Net-Zero: Africa, Other Emerging Market and Developing Economies Need $2 trn Annually to Reach Goal – IMF To achieve the transition to Net-Zero emissions by 2050 will require substantial climate mitigation investment in Africa and other emerging market and developing economies, which currently emit around two-thirds of greenhouse gases. According to the International Monetary Fund…
NCDMB, Waltersmith Refinery, partner on graduate retraining A 12-month Nigerian Content NC-Remedial Training Programme for young university graduates kicked off on Friday in Port Harcourt, Rivers State, with 29 trainees expected to focus on general skill sets and specialised skill sets that would fit them for oil and gas industry operations. Organised by the Nigerian…
Offshore Dimensions Shines Bright With “Outstanding Growth Award In the realm of business excellence, Offshore Dimensions has just hit a remarkable milestone! We are absolutely thrilled to announce that our organization has been honored with the prestigious “Outstanding Growth Award” from Parker Hannifin, a distinguished American OEM. This accolade, specifically recognizing our growth as a…
QatarEnergy, Korea’s HHI Sign $3.9 Billion Deal for 17 LNG Carriers QatarEnergy said on Wednesday it had signed a 14.2 billion riyal ($3.90 billion) deal with HD Hyundai Heavy Industries for the South Korean firm to supply it with 17 liquefied natural gas (LNG) carriers. The deal “will support (QatarEnergy’s) expanding LNG production capacity from…
NDDC Tasks Youths on Embracing Entrepreneurship The Managing Director of the Niger Delta Development Commission, NDDC, Dr. Samuel Ogbuku, has charged youths of the Niger Delta region, to embrace entrepreneurship as a springboard for sustainable development. Ogbuku, who made the call in his keynote address at the Ogbia Youth Summit in Ogbia, Bayelsa State, noted…
Diversify into Blue Economy, MOSIEND Tasks Niger Delta Governors The Movement for the Survival of the Izon Ethnic Nationality in Niger Delta, MOSIEND, has urged state governors in the Niger Delta to key into the federal government initiative of marine and blue economy, in order to built wealth for the governed and increase revenue generation….
OB3 Gas Pipeline Project: Ekpo Tasks Contractors on December Deadline Minister of State Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has urged contractors handling the Obrikom, Obiafo and Oben (OB3) gas pipeline project to ensure its completion by December this year. He stated this on Thursday during a tour of the 48 × 1.8km gas pipeline…
EIA Cuts U.S. Hydropower Generation Forecast By 6% For 2023 The Energy Information Administration (EIA) reduced on Thursday its forecast for U.S. hydropower generation by 6% this year compared to 2022, as much lower generation in the Northwest would more than offset an increase in California’s hydropower output. Since the spring, higher-than-normal temperatures have slashed…
NERC Unveils Stringent Penalties for Electricity Offences under the Electricity Act The Nigerian Electricity Regulatory Commission (NERC) has laid out the specifics of various electricity-related offences and their respective penalties as outlined in the 2023 Electricity Act. This information was disseminated by NERC through its official Twitter handle on Thursday, September 28. Recall that President…
Troops Seize 696,000 Stolen Crude, Destroy 34 Illegal Refineries In Two Weeks The Defence Headquarters says troops of Operations Delta Safe (OPDS) have seized 696,250 litres of stolen crude oil, 54,400 litres of illegally refined diesel, and 1,200 litres of petrol during several operations against oil thieves in the Niger Delta region in the past…
