Divestments of Oil Assets: NCDMB Warns Against Reduction in Compliance, Tax Revenue The ongoing and planned divestments of onshore assets by some international operating oil and gas companies (IOCs) and subsequent acquisition by Nigerian operating companies must not be allowed to impact negatively on the level of compliance with the Nigerian Oil and Gas Industry…
TWF Assembly 2024 Pre-Conference Workshop Elevate your knowledge, increase your depth, and enhance your employability in today’s highly competitive industry driven by constantly updated skills and knowledge in Oil and Gas, Energy, Process Plants and facility engineering. Join TWF pre-conference workshops to increase your technical knowhow in Integrity Management of Oil and Gas Assets from…
ADIPEC 2023: Ekpo woos Investors into Gas Sector with Promise Of Favourable Fiscal, Operation Environment Minister of State Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has reiterated the commitment of the Federal Government in creating an enabling operational and fiscal environment to support investments in the upstream, midstream and downstream gas sectors. The minister stated this…
Russia: Oil and Gas Revenues Rose By 15% in September Russia’s oil and gas revenues increased by 15% from August to $7.4 billion (739.9 billion Russian rubles) in September, due to higher budget proceeds from the extraction tax and export duties, finance ministry data showed on Wednesday. Rising oil prices in September led to higher…
Asia Pacific to Invest $3.3 Trillion in Power Generation Over 10 Years The Asia Pacific region is poised to invest as much as $3.3 trillion in power generation over the next 10 years, half of which in solar and wind power, as India and China lead the growth in power demand and investments, Wood Mackenzie…
Europe’s Gas Rally Reignited by Chillier Weather Predictions European natural gas futures have reversed their steep decline after forecasts of cooler weather in the coming months increased the prospects of higher heating demand. Benchmark futures climbed as much as 4% on Tuesday’s session, before paring some gains. Dutch front-month gas traded 2.3% higher at €37.85…
SHELL PHOTOSTORY: SNEPCo HOSTs FAAN, Immigration
Savannah Energy increases Nigerian oil production by 12% – Half-year results show Savannah Energy PLC, the British independent energy company, has released its unaudited half-year results for the six months ended 30 June 2023. The half year (H1 2023) unaudited financial results, made available to TBI Africa, showed that the company’s total revenue grew 8%…
Dangote Cement Ibese sponsors 17 host communities youths on leadership skills As part of its Corporate Social Responsibility (CSR) towards empowering residents of its host communities, Dangote Cement Plc, Ibese Plant has partnered the umbrella youth association, the Yewa Youth Association to stage its maiden Leadership Conference successfully. Besides, the Cement Company also sponsored youths…
Coal Production Surges By 83% at India’s Largest Power Firm India’s state power giant NTPC Ltd reported on Tuesday an 83% jump in coal production from the mines it operates in the first half of the 2023/24 fiscal year as India continues to rely on coal to meet most of its electricity demand. Coal still…