News

Shell Nigeria Exploration and Production Company (SNEPCo) has announced Invitation to Tender (ITT) to contractors for the development of the Bonga South West Aparo (BSWA) oil field. SNEPCo Managing Director, Bayo Ojulari Bamidele Odugbesan, Shell Spokesman, said in a statement on Thursday, February 14, 2019 in Lagos that the project’s initial phase includes a new Floating, Production, Storage and Offloading ...

The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners signed a Final Investment Decision (FID) agreement for a 300 million cubic feet of gas on Wednesday, February 13, 2019 in Abuja at a ceremony witnessed by the Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicholas Terraz, and the Managing Director of Nigeria ...

According to the African Energy Chamber, 2019 will be key for the advancement of new exploration and production development projects from West to East Africa Oil installation After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and gas frontier in 2019. However, ...

A recent report of the Nigeria Extractive Industries Transparency Initiative (NEITI) reveals that the total financial flows from Nigeria’s oil and gas sector slumped to $17.05 billion in 2016, a 31% decline on the $24.79 billion generated in 2015, and a 75% on the sector’s peak earnings of $68.44 billion generated in 2011. In addition, the 2016 figure is the ...

In 13 years of deep-water exploration, the Bonga vessel of the Shell Nigeria Exploration and Production Company (SNEPCo) has produced over800 million barrels of crude oil, confirming the company as a pacesetter in offshore oil and gas production in the Gulf of Guinea. SNEPCo Managing Director, Bayo Ojulari In its review of the performance of the Bonga Floating Production, Storage, ...

Earlier this year, the African Union during its 30th Assembly of Heads of State and Government held in Addis Ababa, Ethiopia, declared 2018 as the African Anti-Corruption Year. This recognised the need to stifle corruption in its forms of manifestation if the continent must move forward in economic fronts, social development and deliver shared prosperity. To achieve this, African Union ...

Chairman of the Independent National Electoral Commission (INEC) in Nigeria, Prof Mahmood Yakubu, has reaffirmed the Commission’s commitment and determination to deliver credible elections in Nigeria in 2019, which will embody the concepts of inclusiveness, transparency and accountability, by also ensuring that established rules are fully, fairly and impartially enforced. “At the risk of stating the obvious, let me say ...

The Minister of State, Mines and Steel Development (MMSD), Alhaji Abubakar Bwari, has inaugurated a 13-man committee to develop a robust road map of the Nigeria’s coal assets. Bwari inaugurated the committee on Project Delivery Team for the Reinvigoration of the Coal Sector and Concession of the Nigerian Coal Corporation (NCC) coal blocks on Thursday, November 15, 2018 in Abuja. ...

Prof. Chidi Odinkalu, former Chairman of the National Human Rights Commission, has identified electoral violence, hate speech and political innumeracy as some of the major threats capable of undermining the 2019 general elections. Odinkalu, a Senior Manager, Africa Programme, Open Society Justice Initiative as well as Chair, Advisory Board, Global Rights, said this as Guest Speaker at the Second Annual ...

Nigeria’s belief in multilateralism and readiness to serve as exemplified by its many international commitments makes its bid for re-election into the International Telecommunications Union (ITU) worthy of support from countries within Africa and the globe, the Ambassador/Permanent Representative of the Nigerian Permanent Mission in Switzerland, Ambassador Audu Kadiri, has said. Ambassador Kadiri, while hosting heads of permanent missions and international agencies ...