Akwa Ibom Governor Advocates Collaboration with NDDC to Enhance Regional Development Akwa Ibom State Governor, Umo Eno, has called for enhanced collaboration with the Niger Delta Development Commission (NDDC) to expedite development in the oil-rich region. During a meeting with NDDC’s Governing Board chaired by Chiedu Ebie, Governor Eno underscored the state’s dedication to President…
Dutch Firm Accuses NUE Offshore of Armed Robbery, Petitions IGP A Dutch defense, shipbuilding, and engineering group has formally complained to the Inspector General of Police (IGP), Dr. Kayode Egbetokun, accusing NUE Offshore Resources Limited and its Managing Director, Uyi Igbinigie, of armed robbery against its vessel docked at the National Inland Waterways Authority (NIWA)…
Nigeria’s Maritime Agency Introduces Service Charter to Enhance Blue Economy With the aim of revolutionizing Nigeria’s maritime industry and fostering sustainable progress, the Nigerian Maritime Administration and Safety Agency (NIMASA) has unveiled a new Service Charter. This document outlines essential commitments aimed at enhancing efficiency, transparency, and accountability within the agency, with the overarching goal…
NNPC and CBN intensifies collaboration to optimize financial operations. NNPC’s decision to centralize banking services with the CBN aims to enhance efficiency and transparency. This move reflects NNPC’s confidence in the CBN’s stability and reliability, fostering a conducive environment for growth in Nigeria’s energy sector. Key Developments Streamlined Financial Operations Centralizing a significant portion of…
NCDMB Partners Senate Committee on Local Content to boost Local Content Implementation The Nigerian Senate Committee on Local Content and the Nigerian Content Development and Monitoring Board (NCDMB) have forged a significant partnership aimed at bolstering local content implementation in the country’s oil and gas sector, with the overarching goal of job creation and economic…
Exodus as TotalEnergies Follows Shell Out of Nigeria’s Onshore Oil Scene The departure of TotalEnergies from Nigeria’s onshore oil sector, following in the footsteps of Shell and other major oil companies, signals significant shifts in the country’s energy landscape. Here are some key implications and considerations: Challenges in the Onshore Oil Sector Safety, security, and…
Federal, State, and Local Governments Benefit from N2.517 Trillion FAAC Exchange Rate Gain in 2023 In a significant financial development, the Federal Government, alongside the 36 states and all local government areas (LGAs) in Nigeria, shared a substantial sum of approximately N2.517 trillion as FAAC exchange rate gain for the fiscal year 2023. This revelation…
NNPC Collaborates with US and Deloitte to Address Greenhouse Gas Emissions in Nigeria. In a proactive move to address environmental concerns, the Nigerian National Petroleum Company (NNPC) has forged a partnership with the US Department of State and global consultancy firm Deloitte. Together, they aim to confront greenhouse gas emissions stemming from NNPC’s upstream operations….
Palantir and Bapco Upstream Form Alliance to Advance AI-Driven Energy Production in Bahrain Palantir Technologies and Bapco Upstream have revealed a strategic partnership aimed at deploying AI systems to optimize energy production in Bahrain. This collaboration is poised to assist Bahrain in fulfilling its commitment to reducing carbon emissions and integrating its energy infrastructure effectively….
Orsted Lowers Production Targets Due to Escalating Operational Costs Orsted, the global leader in offshore wind development, has declared a decrease in its production targets as a result of rising operational expenses. This development has initiated a broader conversation surrounding the cost-efficiency and sustainability of renewable energy sources. Key Points: Reasons for Recalibration: Orsted, the…
