London Court Orders Ardova to Pay Zenon $19.2m over Sale of Forte Oil Zenon Petroleum and Gas Limited has won an arbitration case instituted by Ignite Investment Limited in the London Court of International Arbitration (LCIA) over the share purchase agreement (SPA) reached on the sale of Forte Oil Plc to the latter. According to…
PENGASSAN Energy Summit: Kyari Calls for stakeholders collaboration to tackle Oil Theft The Group Chief Executive Officer (GCEO) of Nigeria National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, spoke at the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) Energy and Labour Summit in Abuja that there has to be collaboration among stakeholders…
Ministry of Petroleum Resources Steals Show At The Ongoing 2022 edition of African Energy Week (AEW) Conference In Cape Town South Africa The Ministry of Petroleum Resources under the superintendency of the Honorable Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva Shines at the African Energy Award Night At the ongoing 2022 edition…
KOHLER-SDMO formally transitions to KOHLER® Leading manufacturer of generating sets completes brand transition The Brest-based company KOHLER-SDMO has formally become KOHLER®, completing the brand transition in EMEA. Founded in 1966 in Brest, France, SDMO joined the international Kohler group in 2005, becoming KOHLER-SDMO in 2016 to reflect its part in the global Kohler network. With…
NNPC $100m Debt to Indigenous Shipowners: Fuel Scarcity Looms. The Ship Owners Association of Nigeria (SOAN) recently threatened to strike over the Nigerian National Petroleum Company Limited’s (NNPC) outstanding payment of $100m for services rendered in the past eight months and gave a two-week ultimatum. This has generated a lot of controversy as industry watchers…
Nigeria LNG Declares Force Majeure as Flooding Disrupts Gas Supply Nigeria Liquefied Natural Gas (NLNG) has declared force majeure because of widespread flooding that has disrupted supply. The declaration could worsen Nigeria’s cash crunch and will curtail global gas supply as Europe and others struggle to replace Russian exports due to the invasion of Ukraine…
Kogi Communities Jubilate as Dangote Cement Obajana Plant Reopens There were huge scenes of jubilation among affected host communities following the Federal Government’s order for the immediate reopening of the Dangote Cement Plc plant at Obajana in Kogi State. Members of the host communities from Iwaa, Oyo, Obajana, and Apata who spoke to newsmen said…
Tompolo’s Security Company Discovers Illegal Pipeline for Crude Oil Export The Federal Government against crude oil theft and pipeline vandalism has recorded another major success as Tantita Security Services, operated by the ex-leader of the defunct Movement for the Emancipation of Niger Delta (MEND), Government Ekpemupolo, alias Tompolo, has uncovered another illegal pipeline used by…
NNPC Signs Another MOU to Extend Gas Pipeline to Three Additional Countries Nigerian National Petroleum Company Limited (NNPCL) signed four additional Memoranda of Understanding (MoU) on the execution of the 5,600-kilometre Nigeria-Morocco Gas Pipeline (NMGP). The proposed $25 billion gas pipeline is expected to link Nigeria and Morocco, opening a possibility for a new energy…
MOSOP Demands Stronger Penalties Against Oil Firms For Pollution As Nigeria joins to mark World Food Day, the Movement for the Survival of the Ogoni People (MOSOP), has called for stronger penalties against oil companies and other busineness whose activities directly or indirectly affect local communities especially in food production. President of MOSOP, Fegalo Nsuke…
