Oil rises due to firm yuan, expectations of more OPEC cuts
Oil jumped more than $1 a barrel on Thursday due to expectations that falling prices may lead to production cuts, coupled with a steadying of the yuan currency after a …
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PetroChina raising gas prices ahead of pipeline reshuffle
Shanghai/Singapore — PetroChina is bucking normal practice and raising its wholesale natural gas prices during the weak-demand spring season, several sources said, preparing for the coming consolidation of China’s pipeline assets …
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Highlights at OTC 2019 Awards with PETAN
The PETAN Awards is an initiative by Nigeria’s foremost industry advocacy group, Petroleum Technology Association of Nigeria (PETAN); and it is intended to promote and heighten awareness of organizations and individuals …
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Ugandan president, Total boss meet over oil production
President Museveni on Monday met the French oil giant Total’s chief executive and board chairman, Mr Patrick Pouyanné, as part of efforts to fast track the ongoing back-to-back activities leading …
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Shell to invest $15bn in oil, gas projects in Nigeria
Shell Nigeria will invest $15 billion in the oil and gas sector in the next five years amidst concerns that investment in the sector is shrinking AMIDST growing concerns …
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Nigeria attains EITI’s highest rating, becomes first in Anglophone Africa
The Board of the Extractive Industries Transparency Initiative (EITI) has ranked Nigeria as having made ‘Satisfactory Progress’ in the implementation of its principles in the country’s oil, gas and mining …
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Shell invites Bid for New FPSO in Bonga
Shell Nigeria Exploration and Production Company invites contractors to tender for the development of the Bonga South West Aparo oil field THE Shell Nigeria Exploration and Production Company, …
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SCHNEIDER Electric leads technology conversation at WAIPEC
L- R: Christophe Begat, Managing Director Schneider Electric West Africa; Nabil Djouhri, General Manager Schneider Electric West Africa; Dr. Ibilola Amao, Principal Consultant Lonadek Inc, United Kingdom; Abdul-Malik Halilu General …
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Sound Energy provides preliminary results on TE-10 well in Greater Tendrara permit
Sounde Energy, the Moroccan focused upstream gas company, announced December 27 the preliminary results of intermediate wireline logs at TE-10, which indicate the presence of gas bearing sands in the …
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Shell’s Bonga oil production hits 800m barrels’ mark
Royal Dutch Shell yesterday declared that the crude oil production from its Bonga oil field in Nigeria had hit the record 800 million barrels mark in the last 13 years. …
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FG Sues Shell, Eni delays FID on Zabazaba/Etan
The government of Nigeria is suing Royal Dutch Shell Plc, Eni SpA and other companies for more than $1 billion over a 2011 oil deal it says was tainted by corruption. …
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Nigeria’s domestic gas consumption to reach 500,000 metric tonnes – Ministry
Domestic gas consumption in Nigeria has witnessed a recent increase from 390,000 to 490,000 metric tons with a potential of hitting 500,000 milestone in the near future. This was disclosed …
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REA to connect 250 Nigerian rural communities to solar power
About 250 rural communities across Nigeria would soon be connected to stable electricity generated from solar based facilities, the Rural Electrification Agency (REA) has disclosed. The REA which revealed this …
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Saudi Arabia seeks Nigeria’s cooperation on oil market stability
The Minister of Petroleum, Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al-Falih, Wednesday, held talks with the Federal Government of Nigeria as parts of effort to …
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Nigeria LNG offers December cargo
Nigeria Liquefied Natural Gas (NLNG) has offered a cargo for loading in December, three industry sources said on Tuesday. The company has likely offered the cargo through private negotiations and …
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Nigeria has lost most valued oil buyers, gas customers now competitors – DPR
Nigeria has lost its most valued crude oil buyers, even as its erstwhile gas customers are now competing with it, the Department of Petroleum Resources said on Monday. The Director, …
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The New Power Grid: Obligations In The Era of Change
To effectively map out the current and future states of power delivery, it’s imperative to discuss what the landscape looked like in the past. Understanding the evolution of any industry …
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NLNG committed to eliminating gas flaring – MD
The Nigerian Liquefied Natural Gas Limited has expressed its commitment towards eliminating gas flaring in the country. Managing Director/Chief Executive Officer of NLNG, Tony Attah, said the firm was at …
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The Abu Dhabi International Petroleum Exhibition and Conference kicked off yesterday, Monday. This year’s event, unlike previous years, has a session with an African focus. It is coming just after …
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Nigeria’s Sahara Group to develop S. Sudan electricity infrastructure
Nigeria-based energy firm Sahara Group (SPG) and the Ministry of Energy and Dams agreed to develop infrastructures of the power sector in South Sudan. South Sudan has the lowest per …
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Nigeria targeting 10% global LNG market share – NNPC GMD
As part of its strategic aspirations to drive maximum value from Nigeria’s abundant natural gas resources, the Group Managing Director of Nigerian National Petroleum Corporation, Dr. Mailkanti Kacalla Baru, has …
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Wabote inaugurates Tolmann’s modular fire field centre
A new modular fire field and emergency response training centre built by Tolmann Allied Services Limited has been commissioned by the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), …
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Refineries failures costs Nigeria $1bn in annual savings
There are indications that the inability of the country’s refineries to meet domestic demand for petroleum products may have affected the Nigerian National Petroleum Corporation, NNPC, projected annual revenue savings …
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Newsletter Editorial
Welcome, Majorwaves Readers. Here’s a sneak peek into last week’s energy events around what transpired in the three major sub-Saharan countries in Africa: Coming on the heels of the just-concluded …
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Chevron backs ‘willing buyer-willing seller’ gas pricing model
Chairman/Managing Director of Chevron Nigeria Limited, (CNL) Jeff Ewing has called on stakeholders in the gas industry to support and enable the willing seller – willing buyer gas pricing model, …
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SON clamps down on substandard concrete electric poles in Rivers, Bayelsa
The Standards Organisation of Nigeria (SON) has advised users of concrete electric poles within Rivers and Bayelsa States axis to be cautious in making purchases of the product to avoid …
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AEDC laments increased sophistication of electricity theft
The Abuja Electricity Distribution Company (AEDC), says that thieves with sophisticated methods have been stealing electricity from its network. It said the practice of stealing its electricity has persisted despite …
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NERC grants metering permit to 69 firms
The Nigerian Electricity Regulatory Commission (NERC) has granted 69 firms permits to fund purchase, installment and replacement of meters to meet the 11 electricity distribution companies (Discos) metering gap and …
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UNIC, others advocate grassroots education on climate change
The establishment of a ‘Climate Change Vision’ involving all quarters, excellent climate change governance and behavioural change among all the people has become inevitable. A Senior Research Fellow at the …
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Adaptation Finance Update: Experience Sharing Enhances Access to Climate Finance, Improves Adaptation Practices
31 July 2018: During the month of July, several adaptation programmes around the world achieved access to climate finance. The Adaptation Fund approved a pilot South-South cooperation readiness support package …
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