Chevron Accepts Arbitration Terms in Dispute at Australia LNG Plants Chevron said on Thursday it would accept the terms of a deal brokered by Australia’s industrial arbitrator to resolve a dispute with unions over pay and conditions at two liquefied natural gas (LNG) projects in the country. While the unions have yet to respond to…
Oil Closes in on $95 Per Barrel, Hitting $100 in Some Markets The oil-price rally continued in full force on Monday, with Brent crude closing in on $95 per barrel in early afternoon trading, and some crude grades around the world topping $100. At 12:23 p.m. ET on Monday, Brent crude was trading at $94.53,…
UK to Mobilise 664m USD FDIS on Clean Energy into Nigeria The UK government is committed to supporting clean, green and sustainable economic growth in Africa, the British High Commission in Nigeria has said. To this end, the UK government has initiated a programme, tagged ‘Manufacturing Africa’, which is supporting 22 manufacturers to land investments…
Rivers Community Writes Oando Over NAOC Legacy Liabilities Members of Aggah community in Ogba/Egbema/Ndoni Local Government Area of Rivers State, have written Oando Plc over the legacy flooding in their community caused by activities of Nigerian Agip Oil Company, NOAC, a matter which, according to the community, is before the Organisation for Economic Cooperation and…
NLNG: Gas to Play a Significant Role in Africa’s Energy Mix Natural gas should and will play a significant role in Africa’s energy mix to meet the demands arising from rapid population growth and economic expansion, as well as the need for affordable access to clean energy and supply security for industrialisation, according to Dr….
NEITI, NUPRC, Imo, Others Extol Spaces for Change Moves to Transform Communities The Nigeria Extractive Industries Transparency Initiative, NEITI, Imo State Government and the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, have extolled Spaces for Change, S4C’s moves to stimulate development in minerals producing areas. The commendations were expressed during the just-concluded two-day National Extractives Dialogue,…
China Triples Diesel Exports Chinese refiners have tripled their exports of diesel so far this year as export quotas and rising refining margins in Asia proved incentives enough amid tepid domestic diesel demand. Between January and August, China’s exports of diesel soared by 197.2% compared to the same eight months of 2022, according to data…
Chevron Provide Health and Educational Support to Communities in Rivers, Yobe and Oyo States Chevron entities in Nigeria including Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (“NNPCL”) and CNL (“NNPCL/CNL JV”), Star Deep Water Petroleum Limited (a Chevron company) and its parties in the Agbami field…
Russia Mulls Ban on Oil Product Exports to Stabilize Prices Russia is again reviving the possibility that it could ban all crude oil product exports in order to stabilize volatile fuel prices in the country, according to Russia’s TASS new agency said on Friday. Alternatively, Russia could increase its oil product exports duty to $250…
EEDC Blames Blackout in Abia, Enugu, Others on National Grid Collapse The Enugu Electricity Distribution Company, EEDC, has blamed the power outage in the five states of its coverage, namely Abia, Anambra, Ebonyi, Enugu and Imo states, on the national grid’s total system collapse. EEDC head, Corporate Communications, Mr. Emeka Ezeh, who confirmed the blackout…
