The New York and Tel Aviv based startup Dynamic Infrastructure is implementing the world’s first deep-learning solution which allows bridge and tunnel owners and operators to obtain visual diagnosis of the assets they manage. The system provides live, cloud-based, 3D views of the bridge or tunnel and automatically alerts when changes are detected in maintenance and operation conditions –…
Ghana’s oil and gas industry continues to attract key global industry players on the back of sustained investor interest LONDON, United Kingdom, October 16, 2019/ — When you think of the top oil and gas nations in Africa, Ghana is not one that traditionally comes to mind, but it is one of the rising…
Nigeria’s Seplat Petroleum has reached an agreement to acquire Aberdeenshire-headquartered Eland Oil and Gas for more than £380 million. Eland said the all-cash £383mn deal has been recommended by the firm’s board and is supported by its three largest shareholders. The statement said Seplat had also secured backing for its offer from major shareholders in…
Mrs Margaret Onyema-Orakwusi, Chairman, Ship Owners Association of Nigeria (SOAN) says curtailing poaching in Nigeria and the African Continent will require international collaboration. Onyema-Orakwusi said this in an interview on Monday in Abuja. According to her, the international community has the market and capability to effectively monitor all activities that take place in the waterways….
Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over a U.S.-Sino thaw that helped to lift crude markets by 2 per cent at the end of last week. Brent crude futures LCOc1 fell by 69 cents to…
The National body of the Petroleum Tanker Drivers Association, an arm of the National Union of Petroleum and Natural Gas Workers (NUPENG) on Tuesday in Lagos commenced training of about 2,500 tanker drivers to reduce road accidents. Mr Akanni Oladiti, the National Chairman of Petroleum Tanker Drivers branch of NUPENG said the training which was…
A communications firm, Interstella Communications Ltd., has told the Central Bank of Nigeria (CBN) to obey a Supreme Court order by paying them $285 million judgment sum for alleged breach of contract. The Supreme Court of Nigeria had in a judgment delivered on Dec. 15, 2017 in Appeal No. SC 500/2014 ordered that $285 million…
The Nigerian Communications Commission (NCC) says it is committed to clamping down on the sale and usage of pre-registered SIM cards in the telecommunication industry. The Southeast Zonal Controller of the commission, Mrs Emilia Nwokoro, disclosed this on Monday, when she paid a courtesy visit to the zonal office of the News Agency of Nigeria…
Mozambique Liquefied Natural Gas (LNG) is set to be a game-changer for this East African nation of 31 million people MAPUTO, Mozambique, October 14, 2019/ — With a second FID in just 2 years, Mozambique has officially positioned itself as a key player in the global gas and LNG market for years to come. The…
The Nigerian National Petroleum Corporation, NNPC says the reopening of OML 25 signifies more revenue for the country and development for the host communities, following the resolution of dispute between the Shell Petroleum Development Company, SPDC and the host communities. The Group Managing Director of NNPC, Mr Melee Kyari stated this at the formal hoisting of SPDC…
