Nigeria signs LOI to drop agricultural emissions by 74m tonnes in 8 years The Federal Government has recently signed a letter of intent with the United States to drop emissions from the agriculture sector by 74 million tonnes by 2030. During the meeting between FG officials and US Special Envoy on Climate Chane, John Kerry,…
Onshore Crude Oil Inventories Are Collapsing At Fast Rate – Report An energy and environmental geo-analytics company, Kayrros has stated in its latest report shared by Rigzone that onshore crude inventories have been tightening and look like they are at an inflection point. Kayrros noted in its report quoted by Rigzone that the slow trend…
Europe Might Slide Into Recession, EU Seeks $140bn Energy Subsidy For Consumers Amid the global energy crisis triggered by the sanctions on Russia amid its invasion of Ukraine, Europe risks a recession as multiple reports note the manufacturing and services’ sectors were regressing. The S&P Global Eurozone Composite Output Index, a measure of economic productivity…
US Permian Basin Set to Produce Record Oil Output The United States Energy Information Administration just disclosed in its latest report that crude oil production in the Permian Basin was set to hit a record high in October. The EIA’s Drilling Productivity Report revealed that the region would be adding 60,000 barrels per day, raising…
1000 Cross River Youths Graduate From NCDMB GSM Training Leave a Comment / Press Releases / By ncdmb The Nigerian Content Development and Monitoring Board (NCDMB) has successfully completed the training of 1000 Cross River State youths on GSM phone repairs, hardware, software & entrepreneurship development under its Youth Empowerment Programme. The training was held in three locations across the state, namely Calabar, Ikom and Ogoja and is the sixth in the seriesorganised…
Global Oil and Gas Exploration Shrinks as Companies Shift Focus to Lower-risk in Core Assets and Regions Global oil and gas exploration is set to shrink this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to recover from the effects of the Covid-19 pandemic…
Rivers Community Protests Alleged DSS Harassment over Oil Theft The people of Rumueke Community in Emohua Local Government Area of Rivers State on Monday, protested against alleged continuous harassment and arrest of their youths by operatives of the Department of State Services over allegations of oil theft. The aggrieved Rumueke community indigenes, complained that operatives…
EU Readies Energy Package, Countries Split over Gas Price Cap The European Union is set to unveil a package of proposed emergency measures this week including a windfall profit levy on energy firms, but countries are split over the details and whether to impose a cap on gas prices. At a meeting on Friday, EU…
Pipeline Surveillance Contract: Nigeria Worried over the Ripple Effect on the Drive for Good Governance On the 23rd of August 2022, the news that hit the air waves was a pronouncement by the Group Chief Executive Officer, of Nigerian National Petroleum Company Limited (NNPCltd) Mr. Mele Kyari of an award of a Forty-Eight Billion Naira…
Ikeja Electric Seeks Support to Stop Energy Theft, Vandalism Ikeja Electric,is soliciting the support of stakeholders in tackling rising cases of energy theft and vandalism within its network. Head Corporate Communications, Ikeja Electric, Felix Ofulue, conveyed his company’s request at a gathering of community media publishers in Lagos. He lamented the alarming cases of illegal…
