Ocean Marine Solutions Limited (OMS), a leading asset company saddled with the responsibility of protecting the country’s resources from graft and illegal activities, has reiterated it’s committed towards effective securing and retrofitting of Oil Mining Lease 40 (OML 40) facility from Opuama to Otumara. The company’s media consultant, Mr Omoruyi Akpata said in a statement that the…
Electricity consumers on Tuesday expressed their reservations on the Nigerian Electricity Regulatory Commission (NERC) move to increase tariffs for Eligible Customers (ECs) under the Competition Transition Charge (CTC). The consumers made their views known at a stakeholders consultative forum on CTC in Lagos on Tuesday. The CTC is a new rule to make prospective ‘Eligible…
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….
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…
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’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 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…
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…
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…
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…
