Tope Shonubi, the Executive Director, Sahara Group has told stakeholders at the African Refiners Association (ARA) meeting in Cape Town, that adoption of unified standards across Africa will create a bigger and more effective regional market that will enhance the continent’s competitive positioning in global energy markets, Shonubi said the existence of a fragmented petroleum…
Axxela Limited, has officially commissioned its Greater Lagos IV (GLIV) gas pipeline network and the newly renovated Elegbata Sports Complex. Greater Lagos IV (GLIV) is Axxela’s gas pipeline network, developed by its Gaslink Nigeria Limited subsidiary in partnership with the Nigerian Gas Marketing Company (“NGMC”). Spanning from Ijora through Lagos Island’s Marina axis, the $30…
The African Development Bank, heads of 34 leading financial institutions covering Africa and other partners of the Africa Investment Forum have reaffirmed their commitment to “scale up, speed up, and synergize” efforts to deliver transformative projects across the continent. The meeting was also attended by lead partners of the Africa Investment Forum: African Export-Import Bank, Africa50, Trade Development Bank,…
DAVID YOUNG, United States chargé d’ affaires David Young on Tuesday visited Edo State, where he met with government leaders, traditional rulers and civil society representatives with a view to understanding the socio-economic factors that perpetuate trafficking in persons in the state and the multi-faceted efforts being used to eradicate it. Photo 1: Young (right) with…
The Nigerian National Petroleum Corporation pledges support for gas development projects in the country MAIKANTI Baru, group managing director of the Nigerian National Petroleum Corporation, NNPC, has expressed the corporation’s commitment to support any project that would encourage production and utilization of natural gas for the benefit of the nation. Disclosing this recently…
NORTH America will be the major contributor to the growth of global liquefied natural gas, LNG, liquefaction capacity between 2019 and 2023, accounting for around 72% of the total global capacity from planned and announced projects, according to GlobalData, a leading data and analytics company. The company’s report: ‘H1 2019 Global Capacity and Capital Expenditure…
STAR Deepwater Petroleum Limited, a Chevron company and operator of the Agbami unit) and its parties in the Agbami field, Famfa Oil Limited, Nigerian National Petroleum Corporation, NNPC, Equinor Nigeria Energy Company Limited, and Petroleo Brasileiro Nigeria Limited, have received award for their contributions towards eradicating Tuberculosis, TB, in Nigeria. The award was presented to…
Oil prices dropped on Thursday, extending losses into a second consecutive session, following a surprise build in U.S. crude inventories. International Brent crude oil futures were at $67.56 a barrel at 0748 GMT, down 27 cents, or 0.4 per cent, from their last close. Brent closed down 0.2 per cent on Wednesday. U.S. West Texas…
The Nigerian Content Development and Monitoring Board, NCDMB and the Nigeria LNG Limited, NLNG, on Friday signed the Nigerian Content Plan, NCP for the NLNG Train 7 project, taking a big step towards kick- starting the huge gas project that would create a flurry of activities in the oil and gas sector and contribute immensely…
AS the President Muhammadu Buhari’s administration is about to end its first four years on May 29, 2019, gold miners in Zamfara State are lamenting their inability to access the N30 billion mining intervention fund provided to boost activities of operators in the mining sector. This was the…