FG suspends mining activities within OAU, environs. The Minister of Solid Minerals Development, Dr Dele Alake, Tuesday, placed indefinite suspension on mining activities around the Obafemi Awolowo University, OAU, and Obafemi Awolowo University Teaching Hospitals Complex, OAUTHC, Ile-Ife, Osun State. According to a statement signed by the Special Assistant on Media to the Minister, Segun…
OPEC+ woos Namibia as it plans to begin production from 2030. The OPEC+ alliance, seeking to bolster its ranks after recent departures like Angola, is considering Namibia for potential membership, aiming to tap into what could become Africa’s fourth-largest oil output by the next decade, as per an African industry official and sources disclosed to…
Singapore retains world’s top maritime city crown. Singapore has maintained its status as the foremost maritime city globally, with Rotterdam and London trailing behind, as per the 2024 Leading Maritime Cities (LMC) report. The city-state, renowned for its extensive owned and managed vessel fleets, strategic geographic advantages, pro-business policies, and leadership in the maritime energy…
Tinubu inaugurates National Single Window steering committee. President Bola Tinubu has inaugurated the steering committee of the National Single Window (NSW) project with the aim of enhancing trade in Nigeria. Addressing attendees during the committee’s inauguration on Tuesday in Abuja, Tinubu expressed optimism about the project’s potential, foreseeing it to yield $2.7 billion annually for…
NNPC and NIPCO Gas Partnership Expands AutoCNG Network Nationwide. NIPCO Gas Limited, in partnership with the Nigeria National Petroleum Company Ltd (NNPCL), is set to transform the AutoCNG infrastructure throughout Nigeria, providing drivers with an alternative fuel option to traditional petroleum products. During an update on the company’s efforts to promote gas usage as a…
Shell Deploys first Unmanned Survey Technology in Nigeria. The Shell Petroleum Development Company of Nigeria (SPDC) has achieved a groundbreaking milestone in Nigeria’s oil industry by completing the first-ever crewless survey, signaling a significant advancement in survey technology. The unmanned surface vessel (USV), Accession 500, conducted a non-stop 166-hour survey along a pipeline route near…
Minister Lokpobiri Blames Shell’s TNP and Maintenance Activities for the Drop in Oil Production. Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), has linked Nigeria’s recent decrease in oil production capacity to issues concerning the Shell-operated Trans Niger Pipeline (TNP) and maintenance activities conducted by certain oil companies. In response to the…
ECOWAS to Launch of Energy and Transport Sectors Fund by End of 2024. The Economic Community of West African States (ECOWAS) is on the verge of launching a specialized fund targeted at strengthening the energy and transportation sectors by the end of 2024. This initiative aims to tackle a significant financing shortfall of more than…
Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum scheduled to address ‘The Petroleum Club.’ Nigerian Petroleum Minister, Heineken Lokpobiri, is set to grace the second quarterly dinner lecture of the Petroleum Club of Lagos for 2024 as the special guest of honor. The Minister of State for Petroleum will address the audience on the theme…
TotalEnergies Restarts Gas Production at the Tyra Offshore Hub after a Major Redevelopment. TotalEnergies announces the restart of production from the Tyra hub in the Danish North Sea, after the completion of a major redevelopment project of this hub. At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22,000 barrels…
