report…

EXPLORATION AND PRODUCTION

KCAD Awarded $110m land drilling contracts in Nigeria, Middle East, Russia

OrientEnergyReview Feb 19, 2019 0

By Ngozi Egenuka with Agency report Aberdeen based drilling contractor, KCA Deutag (KCAD), has announced that its land drilling operation has won new contracts and contract extensions worth approximately $110m. These contracts are for…

EXPLORATION AND PRODUCTION

GlobalData provides glimpse on Shell’s move on Bonga Southwest/Aparo deepwater

OrientEnergyReview Feb 19, 2019 0

Chibisi Ohakah An upstream oil and gas analyst with GlobalData, a leading data and analytics company, Cao Chai, has offered her view on the Bonga Southwest/Aparo deepwater project. This follows the news mid-February that Royal Dutch Shell…

POWER UPDATES

NERC orders 11 DisCos to complete customers’ survey in 42 days

OrientEnergyReview Feb 19, 2019 0

The Nigerian Electricity Regulatory Commission (NERC) has instructed all the power Distribution Companies (DisCos) in the country to complete the listing of their customers by March 31, 2019. Electricity consumers were also urged to…

Local Content

NCDMB to issue tender for NLNG Train 7 in April

OrientEnergyReview Feb 19, 2019 0

By Chibisi Ohakah Nigeria Liquefied Natural Gas Limited (NLNG) has issued a notice to release the Invitation to Tender (ITT) for the NLNG Train 7 project in April this year. The Executive Secretary of the Nigerian Content Development and…

NEWS

FG slashes fuel price by N5 to cushion effect of election postponement

OrientEnergyReview Feb 18, 2019 0

By Elizabeth Uwandu The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members nationwide to reduce petroleum pump price from N145 per litre to N140. The directive according to IPMAN National…

NEWS

Customs officers kill traveller over N5,000

OrientEnergyReview Feb 18, 2019 0

...NCS claims victim was officers' friend ...As Nigerians blame Customs over extrajudicial killings By Elizabeth Uwandu A young man yesterday lost his life in an altercation that ensued between Nigeria Customs Service, NCS and…

NEWS

Nigeria Customs gets forensic kits to detect illegal wildlife trade

OrientEnergyReview Feb 18, 2019 0

By Elizabeth Uwandu As part of the efforts to fight illegal trafficking of wildlife trade in the country, the Minister of Environment, Suleiman Zarma has handed over six forensic toolkits to Nigeria Customs Service, NCS. In a statement…

Uncategorised

INEC postpones Nigeria’s general election to February 23

OrientEnergyReview Feb 16, 2019 0

Peace Obi The 2019 general elections originally schedule for today, Saturday February 16 has been shifted to February 23, 2019, the Independent National Electoral Commission has said. The INEC Chairman, Professor Mahmood Yakubu who…

NEWS

If Buhari wins, we will go back to creeks, disrupts economy – Niger Delta Avengers

OrientEnergyReview Feb 16, 2019 0

By Elizabeth Uwandu Going by the threat of Niger Delta Avengers to allegedly cause mayhem if President Muhammad Buhari re-election bid succeed in tomorrow's election, Nigeria may need to be vigilant. Niger Delta Avengers, a…

Maritime

Nigeria: Upcoming elections decelerate activities in maritime industry

OrientEnergyReview Feb 15, 2019 0

Nigeria’s upcoming general elections have slowed down activities in the country’s maritime industry, as key government parastatals and agencies in the sector are headed by politicians. A group, known as Masters Mariners Association, MMA,…

OIL AND GAS

Total’s Startupper Challenge energising young entrepreneurs’ ideas

OrientEnergyReview Feb 14, 2019 0

Pita Ochai After the jury of local experts selected the winners of the 2018-2019 Startupper of the Year by Total Challenge in Nigeria, they were presented with their awards at an official ceremony held on February 13 at…

OIL AND GAS

Nigerians enjoy least benefit from Oil PSC in the World – NNRC

OrientEnergyReview Feb 14, 2019 0

...As Obsolete oil, gas laws leads to loss of $18 billion Pita Ochai The Nigeria Natural Resource Charter (NNRC) has revealed that Nigeria has lost an estimation of $18 billion to obsolete oil and gas laws she has kept. That Nigerians…

OIL AND GAS

Oil supply to swamp demand in 2019 despite output cuts – IEA

OrientEnergyReview Feb 14, 2019 0

Pita Ochai The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC even with the group’s production cuts and U.S. sanctions on Venezuela and Iran, the International Energy Agency said in a…

OIL AND GAS

Shell, NNPC open Bidding for $10bn Bonga South West project

OrientEnergyReview Feb 13, 2019 0

Peace Obi The Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) have invited prospective bidders to submit their tender for the execution of $10 billion Bonga South West/Aparo…

OIL AND GAS

Nigeria to seek technical assistance from India on refineries repair.

OrientEnergyReview Feb 13, 2019 0

The Nigerian National Petroleum Corporation, NNPC has indicated that Nigeria would need India's technical assistance in the repairs of the country's refineries. The Group Managing Director of NNPC, Dr Maiktanti Baru disclosed…

COMMUNITY REPORTS

Ibafo Women’s threat to bare their breast to IBEDC results to improved power supply to…

OrientEnergyReview Feb 13, 2019 1

Peace Obi Residents of Ibafo community in Ogun State are suddenly witnessing improved power supply in the area after their women threatened to bare their breast to the management of Ibadan Distribution Company in protest for the Disco's…

OIL AND GAS

FG adopts crude oil tracker, recovers N1.2tln in royalty arrears

OrientEnergyReview Feb 13, 2019 0

Chibisi Ohakah The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that the newly adopted Crude Oil Liquefied Natural Gas Tracker (COLT) has already yielded results with the recovery of about N1.2 trillion in royalty…

Uncategorised

N904bn funding gap threatens vessels acquisition by Nigerian shipowners

OrientEnergyReview Feb 13, 2019 0

The Nigerian shipowners will need an additional N904 billion to the N36 billion accrued in the Cabotage Vessels Financing Fund (CVFF) to acquire vessels needed for the maritime industry in the next four years, a report has shown. This…

Maritime

Why we cancel Cabotage waivers – NIMASA

OrientEnergyReview Feb 13, 2019 0

...insist on prosecution of defaulters By Elizabeth Uwandu The need to encourage more Nigerians in the Maritime sector, and to regularise unauthorised operation in the country's territorial waters formed the directive to clamp down…

OIL AND GAS

Chevron 2012 rig explosion: Koluama youths seek out of court resolution of conflict

OrientEnergyReview Feb 12, 2019 0

Kenechukwu Obiajuru, Yenagoa. Seven years after a gas explosion at Chevron’s oilfield off Bayelsa coastline, youths from Koluama have proposed an out of court settlement of conflicts caused by the incident of January 2012. The…

NEWS

Nigerian widow testifies against Shell in The Hague

OrientEnergyReview Feb 12, 2019 0

Ngozi Egenuka with agency report The widow of a Nigerian activist who suing an oil giant, Shell over the execution of her husband has tesified against the oil company saying that her husband's death left her "traumatised" and…

POWER UPDATES

Power failure: Nigeria’s crude prices may crash further this week

OrientEnergyReview Feb 12, 2019 0

Prices of Nigeria’s crude grades may crash further downwards this week due to persistent power failure at the export facility, sources close to the matter told SweetcrudeReports. Power failure which began early last week is yet to be…

OIL AND GAS

Navy destroys 637 illegal refineries in N’Delta

OrientEnergyReview Feb 12, 2019 0

The Nigerian Navy (NN) says it has destroyed no fewer than 637 illegal refineries in the Niger Delta in 2018, through “Operation River Sweep’’. The Chief of Naval Staff, Vice Admiral Ibok-Ete Ibas, disclosed this on Monday in Abuja, while…

POWER UPDATES

Estimated billing to be criminalized – Reps

OrientEnergyReview Feb 11, 2019 0

By Elizabeth Uwandu The outcry by Nigerians over outrageous estimated billing system by the Electricity Distribution Companies Discos may soon be over as members of the House of Representatives recently passed a bill that seeks to…

OIL AND GAS

NNPC boss forecasts end of gas flaring in Nigeria

OrientEnergyReview Feb 11, 2019 0

Chibisi Ohakah The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru has described the $60 million Egbeoma Gas Processing Plant as the harbinger of the end of gas flaring in Nigeria, adding that…

POWER UPDATES

SERAP responds to Fashola’s ‘no corrupt’ electricity contractor

OrientEnergyReview Feb 11, 2019 0

Ngozi Egenuka Socio-Economic Rights and Accountability Project (SERAP) has said that attempts to limit disclosure of information of public interest would weaken the government’s commitment to transparency and accountability. This was…

COMMUNITY REPORTS

Shell reacts to ultimatum, says it won’t return to Ogoniland

OrientEnergyReview Feb 10, 2019 0

Peace Obi Shell Petroleum Development Company of Nigeria (SPDC) has reacted negatively to the 14-day ultimatum issued to it by Ogoni general assembly under the aegis of Conscience of Ogoni People, COOP to open dialogue with the Ogoni…

