By Tsvetana Paraskova Shell said on Thursday that it had started early production at a deepwater subsea development in the U.S. Gulf of Mexico a year ahead of schedule and at a forward-looking, break-even price of less than $30 per barrel of oil. Shell began early production at the Kaikias development that has an estimated…
The Movement for the Survival of the Ogoni People (MOSOP) has canvassed a review of the revenue allocation formula and state control of their resources. The MOSOP President, Legborsi Saro Pyagbara, made the call in Port Harcourt on Thursday. The Movement for the Survival of Ogoni People (MOSOP) has urged President Muhammadu Buhari to rise…
By Alex Kimani When trying to predict gold prices, investors usually look at one or several drivers: interest rates, U.S. dollar fluctuations, above-ground gold stocks, equities, bonds, commodity prices and even debt levels. But on their own, how reliable is each for predicting either short-or-long-term medium gold price movements? For instance, you have probably heard…
Energy Worth with Agency Report The Nigerian Society of Engineer has commissioned Momas Metering School, established by Momas Electricity Meters Manufacturing Company Limited (MEMMCOL). This, the company said is expected to bridge the gap of professional manpower in the power sector, especially in the metering sub-sector. The Momas Metering School, located in Mowe, Ogun State…
By Energy Worth The management of Total Nigeria Plc. says it has opened 100 new outlets nationwide in the last couple of years to serve customers better in line with its mission to give its clients the very best of service delivery. The Managing Director, Mr. Phillipe Torres, who spoke at the weekend to round…
Former Minister of Education, Mrs Obiageli Ezekwesili and former Director of Department of Petroleum Resources, Olsten Olorunsola have urged the National Assembly to legalise the Excess Crude Account to prevent wastage of oil earnings. Speaking at a policy dialogue on the savings of stabilisation mechanism for Nigeria recently, Mrs Ezekwesili, who was a pioneer coordinator…
WHENEVER the opportunity has arisen over the last two years, the Minister of Power, Works and Housing, Mr. Babatunde Fashola (SAN), has not shied away from assuring the Nigerian public of the current administration’s commitment to provide uninterrupted power supply. The most recent occasion for the honorable minister’s avowal was in March this year when…
By Energy Worth In its bid to positively improve the socio economic situation of host communities, Chevron Nigeria Limited (CNL) has launched the Discovery Learning Alliance (DLA) centre in Delta state. About 13,128 pupils and 789 teachers are to benefit from the scheme. Speaking during the handover ceremony of the DLA learning centre initiative in…
ExxonMobil plans to more than double earnings potential by 2025 while addressing the risks of climate change through continued research into breakthrough lower-carbon technologies, Chairman and Chief Executive Officer Darren Woods told shareholders during the company’s annual meeting today. Meeting the world’s growing energy needs will require trillions of dollars in new investment across industry,…
Energy Worth with Agency Report The Transmission Company of Nigeria (TCN) will seek the help of Kaduna State government to remove structures under high tension lines to avert electrocution. The Managing Director of TCN, Mr Usman Gur, gave the hint in an interview with News Agency of Nigeria (NAN) in Kaduna on Monday, and advised…
