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Sep122024 by Rareview1 Comment

NNPC FOUNDATION RAISES CONCERN OVER RISING HEART DISEASE DEATHS

Health

EMMANUELLA Arukwe, Managing Director of NNPC Foundation, has expressed concern over rising prevalence of heart disease fatalities in the country. Arukwe spoke at the 53rd annual general meeting and scientific conference organised by the Nigerian Cardiac Society (NCS) on Wednesday in Port Harcourt. The theme of the conference was “Socio-Economic Burden of Rising Cardiovascular Disease Profile in Sub-Saharan Africa.” Represented by Mrs Dominion Eugenia, the Foundation’s Executive Director of Finance, Arukwe said that the foundation was supporting healthcare initiatives to lower mortality rates. She said that data from global heath institutions revealed more than 18 million annual deaths from cardiac failure, making the disease the leading cause of global deaths at 32 per cent. ...

Sep122024 by RareviewNo Comments

NLNG TRAIN 7 PROJECT SETS NEW STANDARDS FOR LOCAL CONTENT IN NIGERIA’S OIL AND GAS INDUSTRY

Energy

By Ali Elias This is the key insight garnered during a visit, last week, by the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Omatsola Ogbe, to Nigeria LNG's (NLNG) six-train plant, Train 7 Project site, and the Maritime Centre for Excellence (MCOE) in Finima, Bonny Island, Rivers State, NLNG's Managing Director and Chief Executive Officer, Dr. Philip Mshelbila, emphasized the project's significant impact on Nigeria's economy. He highlighted that the Train 7 Project would not only create jobs and drive sustainable development but also strengthen Nigeria's position in the global energy market. Represented by NLNG’s Deputy Managing Director, Mr. Olakunle Osobu, Dr. Mshelbila praised the NCDMB's unwavering support for the Train 7 Project, de...

Sep102024 by RareviewNo Comments

NNPC AND CHEVRON TRANSITION JV ASSETS TO PIA TERMS, MARKING MAJOR MILESTONE IN NIGERIA’S OIL SECTOR

Energy

R-L: GCEO NNPC Ltd, Mr. Mele Kyari; Director, Deepwater and Production Sharing Contract (PSC) of Chevron Nigeria Limited (CNL), Mrs. Michelle Pflueger and Queen Nwaha Torkwasi of Legal Department, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), display signed documents during a ceremony on conversion of the NNPC/CNL JV assets into PIA terms, held at the NNPC Towers in Abuja, on Monday. By Ali Elias NNPC Ltd and Chevron Nigeria Ltd (CNL) have successfully transitioned five Joint Venture (JV) assets to the new Petroleum Industry Act (PIA) terms, marking a significant milestone in Nigeria's oil and gas sector. This conversion, which aligns with the PIA 2021 provisions, shifts the assets from the Petroleum Profit Tax (PPT) regime to the more investor-friendly PIA framework. At...

Sep102024 by RareviewNo Comments

“NNPC LTD NOT THE SOLE OFFTAKER; MARKET OPEN TO LOWER PRICES FROM ANY DOMESTIC REFINERY”..NNPC

Energy

By Ali Elias The Nigerian National Petroleum Company Limited (NNPC Ltd) has responded to allegations made by the Muslim Rights Concern (MURIC) concerning its actions towards Dangote Refinery Limited (DRL). MURIC claimed that recent adjustments to the pump price of Premium Motor Spirit (PMS) by NNPC Ltd are undermining Dangote Refinery's ability to offer competitive prices and that NNPC Ltd has positioned itself as the exclusive offtaker of all products from the refinery. In a bid to clarify the situation, NNPC Ltd has issued a statement to address these concerns and provide accurate information on the matter. According to the Press release, “The attention of the NNPC Ltd has been drawn to a press release by the Muslim Rights Concern, MURIC, which claims that the Dangote Refinery Limi...

Sep82024 by RareviewNo Comments

ES NCDMB, ABIA GOV MEET OVER INDUSTRIAL PARK

Energy

(L-R) Engr. Felix Ogbe & Gov. Alex Otti By PR The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday, September 6, 2024 met with Dr Alex Otti, Governor of Abia State, at the Government House, Umuahia. The meeting was on the request of the Abia State government for the participation of the NCDMB in the proposed Abia Innovation and Industrial Park (AIIP), Owaza, Abia State The AIIP, which covers 1995 hectares of land, is made of industrial, commercial, and residential areas. The project is expected to cost over USD 1.3 billion with the potential to create thousands of jobs. The AIIP also hopes to harness the abundant oil and gas reserves within Ukwa for the development of the park and communities...

