Minister Lokpobiri Blames Shell’s TNP and Maintenance Activities for the Drop in Oil Production. Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), has linked Nigeria’s recent decrease in oil production capacity to issues concerning the Shell-operated Trans Niger Pipeline (TNP) and maintenance activities conducted by certain oil companies. In response to the…
ECOWAS to Launch of Energy and Transport Sectors Fund by End of 2024. The Economic Community of West African States (ECOWAS) is on the verge of launching a specialized fund targeted at strengthening the energy and transportation sectors by the end of 2024. This initiative aims to tackle a significant financing shortfall of more than…
Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum scheduled to address ‘The Petroleum Club.’ Nigerian Petroleum Minister, Heineken Lokpobiri, is set to grace the second quarterly dinner lecture of the Petroleum Club of Lagos for 2024 as the special guest of honor. The Minister of State for Petroleum will address the audience on the theme…
TotalEnergies Restarts Gas Production at the Tyra Offshore Hub after a Major Redevelopment. TotalEnergies announces the restart of production from the Tyra hub in the Danish North Sea, after the completion of a major redevelopment project of this hub. At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22,000 barrels…
Heatwave: Stakeholders Task Nigerians On Methane Emissions Control Stakeholders have urged Nigerians to take steps to decrease methane emissions in the environment and human health, given the ongoing heatwave across the country. These stakeholders voiced their concerns on Friday in Port Harcourt during a one-day roundtable discussion on methane reduction in Nigeria, organized by the…
ADNOC Contemplates BP Takeover, Stalled by Strategic Fit and Political Considerations. Recent discussions within the United Arab Emirates’ state-owned oil giant, Abu Dhabi National Oil Company (ADNOC), have centered on the possibility of acquiring Britain’s BP, sources familiar with the matter revealed. While preliminary talks took place, ADNOC ultimately decided against pursuing BP further, citing…
TWF, TARC Join Forces to Enhance African Content in 24,000km Railway Network Across 32 Countries In a bid to bolster intra-African trade and enhance value retention within the continent, stakeholders are forging partnerships and pathways to advance Africa’s integrated market agenda. The Welding Federation (TWF) and Trans Africa Railway Connection Limited (TARC Ltd) have inked…
Heatwaves May Put Millions of Asian Children at Risk — UN. Global monitors have warned that 2024 is shaping up to be the hottest year on record, marked by climate extremes and rising greenhouse gas emissions. According to UNICEF data, over 243 million children across the Pacific and East Asia are estimated to be affected…
OPEC Forecasts Strong Fuel Demand, Maintains Growth Outlook Amid Global Economic Potential. On Thursday, the Organization of the Petroleum Exporting Countries (OPEC) projected robust fuel consumption during the upcoming summer months and reaffirmed its forecast for relatively strong growth in global oil demand for 2024. The monthly report emphasized the potential for the world economy…
IMO Ready to Collaborate with NIMASA on Maritime Challenges – Secretary General. The International Maritime Organization (IMO) Secretary General, Arsenio Dominguez, has expressed eagerness to collaborate with the newly appointed Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, to address maritime challenges in Nigeria. Dominguez conveyed this sentiment in…
