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Katsina Government restores power to four communities

Katsina Government restores power to four communities

Commercial and business activities have commenced in earnest at four communities after the restoration of electricity supply to affected villages in Zango LG area of katsina state. Our correspondent reports that the restoration of power supply was made possible by the intervention of the Katsina state government after eight years of neglect. Alhaji Babangida Ali… READ MORE

Golden Energy secures new platform supplier contract from Shell Nigeria

Golden Energy secures new platform supplier contract from Shell Nigeria

Golden Energy Offshore (GEO) said on Monday that the Energy Scout PSV had entered into a spot contract with Shell Nigeria Exploration and Production Company (SNEPCO) on January 19, 2019. According to the company, the Energy Scout vessel remained on the contract with SNEPCO until recently. GEO now entered into a new medium-term contract with… READ MORE

Crown Refinery  Partners with Ondo State Government to build $500m modular refinery in Ondo

Crown Refinery Partners with Ondo State Government to build $500m modular refinery in Ondo

Crown Refinery & Petrochemical Limited, a crude oil refining firm, has signed a Memorandum of Understanding with Ondo State government for the building of a $500 million refinery in Ilaje Local Government Area of the state. The plant is designed for an initial production capacity of 30,000 Barrels per day. Located in Eruna Ogboti community… READ MORE

Oando announces divestment of its residual 25% interest in Axxela Ltd

Oando announces divestment of its residual 25% interest in Axxela Ltd

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, today announced that it has divested its residual 25% interest in Axxela Limited (held through Glover Gas & Power B.V.) to Helios Investment Partners (“Helios”), a leading private equity firm with a… READ MORE

Vitol signs COA with NNPC subsidiary NIDAS for shipping Petrol to Nigeria

Vitol signs COA with NNPC subsidiary NIDAS for shipping Petrol to Nigeria

Vitol has signed a contract of affreightment with NIDAS Shipping Services to ship petrol to Nigeria during the second quarter as part of its crude-for-product swap deal with Nigerian National Petroleum Corp. NIDAS, a London-based subsidiary of NNPC, said the contract would run from April to June in parallel with the swap deal. This is… READ MORE

Sahara Group is  looking to acquire Total’s stakes in Three African Refineries

Sahara Group is looking to acquire Total’s stakes in Three African Refineries

Privately owned Sahara Group is looking to significantly increase its interests in Africa’s refining sector to take advantage of its trading of refined products in the continent, its executive director said Monday. “The market has changed now. From your traditional typical trading [house], now you have to invest in infrastructure and provide some sort finance,”… READ MORE