FG to deliver four FIDs, tackle Crude oil theft—Buhari

FG to deliver four FIDs, tackle Crude oil theft—Buhari

The Federal Government says it has plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter of 2019. President Muhammadu Buhari disclosed this during the ongoing 24th World Energy Congress (WEC) in Abu Dhabi, United Arab Emirates on Tuesday….

12 graduates get N216m NLNG foreign scholarship
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12 graduates get N216m NLNG foreign scholarship

The Nigerian Liquefied Natural Gas Ltd (NLNG) has awarded N216 million to 12 graduates to pursue Master’s degrees at different universities in the United Kingdom. The company’s Manager of Corporate Communications and Public Affairs, Mrs Sophia Horsfall, disclosed this on Tuesday in a statement in Port Harcourt. She quoted Mrs Eyono Fatayi-Williams, General Manager, External…

Naval chief tasks seafarers, ship owners on maritime security

Naval chief tasks seafarers, ship owners on maritime security

The Chief of the Naval Staff (CNS), Vice Admiral Ibok-Ete Ibas has prescribed pragmatic measures for ship owners and seafarers to adopt in order to improve their safety and security at sea. Navy Director of Information, Commodore Suleman Dahun, disclosed this in a statement on Tuesday in Abuja. He said Ibas, represented by the Chief…

OPEC+ committee may discuss new oil deal targets – TASS cites OPEC s ecretary general

OPEC+ committee may discuss new oil deal targets – TASS cites OPEC s ecretary general

OPEC’s Joint Ministerial Monitoring Committee (JMMC) may discuss new metrics for the global oil cuts deal when it convenes in Abu-Dhabi on Sept. 12, TASS cited OPEC Secretary-General Mohammad Barkindo as saying on Monday. The group, known as OPEC+, uses certain targets, or metrics, for its deal, such as 5-year average oil stocks in the…

South Australian companies reusing and recycling to beat global crisis

South Australian companies reusing and recycling to beat global crisis

South Australia has embraced the circular economy with a state-wide ban of single-use plastics, a commitment to renewable energy and a roster of reputable companies driving reuse. SAGE Automation General Manager Paul Johnson loading one of Semi Auto Return Terminals they have developed for Container Deposit Systems in South Australia. Although the United Nations reports…

With first oil target set for 2027, Somalia is keen to showcase its untapped potential to the world
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With first oil target set for 2027, Somalia is keen to showcase its untapped potential to the world

please Use the Africa oil week logo and Somalia flag  As part of its efforts, Somalia is expected to honour most legacy contracts LONDON, United Kingdom, September 9, 2019/ — Following the signing of a new Petroleum Law and Revenue Sharing Agreement in May of this year, as well as the unveiling of its first…

2 Nigerian businesses shortlisted for Shell global innovation prize
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2 Nigerian businesses shortlisted for Shell global innovation prize

Two Nigerian entrepreneurs have been shortlisted among 21 finalists for the Shell LiveWIRE Top Ten Innovators Awards, a global competition which highlights and rewards businesses that demonstrate excellence in innovation as well as giving entrepreneurs a chance to shine on a global platform. T Shell Media Relations Manager, Mr Bamidele Odugbesan said in a statement listed  businesses as ” FarmToJuice…

Association urges total unbundling of power sector to attract more investors

Association urges total unbundling of power sector to attract more investors

The Nigerian Association of Small Scale Industrialists (NASSI), has urged the Federal Government to totally unbundle the power sector to attract more investors. Chief Solomon Vongfa, NASSI National President who made the call in Abuja on Sunday, said unbundling the sector totally would also boost electricity supply in the country. According to Vongfa, unbundling the…

U.S. court discharges NNPC of $2.7bn debt to ESSO

U.S. court discharges NNPC of $2.7bn debt to ESSO

  U.S. Southern District Court of New York has delivered judgment in favour of the Nigerian National Petroleum Corporation (NNPC) against ESSO Exploration and Production Nigeria Limited and Shell Nigerian Exploration and Production Company Limited (collectively ESSO). The Corporation disclosed this in a statement issued by Mr Ndu Ughamadu, the Spokesman for the corporation, on…

Africa’s Most Definitive Energy, Business Tourism Event to Hold in Lagos

Africa’s Most Definitive Energy, Business Tourism Event to Hold in Lagos

Nigeria’s leading Pan-African Energy Conference, Oil and Gas Masters’ Ball, Africa (OGMBA) is set to host industry stakeholders at the maiden edition of the Oil and Gas Grand Ball at the exquisite Civic Centre, Victoria Island Lagos on Sunday November 24, 2019 at 6pm. The Grand Ball aims to unite magnates in the energy industry…