Saudia Arabia to Extend Oil Production Cut, OPEC Delegates Predict Saudi Arabia is expected to extend its unilateral 1 MMbpd oil production cut for at least another month, as global crude markets remain pressured by economic fears. Riyadh surprised oil traders earlier this month when it announced the extra cutback, which came on top of…
NLNG Announces Q1 2024 for Completion of Bodo-Bonny Road The Nigeria LNG Limited, NLNG, has announced that the 38KM Bodo-Bonny Road currently being constructed by the company in collaboration with the Federal Government will be completed by the first quarter of 2024, with plans to connect it to the East – West Road. Managing Director…
Labour Asks FG to Shelve Proposed Power Tariff Hike Organised labour, under the umbrella of the Nigeria Labour Congress, NLC, has asked the Federal Government to shelve the plan to hike electricity tariff by 40 percent from July 1, describing the move as insensitive and callous. The NLC also said the move reflected an organised…
Proposed NIMASA, Customs, FIRS Merger, Dangerous A former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Adegboyega Dosunmu, has said that the suggested merger of the Agency with the Nigeria Customs Service (NCS) and the Federal Inland Revenue Service (FIRS) would spell doom for both the maritime industry and the nation’s…
UK’s Labour Vows to Make Britain a Clean Energy Superpower By 2030 Britain’s main opposition Labour Party on Monday pledged to turn the country into a clean energy superpower by 2030, saying it would overturn a ban on new onshore wind farms while respecting any oil and gas licences granted before the next election. Labour,…
Shell-Led Dutch Wind Farm Delivers First Electricity The first electricity has been produced from the large Hollandse Kust Noord offshore wind farm, companies running the project said on Monday. In a statement, the CrossWind consortium led by Shell and Mitsubishi subsidiary Eneco said it had delivered several megawatt-hours worth of electricity to the Dutch mainland…
Rivers Government endorses NNPC, Shell LiveWIRE Programme RIVERS State Government has said it will collaborate with The Shell Petroleum Development Company of Nigeria Limited (SPDC) and other corporate citizens to achieve its major objective for young men and women of the state to take up livelihoods that will give them brighter future. Permanent Secretary, Ministry…
Israel Approves Gas Field Development Offshore Gaza Strip Israel has decided that the Gaza Marine natural gas field offshore Gaza should be developed, subject to security coordination with the Palestinian Authority and Egypt, Israel’s government said on Sunday. “In the framework of the existing efforts between the State of Israel, Egypt and the Palestinian Authority…
NGA Congratulates Verheijen on FG Appointment, Commends Innoson for producing gas-fueled vehicles The Nigerian Gas Association (NGA), the umbrella body and the voice of the operators and players in the country’s gas value chain, has hailed the appointment of Ms Olu Verheijen as the Special Adviser on Energy to the newly sworn-in President of the…
SNEPCo Paid More than $900 Million in Taxes, Royalties in 2022 Shell Nigeria Exploration and Production Company (SNEPCo) paid a total of $907 million as taxes and royalties to the Nigerian government last year as its operations continued to contribute to the national purse to finance development. Also last year, the company and its partners…