Russian Oil and Gas Revenue Soars 41% in First Half of 2024, Data Shows. Russia’s federal budget saw a significant boost from oil and gas sales in the first half of 2024, with revenues rising by approximately 41% year-on-year to 5.698 trillion roubles ($65.12 billion), according to finance ministry data released on Wednesday. The increase…
US, EU Lawmakers Push for International Methane Standard for Oil and Gas Sector. A coalition of European Union and U.S. Democrat lawmakers has called on the International Energy Agency (IEA) to establish international standards for measuring methane emissions in the oil and gas sector. The request, outlined in a letter dated July 1, aims to…
Nigeria’s Komolafe Leads Initiative to Establish African Oil and Gas Regulatory Group. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), under the leadership of Mr. Gbenga Komolafe, is driving the establishment of the African Petroleum Regulators Forum (AFRIPERF). This new body aims to facilitate knowledge sharing and technology transfer across the continent’s oil industry. Speaking at…
Nigerian Maritime Lawyer Jean Anishere Appointed to ICC Arbitration Court. The International Chamber of Commerce (ICC) has announced the appointment of Nigerian maritime lawyer Jean Anishere (SAN) to the International Court of Arbitration. Anishere revealed this in a statement issued in Lagos. The announcement of the newly constituted leadership of the ICC was made…
Sifax Group Chairman Lauds Annual Maritime Conference. The sixth edition of the Taiwo Afolabi Annual Maritime Conference was held at the Ade Ajayi Auditorium, University of Lagos. Dr. Taiwo Afolabi, Chairman of the Sifax Group, commended the conference for its role in stimulating the minds of young individuals and advancing the maritime industry. Represented by…
No Explosion At Zungeru Power Plant Minister Clarifies. The Minister of Power, Adebayo Adelabu, firmly denied reports of an explosion at the Zungeru Power Plant in Niger State, addressing circulating rumors that had caused public concern. The minister responded to claims that an explosion at the Zungeru Hydroelectric Dam on Monday morning had injured several…
76% of Nigerian Companies Strengthen Cyber Defenses – Sophos Report Sophos, a global leader in cybersecurity solutions, has released a report titled “Cyber Insurance and Cyber Defenses 2024: Lessons from IT and Cybersecurity Leaders,” revealing significant improvements in cyber defenses among Nigerian companies. According to the report, a remarkable 97% of companies with a cyber…
Saudi Arabia Announces Discovery of Seven Oil and Gas Deposits. Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, has announced the discovery of seven new oil and gas deposits in the kingdom’s Eastern Province and the Empty Quarter. The announcement was made via the official Saudi news agency, SPA. The discoveries were made by the…
Nigerian Navy Destroys 10 Illegal Refinery Sites in Bayelsa. The Nigerian Navy’s Forward Operating Base in Brass, Bayelsa State, has successfully destroyed 10 illegal refinery sites, a speedboat, and a total of 100,000 liters of stolen crude oil in Nembe local government area. Captain Ifeanyichukwu Mabeokwu, Commanding Officer of the Forward Operating Base (FORMOSO), addressed…
NSCDC Arrests Four Illegal Miners in Anambra. The Nigeria Security and Civil Defence Corps (NSCDC) in Anambra State has apprehended four individuals involved in illegal mining activities within the state. Maku Olatunde, the Commandant of the NSCDC in Anambra, presented the suspects to the public in Awka, the state capital, on Friday. He stated that…
