#OilAndGas

Fidelity Bank Joins Shell’s $3bn Contractor Finance Facility

Fidelity Bank Joins Shell’s $3bn Contractor Finance Facility

Fidelity Bank Joins Shell's $3bn Contractor Finance Facility Nigeria's indigenous oil and gas contractors have received a significant financial boost as Fidelity Bank Plc joins forces with Shell Nigeria Exploration and Production Company Limited (SNEPCo) and nine leading banks to launch a $3 billion Contractor Finance Facility. The initiative is expected to improve access to funding, strengthen local content development and accelerate critical energy projects across the country. Nigeria's oil and gas industry has received a major financing boost as Fidelity Bank Plc partners Shell Nigeria Exploration and Production Company Limited (SNEPCo) and nine leading financial institutions to launch a…
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Abia Host Communities Inaugurated as HOSCON Vows Peace, Youth Empowerment, Oil Sector Growth

Abia Host Communities Inaugurated as HOSCON Vows Peace, Youth Empowerment, Oil Sector Growth

Abia Host Communities Inaugurated as HOSCON Pledges Peace, Youth Empowerment and Oil Sector Development "For the first time in more than two decades, Abia State's oil-producing communities have a duly elected and constitutionally recognized leadership, raising fresh hopes for peace, youth empowerment, economic opportunities and sustainable development across host communities." " The Host Communities of Nigeria Producing Oil and Gas (HOSCON) has inaugurated its first constitutionally recognized executive council in Abia State. National Chairman Prince Dr. Mike Emu said the new leadership will promote peace, support oil and gas development, facilitate implementation of the Petroleum Industry Act's 3% Host Community…
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Eunisell Advocates for Domestication of Nigeria’s oil & gas Industry

Eunisell Advocates for Domestication of Nigeria’s oil & gas Industry

Eunisell Advocates for Domestication of Nigeria’s oil & gas Industry Eunisell Limited, a chemical and production solutions company, has underscored the critical importance of domestication in Nigeria’s oil and gas sector. Speaking during the opening ceremony of the Nigerian Association of Petroleum Explorationists (NAPE) 2024 Annual International Conference, held at Eko Hotel, Lagos, the company’s Chief Executive Officer, Mr. Ken Okeiyi, in his keynote address, emphasised the need to strengthen local content and leverage indigenous companies to drive the sector’s growth. The NAPE 2024 conference brought together stakeholders from the energy industry under the theme: ‘Resolving the Nigerian Energy Trilemma:…
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Grandson of Legendary Arochukwu King Kanu Oji Emerges Eze Aro, To Be Crowned Dec 26th

Grandson of Legendary Arochukwu King Kanu Oji Emerges Eze Aro, To Be Crowned Dec 26th

Foremost oil magnate and Managing Director/Chief Executive Officer (CEO) of ND Western Limited, an oil and gas company in Nigeria, Prince Engr. Eberechukwu Oji, has been selected to mount the throne of Arochukwu ancient Kingdom, in Abia State. Oji is also a grandson of Eze Kanu Oji, the king who was crowned at age 14 in 1914, and reigned from then until 1986, launching Arochukwu kingdom into profound greatness. Prince Oji, who expressed readiness to mount the throne come December 26, 2023, made this known during a Zoom Press Conference with journalists on November 6, 2023. Prince Engr. Eberechukwu Oji,…
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