Page 3 - Kaztec Engineering News Today

EXPOSED: Petroleum Minister, Cronies Plot Kangaroo NNPC Report To Divert $650million Oil Contracts To Themselves The decision to hurriedly sell the OMLs had been conveyed in a letter signed by the Director of the Department of Petroleum Resources, the industry’s regulatory agency. by SaharaReporters, New York Apr 26, 2021 The last may have not been heard about the mega fraud concerning four Oil Mining Leases formerly operated by the Addax Petroleum Nigeria Limited, which are being plotted to ...

The last may have not been heard about the mega fraud concerning four Oil Mining Leases formerly operated by the Addax Petroleum Nigeria Limited, which are being plotted to be diverted to proxy firms linked to the Minister of State for Petroleum Resources, Timipre Sylva, and President Muhammadu Buhari’s nephew, Mamman Daura. Sylva has set up a kangaroo committee of the Nigerian National Petroleum Corporation headed by Senator Magnus Abe to look into the four leases – OMLs 123, 124, 126 and ...

2 Min Read A sign is pictured outside the headquarters of Addax Petroleum in Geneva, Switzerland March 25, 2017. REUTERS/Denis Balibouse/File Photo ABUJA (Reuters) - Nigeria’s president restored four oilfield licences to Addax, a company controlled by China’s Sinopec, his office said in a statement, overruling a previous revocation from the country’s petroleum regulator. The restoration of the fields roughly three weeks after the Department of Petroleum Resources rescinded them was aimed...

ON THE GO Insecurity: Zamfara orders immediate closure of four markets The Zamfara government has ordered the immediate closure of four markets in the state.Advertisement The development comes hours after 30 people were reportedly killed when gunmen attacked some communities in... Reps vote against bill seeking to limit cases for supreme court A bill seeking to reduce the category of appeals that get to the supreme court suffered a setback in the house of representatives on Th...

Eromosele Abiodun In a bid to halt capital flight occasioned by dry docking of vessels outside Nigeria, the vessel management company of the Nigeria Liquefied Natural Gas (NLNG), thNLNG Ship Management Limited (NSML), is working with its foreign partners to set up a standard dry-docking facility in the country. The Managing Director, NMSL, Abdul-Kadir Ahmed, disclosed this. Ahmed said the planned facility, when fully operational will put an end to capital flight and conserve the much-needed for...

2 Min Read LAGOS, April 7 (Reuters) - Nigeria’s oil and gas regulator has revoked four licences held by Addax Petroleum, it said in a statement on Wednesday, a highly unusual move for licences with producing assets. Department of Petroleum Resources director Sarki Auwalu said in a post on the DPR website that Addax was not developing the assets sufficiently. A DPR spokesman said the licences had already been re-awarded to Kaztec Engineering Limited and Salvic Petroleum Resources Limited. Two ...

By Edith Ike-Eboh Abuja, April 7, 2021 The Federal Government has formally received the report from committee on compensatory contracts and others incentives for KAZTEC Engineering Ltd. Kaztec Engineering Limited is a subsidiary of Chrome Group, an indigenous engineering and fabrication company owned by Chief Emeka Offor. The Company’s Fabrication yard on Snake Island, which houses Badagry Creek Industrial Park Free Trade Zone, licensed in 2014 was grounded in March 2015 when Addax Petroleum...

Nigerias oil regulator revokes four Addax field licences 07 Apr 2021 Addax Petroleum, according to a Reuters report. Department of Petroleum Resources (DPR) director Sarki Auwalu said in a post on the DPR website that Addax was not developing the assets sufficiently and that the four revoked assets, OML 123, OML 124, OML 126 and OML 137, had already been re-awarded to Kaztec Engineering and

Views: Visits 43 Nigeria’s oil and gas regulator, Department of Petroleum Resources, DPR has revoked four licenses held by Addax Petroleum, a highly unusual move for licenses with producing assets. The head of the agency, Sarki Auwalu said in a post on the DPR website that Addax was not developing the assets sufficiently, adding that the licenses had already been re-awarded to the operator’s former contractor, Kaztec Engineering Limited and Salvic Petroleum Resources Limited. Kaz...

By Emeka Anaeto & Udeme Akpan     ENERGY THE Federal government has revoked four Oil Mining Leases, OMLs belonging to Addax Petroleum Nigeria Limited citing  inability to comply with work programme targets. The OMLs are, 123, 124, 126 and 137, all operated by Addax Petroleum Development Company Limited, APDCL and Addax Petroleum Exploration Nigeria Limited, APENL. According to DPR, the revocation and re-award  have  already been approved by President Muhammadu Buhari, who doubles as the Mi...