GHANA CONTENT CHECK

Ghanaian President to Investors: “Make mining deals more beneficial for Africa’

OrientEnergyReview Feb 10, 2019 0

Ghanaian President Nana Akufo-Addo has demanded that mining deals be more beneficial for Africa on Tuesday, calling on governments to end fiscal incentives traditionally used to attract investment to countries long viewed as rife with risk.…

POWER UPDATES

TCN commissions first offshore substation

OrientEnergyReview Feb 10, 2019 0

By Elizabeth Uwandu The Transmission Company of Nigeria, TCN, yesterday, commissioned its first offshore substation in Ilashe Island, Oriade Local Government Development Area (LCDA), in Lagos State. The project being the first…

GHANA CONTENT CHECK

$799m upstream petroleum contracts awarded to Ghanaian companies

OrientEnergyReview Feb 10, 2019 0

A total of $799 million worth of contracts in the upstream petroleum industry was awarded to indigenous Ghanaian companies and joint ventures last year in accordance with the Local Content and Local Participation law. Out of the amount,…

COMMUNITY REPORTS

25 years after, Ogoni seek Shell’s return to community

OrientEnergyReview Feb 10, 2019 0

Peace Obi Twenty-five years after leaving Ogoniland, Shell Petroleum Development Company of Nigeria (SPDC) has been given a 14-day ultimatum by the Ogoni people under the aegis of Conscience of Ogoni People (COOP) to open dialogue with the…

OIL AND GAS

Ambitious oil pricing will rupture Nigeria 2019 budget – ICAN

OrientEnergyReview Feb 10, 2019 0

Chibisi Ohakah, Abuja The Institute of Chartered Accountants of Nigeria (ICAN) has said that whereas the projections for crude oil price and production as captured in the proposed budget were very ambitious, and that the…

OIL AND GAS

NNPC to improve gas resources exploration

OrientEnergyReview Feb 10, 2019 0

By Elizabeth Uwandu The Group Managing Director, GMD, Nigerian National Petroleum Corporation (NNPC), Mr Maikanti Baru has reiterated the Federal Government’s plan to rigorously upgrade the country’s gas resources for economic growth.…

Maritime

Maritime safety, bane of nation’s economic, political development – NIMASA

OrientEnergyReview Feb 10, 2019 0

By Elizabeth Uwandu The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, has said the adherence of proper safety measures in the Maritime sector enhance successful utilisation of the…

NEWS

NNPC to improve gas resources exploration

OrientEnergyReview Feb 10, 2019 0

NEWS

Liberalise downstream sector end subsidy, stakeholders tell govt

OrientEnergyReview Feb 8, 2019 0

Peace Obi To free the country from the huge financial burden subsidy places on the country as result of massive fuel importation, the Federal Government has been called upon to liberalise the downstream sector of Nigeria’s oil and gas…

POWER UPDATES

Tesla Set for Nigerian Market

OrientEnergyReview Feb 7, 2019 0

Pita Ochai TESLA, a United States electric car maker and clean-energy company will introduce batteries that can power homes and businesses in Nigeria. This would allow consumers in remote areas that are not on a power grid to access a more…

NEWS

SAHARA GROUP, CHERIE BLAIR QC, CBE, DISCUSS PROMOTION OF SDGS IN AFRICA

OrientEnergyReview Feb 7, 2019 0

Leading energy conglomerate, Sahara Group is set to explore opportunities with Cherie Blair in a bid to enhance sustainable development in Africa through access to technology, education and food security. Group Managing…

OIL AND GAS

Dangote Refinery won’t sell petrol at regulated price – Aliko Dangote

OrientEnergyReview Feb 7, 2019 0

Peace Obi The speculation on whether Dangote refinery will sell its refined premium motor spirit on government-regulated price has been laid to rest. The President of Dangote Group, Alhaji Aliko has disclosed that Dangote Refinery…

OIL AND GAS

OPEC pursues formal pact with Russia

OrientEnergyReview Feb 7, 2019 0

Saudi Arabia and the United Arab Emirates (UAE) are trying to lock in Russia and other non-OPEC allies into several years of co-operation for managing the oil market, according to Wall Street Journal (WSJ). The move is not unconnected…

OIL AND GAS

Why we reclaimed dormant oil fields – Kachikwu

OrientEnergyReview Feb 6, 2019 0

Pita Ochai ... Indigenous operators’ contribution to national oil production now at 11% Reveals indigenous operators’ contribution to national oil production to be around 11% The need to raise funds and grow the contributions of…

Uncategorised

NNPC, Nigeria Police in fresh pact to protect oil pipelines

OrientEnergyReview Feb 6, 2019 0

Chibisi Ohakah, Abuja Nigerian National Petroleum Corporation (NNPC) has announced the collaboration with the Nigeria Police towards combating the perennial menace of oil theft and pipeline vandalisation across the country. Details of the…

OIL AND GAS

NNPC increases gas supply to gas fire-power plants

OrientEnergyReview Feb 6, 2019 0

…Monthly trading surplus shots up to ₦2.06bn Chibisi Ohakah, Abuja Nigerian National Petroleum Corporation, NNPC has confirmed that a total of 735 million standard cubic feet (mscf) of gas per day was delivered to gas fired-power plants…

Uncategorised

African Energy Chamber endorses Cape VII Congress in Malabo

OrientEnergyReview Feb 5, 2019 0

Chibisi Ohakah, Abuja The African Energy Chamber has announced its endorsement of the African Petroleum Producers Organisation Cape VII Congress and Exhibition to be held in Malabo early in April. The Equatorial Guinea’s Minister of…

OIL AND GAS

Exploration in six basins commence with Kolmani-II prospect

OrientEnergyReview Feb 5, 2019 0

Chibisi Ohakah, Abuja Nigerian National Petroleum Corporation (NNPC) has been mandated to extend its crude oil exploration to six basins in Nigeria. President Muhammadu Buhari gave the directive at Barambu town in the Bauchi…

NEWS

FG to ban tomato paste importation

OrientEnergyReview Feb 5, 2019 0

By Elizabeth Uwandu Minister of Agriculture, Audu Ogbeh has said that the Federal Government will ban the importation of tomato paste before the end of this year. Ogbe disclosed this yesterday, as reported by Daily Trust while…

Maritime

NPA MD bags appreciation award

OrientEnergyReview Feb 5, 2019 0

By Elizabeth Uwandu with Agency Report The Managing Director, MD, Authority (NPA), Hadiza Bala-Usman, has received Appreciation Award by the Senior Staff Association of Statutory Corporations and Government Owned Companies, SSASCGOC, …

NEWS

Bayelsa community raises alarm over SPDC’s breach of spill compensation

OrientEnergyReview Feb 4, 2019 0

By Kenechukwu obajuru, Yenagoa The people Aghoro 1 community in Ekeremor local government area of Bayelsa has kicked against the breach of oil spill procedures in the leak that occurred in the area on May 17, 2018. It would be recalled…

OIL AND GAS

FG targets $40bn from Project 100

OrientEnergyReview Feb 1, 2019 0

……..selected firms to get institutional incentives By Chibisi Ohakah, Abuja The Federal Government has assured that it would offer institutional support to the 60 local oil and gas companies selected from the maiden edition of Project…

Maritime

MSC seafarers kidnapped off Cotonou regain freedom

OrientEnergyReview Feb 1, 2019 0

Peace Obi The Mediterranean Shipping Company (MSC) has confirmed the release of six seafarers kidnapped off one of its ships, the MSC Mandy, off Cotonou, Benin Republic in January. This was contained in a statement issued by MSC on…

Maritime

Port Service Providers kick against introduction of registration fee by Nigerian Shippers’…

OrientEnergyReview Feb 1, 2019 0

Peace Obi The various bodies that makes up port service poviders including shipping lines, freight forwarders have kicked against the introduction of a new registration fee by the Nigerian Shippers’ Council (NSC). The stakeholders,…

OIL AND GAS

Total plans massive oil exploration drive in Africa, South America this year

OrientEnergyReview Feb 1, 2019 0

This year, the company intends to drill 23 wells in waters off Mauritania, Senegal, Namibia, South Africa, Guyana and Brazil, senior VP for exploration, Kevin McLachlan told Reuters. Although the company did not disclose how many wells…

NEWS

Southern Sudan partners African Energy Chamber on management of her hydrocarbons

OrientEnergyReview Feb 1, 2019 0

Peace Obi The African Energy Chamber has entered into a technical assistance cooperation agreement with the Ministry of Petroleum of the Republic of South Sudan to strengthen the country’s capacity to manage its hydrocarbons…

NEWS

Nigeria’s refineries not too old to operate, says NNPC

OrientEnergyReview Jan 31, 2019 0

The Nigerian National Petroleum Corporation has said that the country’s refineries are not too old for effective refining operations. Mr Kragha Anibor, NNPC Chief Operating Officer, Refineries disclosed this at a panel session at the…

