The United States Consulate General in Lagos, on Monday said, it would train 144 Nigerian students on drone technology. Russell Brooks, the Public Affairs Officer of the Consulate made this known during the Nigerian Youth Drone Academy workshop in Lagos. Brooks said that the training was in collaboration with the Global Air Drone Academy, a…
The Hydrocarbon Pollution Remediation Project (HYPREP) on Monday opened a fresh bid to select 36 additional contractors for the remediation of oil impacted Ogoni communities in Rivers. The addition of 36 firms would raise the number to 57 contractors hired so far for the clean-up. HYPREP, under the Federal Ministry of Environment, opened the initial…
Melbourne — Papua New Guinea’s new treasurer on Wednesday put Total SA, Exxon Mobil Corp , Newcrest Mining and their partners on notice that the country wants to extract more benefits from their gas and mining projects. Treasurer Sam Basil said the country also needs better forecasts from Exxon and Total on the expected income flow…
Lagos — More details have emerged on Femi Otedola’s sale of his majority shareholding in Forte Oil. SweetcrudeReports learnt that not two, but seven directors of the company had resigned following the development. An earlier report said just two; the Chief Executive Officer, Mr. Akin Akinfenwa, and Chief Finance Officer, Mr. Julius Omodayo-Owotuga resigned. However, findings…
Port Harcourt — The Shell Petroleum Development Company of Nigeria Limited, SPDC, has urged all stakeholders in Belema flow station and gas plant in OML 25, to give the Rivers State Government-led mediation process, the needed chance for a peaceful resolution. The Belema flow station located in Akuku-Toru Local Government Area of Rivers State, which produces 45,000bpd…
London — Outages at North Sea oilfields have helped put competing Nigerian oil on pace to arrive in Europe at the highest levels in seven months in June, according to Refinitiv Eikon data and traders. Nigeria is set to export about 905,000 barrels per day (bpd) to the continent this month, the most since a roughly…
Abu Dhabi-based National Petroleum Construction Company (NPCC) expects revenue to grow by 34% this year on the back of projects it has won overseas, its chief executive said on Wednesday. Revenue at the majority state-owned oil and gas services contractor will hit 7.1 billion dirhams ($1.9 billion) compared to 5.3 billion dirhams last year, Ahmed…
The workshop will be focusing on domestic capacity building amongst South Sudanese companies across the oil value chain In line with its commitment to support local content development across sub-Saharan Africa, Centurion (www.CenturionLG.com) will be organizing a local content workshop in Juba in the coming months. The workshop will be focusing on domestic capacity building…
A Federal High Court sitting in Lagos has adjourned till fixed July 22 for the hearing of the substantive suit brought by two chief executive officers of Oando Plc, seeking enforcement of their rights. The court also fixed July 4th to hear arguments on the motion for consolidation. At the resumed hearing, Mr. Yele Delano (SAN) announced appearance for Oando…
President Muhammadu Buhari has appointed Dr Thomas John as Acting Alternate Chairman of the Nigerian National Petroleum Corporation (NNPC) Governing Board. This is contained in a statement by the Group Managing Director, Dr Maikanti Baru, that Dr John will hold the position until a new Minister of Petroleum Resources or Minister of State for Petroleum…