Russian Upstream Investments Set to Plunge by $15 billion this Year as Sanctions Obscure Production Outlook – Rystad Energy The financial impact of Western sanctions and the widescale exodus of foreign partners from the Russian oil and gas sector are beginning to materialize, with upstream investments set to sink to $35 billion in 2022, according…
TCN Delivers 22 Power Transformers, Other Transmission Equipment to its Lagos Store The Transmission Company of Nigeria (TCN) has delivered 22 brand new power transformers, spare parts and critical equipment to its Central Store in Ojo, Lagos. According to TCN, more equipment are expected to arrive Lagos Port for onward delivery to the store, for…
NNPC/TotalEnergies JV Kick-Off 2022 OML58 Football Competition TotalEnergies EP Nigeria Limited, TEPNG/NNPCL Joint Venture on Tuesday kicked off the 19th edition of the company’s annual football competition for youths of OML58 communities in Rivers State. OML58 which is operated by the French multinational is hosted by several communities cutting across Ikwerre, Emuoha, Ahoada-East, Ahoada-West, and…
Nigeria International Humanitarian Summit Postponed The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has announced the postponement of the first Nigeria International Humanitarian Summit earlier scheduled to hold from November 30th to December 2nd, 2022 at the State House Banquet Hall, Abuja. While expressing regret over inconveniences the postponement may have caused…
NDPHC Emerges Winner of NPS Project of the Year Award Niger Delta Power Holding Company (NDPHC) Limited has emerged winner in the Project of the Year category of the maiden Nigeria Power Sector (NPS) Awards 2022 for 2X150MVA and 2x60MVA 330/132/33KV Lafia transmission substation. The Power Sector Awards is an initiative designed to recognize, celebrate…
OPEC Daily Basket Price Closes at $79.93 Per Barrel The price of OPEC basket of thirteen crudes stood at $79.93 a barrel on Monday, compared with $83.80 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo),…
100+ Unmanned Vessels to be Deployed in Gulf Region’s Strategic Waters A US-led task force will deploy over 100 unmanned vessels in the Gulf region’s strategic waters by next year to stave off maritime threats, the US Central Command chief said Saturday. The announcement by General Michael Kurilla at the annual Manama Dialogue conference in…
OML 130 Partners Commission CSR Projects in Seven States In furtherance of its corporate social responsibility, NNPC, TotalEnergies and partners have commissioned projects in Osun, Kwara, Imo, Enugu, Anambra, Benue and Rivers States. The projects range from fully equipped solar borehole and water treatment plants, women development and skills acquisition center, solar-powered science laboratory, mammography…
Seplat Energy wins Highest Net Asset Ratio Award at The Pearl Award 2022 Seplat Energy Plc, a dual listed energy company, has emerged winner of the tensely coveted ‘Highest Net Asset Ratio’ award at The Pearl Award 2022. The energy company was announced winner by the organisers of the award at a ceremony held in…
Heritage Energy, Joint Venture Partners Conduct Scholarship Selection Tests for OML 30 Community Beneficiaries Over 300 participants from 112 host communities Lagos, Nigeria, 29th November 2022: Heritage Energy Operational Services Limited (HEOSL), Operator of the OML 30 Joint Venture (JV) between NNPC E&P Limited (NEPL) and Shoreline Natural Resources Limited (SNRL), on behalf of…