The Management of the Nigerian Maritime Administration and Safety Agency (NIMASA), on Wednesday handed over the ultra-modern complex housing the Institute of Marine and Transport Technology to the management of the University of Port Harcourt, Rivers State.
Dr.Bashir Jamoh, Director General of NIMASA said the building which is a donation from his Agency to the University, was the initiative of previous leadership of the Agency, but that on assumption as the Director General, he saw the need to review and commence the project.… Read the rest
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it projects to attract about $17.64 billion investment inflow from 51 field development plan which it approved in 2022 and 2023.
Commission Chief Executive (CCE) of NUPRC, Mr. Gbenga Komolafe, disclosed this in his keynote speech during a panel session at the ongoing Nigerian International Energy Summit(NIES) 2024 in Abuja.
He added that the 51 fields will deliver cumulative oil recovery and gas recovery estimated at 2.12 billion barrels and 13.13 trillion cubic feet respectively in the coming years.… Read the rest
The African Export-Import Bank on Wednesday, disclosed that it has become the largest financier of oil and gas projects in Africa.
The bank disclosed investing $30bn in industry projects, with Nigeria receiving 60 per cent despite reduced global funding for hydrocarbon ventures in Africa
President, Afreximbank, Prof Benedict Oramah, said Africa has to find innovative solutions to its huge energy deficit.… Read the rest