Maritime

FG projects 10% growth in 2019 as NIMASA Predicts more shipping activities

OrientEnergyReview Jan 31, 2019 0

The Federal Government on Tuesday January 29, projected a 10 per cent growth in the Nigerian maritime industry. This was contained in the 2019/2020 maritime forecast unveiled by the Nigerian Maritime Administration and Safety Agency…

OIL AND GAS

FG to generate $2b from oil, gas lease licence renewal

OrientEnergyReview Jan 31, 2019 0

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said that the Federal Government is targeting about two billion dollars from the oil and gas lease licences renewal. Kachikwu disclosed this while fielding questions from…

Uncategorised

NIPS summit: Africa needs to look inwards to explore potentials in oil, gas industry

OrientEnergyReview Jan 30, 2019 0

Peace Obi and Elizabeth Uwandu Key players in the oil and gas industry gathered at the 2019 Nigeria International Petroleum Summit, NIPS have called for collaboration among Africa countries in exploring her oil and gas…

POWER UPDATES

Hope for renewable energy as AfDB approves $25m equity investment

OrientEnergyReview Jan 30, 2019 0

The huge potential for renewable energy in the country is mostly untapped. All around the country, there are enormous potentials in solar, hydro; wind, and biomass. But the presence of large oil and gas production in the South together…

Maritime

Automobile workers kick against FG move to slash vehicles duty by 10%

OrientEnergyReview Jan 29, 2019 0

Elizabeth Uwandu The Automobile, Boatyard, Transportation, Equipment and Allied Senior Staff Association (AUTOBATE), Secretary General, Sola Olurunfemi has caution the Federal Government's move to reduce duties on imported…

NEWS

$1bn renewal bonuses: DPR defends govt’s early renewal policy

OrientEnergyReview Jan 29, 2019 0

The Department of Petroleum Resources, DPR, and the Ministry of Petroleum Resources have defended the $1 billion dollars (N360 Billion) early renewal bonuses policy aimed at improving revenue generation for the country. The government…

OIL AND GAS

OPEC daily basket oil price closes at $60.90 per barrel

OrientEnergyReview Jan 29, 2019 0

The price of OPEC basket of fourteen crudes stood at $60.90 a barrel on Friday, compared with $60.22 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following:…

Maritime

10,908 foreign ships enter Nigerian waters in 2 yrs, carts away $16.2bn

OrientEnergyReview Jan 29, 2019 0

Not less than 10,908 vessels belonging to foreigners called at Nigerian ports between 2016 and 2017, carting away about US$16.2 billion, as a result of the lack of capacity on the part of Nigerian shipowners. This is even as the…

Local Content

Nigerian Content Policy: A True Jinx Breaker

OrientEnergyReview Jan 28, 2019 0

It would certainly not be out of place for anyone to allude that Nigeria appeared jinxed at a point in her economic life. What with the depressing fact that after 50 years of oil exploration and production, there was little or nothing to…

Local Content

Local Content Requirements, catalyst for value retention, development in West African sub-region

OrientEnergyReview Jan 28, 2019 0

Peace Obi The Nigerian Content Development and Monitoring Board, NCDMB has said that adherence to the Local Content Requirements (LCRs) in the implementation process of Local Content policy in the West African sub-region’s oil and gas…

NEWS

Bayelsa govt bans use of oil firm’s facilities for political activities

OrientEnergyReview Jan 28, 2019 0

By Kenechukwu Obiajuru, Yenagoa The Bayelsa State Security Council has prohibited the use of assets, personnel and security operatives on attachment to surveillance contractors of oil and gas firms and any other personnel for political…

NEWS

Military decries fake reports of oil facilities’ attacks in N/Delta

OrientEnergyReview Jan 28, 2019 0

he Joint Task Force, Operation Delta Safe, OPDS, has decried incessant fake reports of oil facilities’ attacks by militants in the Niger Delta, saying such stories were fabricated to diminish the operations of the JTF. Coordinator, Joint…

EVENTS

INTERNATIONAL PETROLEUM WEEK

OrientEnergyReview Jan 26, 2019 0

ABOUT INTERNATIONAL PETROLEUM WEEK Hosted by the Energy Institute and put together by leading industry experts, International Petroleum (IP) Week is one of the biggest events in the oil and gas calendar. More than 1,500 senior…

EVENTS

NAPEC 2019 – 9th NORTH AFRICA PETROLEUM EXHIBITION & CONFERENCE

OrientEnergyReview Jan 26, 2019 0

NAPEC is the largest international trade fair for the oil and gas industry in Africa, dedicated to the North African market, dedicated to the activities of the Upstream, the Midstream and the Downstream and all the suppliers of products,…

NEWS

2019 WAIPEC: Collaborate for bigger opportunities, NCDMB tells PETAN, others

OrientEnergyReview Jan 25, 2019 0

Peace Obi The Executive Secretary, Nigerian Content Development and Monitoring Board, NCDMB, Engr. Simbi Wabote has said that huge opportunities lying untapped in the Nigerian oil and gas industry as well as in the African region can be…

OIL AND GAS

PEC daily basket oil price closes at $60.52 per barrel

OrientEnergyReview Jan 25, 2019 0

The price of OPEC basket of fourteen crudes stood at $60.52 a barrel on Wednesday, compared with $60.66 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following:…

NEWS

Nigeria ratifies 40 Conventions, domesticates 19 international laws

OrientEnergyReview Jan 25, 2019 0

The Nigerian maritime sector is aligning with international best practices. The apex maritime body has revealed that it has been able to ratify 40 conventions passed by the International Maritime Organisation (IMO) and International Labour…

OIL AND GAS

Gambia pushes for African integration in oil and gas sector

OrientEnergyReview Jan 24, 2019 0

By Ngozi Egenuka The Permanent Secretary, Ministry of Petroleum and Energy in Gambia, Mrs Rohie Bittaye-Darboe has urged African countries to explore intergration of infrastructure, resources and capacity utilisation in the region's oil…

Uncategorised

NCDMB, AGF partner on Nigerian Content enforcement

OrientEnergyReview Jan 17, 2019 0

The Minister of Justice and the Attorney General of the Federation, Mr. Abubakar Malami (SAN) has said that the Ministry of Justice would collaborate with the Nigerian Content Development and Monitoring Board (NCDMB) in the…

Uncategorised

NNPC laments over increasing pipeline vandalism

OrientEnergyReview Jan 17, 2019 0

The Nigerian National Petroleum Corporation, NNPC on Tuesday, lamented on the rising incidents of pipeline vandalism across the country. It disclosed that in October, its pipeline network suffered a 42.9 percent increase in vandalism …

Uncategorised

Oil prices expected to stay anchored around $65-70 through 2023

OrientEnergyReview Jan 17, 2019 0

Oil prices are expected to oscillate close to current levels well into the next decade, averaging around $65-70 per barrel through 2023, according to an annual survey of energy professionals conducted by Reuters. Despite the recent slump…

Local Content

Niger Delta University seeks for closer R&D partnership with NCDMB

OrientEnergyReview Jan 17, 2019 0

Peace Obi The Niger Delta University (NDU), Bayelsa State has sought for closer collaboration with the, Nigerian Content Development and Monitoring Board (NCDMB) particularly in Research and Development. The Vice…

Maritime

Enforcement Of Regulations, Infrastructure Deficit Bane Of Maritime Industry

OrientEnergyReview Jan 17, 2019 0

Infrastructure deficit, corruption and lack of enforcement have been identified as the major obstacles on the path to developing Nigeria’s maritime industry. In a rare convergence of opinion between operators and the government, it was…

OIL AND GAS

Akwa Ibom deep seaport to take off in April

OrientEnergyReview Jan 14, 2019 0

Peace Obi The $2.5 billion Ibom Deep Seaport, a public-private partnership (PPP) project would become a reality on or before April 2019. The Senior Special Assistant to the President on Infrastructure, Imeh Okon, disclosed this during…

OIL AND GAS

Oil prices rise amidst scepticism on OPEC deal to stabilize the market

OrientEnergyReview Jan 14, 2019 0

Peace Obi Despite the scepticism that greeted the OPEC and non-OPEC allies supply cut’s deal to balance the oil market, the prices of crude oil edged up on Monday following the ongoing supply cuts from OPEC and its petro-power allies,…

NEWS

Ghanaian Energy Minster to speak at a global renewable energy meeting

OrientEnergyReview Jan 13, 2019 0

The Ghanaian Minister for Energy, Honourable John-Peter Amewu together with a delegation from the Ministry and Energy Commission are representing the country at the ninth session of the Assembly of International Renewable Energy Agency…

NEWS

NNPC to crash prices of cooking gas

OrientEnergyReview Jan 13, 2019 0

he Nigerian National Petroleum Corporation (NNPC) says it is working to crash the price of cooking gas in the country. It said this would be done through the implementation of an effective commercial framework that…

