By Our Correspondent A maritime architecture firm Glosten, working with ABB has designed a hybrid drive, ship assist tug that can run on methanol, according to FleetMon. It stated: “The idea behind the design is to provide operators with a tugboat that not only provides a viable path to carbon-neutral operations but also minimizes costs. […]
MARITIME: Glosten and ABB reveal Methanol Powered Hybrid Tug Design Read More »
The UNDP Country Representative to Lesotho, Ms. Betty Wabunoha said for the first time in 32 years, the Human Development Index, which measures a nation’s health, education, and standard of living, has declined globally for two years in a row. She said this when officially launching a Human Development Report (HDR), themed “Technology and Innovations
Lesotho: Fears as Human Development Index declines Read More »
By Eyo Nsima The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €28.88 loan for improvements to the road and transport network linking six Senegalese municipalities. The loan was approved on 20 September 2022. The financing will be sourced from savings from the Senegal Cities Modernisation Programme (https://bit.ly/3UJA5xg). The funds
By Eyo Nsima Following its selection as the first partner for the 32 million ton per annum (Mtpa) North Field East (NFE) liquefied natural gas (LNG) project, TotalEnergies has again been selected as the first international partner in the 16 Mtpa North Field South (NFS) LNG project. Pursuant to the agreement, TotalEnergies will obtain a
Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN has stressed the imperative of international support and cross-border collaboration in implementing measures to combat illicit financial flows. A statement from Dr. Umar Jibrilu Gwandu, the Special Assistant on Media and Public Relations, Office of the Attorney General of the Federation disclosed that
Global support crucial to combat illicit financial flows – Malami Read More »
By Eyo Nsima The International Oil Companies (IoCs) will pay N380.04 billion in October 2022 as proceeds from the sale of domestic crude oil. The Nigerian National Petroleum Company (NNPC) Limited disclosed this in its monthly presentation to the Federation Account Allocation Committee (FAAC) meeting on Friday, September 23, 2022. A FAAC document obtained by
JUST IN: IoCs to pay N380bn for domestic sales in October Read More »
Representing the cleanest fossil fuel as well as the most widely available in Africa – the continent boasts over 620 trillion cubic feet (tcf) of proven gas reserves, with new exploration campaigns set to increase this figure two-fold – monetizing and utilizing gas will enable Africa to make energy poverty history by 2030. In addition
Avedia Gas joins African Energy Week (AEW) 2022 as Bronze Sponsor Read More »
By Esueme Dan Kikile ESQ Twelve years of strategic planning and creative deployment of regulatory powers at the Nigerian Content Development and Monitoring Board have literally reinvented Nigeria’s oil and gas industry to a degree that national aspirations, for decades elusive, have suddenly become realisable. Those aspirations, consecrated by evidence of how Middle Eastern countries with
Oil & Gas Rediscovered: The Prospector, NCDMB Read More »
OPEC daily basket price stood at $95.51 a barrel Thursday, 22 September 2022, compared with $96.31 the previous day https://www.opec.org/opec_web/en/press_room/6758.htm
OPEC daily basket price Read More »
Attorney-General of the federation and minister of justice, Abubakar Malami SAN said that Nigeria is making concerted efforts in addressing oil theft including spending enormous resources on Pipeline Surveillance Security through the regular Armed Forces budgetary spending, and payments to Civilian Security Companies under unique Public Private Partnership (PPP) arrangements. This was made known by
UNGA 2022: Malami extolls how Buhari addresses crude oil theft Read More »
