Is This The End Of Naked Short Selling? American investors have been taken for a trillion-dollar ride by naked short sellers, in what could turn out to be the biggest financial regulatory scandal in North American history. While what is now an all-out war on naked short sellers intensifies, there is a new flashpoint on…
Adelabu Calls for Improved Public-Private Sector Synergy to Address Critical Challenges in Power Sector Nigeria’s Minister of Power, Adebayo Adelabu, has stressed the need to create an improved partnership between the public and private sectors to address critical issues in the Nigerian power sector. The Minister, who made the call at the just concluded 2023…
PIA is an Attempt to Overhaul the Oil and Gas Industry- Fabunmi, GM Operations, Asiko Energy The Petroleum Act (PIA) 2021 has been described as one of the most audacious attempts to overhaul the petroleum industry. Busayo Fabunmi, General Manager, operations, Asiko Energy Holdings Limited said this at the just concluded annual International Strategic Conference…
Oando Boss Calls for Regional Cooperation for a Just Energy Transition At the recently concluded Africa Oil Week, in Cape Town, South Africa , Chief Operating Officer, Oando Energy Resources, Dr. Ainojie Irune called for regional cooperation amongst African nations to accelerate the continent’s energy transition. He said “For African countries, the energy transition presents…
Qatar and Shell Sign 27-Year Deal to Supply LNG to the Netherlands QatarEnergy and Shell have signed two long-term LNG deals to supply LNG from Qatar to the Netherlands for 27 years starting in 2026 when Qatar’s first export expansion projects are expected to come online. Under the sale and purchase agreements, Qatar and Shell…
Iran’s Call for Oil Embargo on Israel Falls On Deaf Ears in OPEC+ The OPEC+ group doesn’t plan to take any immediate action in the wake of the Iranian call for Islamic countries to impose an oil embargo on Israel over the war with Hamas in Gaza, OPEC+ sources told Reuters on Wednesday. Earlier in…
Oando Wins ESG Company of the Year Award at African Energy Award 2023 Oando, Nigeria’s leading indigenous energy solutions provider bagged the award for ESG Company of the Year at the ongoing African Energy Week in Cape Town, South Africa. The award recognises the company’s strides in investing in climate-friendly and bankable energy solutions across…
WIEN Requests Tinubu to Embrace Gender Diversity, Inclusion Foremost gender advocacy group in the energy industry, Women in Energy Network (WIEN), has requested President Bola Ahmed Tinubu to embrace gender equity and inclusion in meeting the 35 percent inclusion policy on key government appointments. The group which promotes affirmative action and gender equity for…
Programme Unveiled for Eighth SAIPEC 2024 The Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), hosted by PETAN will once again return to the Eko Convention Centre, Lagos, 13 – 15 February 2024 for its 8th edition, with billions of dollars of project opportunities across Africa being showcased throughout. SAIPEC, with local content at…
Local Content is Africa’s Route to Economic Development- Exec Sec NCDMB African nations seeking to achieve economic prosperity must develop local capabilities to process, utilize, and export their resources as a means of powering their growth and development, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote said…