Ogbeifun, Ishola, Others Lament Government Neglect of Maritime Sector Many maritime stakeholders have lamented the poor growth recorded by the sector since Nigeria gained independence in 1962. The stakeholders were of the opinion that the performanceof the industry over a period of six decades has been sub-optimal. Speaking with SHIPS & PORTS, former President, Shipowners…
Israel, Totalenergies Hold Paris Talks On Gas Field off Lebanon A senior Israeli official was in Paris on Monday for talks with TotalEnergies SE about potential future profit-sharing from exploration by the company in a natural gas field off Israel and Lebanon, a source briefed on the matter told Reuters. Prospects for the Qana field,…
Europe Braces for Heavy Oil Refinery Outages amid Tight Supplies A heavy oil refinery turnaround season in Europe this autumn, plus French strike action, is set to push diesel prices higher and tighten supplies ahead of a European Union ban on Russian refined products which is due to come into force early next year. In…
NNPC Limited Announces Acquisition Of OVH Energy Marketing Limited To Drive Transformational Change In The Energy Sector OVH Energy Marketing (OVH), owner and operator of the Oando branded retail service stations, has been acquired by NNPC limited, and will be merged with NNPC Retail Limited (NRL). This strategic move aims to create the leading downstream…
Foreign Investments Inflow in Oil Sector Dips By 96% to $2.54m The inflow of foreign investments into the Nigerian oil and gas industry stood at $2.54 million in the first half of 2022, dropping sharply by 96.3 per cent compared with $68.57 million foreign capital inflow into the sector in the same period in 2021….
CISLAC Expresses Worries in Critical Areas as Nigeria Celebrates 62 Years The Civil Society Legislative Advocacy Centre (CISLAC) commemorates with all Nigerians and government at all levels on the occasion of 62nd Independence celebrations. We on this occasion acknowledge and commend the sacrifices and aspirations of our founding fathers, who through their doggedness worked tirelessly…
56% of energy to be generated in APAC region by 2030 With the Asia-Pacific (APAC) region expected to generate over half of the world’s energy by 2030, leading data and analytics company GlobalData notes that energy decisions made by the leaders of APAC countries in the next few years will have significant impacts on the…
Local Content in Nigeria’s Oil and Gas Industry Hits 47% – Wabote Local content in the Nigerian oil and gas industry has reached 47 percent, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has said. Wabote who made the disclosure in an interview to mark his sixth-year in…
Largest Bank in Canada Warns Electricity Supply May Falter Without Government Intervention The Royal Bank of Canada (RBC) has said that the North American country would struggle to meet rising electricity demand in coming years without significant government intervention. Canada’s energy consumption was projected to climb by 50% in the next decade by RBC in…
Climate Agitators Gather to Create Lasting Change as COP27 Nears About 400 young climate mobilisers and organisers from across the Global South will be gathering at a “climate justice camp” in Tunisia to strategise and demand an equitable response to the climate crisis from stakeholders. A statement from the organisers of Climate Justice Camp obtained…