Wärtsilä LNG Reliquefication Retrofit Contract Reduces Costs & Emissions Technology group Wärtsilä will supply the reliquefication system for a retrofit project on an LNG carrier vessel converted to operate as a floating storage unit (FSU). The vessel, the ‘Energos Grand’ is owned by Connecticut, USA based operator Energos Infrastructure, and is being chartered by New…
Shareholders laud Seplat Energy’s $204.4m 2022FY Profit, 15 Cents Per Share Dividend Seplat Energy Plc, on Wednesday, held its 10th Annual General Meeting (AGM) virtually with shareholders, regulators, company directors, and the media, amongst other stakeholders joining virtually. In his address to shareholders and other stakeholders during the AGM, Basil Omiyi, the Chairman of Board,…
Executive Secretary, NCDMB Engr. Simbi Kesiye Wabote,visits Orbit Galvanized Steel Industries Ltd
Court Affirms NCDMB’s Mandate to Collect 1% NCDF The Federal High Court sitting in Yenagoa, Bayelsa State on Tuesday delivered a landmark judgment confirming the authority of the Nigerian Content Development and Monitoring Board (NCDMB) to collect the one percent Nigerian Content Development Fund (NCDF) levy from every contract awarded in the Nigerian oil and…
TotalEnergies Set to Start Drilling in Lebanon Later This Year French TotalEnergies is set to commence offshore drilling in Lebanon in Q3 of this year, with the restive, energy-starved country now awaiting news of a potential first discovery by the end of 2023. The consortium drilling offshore Lebanon in Block 9 is led by TotalEnergies,…
Angola Forecasts 3.6% Gross Domestic Product (GDP) Growth Over Next 5 Years, Minister Says …Angola’s Minister of Economy and Planning has indicated that the country foresees economic growth of 3.6% between 2023 and 2027, driven primarily by positive performance in the oil sector Angola’s Minister of Economy and Planning, H.E. Mário Caetano João, has indicated…
Norway’s Natural Gas Nationalization Plan Broader Than Expected Norway’s plan to nationalize natural gas assets includes more than just Gassled’s natural gas pipelines, new information revealed in a letter from the Norwegian energy minister has shown. The surprise move to nationalize the country’s gas assets will also include other assets—including the Nyhamna processing plant. Last…
Court orders Seplat Energy Plc to Hold AGM Wednesday10th May 10 A Federal High Court sitting in Abuja has ordered Seplat Energy Plc to hold its Annual General Meeting (AGM) on Wednesday (10th May 10, 2023). The judgement was delivered by Justice A.R. Mohammed in Suit number FHC/ABJ/PET/7/2023 – Akinnifesi & Adelaja V. Seplat Energy…
About $600bn Spending is Required to Achieve Cut in Oil and Gas Emissions this Decade – IEA To achieve cut in oil and gas emissions this Decade, about $600 billion is required, says International Energy Agency (IEA). This figure, IEA says, is only a fraction of the record windfall income that oil and gas producers…