NEWS

European customers seek Nigerian crude, Chinese demand for Angola’s heats up

OrientEnergyReview Jan 11, 2019 0

Demand for Angolan crude from Chinese independent refiners and for Nigerian cargoes from European customers has breathed life into the West African market, traders said on Thursday. A drop in freight rates for shipping West African crude…

Maritime

Maritime sector well-positioned as alternative revenue source – Gen. Abubakar

OrientEnergyReview Jan 11, 2019 0

A former Nigerian head of state, General Abdulsalami Abubakar (rtd), says the nation’s maritime sector is well-positioned to serve as an alternative source of revenue for the Federal Government. Abubakar, who spoke ahead of the…

COMMUNITY REPORTS

Koluama Community launches manhunt for those behind false report of attack on Conoil in Bayelsa

OrientEnergyReview Jan 10, 2019 0

By Kenechukwu Obiajuru, Yenagoa The people of Koluama 1 in Southern Ijaw Local Government Area of Bayelsa have launched a manhunt for those behind the false report that an oil facility in the area was attacked on Friday. A…

COMMUNITY REPORTS

Otuokpoti Spill: NGO petitions NOSDRA, seeks best practices in remediation process

OrientEnergyReview Jan 9, 2019 0

By Kenechukwu Obiajuru, Yenagoa Oil and Gas Producing Areas Enlightenment and Empowerment Initiative (OGPAEEI) has petitioned the National Oil Spills Detection and Response Agency (NOSDRA) over a 2016 spill in Bayelsa. It would be…

OIL AND GAS

Oil climbs 2 percent; lifted by OPEC cuts, steadying stock market

OrientEnergyReview Jan 8, 2019 0

Oil prices climbed more than 2 percent on Monday, rebounding further from 1-1/2-year lows reached in December, on support from OPEC production cuts and steadying equities markets. Brent crude LCOc1 futures rose $1.13 to $58.19 a barrel,…

OIL AND GAS

Deep Petroleum Industry Reforms Set Angola on Path to Growth in 2019

OrientEnergyReview Jan 8, 2019 0

Key measures include the formation of upstream and downstream taskforces, the privatization of some Sonangol subsidiaries, and the creation of a new regulator to manage concessions Reforms span from changes in tax law to changes in…

Local Content

NLNG Train-7 to engage 18,000 Rivers youths – Rivers Govt

OrientEnergyReview Jan 3, 2019 0

The Rivers State Government says not less than 18,000 youths will be engaged during the construction and completion of the Nigerian Liquefied Natural Gas, NLNG, Train 7 project. The Rivers State Commissioner for Employment Generation and…

OIL AND GAS

Total commences oil production at Nigeria’s 200k b/d Egina field

OrientEnergyReview Jan 3, 2019 0

Total has commenced oil production from the Egina field, located in 1,600 meters water depths, 150 kilometers off the coast of Nigeria. At plateau, the Egina field will produce 200,000 barrels of oil per day, which represents about 10%…

OIL AND GAS

Nigeria continues to play a leading role in driving talks to help stabilise the market –…

OrientEnergyReview Dec 24, 2018 0

JAMES SHINDI is the chief executive of Brevity Anderson, organisers of the annual Nigeria Petroleum International Summit (NIPS). In an interview with select journalists in Lagos, Shindi talks about the forth-coming NIPS 2019 conference and…

SHIPPING

US Coast US Guard urges greater vigilance at Nigerian ports

OrientEnergyReview Dec 24, 2018 0

The United States Coast Guard has called for greater vigilance at Nigerian ports. The call was made by a visiting US Coast Guard team led by Lt. Commander Janna Ott. The delegation was in Nigeria to inspect facilities and ports. Ott,…

NEWS

Total in talks to sell North Sea oil, gas assets to private firms

OrientEnergyReview Dec 24, 2018 0

French energy giant Total is in advanced talks with privately owned firms Albion Energy and First Alpha Energy Capital on the sale of some of its British North Sea assets, two industry sources said. In July, four banking sources…

LOGISTICS

Africa’s rural electrification programme in danger of losing funding

OrientEnergyReview Dec 24, 2018 0

For nearly two decades, the United States has strongly pushed for the electrification of rural areas of sub-Saharan Africa to raise the standard of living. It has carried out these goals via the USAID’s Power Africa and the World Bank, and…

NEWS

Expatriates, visiting seafarers to pay $2,000 for Nigeria ‘green card’

OrientEnergyReview Dec 24, 2018 0

Reports emerged weekend that the Nigerian government has increased the cost of procuring the Combined Expatriate Residence Permit and Aliens Card (otherwise known as CERPAC card or green card) to $2,000. The card is a…

Jobs

Sales Executive/ Manager- corporate sales (power back-up solutions)

OrientEnergyReview Dec 22, 2018 0

Urgent RecrP Position: Sales Executive/ Manager- corporate sales (power back-up solutions) Vacancies: 2 Location: 1 in Lagos and 1 in Abuja Experience: Must a minimum of 3-4 years in the same industry Profile: The…

LOGISTICS

DP World introduces intelligent container storage system

OrientEnergyReview Dec 20, 2018 0

DP World is introducing a world’s first intelligent high bay container storing system touted as the disruptive technology that will radically improve operations. DP World and industrial engineering specialist SMS Group have formed a…

NEWS

Oil marketers receive N236m subsidy claims from FG

OrientEnergyReview Dec 19, 2018 0

…….banks directed to freeze interest on related loansBy Chibisi Ohakah Petroleum products marketers have confirmed receiving payment of N236 billion from the federal government being the first tranche of the outstanding fuel subsidy…

OIL AND GAS

Baru Directs NNPC Retail To Secure 30% Marktet Share

OrientEnergyReview Dec 19, 2018 0

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has charged the Corporation Downstream company, NNPC Retail, to increase its current 14 per cent market share to 30 per cent by 2020. …

POWER UPDATES

Fashola says Discos must match govt’s N72bn expansion fund

OrientEnergyReview Dec 18, 2018 0

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has provided more insight on the Federal Government’s N72 billion financial facility for the 11 electricity distribution companies or Discos for upgrade and expansion of…

OIL AND GAS

OPEC daily basket oil price closes at $58.24 per barrel

OrientEnergyReview Dec 18, 2018 0

The price of OPEC basket of fifteen crudes stood at $58.24 a barrel on Monday, compared with $59.07 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following:…

NEWS

ExxonMobil owes Nigerian govt $1.9bn

OrientEnergyReview Dec 18, 2018 0

*Addax in 5-year tax default, owing N700m Two international oil companies operating in the country were Monday accused by the Federal Government of various levels of indebtedness to the nation and contributing to Nigeria’s economic…

COMMUNITY REPORTS

KEFFES Foundation inaugurates N 24m projects in Chevron’s host communities in Bayelsa

OrientEnergyReview Dec 18, 2018 0

KEFFES Foundation inaugurates N24m projects in Chevron’s host communities in Bayelsa By Kenechukwu Obiajuru, Yenagoa. KEFFES Rural Development Foundation (RDF) at the weekend inaugurated some 20 projects in eight…

PRESS RELEASE

Empower women to help save Africa from climate change

OrientEnergyReview Dec 17, 2018 0

Empower women to help save Africa from climate change Africa must unlock the power of its women and girls if it is to adapt to climate change, cope with disasters and build its green energy sector KATOWICE, Poland, December 14, 2018/…

PRESS RELEASE

Shell Chairman confirmed as IP Week Dinner speaker

OrientEnergyReview Dec 17, 2018 0

Charles O. Holliday, Chairman of the Board of Directors at Royal Dutch Shell plc, has today been announced as the keynote speaker and guest of honour at the IP Week Dinner 2019. Addressing over 1,000 guests at the prestigious…

EVENTS

NIGERIA INTERNATIONAL PETROLEUM SUMMIT

OrientEnergyReview Dec 17, 2018 0

Government The Nigeria International Petroleum Summit is a project of the Federal Government of Nigeria. Its structure and organization received the approval of the Federal Executive Council and has the highest level…

EVENTS

West Africa International Petroleum Exhibition and Conference (WAIPEC)

OrientEnergyReview Dec 17, 2018 0

The West African International Petroleum Exhibition and Conference (WAIPEC) will return to the Eko Convention Centre 23-24 January 2019 for its 3rd edition, as the only oil and gas event held in partnership with Nigeria’s petroleum…

Local Content

NCDMB, NLNG hold knowledge sharing, capacity building workshop

OrientEnergyReview Dec 17, 2018 0

The Nigerian Content Development and Monitoring Board, NCDMB, and the Nigeria Liquefied Natural Gas Company, NLNG, have held a knowledge sharing capacity building workshop in Port Harcourt, Rivers State. The workshop is an initiative of…

COMMUNITY REPORTS

Govt urged to resume work on Ogidigben gas revolution park project

OrientEnergyReview Dec 17, 2018 0

The Olu of Warri, His Majesty, Ogiame Ikenwoli has enjoined the federal government to resume work on the Ogidigben gas revolution park project in Escravos. The Itsekiri monarch spoke in his palace in Warri, Delta at a colourful ceremony…

