Bayelsa communities shut oil wells

by: Mike Odiegwu Members of the Egbebiri communities in Biseni clan, Yenagoa, Bayelsa State, have seized the Idu oil field belonging to the Nigerian Agip Oil Company (NAOC).It was learnt that the field is made up of about five oil wells numbered as 3, 6, 8, 11 and 12.The Egbebiri communities were said to have…

The chief Monopoly Dangote Blackstone to invest N825 billion on power, transmission and pipeline projects

Dangote Industries and Blackstone today announced a commitment to jointly invest up to $5 billion (N825 billion) over the next five years in energy infrastructure projects across Sub-Saharan Africa with a particular emphasis on power, transmission and pipeline projects. The investment is facilitated by Black Rhino, a portfolio company of Blackstone Energy Partners and affiliated…