EXXONMOBIL ACQUIRES STAKE IN BIOJET AS, EXPANDS INTEREST IN BIOFUELS

ExxonMobil expands interest in biofuels, acquires stake in Biojet AS
ExxonMobil is expanding its interests in biofuels that can help reduce greenhouse gas emissions in the transportation sector, acquiring a 49.9%...

TOTALENERGIES, PLASTIC ENERGY SIGN AGREEMENT FOR AN ADVANCED RECYCLING PROJECT IN...

Plastic Energy and TotalEnergies sign an Agreement for an Advanced Recycling Project in Spain
Plastic Energy and TotalEnergies have announced a new agreement to promote the development of advanced plastic recycling. Under this agreement, Plastic Energy...

AUSTRALIA, GUYANA AWARD SAIPEM TWO NEW OFFSHORE CONTRACTS WORTH 1.1BN USD

Saipem: awarded two new offshore contracts in Australia and Guyana, for a total amount of 1.1 billion USD
Saipem has been awarded two new offshore contracts in Australia and Guyana, for a total amount of 1.1 billion USD.

ENI BAGS FIVE EXPLORATION LICENSES IN EGYPT

Eni awarded five Exploration Licenses in Egypt
Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum. The licenses, four of which as Operator, are...

NIMASA Begins Digital Manifest Management

AUTOMATION : NIMASA COMMENCES DIGITAL MANIFEST MANAGEMENT.
The Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced total digital manifest management regime for all vessels calling at all Nigerian Ports....

Nigeria Customs Blames Importers For Delay In Cargo Clearance: Cites False...

False declaration, non-compliance responsible for delay of cargo clearance
The Nigeria Customs Service (NCS) has blamed importers, exporters and agents for impeding trade facilitation and frustrating the ease of doing...

SHELL’S SUPPORT FOR TERTIARY EDUCATION GETS TETFUND AWARD

TETFUND REWARDS SHELL’S CONSISTENT SUPPORT FOR TERTIARY EDUCATION
The Executive Secretary of TETFUND, Prof. Suleiman Elias Bogoro, and the Chairman of the Board of Trustees, Kashim Ibrahim Imam, both...

NIGERIA’S 5-YEAR NATIONAL DEVELOPMENT PLAN ACCOMMODATES MARITIME

An estimated N7.73 trillion investment by Nigerian government has been earmarked for the maritime and other industries under the transport sector...

Special Meeting of the OPEC Conference appoints next Secretary General

Kuwait Petroleum Corporation
A Special Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via videoconference on Monday,...

A Look At Nigeria’s Power Sector in 2021 – A Review

A Review of Nigeria’s Power Sector in 2021
Access to electricity, no doubt, is a catalyst for any nation in its drive for industrialisation. The importance of power to...

WHERE IS OIL MARKET HEADED IN 2022?

Where is the oil market heading in 2022?
The outgoing 2021 gave the oil industry the opportunity to recover after a difficult period. Prices rose rapidly, which returned confidence...

SWYI TO FEATURE INNOVATION ‘YOUTH IDEA LAB’ AT NIES 2022

SWYI TO FEATURE INNOVATION ‘YOUTH IDEA LAB’ AT NIES 2022
The Strategic Women and Youth Institute (SWYI) has put in place an innovation youth idea lab which provides the essential tools and...

TotalEnergies, OMAN SIGN AGREEMENT TO DEVELOP LOW CARBON NATURAL GAS PROJECT

Oman: TotalEnergies signs agreements for the development of low carbon natural gas projects
TotalEnergies has signed with the Ministry of Energy and Minerals of the Sultanate of Oman a series of agreements for the sustainable...

THE CLASSIFICATION OF CABOTAGE WAIVER

The operation of waiver under the Nigerian Cabotage law is based on non-availability. This means that waivers may be granted on...

HOUSE OF REPS HAIL NCDMB, PUSH FOR CLOSER COLLABORATION

NCDMB Says FG Policy On Gas Holds Opportunity For Local Operators
The House of Representatives has lauded the Nigerian Content Development and Monitoring Board (NCDMB) for the effective implementation of the Nigerian...

TotalEnergies UNVEILS LARGEST BATTERY-BASED ENERGY STORAGE SITE

TotalEnergies has launched the largest battery-based energy storage facility in France. This facility which is located at...

NIGERIA OIL PRODUCTION DROPS IN NOVEMBER AS RIG COUNT CRASHES

Nigeria’s effort to meet its production quota recorded a 10 percentage points drop month on month to 239 per cent in...

NIMASA CUSHIONS EFFECTS OF COVID-19; REDUCES STEVEDORING RATES

ROADMAP TO GENERATING N7 TRILLION FROM MARTIME IN 2022, BY EXPERTS
Further to its efforts to mitigate the effects of the COVID-19 pandemic, the Nigerian Maritime Administration and Safety Agency (NIMASA) has...

6.3 MILLION NIGERIANS YET TO BE METERED – NERC

NERC Reveals 6.3 Million Nigerians Yet To Be Metered
The Nigerian Electricity Regulatory Commission, NERC has revealed that about 6.3 million electricity consumers have not yet been metered for despite...

PETROLEUM RESERVE TO INCREASE BY 40M BARRELS BY 2030 – ONU

Oil exploration to increase petroleum reserve to 40 million barrels by 2030 – Onu
The Nigerian Minister of Science and Technology, Dr Ogbonnaya Onu has said that the Federal Government is making efforts towards increasing...
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