Monthly Archives: September 2015

Nigeria to resume oil export to United States

HOPE of resumption of crude oil export from Nigeria to the United State of America has been renewed by the president of a Washington-based Global Water and Energy Strategy Team (GWEST), Paul Wihbey. Also, President Muhammadu Buhari has been advised to swiftly put in place a new strategic energy policy for export of Nigerian oil…
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GE in $1billion Nigeria technology transfer bid

Traditionally, General Electric (GE), as the name suggests, has huge interests in the power (electricity) sector. The multinational has a subsidiary (GE Power and Water) wholly devoted to power generation, transmission and distribution across the world. It manufactures gas engines, gas turbines, wind turbines, steam turbines, generators, nuclear reactors, etc. GE is a big player…
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NNPC to review contracts with oil, gas firms

The Nigerian National Petroleum Corporation has announced the readiness to revisit the fiscal terms of the existing Production Sharing Contracts entered into by the firm with some international oil and gas companies. It said the review was aimed at seeking favorable benefits to Nigeria based on the prevailing realities in the industry, as some of…
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