The Federal Government has begun the partial commercialisation of four River Basin Development Authorities (RBDAs) in the country. Mr Alex Okoh, Director General, Bureau of Public Enterprises (BPE), in a statement issued by Amina Othman, Head, Public Communications, BPE, on Friday, November 16, 2018 in Abuja, said the RBDAs are the Niger-Delta, Sokoto-Rima, Ogun-Osun and…
The Minister of Niger Delta Affairs, Dr Usani Uguru Usani, has expressed concern over the negative impacts of environmental damage in the Niger Delta region. Usani expressed this concern at a one-day Stakeholders Validation Workshop and launching of a draft document on Niger Delta Region Climate Change Programme and Action Plan organised by the ministry….
The Environmental Health Officers Registration Council of Nigeria (EHORECON) has called on the public to join hands in the sensitisation and participation of all to ensure proper hygiene. Dr Dominic Abonyi, the Registrar of the Council on Friday, November 16, 2018 in Abuja made the call during the inspection of some Ministries Departments and Agencies…
Oando Plc, is planning oil production increase with a 25 per cent target rise by 2019. This plan is coming as the company recently emerged from a $2.5 billion debt burden built up through the 2014 acquisition of oil and gas assets from U.S. giant, ConocoPhillips. Wale Tinubu, Group Chief Executive Officer (GCEO), who announced…
Anadarko Petroleum is being accused of tying the Mozambican government’s hands and by extension Shell’s too, by refusing to supply enough domestic gas in the first phase of the planned LNG project. Shell says the US independent’s refusal to commit more gas supplies to the domestic market hinder its plans to build a 38,000 bpdGTL…
Speaking at the opening of the at Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) Monday, Nigeria-born Organisation of the Petroleum Exporting Countries (OPEC) Secretary General, Dr. Mohammed Sanusi Barkindo, had assured Nigeria and the global oil community that the organization would do all it takes to sustain the “relative stability” currently witnessed in the…
While other African oil-producing countries are gearing up to attract investments, regulatory uncertainty in Nigeria’s oil and gas industry has continued to darken the outlook for big projects in the country. Several planned deepwater projects in the country, with the potential to bring online almost 1.1 million barrels of new production daily over the next…
There are indications the world is fast moving into gas as major source of energy with a report by the International Energy Agency (IEA) saying that Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030. The Paris-based IEA said in its ‘World Energy Outlook 2018’ that…
President Muhammadu Buhari has said that his administration will continue to implement policies that attract investment and spark competition in critical sectors of the economy for employment creation and growth. Speaking at the State House, Abuja on Thursday while receiving the Chairman and Management of the LADOL Integrated Logistics Enterprise on a courtesy visit, President…
Presidents Nana Akuffo Addo of Ghana and Uhuru Kenyatta of Kenya have both described the investments in African entrepreneurs, by Philantrophist Mr Tony O. Elumelu, CON as apt and the right path for the economic transformation of the region. They shared this at the just concluded fourth edition of the Tony Elumelu Foundation forum for…
