The Shell Nigeria Exploration and Production Company trains three Nigerians in special seabed survey IN ANOTHER first in the Nigerian oil and Gas industry, Shell Nigeria Exploration and Production Company, SNEPCo, has trained three Nigerians in special seabed survey, a discipline largely dominated by expatriates in the country’s offshore exploration activities. Iwinosa Aghedo, Peace Adepoju…
THE Enugu chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Wednesday announced the suspension of its strike started on Tuesday. Chief Ikechukwu Nwankwo, the Chairman of the association, announced the suspension of the action in an interview with the News Agency of Nigeria (NAN) in Awka, Anambra capital. NAN reports that the…
The Shell Petroleum Development Company of Nigeria Limited and its joint venture partners move to fulfill Nigeria’s domestic gas aspiration by signing the final investment decision agreement for 300 million cubic feet of gas THE Shell Petroleum Development Company of Nigeria Limited, SPDC, and its joint venture partners signed a Final Investment Decision, FID, agreement…
The UK onshore wind sector faces “almost total shutdown” unless support is increased, according to a Scottish renewable energy trade body. Jenny Hogan, deputy chief executive at Scottish Renewables, told The Times newspaper the continued development of the industry is “not certain” due to a number of issues facing the sector. She said onshore wind,…
A two-decade fight over whether Royal Dutch Shell contributed to the execution of nine Nigerian oil-industry critics has landed at the company’s doorstep. A court in The Hague, Netherlands heard its first arguments on Tuesday, as part of determining if Shell played any role when the military dictatorship ruling Nigeria convicted nine men, including well-known…
Despite the oil market glut and a collapse in charter rates for oil tankers, experts see a turn around in the market and good times for the tanker charter business. The shipping industry’s prospects are actually turning a little more bullish, reports Bloomberg, quoting analysts. The analysts’ optimism stems from a conviction that the world’s…
Oil prices were up more than 2 percent on Tuesday on steep OPEC production cuts, with its de-facto leader Saudi Arabia planning to drop March crude output by more than a half a million barrels per day below its initial pledge. Rising investor optimism for a breakthrough in the latest round of U.S.-China trade discussions…
Egypt announced the winners of an international bid round for oil and gas exploration on Tuesday, with a total of 12 concessions awarded. The companies awarded oil exploration concessions included Royal Dutch Shell, Eni, Merlon, Neptune Energy, and Egypt’s General Petroleum Company (EGPC), EGPC’s head told a news conference. Five concessions for gas exploration were…
The Nigerian shipowners will need an additional N904 billion to the N36 billion accrued in the Cabotage Vessels Financing Fund (CVFF) to acquire vessels needed for the maritime industry in the next four years, a report has shown. This was even as the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr….
The Group Managing Director of Sifax Group, new operators of old Warri terminal B, Warri Port, Mr. Adekunle Oyinloye has assured that the firm will keep to all agreements and promises made on running of the Port. Speaking at a ceremony to formally receive the Old Warri Terminal B of the Port from the Nigerian…