As part of efforts to bridge the gap that currently exists in the power sector, the Abuja Chamber of Commerce and Industry (ACCI), on Friday said that Nigeria and Russia would sign a Memorandum of Understanding on production of pre-paid meter. President of ACCI, Adetokunbo Kayode said that the agreement would be between Russian electrotechnical…
Oman said on Monday that the Organisation of the Petroleum Exporting Countries (OPEC) and allied oil producers could extend a deal to limit crude supply but may not consider deepening cuts. Oman’s energy minister Mohammed bin Hamad al-Rumhy said this while speaking with reporters at an energy conference in the UAE capital Abu Dhabi. This…
Nigeria has achieved a landmark of of 200.79 Trillion cubic feet of gas reserves as the nation’s daily production now averaging 8.4 billion cubic feet, according to government top official. This is against 198TCF achieved in 2017 Nigeria since 2010 had set year 2020 for achieving a gas reserves of 200 TCF and a daily…
Intercontinental Exchange Inc said on Monday that oil majors including BP, Total and Shell would be partners in a new exchange it is launching in the United Arab Emirates next year to list Abu Dhabi National Oil Co’s (ADNOC) flagship Murban crude grade. The Murban futures contract, to be hosted on the new ICE Futures…
A new oilfield discovered in Southwestern Iran is the second largest found in the country, Iran’s Oil minister Bijan Zanganeh said on Monday, according to SHANA, the ministry’s news site. The Namavaran oilfield has an estimated 53 billion barrels of reserves, Zanganeh said. Exploration started at the site in 2016, with 31 billion barrels previously…
Indonesian President Joko Widodo on Monday urged ministers to focus more attention on the expansion of the oil processing units’ refinery capacity and construction. This is in a bid to bring down current account and trade deficits. The president also asked them to focus on efforts to boost oil lifting and make the government’s biodiesel…
Osam Iyahen Synopsis: Osam Iyahen is a Director at Africa Finance Corporation (AFC), a leading investment grade infrastructure solutions provider, created by sovereign African states to provide pragmatic solutions to Africa’s Infrastructure deficit and challenging operating environment, by developing and financing infrastructure, natural resources, and industrial assets, for enhanced productivity and economic growth of African…
ENERGY giant, The Shell Petroleum Development Company of Nigeria Limited (SPDC), has been honoured for providing opportunities to talented secondary school students in the Niger Delta to participate in the United Nation’s Model Conferences in the United States of America. Founder and Country Director of Future Trust Initiatives, Dr. Maureen Egbuche, announced the corporate…
Cooking gas price hike: NLNG commences 350,000 MT discharge to NOJ terminal in Lagos Mrs Sophia Horsfall, Manager, Corporate Communications and Public Affairs of the Nigeria Liquidified Natural Gas (NLNG) on Monday confirmed that the company would deliver LPG to New Oil Jetty (NOJ) terminal in Lagos today. Horsfall confirmed to TBI Africa through mail…
Professor Tamunoemi Sokari David-West a consultant virologist of national and international standing and lecturer at the University of Ibadan for decades, is dead. He was aged 83. News of his transition was conveyed in a tribute by President Muhammadu Buhari. David-West was Petroleum minister when Buhari was a military head of state between 1984 and…
