CBN to Boost Liquidity in Forex Market, Lifts Ban on 43 Items 43 commodities that had previously been prohibited from obtaining foreign exchange have been granted permission, according to a bank official on Thursday, as part of Nigeria’s central bank‘s commitment to increasing liquidity in the nation’s foreign exchange market. The ban covered items such…
Oil Prices will Surge if Iran is swept into War, Shale Tycoon Warns Oil prices will surge if the Israel-Hamas war escalates to include Iran, according to shale magnate Scott Sheffield. The founder and Chief Executive Officer of Pioneer Natural Resources Co. issued the warning during an interview with Bloomberg Television on Wednesday, just hours…
Tullow to Sustain African Oil Production through Asset Rejuvenation – CEO Tullow Oil Plc can sustain oil production at its West African hub through the next decade by focusing on asset rejuvenation, according to Chief Executive Officer Rahul Dhir. “I think we have line of sight” at being able to keep production above 100,000 bopd…
Crude Oil Theft: HURIWA Seeks Death Penalty for Oil Thieves After Nigeria Lost N2.3trn in 3 Months The Human Rights Writers Association of Nigeria (HURIWA) has been compelled to advocate the death penalty for oil thieves due to the financial losses brought on by theft of crude oil. The group made the call on Wednesday…
U.S. Treasury: Russia’s Oil Income reduced remarkably by G7 Price Cap Russian oil sales revenue has been “significantly” reduced as a result of the U.S.-led price cap on Russian oil exports, according to U.S. Treasury Secretary Janet Yellen on Wednesday. According to Yellen, the G7 price ceiling on Russian oil has “significantly reduced Russian revenue…
ACWA Power completes Financial Aspects of Ten Projects totaling more than US$14 billion in under 12 months. Largest in Company’s History ACWA Power, the world’s leading private water desalination company, has truly had an incredible year. Not only are they at the forefront of the energy transition movement and pioneers in green hydrogen, but they…
Suspected Pipeline Sabotage: Norway Strengthens Oil and Gas Security Following the alleged sabotage of the gas pipeline connecting Finland and Estonia in the Baltic Sea, police in west Norway have enhanced security measures and patrols at and around oil and gas infrastructure, a police spokesperson informed Norwegian daily Bergensavisen (BA). “We have increased our focus…
NLNG Advocates for Urgent Action to Secure Gains from Gas Nigeria must be deliberate in its desire to take opportunities offered by the energy transition, the recognition of gas as a transition fuel and the quest for clean energy to increase its gas investment and harvest the gains from gas, the Managing Director and Chief…
Zimbabwe Introduces Gold-Backed Digital Token (ZiG) As A Means of Payment Reserve Bank of Zimbabwe has launched its Gold-Backed Digital Token (ZiG), the bank in a statement noted that “in line with the resolutions of the Bank’s Monetary Policy Committee at its meeting of 26 September 2023, the Bank wishes to advise that with effect…
Over 40% of Our Executive Leadership Team Are women – HEOSL’s CEO These are indeed the best of times for women Petrotechs and allied professions Ado Oseragbaje, the Chief Executive Officer of Heritage Energy Operational Services Limited (HEOSL), has revealed that women constitute over forty percent of his top Leadership Team. This is a laudable…