PRESS RELEASE

NETZSCH expands grinding technology with new N.Mac TM Twin Shaft Grinder

OrientEnergyReview Dec 17, 2018 0

NETZSCH Pumpen & Systeme GmbH experts in solutions designed specifically for difficult pumping applications, announces the new N.Mac™ Twin Shaft Grinder, designed to protect pumps and processes. The N.Mac is designed to fragment…

OIL AND GAS

OPEC’s former member, Qatar to invest $20bn in U.S shale, LNG

OrientEnergyReview Dec 17, 2018 0

Just when the world is coming to terms with the country’s resignation as a member of the Organisation of the Petroleum Exporting Countries, OPEC, Qatar has delved another blow, to invest $20 billion in the United States’ booming shale…

OIL AND GAS

Malabu oil field: Fed govt sues Shell, Eni in London

OrientEnergyReview Dec 17, 2018 0

The Federal Government said it had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London in relation to a 2011 oilfield deal in Nigeria. The two oil majors are embroiled in a long-running…

Jobs

Organization of the Petroleum Exporting Countries (OPEC) is recruiting for fulltime Energy Models…

OrientEnergyReview Dec 13, 2018 0

Organization of the Petroleum Exporting Countries (OPEC) is recruiting for fulltime Energy Models Analyst. Job Details Organization of the Petroleum Exporting Countries (OPEC) - We coordinate and unify the petroleum policies of its…

Jobs

BluePoint Global Services Limited is recruiting for fulltime Mining Geologist.

OrientEnergyReview Dec 13, 2018 0

BluePoint Global Services Limited is recruiting for fulltime Mining Geologist. Job Details BluePoint Global Services Limited is a Nigerian company providing industry critical support services, specializing in oil and gas, information…

MINING AND SOLID MINERALS

Privatising Kaduna Refining Plant not guarantee to optimal performance – MD

OrientEnergyReview Dec 13, 2018 0

Kaduna – Mr Adewale Ladenegan, Managing Director, Kaduna Refining and Petrochemical Company (KRPC) says privatization is not an option to putting the refinery to optimal use. Ladenegan stated this on Wednesday while interacting with members…

OIL AND GAS

Post-OPEC Deal: Oil price stability raises hope for budget benchmark

OrientEnergyReview Dec 13, 2018 0

Hopes that the 2019 federal budget oil price benchmark would not be completely eroded appears strengthened as oil prices sustain stability days after output cut by members of the oil producing nations’ cartel, the Organisation of Petroleum…

COMMUNITY REPORTS

Total stimulate local commerce, commissions malls for host communities

OrientEnergyReview Dec 13, 2018 0

As a part of its commitment to support and stimulate local commercial activities within its host communities, French multinational, Total Exploration and Production Company Nigeria Limited, TEPNG, has commissioned two shopping malls for her…

COMMUNITY REPORTS

Court adjourns HYPREP’s $10m Ogoni clean-up case to January

OrientEnergyReview Dec 13, 2018 0

The Federal High Court sitting in Port Harcourt, has adjourned the case filed by Ogoni Youth Federation, OYF, against the Hydrocarbon Pollution Remediation Project, HYPREP, and the Federal Ministry of Environment, over $10 million Ogoni…

Uncategorised

Oil pares gains as U.S. inventory draw smaller than expected

OrientEnergyReview Dec 13, 2018 0

Oil pared gains Wednesday after U.S. crude inventories fell less than expected, but remained supported by a cut in Libyan exports and an OPEC-led deal to trim output. U.S. crude stockpiles fell by 1.2 million barrels in the week to Dec.…

NEWS

Switch to electric cars to cost Germany 114,000 jobs, study shows

OrientEnergyReview Dec 9, 2018 0

A transition to e-mobility would cost Germany around 114,000 jobs in the long term, according to a study released Wednesday. The car-building sector in particular would be affected, with 83,000 positions struck off, the…

NEWS

Total Launches a Pioneering Line of Fluids for Electric and Hybrid Vehicles

OrientEnergyReview Dec 9, 2018 0

Paris – Total is consolidating its position as key player in electric mobility by launching today an innovative line of fluids for electric and hybrid vehicles. Produced thanks to important efforts of the Group’s R&D…

EVENTS

8th PRACTICAL NIGERIAN CONTENT @ YENAGOA

OrientEnergyReview Dec 7, 2018 0

OIL AND GAS

Exxon, Chevron seek to exit Azerbaijan’s oil after 25 years

OrientEnergyReview Dec 7, 2018 0

Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan’s largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production. Exxon is hoping to…

OIL AND GAS

Dependence on oil doomed our development – Okwuosa

OrientEnergyReview Dec 7, 2018 0

Patrick Egwu, Enugu The Chief Executive Officer of Oilserv Nig Ltd, Engr Emeka Okwuosa has described Nigeria's sole dependence on oil as her means of foreign exchange as one of the factors responsible for the country's economic…

Maritime

Nigeria to partner other African countries on ‘safe ocean’

OrientEnergyReview Dec 7, 2018 0

The Federal Government of Nigeria has expressed its readiness to cooperate with other African countries and development bodies to advance the continent’s prosperity through the safe and sustainable use of Africa’s vast sea and ocean…

Local Content

NNPC, NCDMB to grow Nigerian Content to 70% by 2027

OrientEnergyReview Dec 7, 2018 0

The Nigerian National Petroleum Corporation, NNPC, and the Nigerian Content Development and Monitoring Board, NCDMB have committed to growing local content in the oil and gas industry from the current 40 percent to 70 percent by 2027 as…

Local Content

FG to support NCDMB deepen Local Content

OrientEnergyReview Dec 7, 2018 0

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has reiterated the Federal Government’s commitment to deepen Nigerian content in the oil and gas industry. Kachikwu, represented by Mrs Folashade Yemi-Esen,…

OIL AND GAS

NNPC clarifies award of Trans Forcados pipeline surveillance contract

OrientEnergyReview Dec 5, 2018 0

he management of the Nigerian National Petroleum Corporation, NNPC, has provided explanation on the reported award of oil infrastructure surveillance contract to an indigenous firm, Ocean Marine Solutions, OMS, for the protection of the…

OIL AND GAS

OPEC has problems with some oil producers, reasons for Qatar’s exit must be examined – Iran oil…

OrientEnergyReview Dec 5, 2018 0

OPEC has problems with some oil producers, and the reasons for Qatar’s exit from the organisation must be examined, Iranian Oil Minister Bijan Zanganeh said on Tuesday, according to the Islamic Republic News Agency (IRNA). Qatar said…

POWER UPDATES

Fashola calls for prosecution, jail of power sector vandals

OrientEnergyReview Dec 5, 2018 0

Minister of Power, Works and Housing, Babatunde Raji Fashola, has called not just for the arrest, but prosecution and jailing of vandals in the power sector. In a communique signed by the minister and other stakeholders in the sector on…

OIL AND GAS

OPEC, partners meet in Vienna to discuss 2019 output

OrientEnergyReview Dec 5, 2018 0

The Organization of the Petroleum Exporting Countries, OPEC, and its partners, led by Russia, will meet in Vienna, Austria, on Thursday to discuss crude oil production plan for the coming year. The two-day meeting, holding November 6-7,…

POWER UPDATES

Kaduna Electric takes energy efficiency campaign to secondary schools

OrientEnergyReview Dec 4, 2018 0

Kaduna Electricity Distribution Company has commenced knowledge sharing campaigns through formation of Energy Conservation Clubs in secondary schools within its franchise. The exercise is aimed at inculcating energy efficiency values and…

OIL AND GAS

Iran says OPEC members who increased output should take lead on cuts

OrientEnergyReview Dec 4, 2018 0

Qatar’s decision to quit OPEC shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel, a top Iranian official said, adding that any supply cuts should come only from countries that had increased output.…

International Petroleum (IP) Week 26 – 28 February 2019

OrientEnergyReview Dec 4, 2018 0

26 – 28 February 2019 Intercontinental Park Lane, London ipweek.co.uk As one of the biggest events in the oil and gas calendar, International Petroleum (IP) Week brings together over 1,500 industry professionals from over 50…

PRESS RELEASE

Qatar gives notice of its withdrawal from OPEC

OrientEnergyReview Dec 4, 2018 0

The OPEC Secretary General, His Excellency Mohammad Sanusi Barkindo, has today received a letter from the State of Qatar giving notice of its intention to withdraw from its Membership of OPEC, pursuant to Article 8 of the OPEC Statute, with…

NEWS

Nigeria imports over 4 billion litres of petrol Q3 2018

OrientEnergyReview Dec 3, 2018 0

The petroleum products importation statistics for the third quarter, Q3, 2018 reflected that Nigeria imported a little over 4 billion litres of premium motor spirits, PMS, popularly known as petrol, within the quarter. According to the…

OIL AND GAS

Oil marketers give govt 7-day ultimatum to settle N800bn debt

OrientEnergyReview Dec 3, 2018 0

Oil marketers in the country have issued a 7-day notice to the Federal Government to settle all outstanding debts, including foreign exchange differentials and interest rate components, owed marketers in cash. The ultimatum is coming…

