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Credit Suisse to write down $17 bn debt
Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS, Reuters reported. FINMA, the…
Golar Tundra regas floater arrives Italy
Sopuruchi Onwuka Newbuild floating liquefied natural gas regasification (FSR) vessel has arrived Italy to add more gas delivery facilities on the northern Mediterranean coasts as Europe continues to expand its energy supply channels and cut dependence on Russian hydrocarbon fuels….
OML 18 operatorship: Eroton stands up to NNPC
Following the announcement by the Nigerian National Petroleum Company (NNPC) Limited of its sack as the operator of Oil Mining License (OML) 18, Eroton Exploration & Production Company, has countered that it still holds onto its role a the operator…
GE points to gas in Africa’s just energy transiton
A combination of renewables and gas power on the continent could lead Africa to significant emissions reduction while delivering reliable, affordable, and sustainable power, GE has declared. The company which manufactures equipment for hydrocarbon and sundry energy processing and production…
LNG leads Shell’s progress in emissions cut
Sopuruchi Onwuka Investments in natural gas liquefaction and transportation to key power generation hubs have helped Shell cut is operations carbon intensity by significant 30 percent of its 2016 levels, leading the company’s progress in energy transition. Shell is the…
NCDMB is best MDA in efficiency, transparency
The Nigerian Content Development and Monitoring Board (NCDMB) has emerged the top performer in business efficiency and transparency in Federal Government’s ranking of ministries, departments and agencies (MDAs) for the year 2022. This latest result is reminiscent of the Board’s…
Viagra with alcohol kills 41-year-old man
Sopuruchi Onwuka A cocktail of sexual stimulants mixed in alcohol could lead to death during or after a sexual encounter, according to medical experts investigating the causes of sudden stroke and death of a 41 year old man who arrived…
Deportation: Mr Brown pushed aside as Seplat’s CEO
Sopuruchi Onwuka Following a court injunction and immigration hammer, the Chief Executive Officer of Seplat Energy Plc, Mr Roger Brown, has delegated authority to the company’s Chief Operating Officer pending when all issues relating to his immigration status are resolved….
ExxonMobil, Seplat working to unblock $1.2 bn divestment deal
Nigeria to compete for further deepwater investments Sopuruchi Onwuka American multinational oil company, ExxonMobil, is hopeful to progress with its plans to claw back princely $1.2 billion from its brownfield petroleum assets trapped in joint venture operations with the Nigeria…
California man rams car six times at black neighbor
Hate crime charges were announced yesterday (March 7) for a December 2021 disturbance. The incident involved two neighbors, where one was repeatedly run over by a car in California. Surveillance video captured the terrifying moments when 45-year-old Cory Brown, a…
