The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export sales of $416.07 million in June, 2018 which is 35.78 per cent higher than the previous month. Details of the figures contained in the June 2018 edition of the Monthly NNPC Financial and Operations Reports, released today also indicated that…
Stakeholders in the mining sector at the end of their three-day Council meeting in Kaduna, North Central, developed new strategies that would successfully transform the sector and help realise Nigeria’s ambition in driving domestic industrialization. This was one of the take-aways at the end of the 3-day meeting of the National Council on Mining and…
The Kenya Electricity Generating Company (KenGen) has signed a joint declaration with the United Nations Industrial Development Organization (UNIDO) and the Japan International Cooperation Agency (JICA), to improve the efficiency in geothermal power generation. The power utility targets to achieve improved security and efficiency in geothermal power generation with the Internet of Things (IoT) technologies….
Ms Olayinka Mubarak is the Group Head, Solid Minerals and Metals, Bank of Industry (BoI). The bank will be returning as a Platinum Sponsor at the 2018 Nigeria Mining Week in Abuja. In this interview, she explains sundry issues around BoI’s support for the Nigeria mining sector. Excerpts Can you explain the history of the…
By Tsvetana Paraskova ExxonMobil plans to begin drilling for oil and gas offshore Cyprus sometime this quarter, a senior executive said on Friday, while Turkey warned again on Thursday against exploration offshore Cyprus in what it says is ignoring the rights of the Turkish Cypriot people. Turkey, which recognizes the northern Turkish Cypriot government and…
By Osama Rizvi The bulls are well and truly back in the oil market, with many analysts and traders predicting $100 oil by Christmas. But upon closer inspection, these claims appear to be driven fear and greed as opposed to fundamentals. On Wednesday, the EIA reported a huge build in U.S. inventories, 7.9 million bpd,…
Bayelsa communities under the Tarakiri clusters in Ekeremor and Sagbama local government areas of the state are threatening a showdown with the Shell Petroleum Development Company (SPDC) over breaches in the agreements reached in the Global Memorandum of Understanding (GMoU). The Guardian has reported. A group from the community known as Voice of the Youths…
By Damilola Shittu According to Dada Thomos, the President of the Nigeria Gas Association (NGA), over the last 10 years Nigeria has managed to reduce gas flaring from two billion cubic feet per day to 700 million cubic feet per day, resulting in 65% improvement. Thomos revealed this at a briefing announcing the fourth coming…
Operatives of the Nigerian Navy have arrested 14 men for allegedly smuggling adulterated diesel and ‘black oil’ to unsuspecting consumers in Rivers State. The News Agency of Nigeria (NAN) reported that the Executive Officer, Nigerian Navy Ship Pathfinder, Captain Samuel Garba, spoke while parading the 14 suspects before the press in Port Harcourt, Rivers State,…
By Irina Slav A $200-billion solar power project that was planned to be the largest solar farm in the world might never happen, government sources from Riyadh told the Wall Street Journal. The Kingdom earlier this year announced the funding and a partnership with Japanese SoftBank as part of its Vision 2030 economic reform plan…
