Global rig count rises 3.4% to 1,884 — OPEC By Eyo Nsima Despite the clamour for Energy transition, there are indications that the oil and gas industry still attracts significant investment globally as the rig count, an index of measuring upstream activities, rose by 3.4 per cent, year-on-year, YoY basis to 1,884 in June 2023, […]
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Chevron commends Ondo State Government for its visionary “Develop Ondo 2.0 Summit” Chevron Nigeria Limited has commended the Ondo State government for its visionary initiative in providing a dynamic platform for the state to present its vast potential and opportunities to the investment community, both within Nigeria and beyond with the “Develop Ondo 2.0” Investment
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FUEL SUBSIDY: FG working with states, local governments to implement interventions By President Bola Tinubu I want to talk to you about our economy. It is important that you understand the reasons for the policy measures I have taken to combat the serious economic challenges this nation has long faced. I am not going to
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Thirty Accomplished Women Inducted into WEOG at Lagos Oriental Hotel Ceremony Date: July 27th, 2023 Lagos, Nigeria – In a historic event held at the prestigious Lagos Oriental Hotel, thirty remarkable women from various fields within the oil and gas industry were inducted as members of Women in Energy Oil and Gas (WEOG) on Thursday,
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Danbatta Advises Businesses to Adjust with Disruptive Technologies Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof Umar Garba Danbatta, has advised businesses to adjust to the potentials of disruptive technologies which have been adopted across the globe for enhanced productivity and sustainability. He told industry leaders and Information and Communication Technology (ICT) innovators, who
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Two years on, SNEPCo MD Elohor Aiboni drives Shell’s deep-water dream By Precious Okolobo Two years ago, Shell named Mrs. Elohor Aiboni to superintend its deep-water subsidiary in Nigeria, an appointment that not only shattered the proverbial glass ceiling but also recognised the repertoire of Nigerian talent in the oil and gas industry. Elohor
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OIL MARKET: OPEC committed to achieving global market stability — H.E. Antonio Oburu Ondo By Eyo Nsima The Minister of Mines and Hydrocarbons of Equatorial Guinea and President of the Organisation of Petroleum Exporting Countries, OPEC, H.E. Antonio Oburu Ondo, has expressed the commitment of OPEC to achieving market stability. Ondo noted that the market
OPEC’s rig count rises 14.9% to 423 as Non-OPEC leaps to 1,461 — Report By Eyo Nsima The rig count of members of the Organisation of Petroleum Exporting Countries, OPEC, rose year-on-year, YoY by 14.9 per cent to 423 in June 2023, from 368 in the corresponding period of 2022. But on a month-on-month, MoM
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NIGERIA’s CBN: President Tinubu appoints Jim Obazee to probe Emefiele’s tenure By Eyo Nsima The federal government has appointed Jim Obazee, former chief executive officer of the Financial Reporting Council of Nigeria, as a special investigator to investigate Emefiele’s tenure at the Central Bank of Nigeria, CBN and related entities. In a letter sighted by
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MARITIME ACCIDENT: Feeder container ship aground, Kattegat Denmark By Our Correspondent A Container ship ELBWATER ran aground in Lillegrund shallows some 10 nm SE of Aarhus, Denmark, at around 0440 UTC July 28, 2023, while en route from Fredericia to Aarhus, according to FeetMon. It stated: “Still aground as of 1600 UTC Jul 28, awaiting
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