TotalEnergies Eyes $6bn Deepwater Investment in Nigeria. President Bola Tinubu has reaffirmed Nigeria’s commitment to remaining a premier destination for both offshore and onshore investments. During a meeting with the Group Chairman and CEO of Total Energies Worldwide, Mr. Patrick Pouyanne, at the State House in Abuja on Monday, President Tinubu outlined his administration’s strategic…
NNPC Ltd., JV Partners, and NDDC Commission N24.5bn Ogbia-Nembe Road In a momentous occasion marking the one-year anniversary of President Bola Ahmed Tinubu’s administration, NNPC Ltd. alongside its joint venture partners, namely Shell Petroleum Development Company (SPDC), TotalEnergies, and Nigeria Agip Oil Company (NAOC), in collaboration with the Niger Delta Development Commission (NDDC), have unveiled…
NCS Advocates for Increased Women’s Participation in Maritime Sector. The Nigerian Chamber of Shipping (NCS) is advocating for greater involvement of women in the maritime industry, highlighting that Nigeria’s blue economy potential can only be realized with active female participation, particularly in managerial roles. This message was conveyed by Aminu Umar, President of NCS, during…
Malawi Government Identifies Critical Electricity Need for Mining Sector Growth. In a significant revelation, Dr. Jane Banda, Head of Malawi’s Presidential Delivery Unit (PDU), has underscored the indispensable need for electricity to power the country’s burgeoning mining sector. During a recent Mining Pre-Lab meeting held in Lilongwe, Dr. Banda disclosed that the mining industry in…
NCDMB and OPTS Launch Marine Accelerator Training Program in Bonny Island. In a collaborative effort aimed at enhancing maritime safety and sustainability in Nigeria’s oil and gas sector, the Nigerian Content Development and Monitoring Board (NCDMB) and the Oil Producers Trade Section (OPTS) have inaugurated the Marine Accelerator Training Program. The program’s opening ceremony, held…
Dubawa Launches AI Tools to Check Misinformation. Nigerians now have access to an AI-powered chatbot developed by Dubawa, a project of the Centre for Journalism Innovation and Development (CJID), allowing them to verify information on WhatsApp swiftly. The Dubawa Chatbot, unveiled alongside the Dubawa Audio platform in Abuja on Monday, is designed to provide accurate…
BP, Shell and EOG Compete for Acreage in Trinidad’s Oil and Gas Auction. Trinidad and Tobago recently concluded its 2023 shallow water auction, attracting bids from industry giants BP, Shell, and US shale producer EOG Resources. The auction, which closed on Monday, received a total of six bids on four exploration blocks. Energy Minister Stuart…
Reps Advocate for New Law to Combat Illegality in Maritime Sector. The House of Representatives Committee on Shipping Services and Related Matters stressed the significance of passing the Nigerian Shipping and Port Economic Regulatory Agency Bill into law to address arbitrary charges and other illegal practices by service providers in Nigeria’s maritime industry. During a…
FG Inaugurates NEITI’s Task Team on Oil, Gas, and Mining Sectors. The Federal Government has officially inaugurated the Inter-Ministerial Task Team (IMTT) of the Nigeria Extractive Industries Transparency Initiative (NEITI). The inauguration took place on Monday, marking a significant step in the continued effort to ensure transparency and accountability in Nigeria’s oil, gas, and mining…
Oil Prices Rise by 1% Ahead of Key Inflation Data. Oil Prices Bounce Back After a Downbeat Week Amid Market Anticipation of Inflation Data and Interest Rate Decisions In a modest trading session influenced by public holidays in Britain and the United States, oil prices rose by over 1% on Monday. This recovery follows a…
