OPEC+ Meets June 4 in Vienna amid Conflicting Messages Members of the Organization of Petroleum Exporting Countries, OPEC, producers and their main allies, together known as OPEC+, will meet in Vienna, Austria, to set out their next oil policy moves. Ahead of the meeting, however, top OPEC producer, Saudi Arabia’s Energy Minister Prince Abdulaziz bin…
Government Poverty Alleviation Subsidy linked to Seplat Energy is fraudulent – Company Seplat Energy says its attention is drawn to a false Poverty Alleviation Subsidy claim linked to Seplat Energy Plc on social media and other digital platforms. In an official statement released on its website, the company stated that it is note behind the…
Lloyd’s Register Punishes Indian Shipping Company for Carrying Russian Oil Lloyd’s Register has removed the certification of 21 vessels operated by Indian shipping company Gatik Ship Management, which is one of the biggest shippers of Russian oil abroad. “Lloyd’s Register is committed to facilitating compliance with sanctions regulations on the trading of Russian oil,” Lloyd’s…
Nigeria Completes 700MW Zungeru Hydro Power Project Nigeria’s Minister of Power, Abubakar D. Aliyu has announced the completion of construction of the 700MW Zungeru Hydropower Project, adding that that the Transmission Company of Nigeria, TCN, is ready to accept power transmitted from the plant. The hydropower project is located on the Kaduna River near Zungeru…
Chevron Recommits to Advancing Investment in Nigeria Chevron Nigeria Limited has said it is committed to advancing investment in Nigeria with a key focus on environmental sustainability. The Company is also committed to advancing a lower carbon future, one that meets the global needs of all people, through affordable and reliable, ever-cleaner energy towards achieving…
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,…