OIL AND GAS

Nigeria ranks 11th among countries with largest proven oil reserves

OrientEnergyReview Dec 3, 2018 0

Nigerian ranks eleventh position on a top-20 list of countries with largest proven oil reserves. Data sourced from World Atlas puts the country with a reserve of 37,062 billion barrels on the eleventh position after the United States of…

OIL AND GAS

Shell Nigeria signs gas supply agreement for Aba power project

OrientEnergyReview Dec 3, 2018 0

The Shell Petroleum Development Company of Nigeria, SPDC, and its joint partners have signed a gas supply and aggregation agreement that will support the 140 Megawatts Aba Integrated Power Project in Abia State. The agreement, signed on…

NEWS

Fuel Smuggling: PPMC lobbies marketers

OrientEnergyReview Nov 29, 2018 0

THE Managing Director of the Petroleum Products Marketing Company, PPMC, Mr. Umar Ajiya, yesterday, enjoined oil marketers, under the aegis of Major Marketers Association of Nigeria, MOMAN, to regulate the volumes of petroleum products…

NEWS

Pipeline Explosion: NNPC, Abia govt have abandoned us – Victims’ families

OrientEnergyReview Nov 29, 2018 0

By UGOCHUKWU ALARIBE ABA– Some families of the victims of the Osisioma Ngwa pipeline explosion that killed over 200 persons at Umuaduru and Umuimo villages have cried out that the state government and the Nigerian National Petroleum…

OIL AND GAS

Three modular refineries to begin operations in 2019 – Kachikwu

OrientEnergyReview Nov 28, 2018 0

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said there are strong indications that three modular refineries, out of 40 licenses issued, will likely come on stream by end of 2019. Kachikwu disclosed this at the…

OIL AND GAS

N/Delta youth group applauds NLNG for Nigerian Content in $7bn Train 7 project

OrientEnergyReview Nov 28, 2018 0

By Kenechukwu Obiajuru, Yenagoa A youth group under the aegis of Niger Delta Youths Coalition for Peace and Progress (NDYCPP) on Tuesday applauded the Nigeria Liquified Natural Gas (NLNG) for its strategy of involving Nigerians in its…

NEWS

Regulatory uncertainty stalling Nigerian oil reserve, industry growth – NAPE

OrientEnergyReview Nov 26, 2018 0

Peace Obi The lack of clear policy framework which has stalled many investment decisions in the passing year will continue to be a major challenge to the development of the Nigerian oil and gas industry as well as the attainment of the…

NEWS

Countdown to 8th annual Practical Nigeria Content Forum

OrientEnergyReview Nov 26, 2018 0

The 8th Annual Practical Nigeria Content Forum will open its doors to private sector and government representatives in a matter of days from today. PNC is a forum where the Executive Secretary, Nigerian Content Development and…

SHIPPING

Customs seize N7.5bn Tramadol imported from China

OrientEnergyReview Nov 23, 2018 0

The Nigeria Customs Service says it has intercepted forty 40-foot containers loaded with tramadol and other dangerous drugs from India worth N7, 318,978,065.00. The Comptroller- General of Customs, Col Hameed Ali (retd), said on Thursday…

OIL AND GAS

FG set to launch new guidelines for oil and gas industry

OrientEnergyReview Nov 23, 2018 0

The Federal Government in its efforts to achieve a standardised oil and gas industry will on Monday in Lagos, launch three regulatory guidelines to that effect. The regulatory guideline which will be launched by the Minister of state…

NEWS

Military taskforce destroys 300 illegal refineries in Nigeria Delta

OrientEnergyReview Nov 22, 2018 0

The head of the joint military taskforce operating in the Niger Delta, Operation Delta Safe, has said no fewer than 300 illegal refineries and 156 boats have been destroyed in an ongoing crackdown in the region. The Commander of the…

SHIPPING

UK calls on Russia to allow ships access to Ukraine’s ports

OrientEnergyReview Nov 21, 2018 0

The UK has joined calls for Russia to stop delaying or preventing access for ships to the Sea of Azov, following a discussion at the EU Foreign Affairs Council. Russia’s continued disruption of ships attempting to access Ukrainian ports…

POWER UPDATES

FG targets 30 per cent in renewable energy mix by 2030 —Fashola

OrientEnergyReview Nov 21, 2018 0

In a bid to diversify its energy sources and optimise other assets for power production, Nigeria has set a target of meeting 30 per cent of its energy needs from renewables by 2030. Mr. Babatunde Fashola, the Minister of…

POWER UPDATES

Nigeria facing energy trilemma – Kachikwu

OrientEnergyReview Nov 21, 2018 0

Peace Obi ... It is not attractive remaining extractive The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said that Nigeria is facing energy dilemma and that the country must deal with it by creating activities that lead…

POWER UPDATES

Micro-grids, solution to Nigeria’s power challenges -Eaton

OrientEnergyReview Nov 20, 2018 0

Nigeria cannot overcome its insufficient electricity supply unless she embraces micro-grid solution, Senior Application Leader, Micro-grid Energy Systems, Eaton Technologies, a South African power solutions company, Bunty Kiremire has said.…

POWER UPDATES

Wind, Solar Are Now The Cheapest Sources Of Power Generation

OrientEnergyReview Nov 20, 2018 0

Thanks to falling costs, unsubsidized onshore wind and solar have become the cheapest sources of electricity generation in nearly all major economies in the world, including India and China, according to a new report by Bloomberg NEF.…

Uncategorised

IEA Chief Urges Oil Producers Not To Cut Output

OrientEnergyReview Nov 20, 2018 0

IEA Chief Urges Oil Producers Not To Cut Output While OPEC is considering cutting oil production again, the executive director of the International Energy Agency (IEA), Fatih Birol, called on Monday for ‘common sense’ because fresh cuts…

Scholarship

APPLICATION FOR 2018/19 PETROLEUM TECHNOLOGY DEVELOPMENT FUND (PTDF) SCHOLARSHIP FOR UNDERGRADUATE…

OrientEnergyReview Nov 19, 2018 0

The Petroleum Technology Development Fund (PTDF) is the Federal Government agency with the mandate of developing indigenous human capacity and petroleum technology to meet the needs of the oil and gas industry. The Fund hereby invites…

NEWS

Building Local Capacity: SAP Skills for Africa produces its first set of Graduates in Nigeria

OrientEnergyReview Nov 19, 2018 0

Peace Obi In furtherance to its commitment to empower the workforce in local communities with a cutting edge digital skills needed to make them globally-competitive and fit to take up available jobs in their communities, SAP, a market…

NEWS

Underinvestment, a major obstacle to power sector privatization result – AfDB

OrientEnergyReview Nov 19, 2018 0

Peace Obi Insufficient investment has been said to be a major problem hindering Nigerians from reaping the desired result from the 2013 power sector privatization. And that to shore up the power supply in the country, the Federal…

OIL AND GAS

Oil marketers decry subsidy debt payment’s delay

OrientEnergyReview Nov 19, 2018 0

The Major Oil Marketers Association of Nigeria and the Depot and Petroleum Products Marketers Association of Nigeria have decried the delay in the payment of outstanding subsidy debts owed by the Federal Government. The…

Local Content

Schneider Electric Gets NCDMB Certification on Local Content

OrientEnergyReview Nov 19, 2018 0

The Nigerian Content Development and Monitoring Board (NCDMB) has awarded Schneider Electric in Nigeria the Nigerian Content Equipment Certificate (NCEC) in recognition of its commitment to the local content policy. Schneider Electric in a…

NEWS

Obsolete policies, multiple agencies bane of Nigerian seaport – NACCIMA

OrientEnergyReview Nov 17, 2018 0

The National President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Iyalode Alaba Lawson, has expressed concern over the efficiency of the Nigerian seaports, stating that obsolete policies,…

OIL AND GAS

Bayelsa Oil Spill: Shell repairs ruptured pipeline, pledges compensation for victims

OrientEnergyReview Nov 17, 2018 0

By Kenechukwu Obiajuru, Yenagoa The Shell Petroleum Development Company (SPDC) says it has repaired the Trans Ramos Pipeline that ruptured and spilled about 1,114 barrels of crude oil into the environment on May 17. The SPDC also…

NEWS

DPR cautions depot owners over unlicensed marketers

OrientEnergyReview Nov 17, 2018 0

DPR cautions depot owners over unlicensed marketers The Department of Petroleum Resources in Cross River State, has cautioned depot owners against selling petroleum products to unlicensed marketers. Mr Bassey Nkanga, DPR Operations…

NEWS

President Buhari commends LADOL on job creation

OrientEnergyReview Nov 17, 2018 0

Peace Obi President Muhammadu Buhari has commended the Lagos Deep Offshore Logistics (LADOL) Base for their contribution in reducing youth unemployment in the country. Speaking at the State House, Abuja on Thursday while receiving the…

