BP, Shell and EOG Compete for Acreage in Trinidad’s Oil and Gas Auction. Trinidad and Tobago recently concluded its 2023 shallow water auction, attracting bids from industry giants BP, Shell, and US shale producer EOG Resources. The auction, which closed on Monday, received a total of six bids on four exploration blocks. Energy Minister Stuart…
Reps Advocate for New Law to Combat Illegality in Maritime Sector. The House of Representatives Committee on Shipping Services and Related Matters stressed the significance of passing the Nigerian Shipping and Port Economic Regulatory Agency Bill into law to address arbitrary charges and other illegal practices by service providers in Nigeria’s maritime industry. During a…
FG Inaugurates NEITI’s Task Team on Oil, Gas, and Mining Sectors. The Federal Government has officially inaugurated the Inter-Ministerial Task Team (IMTT) of the Nigeria Extractive Industries Transparency Initiative (NEITI). The inauguration took place on Monday, marking a significant step in the continued effort to ensure transparency and accountability in Nigeria’s oil, gas, and mining…
Oil Prices Rise by 1% Ahead of Key Inflation Data. Oil Prices Bounce Back After a Downbeat Week Amid Market Anticipation of Inflation Data and Interest Rate Decisions In a modest trading session influenced by public holidays in Britain and the United States, oil prices rose by over 1% on Monday. This recovery follows a…
Nigeria Gains 16,300 Square Kilometres of Maritime Territory as UN Approves Extended Continental Shelf. President Bola Tinubu has commended the efforts of the High Powered Presidential Committee (HPPC) on Nigeria’s Extended Continental Shelf Project following the United Nations’ approval granting Nigeria approximately 16,300 square kilometres of additional maritime territory. This expansion is five times the…
NGA Commends Shell Nigeria for Its Contributions to the Country’s Gas Development. The Nigerian Gas Association (NGA) has praised Mr. Osagie Okunbor, Managing Director of Shell Petroleum Development Company of Nigeria Ltd. (SPDC), for his exceptional contributions to advancing Nigeria’s gas sector. NGA President Mr. Akachukwu Nwokedi expressed this admiration in a statement issued in…
Clean Cooking: Sahara Group Calls for Investment in LPG Infrastructure Across Africa. Sahara Group, a leading sustainable energy and infrastructure conglomerate, has emphasized the critical need for infrastructure development and collaboration among stakeholders to enhance the accessibility, affordability, and adoption of clean cooking solutions in Africa. Speaking at the Summit on Clean Cooking in Africa,…
NIMASA DG Applauds Women’s Contributions to Maritime Development. Dr. Dayo Mobereola, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), has highlighted the inspirational contributions of women in the maritime sector, which have driven the agency to improve its efforts. This statement was made during the 2024 commemoration of the International Day for…
Bristow Helicopters Seeks Collaboration with NCDMB In a promising development for Nigeria’s oil and gas sector, Bristow Helicopters in Nigeria recently embarked on a collaborative dialogue with the Nigerian Content Development and Monitoring Board (NCDMB). The meeting, which took place at the prestigious Nigerian Content Tower in Yenagoa, Bayelsa State, saw top executives from both…
Chevron Nigeria Reaffirms Commitment to Environmental Stewardship. Chevron Nigeria Limited (CNL) has refuted reports linking it to environmental degradation in its areas of operation, reiterating its commitment to environmental health and safety. In a statement issued by Esimaje Brikinn, General Manager of Policy, Government and Public Affairs at Chevron Nigeria Limited, the company emphasized: “Chevron…
