OIL & GAS
NNPC/NPDC takeover of OML 11
There is something to be said about an education that does not prepare its recipients to properly interrogate ideas and issues.
Shell sets carbon reduction targets
Royal Dutch Shell yesterday said it planned to reduce carbon emissions from its oil and gas operations and product sales by between two per cent and three percent by 2021. This is the first time the oil major is issuing carbon footprint targets.
Stanbic IBTC to provide N18bn facility for Eland Oil & Gas
Stanbic IBTC, working with its group brand, Standard Bank Group of South Africa, has partnered Eland Oil & Gas, West Africa with an initial focus on Nigeria, to provide a new accordion facility and increased borrowing base of $50m (about N18bn).
Nigeria, Sao Tome Give Total Nod to Develop Oil Blocks
French oil giant, Total, was yesterday awarded an exclusive right by Nigeria and the Island of São Tomé and Principe, to begin exploration for oil in three blocks, 7, 8 and 11, located within the hydrocarbon-rich Joint Development Zone (JDZ) owned by both countries in the Gulf of Guinea.
Movements in prices of cooking gas divergent as average petrol price drops
The National Bureau of Statistic (NBS) has reported a mixed development in average prices of Liquefied Petroleum Gas, LPG, across the country but a decline in average price of premium motor spirit (petrol) in its survey for the month of February 2019 released yesterday.
FAMFA Oil inspires schoolchildren to read on World Book Day
Last Thursday, March 7, was World Book Day in Nigeria, an annual event aimed at celebrating the book as an all-important cultural item all over the world. Lagos-based oil and gas company, FAMFA Oil Limited, grabbed the opportunity offered by the occasion to hold its maiden book reading event at the MUSON Centre in Onikan, Lagos, with over 300 schoolchildren drawn from selected schools in the state.
How Senator Ikechukwu Obiora got N4.127bn in Malabu Oil sleaze
A new revelation has been made of how former lawmaker, Senator Ikechukwu Obiora, was paid the sum of $11,465,000, an equivalent of N4.127 billion in what has earlier been described as Africa’s largest petroleum industry scandal in history.
Civil servants urged to shun corruption
Civil servants have been urged to shun corruption and other related offences in their work places, in line with the anti-corruption mantra of the government.