Seplat Petroleum Development Company Plc last week sent positive signals to the capital market community and other stakeholders indicating the company’s determination to be a leading player in the oil and gas industry. The indigenous company, which listed on the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE) in 2014, said its board had…
The Deputy Leader of the Senate, Senator Robert Ajayi Borofice, told JOHN AKUBO that the commended Deep Offshore and Inland Basin Production Sharing Contract (PSC) law will give Nigeria additional US$1.5 billion for funding the 2020 budget, and warned that the National Assembly will resist attempts by oil companies to create crisis in order to disrupt concurrence…
Sudanese Minister Adel Ali Ibrahim will meet with his South Sudanese counterpart Minister Awow Daniel Chuang at South Sudan Oil & Power 2019. On the agenda will be the resumption of Block 5A and logistics corridors between the two countries. Sudan has been a key role player in facilitating peace in South Sudan. In…
23 October 2019, Production from French oil major TOTAL’s 205,000b/d EGINA oil field off the coast of Nigeria started in December 2018, resulting in a 10% rise in the country’s oil output. Located some 130km offshore at depths of more than 1,500m, EGINA is an ambitious, ultra-deep project. Samsung Heavy Industries (SHI)’s wholly owned subsidiary-…
Oil prices fell on Monday on concerns about slackening global demand that outweighed bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased. Global benchmark Brent crude oil LCOc1 was down 30 cents to 59.12 dollars a barrel by 0905 GMT. U.S. West Texas Intermediate crude oil CLc1 declined 11 cents…
The Department of Petroleum Resources (DPR), Ibadan, says it has sealed 167 filling stations in Oyo State within 10 months for various infractions. The DPR Operations Controller, Ibadan, Engr. Oluyemi Olaonipekun, disclosed this on Tuesday in Ibadan during a surveillance carried out by the management team of the agency. Olaonipekun said it is pertinent for…
Insists Navy, NIMASA, statutorily required to secure country’s waters Shipping companies hail move Concerned by threat to national security and the cost of doing business at the country’s seaport, the Nigerian Ports Authority (NPA) has notified the Nigerian Navy of its decision to dismantle the Secure Anchorage Area (SAA), operated on behalf of the Navy…
Students of the Federal College of Education, Zaria in Kaduna State have made strong commitments to drive the United Nations’ Sustainable Development Goals (SDGs) in Nigeria. Some 103 students who participated at the SDGs4Universities workshop organised by the International Climate Change Development Initiative in October 2019 now see themselves as central players in issues of national and…
The Federal Government has expressed commitment to a comprehensive remediation of the polluted areas of Ogoniland and the restoration of livelihood to the affected communities, in line with the United Nations Environment Programme (UNEP) Assessment Report. Minister of Environment, Dr. Mohammad Manhood Abubakar, reiterated this at the weekend while on a tour of Hydrocarbon Pollution Remediation Project…
*********Emphasizes quality, safety and transparency AutoFast, the new quality and affordable service launched by Total Nigeria Plc in partnership with CFAO Nigeria Plc, offers 35 vehicular checks and routine maintenance within one hour, the company has disclosed. While speaking at the launch of the service in Abuja, Mr. Thomas Pelletier, the Managing Director/Country Delegate CFAO…
