A new report by a non-governmental organisation, Global Witness, has blamed Shell and Eni for their alleged roles in the acquisition of OPL 245 in the oil-rich Niger Delta which is linked to Malabu oil scandal. The report alleged that Shell executives knew the deal they were asking for was not a Production Sharing Contract,…
Schneider Electric and its partners were seen touring the Lagos Island and Oshodi electrical markets while on a two-day roadshow which began Wednesday, with the aim of educating the public on electrical safety, and the importance of getting genuine equipment and installations. The tour which lasted hours on each of these days was packed with…
L-R: Chairman/MD, CNL, Jeff Ewing; MD/CEO, GACN, Engr. Morgan Okwoche; Head, Gas Monitoring & Regulation, DPR, Sanya Bajomo; and GED, Strategy, Capital Projects & Portfolio Dev., Dangote Industries Limited, Devakumar Edwin, at the signing of the GSAA on Monday, February 25, 2019 The Nigerian National Petroleum Corporation (“NNPC”) and Chevron Nigeria Limited (“CNL”) have…
A leading indigenous oil and gas company, Oilserv Group, has commissioned a new corporate office complex sited in the premises of the registered base in Port Harcourt, Rivers State, Nigeria. The magnificent edifice, which was officially commissioned for business by Rev. Timothy Agbai, is a four storey building sitting on a 500sqm area with a…
The Canadian oil-producing province of Alberta will increase crude production limits by 25,000 barrels per day in May and a further 25,000 bpd in June, the government said on Monday. The increases mean that by June, oil companies will be limited to 3.71 million bpd of production. Alberta mandated production cuts this year to ease…
Lagos — Since the privatization of the power sector by the Electric Power Sector Reform, EPSR Act of 2005, there has been a constant decline in the metering of existing customers by the electricity distribution companies even though new customers have been steadily added to their network, contributing to a significant metering gas, SweetcrudeReports has found….
Talks between Exxon Mobil and Algeria to develop a natural gas field in the North African country have stalled because of domestic unrest, industry sources said. Irving, Texas-based Exxon entered talks with Algeria’s national oil company Sonatrach several months ago to develop a field in the southwestern Ahnet basin, the sources close to the discussions…
The Italian Government has signed an agreement for an additional €1 million contribution to the Multi-Partner Somalia Infrastructure Fund. Established by the Bank in October 2016, the Fund is one of the financing windows under the Somalia Development and Reconstruction Facility of the New Deal Compact for Somalia. It aims to support and accelerate Somalia’s…
Civil Society Organisations have called on the Rivers State Government to set up an oil communities development commission, to address the issue of underdevelopment in oil producing communities in the state. The State Chairman, Civil Society Organisations, Enefa Georgewill, in a communique read at the end of its meeting in Port Harcourt, said the call…
Oil prices fell on Wednesday, dragged down by concerns about global economic growth as the U.S.-China trade dispute rumbled on, but receiving some support from tightened supply. International Brent crude oil futures were at $67.35 a barrel at 1250 GMT, down 26 cents, or 0.38 percent. U.S. West Texas Intermediate (WTI) crude futures were at…