Alternative Energy

NERC accuses Discos of withholding monthly electricity revenues

OrientEnergyReview Nov 17, 2018 0

The Nigerian Electricity Regulatory Commission (NERC) has accused the electricity distribution companies (Discos) of deliberately capping their monthly revenue remittances and keeping more money for themselves. In its first quarter 2018…

PRESS RELEASE

Surge, of up to US$10bn, in M&A Values in the Oil and Gas Equipment and Services Industry in Q3…

OrientEnergyReview Nov 15, 2018 0

Surge of up to US$10bn in M&A Values in the Oil and Gas Equipment and Services Industry in Q3 2018, says GlobalData Surge of up to US$10bn in M&A Values in the Oil and Gas Equipment and Services Industry in Q3 2018, says GlobalData…

NEWS

Senate uncovers fresh $1.151bn withdrawals from NLNG dividends

OrientEnergyReview Nov 15, 2018 0

Aside the sum of $1.05b earlier discovered to have been withdrawn from the dividend accounts of the Nigeria Liquefied Natural Gas, NLNG, the Senate yesterday said that it has uncovered alleged fresh multiple withdrawals from the same…

COMMUNITY REPORTS

Bonga Oil Spill: Victims urge FG to prevail on Shell to pay $3.6bn fine

OrientEnergyReview Nov 15, 2018 0

Artisanal fishermen in the Niger Delta, affected by the December 2011 Bonga oil spill, have urged the federal government to compel Shell to pay the $3.6 billion fine for the spill. Samuel Ayadi, Coordinator, Niger Delta zone, Artisana…

OIL AND GAS

Nigeria cannot attain 40 billion barrels oil reserve – NAPE

OrientEnergyReview Nov 14, 2018 0

The absence of fiscal policy will continue to retard investments flow in Nigeria’s oil and gas industry, such that attainment of 40 billion crude oil reserve will not be realised, the Nigerian Association of Petroleum Explorationists, NAPE,…

INDUSTRY NEWS

Again, Oil price hits low at $69 as OPEC predicts demand growth of 1.5mb/d

OrientEnergyReview Nov 14, 2018 0

The price of crude oil, which has been on a steady slide in the past three weeks, yesterday dropped further from $71 per barrel to $69 per barrel. Meanwhile, the Organisation of Petroleum Exporting Countries, OPEC, had predicted oil…

OIL AND GAS

Shell condemns frequent attacks on its pipelines, spills in Bayelsa

OrientEnergyReview Nov 14, 2018 0

Kenechukwu Obiajuru, Bayelsa Shell Petroleum Development Company (SPDC), on Monday decried the high rate and frequent activities of vandal on its pipeline network at its oilfields in Bayelsa resulting to oil leaks and pollution of the…

OIL AND GAS

Nigerian crude oil to rise to 2.2mbpd in 2019

OrientEnergyReview Nov 12, 2018 0

Peace Obi Baring any unforeseen circumstances and the eventual start up of the Total-operated Egina FPSO, the Nigerian crude oil production has been projected to rise to 2.2 million barrel per day in 2019. The Minister of State for…

INDUSTRY NEWS

Bonny business group applauds NLNG on business workshop

OrientEnergyReview Nov 12, 2018 0

Kenechukwu Obiajuru, Yenagoa The indigenous vendors in Bonny Island, under the aegis of Association of Niger Delta Vendors in Oil and Gas have expressed their readiness to participate in an upcoming business workshop for young…

Local Content

Wabote Bags Global Award for Local Content Advocacy

OrientEnergyReview Nov 12, 2018 0

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote was conferred with a global award of excellence for outstanding contributions to sustainable local content development in Nigeria and…

Local Content

Wabote goes global with Nigerian Content Advocacy

OrientEnergyReview Nov 9, 2018 0

Peace Obi The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, went global on Wednesday with Nigerian Content Advocacy, when he addressed delegates at the 2018 African Oil Week (AOW)…

INDUSTRY NEWS

‘Rains wrecked havock on Dangote Refinery’

OrientEnergyReview Nov 9, 2018 0

The heavy rains of this year have caused some serious damages to the ongoing Dangote refinery project worth over $4.5 billion. The President, Dangote Industries Limited, Alhaji Aliko Dangote made the revelation in an interview with…

Local Content

NCDMB boss inaugurates Tolmann modular firefield centre

OrientEnergyReview Nov 9, 2018 0

The new modular fire field and emergency response training centre built by Tolmann Allied Services Limited has been commissioned by the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote.…

INDUSTRY NEWS

Chevron Appoints New North America E&P Leader

OrientEnergyReview Nov 8, 2018 0

Chevron Corporation has appointed Steven W. Green as the new president of Chevron North America Exploration and Production, effective March 1, 2019. As part of his new role, Green, who is currently president of Chevron Asia Pacific…

INDUSTRY NEWS

NNPC earned $470 million from oil and gas export in August

OrientEnergyReview Nov 8, 2018 0

The Nigerian National Petroleum Corporation (NNPC) Wednesday declared that it recorded crude oil and gas export sale of $470 million in August 2018, indicating an upsurge of about $78 million in relation to July oil and gas export figures…

INDUSTRY NEWS

Nigeria’s success in Local Content is African oil producing countries’ gain

OrientEnergyReview Nov 7, 2018 0

Peace Obi The Minister of State, Petroleum Resources, Dr. Ibe Kachikwu has said that Nigeria's success in driving her local content policy has paved the way for the deployment of local capacities, greater participation of indigenous…

NEWS

$55m crude oil shipment: FG closes case in suit against Agip

OrientEnergyReview Nov 7, 2018 0

The Federal Government on Tuesday closed its case at a Federal High Court Lagos, in a $55 million debt recovery suit it filed against Agip Oil Company Ltd. The suit, filed in 2016 by the government’s counsel, Prof. Fabian Ajogwu (SAN),…

NEWS

Senate to probe diversion of NLNG dividends – Saraki

OrientEnergyReview Nov 6, 2018 0

The Senate President, Dr. Abubakar Bukola Saraki, has said that the Senate on resumption of plenary will further probe the claims by the NNPC, on diversion of dividends from the Nigerian Liquefied Natural Gas (NLNG). According to a…

INDUSTRY NEWS

Shell, ExxonMobil to sign crude swap deal with NNPC

OrientEnergyReview Nov 6, 2018 0

Peace Obi with agency report The Nigerian National Petroleum Corporation (NNPC) could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC official said on Monday. The…

OIL AND GAS

AP looks for Sierra Leon extension on oil blocks

OrientEnergyReview Nov 5, 2018 0

African Petroleum issued an update on its Sierra Leone SL-03-17 and SL-4A17 blocks. Through the company’s wholly owned subsidiaries – European Hydrocarbon Ltd and African Petroleum Sierra Leone Ltd – it has entered into the Second Extension…

GENERAL

Fuel scarcity looms as NUPENG backs planned NLC Strike

OrientEnergyReview Nov 5, 2018 0

There may be a shortage of fuel next week as the Nigeria Union of Petroleum and Natural Gas Workers has pledged its loyalty to the Nigeria Labour Congress and any step that the NLC decides to take. The Federal Government on Friday…

Alternative Energy

QWAY set to construct 500mw of Angolan renewable energy

OrientEnergyReview Nov 5, 2018 0

A Renewable Energy Company, QWAY has demonstrated a keen interest in constructing 500 MW of renewable energy infrastructure in Angola. It is expected that 250 MW to 300 MW of this capacity would consist of solar power plants. The rest would…

INDUSTRY NEWS

Senate commends NCDMB’s engagement of local contractor in headquarters building

OrientEnergyReview Nov 5, 2018 0

Peace Obi …to expand NC Act to other sectors Members of the Senate Committee on Local Content have commended the Nigerian Content Development and Monitoring Board (NCDMB) for conceiving and developing its 17-story headquarters building in…

NEWS

Dangote Sinotruk Automobiles set to shore up Local Content to 60 per cent

OrientEnergyReview Nov 5, 2018 0

As a budding automobile company, Sinotruk West Africa Limited entered into another phase in its expansion drive, the company has said it was increasing its local input into the assembling plant to 60 per cent, even to roll out commercial…

OIL AND GAS

Kachikwu to lead, NCDMB, industry stakeholders on Nigerian Content parley for NLNG Train-7

OrientEnergyReview Nov 5, 2018 0

Kenechukwu Obiajuru, Yenagoa. The Niger Delta Youths Coalition for Peace and Progress (NDYCPP) on has said that the group is collaborating with stakeholders in oil industry to ensure the participation of youths in the NLNG Train-7.…

INDUSTRY NEWS

ExxonMobil To Produce Marine Gasoil, Diesel

OrientEnergyReview Nov 2, 2018 0

ExxonMobil has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulphur residual oils into high-value transportation fuels such as marine gasoil and diesel. As explained, the new 50,000…

Maritime

NIMASA DG In Dubai, To Enforce 0.5% Sulphur Limit On Bunker Fuel

OrientEnergyReview Nov 2, 2018 0

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that the Agency will enforce strict compliance to the International Maritime Organisation regulation which puts a…

