Daniel Terungwa Egypt’s central bank has launched a $948.8m initiative to help car owners convert their vehicles to natural gas. pushing ahead with a call by the country’s president earlier last year. The loans, which comes with an interest rate of 3%, will be provided through banks to individuals seeking to replace their gasoline-powered vehicles…
Daniel Terungwa Moydow Holdings Limited an associate company of British firm, Panthera Resources Plc, has commenced drilling at its Paimasa Project in Nigeria. The company made this known in a disclosure sent to the London Stock Exchange. The gold exploration and development company which is diversified with assets in West Africa and India, said the…
By Mordi Chukwunonso Esther Accugas, a subsidiary of Savannah Energy, has entered into a revised gas sales agreement, GSA, with Lafarge Africa Plc for the supply of gas to its Mfamosing cement plant in Cross River State, Nigeria. In a statement, Savannah said the contract term with Lafarge extends for five years to January 2037,…
By Mordi Chukwunonso Esther Oil and gas industry experts have argued that the fiscal terms in the current Petroleum Industry Bill, PIB, may result in Nigeria losing over 30 percent of its deep-water production potential by 2030. This was disclosed in a document issued by the Oil Producers Trade Section, OPTS, of the Lagos Chamber…
By Mordi Chukwunonso Esther The 2011 Bonga spill victims, who have been pursuing legal means to actualise their quest to effect compensation under the aegis of Oil Spill Initiative Vanguard in a suit number HT -2017 -000383 and HT-2020 -143 Bonga Oil Spill, December 20th, 2011 against Shell Trading and Shipping Company Limited (STATSCO) and…
By Mordi chukwunonso Esther THE Enugu Akwu-Achi community in Oji River Local Government Area of Enugu State, have applauded the kind gesture of their illustrious son and a staff of Chevron Nigeria Limited, Victor Chimaobi Anyaegbudike, who recently embarked on the rehabilitation of Obodo Ukwu – Umuike – Inyi link road in the community. The…
By Mordi Chukwunonso Esther Total Exploration and Production Nigeria Limited, TEPNG, has assured offshore host communities of inclusion in its upcoming Ikike project, saying that benefits of the project will be brought to the people.TEPNG General Manager, Community Affairs Projects and Development, Mr. Obinna Ofoezie, who disclosed this at the stakeholders sensitization programme, said offshore…
LAGOS December 24, 2020: Lagos Deep Offshore Logistic Base, LADOL has once proven to be one of the top performing and compliant companies in Nigeria, as the company overcame the 2020 challenges and renewed its International Organization Standardization, ISO 45001:2018, 14001:2015 and 9001 certifications.In 2018 LADOL became the first company in West and North Africa to…
Daniel Terungwa The Managing Director of Nigerian Ports Authority (NPA) Hadiza Bala Usman has stated that NPA would introduce an electronic clearing system for cargoes to ease traffic gridlock at the port by January 2021. NPA boss made known when she accompanied the Minister of Transportation Rotimi Amaechi on the inspection of port access roads…
By Mordi chukwunonso Esther The Ijaw Youth Council, IYC Worldwide has cautioned the Nigerian Agip Oil Company, NAOC, against planned sacking of employees from her host communities, who occupy managerial positions in the company. This is coming few days after Concerned Landlords and Indigenes of Host Communities to NAOC, had threatened to shut down operations…