OPEC+ compliance with pledged oil output curbs is averaging 85 percent so far in January, tanker tracker Petro-Logistics said on Monday, suggesting the group had improved its adherence to pledged supply curbs. Reuters reports that the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, agreed to increase output by…
By Ikenna Omeje The Minister of State for Petroleum Resources, Timipre Sylva, has defended the proposed 2.5 percent of oil companies operating expenditure to host communities, as captured in the Petroleum Industry Bill (PIB) 2020, currently before the National Assembly. The leaders of the oil rich communities under the aegis of the Host Communities of…
Holding back on rapid mass testing is now a public health emergency extending the war against COVID-19, say experts, and industry sectors can potentially create safer back-to-work environments and negate the need for future lockdowns through public health adoption of regular use of easy-to-use rapid lateral flow tests in the workplace. The UK was first to recognise…
ALBA Group recycling trucks in Singapore already fitted with particulate filters from MANN+HUMMEL PureAir roof boxes introduced to improve air quality by extracting particulate pollution emitted by vehicles Technology set to be expanded to other markets in future Ludwigsburg/Singapore, 26 January 2021 – At the start of 2020, filtration specialists, MANN+HUMMEL, and global recycling and environmental services…
…Comes Top in Corporate Knights Ranking of World’s Most Sustainable Corporations Schneider Electric, the leader in the digital transformation of energy management and automation, on Monday, doubled down on its long-standing strategy to embed environmental, social and governance considerations into every facet of its activities – and to assist its customers and business partners in achieving their…
By Ikenna Omeje Italian energy giant, Eni, has announced the successful award of a new Production Licence, resulting from an application made in the 32nd UK Offshore Licensing Round. A release by the company on Tuesday said that the Licence, named P2511, covers an area of approximately 340 square kilometres and is located approximately 250 km offshore…
The Port Harcourt Electricity Distribution Company (PHEDC) says it has commenced distribution of 77,000 pre-paid meters to customers under the National Mass Metering Programme. In a statement in Port Harcourt, the company’s Head, Administration, Ngozi Koroye, said the meters were being distributed in its areas of operation in Rivers, Bayelsa, Akwa Ibom and Cross River…
The Chairman of Major Oil Marketers Association of Nigeria (MOMAN) and Managing Director of 11Plc, Adetunji Oyebanji, has reeled out the expectations of oil marketers for the downstream sector in 2021. In addition to total deregulation of the downstream sector, the marketers expect the passage of the Petroleum Industry Bill (PIB) and the completion of…
Mordi chukwunonso Esther The Nigerian content development and monitoring board (NCDMB) on Monday, donated office items to the Department of State Services, Bayelsa command. This is part of it’s Corporate social responsibility (CSR) to the Department of State Services for their service delivery to all stakeholders. The items where delivered by Engr. Okey Egbuta, Ag. General…
Mordi chukwunonso Esther The Federal Government has revealed plans to engage 30,000 graduates to serve as agriculture extension workers who will provide strategic support to farmers across the country. The FG also announced on Monday that it had empowered 20 young Nigerian farmers with an initial take off grant of N30m, adding that the fund…