Sep82024 by RareviewNo Comments

DANGOTE REFINERY REINFORCES NIGERIA’S POSITION ON GLOBAL ENERGY STAGE – CORAN

Energy

CORAN Chairman, Mr Momoh Oyarekhua THE Crude Oil Refinery-owners Association of Nigeria (CORAN) says the commencement of production of Premium Motor Spirit (PMS) by Dangote Refinery has reinforced Nigeria’s position on the global energy stage. Chairman of the association, Mr Momoh Oyarekhua, said this on Thursday in a statement while congratulating Mr Aliko Dangote and his team at the Dangote Refinery, on the remarkable achievement of commencing the production of PMS. Oyarekhua said that the refinery’s commencement had put the country on the path of self-sufficiency in petroleum products refining and development of associated industries. He said that the significant milestone was not only a testament to the dedication and hard work of Dangote Refinery but also a reflection ...

Sep82024 by RareviewNo Comments

NCDMB LAUDS NIGERIAN CONTENT ACHIEVEMENTS IN NLNG’S TRAIN 7 PROJECT, CALLS FOR GREATER INDUSTRY COLLABORATION

Energy

ES NCDMB, Engr. Felix Ogbe, holds a bouquet of flower By PR The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has commended the significant Nigerian Content strides achieved in the Nigeria LNG Limited (NLNG) Train 7 Project. Speaking on Friday during a visit to the NLNG six-train plant, Train 7 Project construction site, and the NLNG Shipping and Marine Services Limited (NSML) training centre, Maritime Centre for Excellence (MCOE) in Finima, Bonny Island, Rivers State, Engr. Ogbe emphasised the need for increased collaboration and advocacy for Nigerian Content in the oil and gas industry. Engr. Ogbe was received by Mr. Olakunle Osobu, Deputy Managing Director; Engr. N...

Sep82024 by Rareview14 Comments

“EVEN IF WE BRING GUARDIOLA” –BONIFACE, SUPER EAGLES STRIKER

Sports

Victor Boniface By Ali Elias Boniface, who made his debut for Nigeria under Jose Peseiro and later played under Finidi George, is set to compete in the upcoming AFCON 2025 qualifiers under another home-based coach, Augustine Eguavoen. Despite Nigeria's AFCON 2013 triumph under the late Stephen Keshi, many fans remain skeptical about having a home-based coach lead such a talented squad, believing that a foreign coach might better harness the team's potential. However, Boniface disagrees with this perspective, dismissing the criticism of coaches, whether local or foreign. “The truth is even if we bring Guardiola, Nigerians will still have something to say, but I’m a type of person that doesn’t care about what people think, because we’re they’re not here with the team. Our job is to ...

Sep62024 by RareviewNo Comments

NMDPRA GRANTS WALTERSMITH 5,000 BPD EXPANSION LICENSE AS REFINERY TARGETS 40,000 BPD

Energy

Waltersmith Refinery By Ali Elias The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced yesterday that it has granted Waltersmith in Ibigwe, Imo State, an additional 5,000 barrels per day (bpd) license as part of the refinery's Phase 2 development. This modular refinery, which initially had a 5,000 bpd capacity under Phase 1, is being expanded to 10,000 bpd, with plans to further increase capacity to 40,000 bpd in the near future. "Today, the Authority granted a License to Construct (LTC) of Phase 2 to Waltersmith Refining and Petrochemical Company Limited," said Farouk Ahmed, the Authority's Chief Executive, adding that the refinery is expected to be commissioned by the third quarter of 2025, with plans to move forward to Phase 3 immediately afte...

Sep62024 by RareviewNo Comments

OPL 245, TINUBU/OANDO, ENI(AGIP) RECENT OIL DEALS: WHAT NIGERIANS DON’T KNOW

Opinion

Photo by Realnews By Ifeanyi Izeze MISCHIEF, a major preoccupation of the human mind has been perfected by the word government and governance in our clime. And its manifestations are seen everywhere and in everything those who rule Nigeria do. It makes it very difficult or rather nearly impossible for us to discern between pure egocentricity/greed and genuine good intentions because the dividing line has become so thin that both can blend into each other without obvious signs on the outside for the gullible followers to see. Come to think of it that when big multinational companies are leaving Nigeria in drones to other countries as a result of the nation’s poorly performing economy and harsh policies of the government, the market value of Oando Plc – run by President Bola Tinubu’...