Flood disaster: Agip JV moves in with relief for Rivers, Bayelsa, Imo and Delta states
The petroleum exploration and production joint venture operated by the Nigeria Agip Oil Company (NAOC) on behalf of Nigerian National Petroleum Company Limited (NNPCL) and Oando has responded the needs of flood victims in the Niger Delta with provision of…
ConocoPhilips stakes 6.25% in Qatar’s LNG project
QatarEnergy’s chief executive on Sunday named ConocoPhillips as the third and final partner on the Gulf Arab state’s North Field South expansion, part of the world’s largest liquefied natural gas (LNG) project. ConocoPhillips will have a 6.25% interest in the…
Hunger looms as Russia blocks 218 vessels with Ukraine’s grain exports
Some 218 merchant ships laden with cargoes of grain from Ukraine have been stock at loading quays after Russia pulled safety guarantee from the Black Sea Grain Initiative by withdrawing from the UN brokered agreement to allow food exports from…
NCDMB lauds Crestech on capacity building, job creation
The Nigerian Content Development and Monitoring Board (NCDMB) has commended Crestech Engineering Limited on its full support towards the capacity building and job creation objectives of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. Director, Monitoring and Evaluation…
NTDC Hackaton plugs Nigeria into $8 trn global e-tourism
Sopuruchi Onwuka Federal government is working to position the Nigerian tourism industry for enhanced international investments and promote the nation’s capacity to tap into a global play that is worth over $8.0 trillion. Director General of Nigerian Tourism Development Corporation…
PEALs Quiz: Green Park Academy earns Seplat’s project funds, scholarships
Sopuruchi Onwuka Indigenous multinational energy independent, Seplat, will assist Green Park Academy, Edo State, with project funds and scholarships after the school won the 11th edition of Seplat JV PEARLs Quiz. Seplat’s spokesman, Dr Chioma Nwachuku, stated that the PEARLs…
Oil windfall: S. Arabia bathes in dollar rain
In African and American members of the Organization of Petroleum Exporting Countries (OPEC), fiscal crisis sustains the traditional narrative of resource curse where poverty grows in the midst of oil revenue windfall. But in the Middle East where Saudi Arabia…
Samsung appoints family heir, Lee Jae- yong, Exec Chairman
Jae-yong comes with embezzlement saga South Korean electronics giant Samsung has appointed an influential member of the founding family, Lee Jae-yong, its executive chairman. With the appointment, the world’s biggest smart phone maker will now be officially run by the…
Wabote charges oil firms on diversification, energy transition
Commissions GIL Automation’s factory The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Thursday in Lagos performed the commissioning of GIL Automations’ cable tray and switchgear factory and the opening of its…
World Bank projects 11% energy price fall in 2023
The World Bank has projected energy prices decline of 11 percent in 2023 a 60 percent surge on Russia’s invasion of Ukraine. The multilateral lender also warns that the price decline could be steeper on slower global growth and COVID…
