(COPL) raises capital for its Nigerian offshore block development Canadian Overseas Petroleum Limited (COPL) has said it is in advanced talks with financiers and suppliers of an early production system for its Nigerian offshore block development. It is also raising working capital via a share placing. COPL’s main asset is OPL 226 offshore block located approximately 50 km offshore the central delta region of Nigeria. COPL expects to bring three to four appraisal wells at OPL 226 onto production at a forecast rate of 6-10,000 bpd per well by the end of 2020. Also, COPL on Tuesday announced the completion of placing by Shard Capital Partners LLP to raise gross proceeds of £497,000, … [Read more...]
Where to Buy Demineralized, Deionized and Distilled Water in Nigeria
Are you thinking of buying quality demineralized, Deionized and distilled water in Nigeria? look no further, you can buy Epoxy Oilserv Nigeria Limited partnered with GZ Industrial Supplies to sell products in their industrial supplies online shop also known as (AKA) GZ INDUSTRIAL MEGASTORE, We are capable of meeting your treated water requirements. Product quality Assurance; Epoxy Oilserv Nigeria limited is the industry-leading producer of demineralized deionized, and distilled water for industrial applications in Nigeria, Our Ultra-modern plant is capable of producing 15,000 liters of treated water per hour and managed by the industry-leading team. Quality is our watchword, all our … [Read more...]
NNPC Champions Female Engineers in Nigeria
The Nigerian Society of Engineers (NSE) has commended the Nigerian National Petroleum Corporation (NNPC) for its exemplary role in the advocacy of science and engineering-based education for the girl child through support for the activities of the Association of Professional Women Engineers of Nigeria (APWEN). Engr. Adekunle Mokuolu, President Nigerian Society of Engineers (NSE), stated this Thursday in Abuja while receiving NNPC’s Management led by the corporation’s Group Managing Director, Engr. Maikanti Baru, to the Headquarters of the society. A release by NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, said the NSE President disclosed that by … [Read more...]
Oando Plc to boost crude output in 2019 after curbing debt
Oando Plc to boost crude output in 2019 after curbing debt Oando Plc is looking to boost crude output from next year as the Nigerian producer breaks the back of a $2.5 billion debt burden built up through the 2014 acquisition of oil and gas assets from U.S. giant ConocoPhillips reports WorldOil The borrowings will be almost 90% lower by the third quarter of 2019 and the company is now preparing for its next stage of development, CEO Wale Tinubu said in an interview at Oando’s Lagos headquarters. “We have purchased enough reserves and our job should really be to exploit those reserves,” he said. Oando focused on repaying the debt after the ConocoPhillips deal to cushion the impact … [Read more...]
Shell kick start clean-up in aghoro community in Bayelsa state
Shell kick start clean-up in aghoro community in Bayelsa state According to a report filed by The Guardian the Shell Petroleum Development Company of Nigeria Limited (SPDC), says it has recovered over 95 per cent of spilled oil from the recent spill incidents on sections of the Trans Ramos Pipeline (TRP) in Aghoro and Odimodi communities in Bayelsa and Delta states respeftively. The pipeline, which has remained shut-in since the incidents, supplies crude to the SPDC Joint Venture-owned Forcados Oil Terminal in western Niger Delta for export. In a statement, SPDC acknowledged the spills as very regrettable, adding that in line with its standard operating procedures, the TRP was shut … [Read more...]
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