Monday , 23 October 2017

Oil & Gas: Africa

Hope rises for oil market stability in Q4 ‘17

…As OPEC again excludes Nigeria, Libya from oil cut WITH prolonged lull, characterised by over-supply, speculation and politics, the international oil market has been very unstable this year, thus causing tension in major oil-exporting nations, including Nigeria, Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Islamic Republic of Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, United Arab Emirate and Venezuela. Available reports …

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Shell launches NXplorers education initiative in Nigeria

Shell has launched its global education initiative, NXplorers, in Nigeria, in the latest effort to inspire young people to find solutions to the global challenges of food, water and energy in the face of an increasing  global population. “NXplorers will connect Nigeria to the global search for solutions to the interlinked challenges of food, water and energy by inspiring, preparing …

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Nigerian Content Development: Chevron’s Accomplishments and Commitment

Nigeria progresses in its quest to acquire oil and gas technology and build indigenous capacity to service the oil and gas industry, International Oil Companies (IOCs) and other companies are expected to play an active role in Nigerian Content Development (NCD) in the industry.   One company that had imbibed the Local/Nigerian Content Development philosophy well before the Nigeran Oil …

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Chevron, Jewels of Africa foundations donate books to Ondo, Delta states

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Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (NNPC/CNL JV), in partnership with the Jewels of Africa Foundations (JOA) have recently donated over 12,000 books on Science, Mathematics as well as English language to thirty-seven (37) public schools in Delta and Ondo States. Sixteen (16) of the schools that benefitted …

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Stakeholders endorse SNEPCo’s Global Nigeria Forum

Public and private sector players in the Nigerian oil and gas industry have described the annual Global Nigeria Forum (GNF) as a model worthy of emulation by the country’s local content regulator. They spoke at the fourth edition of the forum held in Aberdeen, Scotland on September 9 with the theme: Enabling Competitive Local Content Through Sustainable Partnerships. The forum, …

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How Shell’s deep water projects impact on local communities – Report

The Royal Dutch Shell’s deep water projects have impacted positively on local communities in Nigeria and other parts of the world. The company disclosed in its latest report that oil and gas production in deep water can boost economic growth and benefit communities on shore, for example through jobs and contracting opportunities, adding that communities can often have concerns about …

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Shell records two new oil spill incidents

Shell Petroleum Development Company recorded two oil spill incidents which accounted for 48 barrels per day in August, this year. The Daily, www.thedaily-ng.com gathered that the first occurred at Imo River on September 1, 2017 while the second took place on September 8 at Escravos in Delta state. Consequently, Shell documented in its report that: ‘’the first incident occurred at Imo River …

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Shoreline, Shell sign agreement to enhance gas distribution in Lagos

Shoreline Energy Limited (parent company of Gasland Company Ltd.) and The Shell Petroleum Development Company of Nigeria Limited (SPDC) have signed an agreement to explore opportunities to buy, market, distribute and sell natural gas to consumers and companies in the Victoria Island, Ikoyi, Lekki, and Epe areas of Lagos. “The partnership is a significant boost to the gas supply efforts …

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Amnesty International accuses Shell of withholding documents on Ogoni Nine

Amnesty International has accused oil giant, Shell, of refusing to hand over 100,000 documents on the arrest, detention, and execution of nine Ogoni men by the military regime of late General Sani Abacha.   Outspoken author and playwright, Ken Saro-Wiwa, Barinem Kiobel, John Kpuine and six others were hanged in 1995 by the Abacha regime. They are collectively known as …

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Total divests its remaining 15% interest in Gina Krog field in Norway to KUFPEC

Total has signed an agreement to divest its remaining 15 per cent interest in the Gina Krog field in Norway to Kuwait Foreign Petroleum Exploration Company (KUFPEC). This agreement builds on the 2016 transaction between Total and KUFPEC concerning Norwegian North Sea assets, which included a 15per cent interest in Gina Krog. The overall consideration for both deals will total …

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