INDUSTRY NEWS

OPEC has become an indispensable ‘organ of stability’ in the oil market – Barkindo

OrientEnergyReview Nov 2, 2018 0

OPEC has become an indispensable ‘organ of stability’ in the oil market, Mohammad Sanusi Barkindo, OPEC Secretary General said at the Algeria Future Energy Summit in Algiers, Algeria. He noted that though some sceptics have imagined a…

OIL AND GAS

NNPC prepares for yuletide, signs petrol supply deal with BP

OrientEnergyReview Nov 2, 2018 0

The Nigerian National Petroleum Corporation on Thursday announced that it had signed a six-month Direct Sale-Direct Purchase agreement with the British Petroleum’s trading arm, BP Oil International Limited, for the supply of Premium Motor…

SUSTAINABLE DEVELOPMENT

Baru tasks engineers on renewable energy development

OrientEnergyReview Nov 2, 2018 0

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has challenged Nigerian engineers to come up with technologies to help deepen the development of renewable energy in the country. The…

OIL AND GAS

Libya Lifts Oil Production After Restarting Fields

OrientEnergyReview Nov 1, 2018 0

Libya has restarted three small oil fields and added around 10,000 bpd to its oil production—which has been steadily rising over the past two months—a spokesman for Libya’s National Oil Corporation (NOC) had told Reuters on Wednesday.…

Alternative Energy

Alternative Energy Adoption on the Rise as Total Opens Solar-Powered Service Station in Zaria

OrientEnergyReview Nov 1, 2018 0

As part of its expansion drive, Total Nigeria Plc has inaugurated its 30th solar serviced station, five years after it opened the first one in Lagos. The new service station on Court House Road, Zaria, boasts 11.7 Kilowatt peak, kWp with…

OIL AND GAS

NNPC, others yet to remit $22.06bn, N481.75bn to Federation Account

OrientEnergyReview Oct 30, 2018 0

The Nigerian National Petroleum Corporation (NNPC) and its subsidiary, Nigerian Petroleum Development Company (NPDC) and other companies in the oil and gas sector have yet to remit revenue amounting to $22.06bn and N481.75bn to the…

PRESS RELEASE

African Power Platform Launches Comprehensive Library of Energy Information

OrientEnergyReview Oct 29, 2018 0

With the APP library, individuals can learn about conventional methods of producing energy, renewables, micro-grids, solar home systems, and how those methods and strategies might be combined to best serve the unique and increasing power…

OIL AND GAS

Shell explains its local content strategy for Nigeria

OrientEnergyReview Oct 27, 2018 0

The Shell Nigeria Exploration and Production Company (SNEPCo), says its local content strategy was built around the national framework as developed by the Nigeria Content Development and Monitoring Board. Bayo Ojulari, its Managing…

NEWS

DPR to limit supply of petrol to Nigeria’s border areas

OrientEnergyReview Oct 27, 2018 0

The Department of Petroleum Resources (DPR) in Adamawa on Wednesday said it would limit supply of petroleum products to border areas to control the illegal exportation of products. Mr Ibrahim Chiroma, the Controller of Field Operations…

INDUSTRY NEWS

Nigeria has lost $10bn revenue in 18yrs to obsolete hydrocarbon laws – Senate

OrientEnergyReview Oct 27, 2018 0

The Chairman, Senate Committee on Petroleum Resources, Upstream, Donald Omotayo Alasoadura, has said that Nigeria has lost no less than $10 billion revenue in the last 18 years due to obsolete laws in the sector. Alasoadura, the senator…

Maritime

IMO Adopts Ban on Carriage of Non-Compliant Fuels

OrientEnergyReview Oct 27, 2018 0

The IMO’s Marine Environment Protection Committee (MEPC 73) adopted today the MARPOL amendment to prohibit the carriage of non-compliant fuel oil on board ships. The ban relates to fuels intended for combustion purposes, propulsion or…

NEWS

Revamping of Refineries: Port Harcourt Refinery Gets Financier

OrientEnergyReview Oct 26, 2018 0

The Nigerian National petroleum Corporation (NNPC) has said that some of the financing companies it approached to revamp the country’s refineries have shown interest in Port Harcourt refinery. Mr Ndu Ughamadu, Group General Manager,…

INDUSTRY NEWS

Baru commends NPDC on 100% local content on gas facility

OrientEnergyReview Oct 26, 2018 0

The Nigerian National Petroleum Corporation (NNPC) has commended the Nigerian Petroleum Development Company (NPDC), for achieving 100 per cent local content input in the development of Oredo Integrated Gas Handling Facility (IGHF). Dr…

NEWS

US Confers Kachikwu with Multiple Honorary Citizenship Awards

OrientEnergyReview Oct 26, 2018 0

The Minister of State for Petroleum, Dr Ibe Kachikwu, was on Thursday, conferred with multiple honours, including honorary citizenship of the State of Georgia in the U.S. Kachikwu was also conferred with honorary doctorate degree by the…

NEWS

Why Nigeria will remain an important player in global oil market — OPEC Rep

OrientEnergyReview Oct 26, 2018 0

Nigeria’s representative in Organization of Petroleum Exporting Countries (OPEC), Mele Kyari, has said the country cannot be ignored in the global oil market due to the growing positive outlook of its oil output. Mr Kyari, who is also…

POWER UPDATES

Discos Huge Indebtedness Stifling GENCOs, APGC cries out

OrientEnergyReview Oct 26, 2018 0

Oge Obi The Association of Power Generation Companies (APGC) has said that discos continuous failure in their monthly remittances to the NBET is badly hurting power generating companies (Gencos). According the APGC, the Discos have…

NEWS

ExxonMobil Resumes Talks in Ghana

OrientEnergyReview Oct 26, 2018 0

ExxonMobil Corp. has reportedly resumed talks with local Ghanaian oil firm, Ghana Oil Co. (GOIL). The talks revolve around the US firm’s need to find a local partner as the deadline looms near. If talks between the two firms bear fruit…

COMMUNITY REPORTS

Youths Vow to Resist SNEPCO’s Movement out of Onne

OrientEnergyReview Oct 26, 2018 0

Youths in Rivers State have restated their opposition to the alleged plans by Shell Nigeria Exploration & Production Company to relocate its Supply Base from Onne, Rivers State, to Lagos, vowing to stop any ship that tries to load the…

OIL AND GAS

Don’t Hoard Fuel, We Have Enough in Stock, NNPC Warn Consumers

OrientEnergyReview Oct 25, 2018 0

Oge Obi In a proactive step to discourage petroleum products consumers from hoarding products as the festive season approaches, the Nigerian National Petroleum Corporation (NNPC) has warned consumers across the country to desist from…

NEWS

JMMC expresses satisfaction with developments in the oil market

OrientEnergyReview Oct 25, 2018 0

No 22/2018 Vienna, Austria 25 Oct 2018 The Joint Ministerial Monitoring Committee (JMMC) reviewed the monthly report prepared by its Joint Technical Committee (JTC), including the overall conformity levels of the countries…

Alternative Energy

Discos Renewable Energy Firms Sign MoU on Mini-Grids

OrientEnergyReview Oct 25, 2018 0

Power distribution companies are entering into partnerships with renewable energy firms for the development of mini-grids to boost the supply of electricity in Nigeria. According to officials from the Rural Electrification Agency and…

POWER UPDATES

Limited Access to Electricity worsening Poverty Situation in Nigeria – NAEE

OrientEnergyReview Oct 25, 2018 0

Oge Obi The Nigeria Association for Energy Economics (NAEE) has said that citizens' low access to electricity has worsened the poverty situation in the country. The Association disclosed data obtained from the Trading Economics 2018,…

Uncategorised

NEITI, CAC Set to Unveil Nigerian Oil Well, Mining Asset Owners in 2019

OrientEnergyReview Oct 23, 2018 0

Oge Obi December 31, 2019 has been set by Extractive Industries Transparency Initiative (NEITI) and Corporate Affairs (CAC) to release a comprehensive register of beneficial owners of oil wells, gas and mining companies in Nigeria.…

NEWS

Nationwide Blackout Looms as DSS Allegedly Aids Seizure of TCN’s Facility

OrientEnergyReview Oct 23, 2018 0

Thisday newspaper has reported that national electricity supplies may witness another round of disruptions from the transmission end of the loop if reported takeover of the fibre optic infrastructure of the Transmission Company of Nigeria…

NEWS

President Buhari to Visit Seme Border Tomorrow

OrientEnergyReview Oct 22, 2018 0

President Muhammadu Buhari and his Republic of Benin counterpart, Patrice Talon, will tomorrow perform the official handover of the new Economic Community of West African States (ECOWAS) Border Posts at Seme-Krake and Neope-Akanu in…

INDUSTRY NEWS

Kachikwu inaugurates Nigerian Content Research & Development Council

OrientEnergyReview Oct 22, 2018 0

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu recently in Abuja inaugurated the Nigerian Content Research and Development Council (NCRDC). The Council is expected to advise the Nigerian Content Development and…

POWER UPDATES