Eni to Sell Nigerian Subsidiary to Oando Italian energy giant Eni has inked a deal to offload its Nigerian exploration and production subsidiary to local energy firm Oando. The financial specifics of the transaction remain undisclosed. The subsidiary in question, Nigerian Agip Oil Company (NAOC), is a key player in the Nigerian energy landscape, focusing…
NCDMB ICPC Hold Workshop on Anti-Corruption Requirements in Contracting and Public Procurement The Nigerian Content Development and Monitoring Board (NCDMB) in conjunction with the Anti-Corruption Academy of Nigeria (ACAN), an organ of the Independent Corrupt Practices Commission (ICPC) recently organised a 2-day sensitization workshop for the Board’s staff in Abuja. Delivering the keynote address at…
Twelve Illegal Oil Refining Sites Uncovered by Army, NSCDC in Delta The Nigerian Army and collaboration with the Nigerian Security and Civil Defence Corps (NSCDC), uncovered at least 12 illegal oil refining sites in Owahwa Creek, Ughelli South Local Government Area of Delta state. This was revealed on Monday in a statement by the Director,…
Well Construction: Welltec Launches 4-in-1 Solution for Enhanced Reliability in New, Existing Completions Welltec®, a global technology company that develops and provides hi-tech solutions for the energy industry, has launched a life-of-well, API-qualified completion system for anchoring in cased hole – the Welltec® Expandable Anchor (WEA). The new solution is a product that has the…
Lekki Port moves to Fast-Track Cargo Delivery In a bid to maintain its position as top rated container terminal operator, the management of the Lekki Port LFTZ Enterprise Limited (the promoters of Lekki Deep Sea Port), has commissioned a state-of-the-art scanning facility to help fast track its efficiency in cargo delivery. In a statement, the…
Indonesia: Pertamina Plans more Biofuel Products, Ethanol Imports in 2024 Indonesian state energy company Pertamina plans in 2024 to mix more of its gasoline products with ethanol in a bid to offer alternative fuels to the public, its chief executive said on Monday. The company will mix its 90-octane gasoline, Indonesia’s most widely used fuel…
Nigeria Mining Week returns to Abuja in October, a sign of “great commitment” from Partners Dr. Mary Ogbe, Nigeria’s Permanent Secretary in the Ministries of Solid Mineral and Steel Development (formerly known as the Ministry of Mines and Steel Development) has said Nigeria Mining Week, taking place in Abuja from 16–18 October, “promises to be…
Climate Change: IMF Calls for Phase Out as Fossil-fuel Subsidies Gulp $7 Trillion in 2022 The International Monetary Fund (IMF) has said that fossil-fuel subsidies gulped $7 trillion in 2022 as governments supported consumers and businesses during the global spike in energy prices caused by Russia’s invasion of Ukraine and the economic recovery from the…
STOAN Pledges Support for Oyetola’s Effort to Harness Blue Economy The Seaport Terminal Operators Association of Nigeria (STOAN) has promised to fully support the Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, to harness the potentials of the maritime sector. The Chairman of STOAN, Princess Vicky Haastrup, who said this in a statement issued…
Iran Summons Swiss Diplomat over U.S. Seizing Oil Tanker in Texas Iran has summoned the chargé d’affaires of the Swiss Embassy in Tehran to voice its “strong objection” over the U.S. seizing an Iranian oil tanker that has been sitting for months offshore Texas, the AP reported on Monday. Since the 1979 crisis with U.S….