Oil prices near $44 as investors weigh Nigerian output caps
Oil traded near $44 a barrel as investors weighed the likelihood and potential effectiveness of Libya and Nigeria capping production.
Pan Ocean’s 160,000bpd export pipeline ready in 2017
The Amukpe Escravos Pipeline Project (AEPP) belonging to Pan Ocean Oil Corporation, an indigenous exploration and production company in Nigeria’s upstream oil sector, is expected to come on stream before the end of 2017.
Eni commit to access to energy, gas flaring reduction in Africa
A delegation from Italian global energy provider, Eni, headed by Chief Financial Officer, Massimo Mondazzi, has given a presentation to the World Bank that reinforced the group’s continued commitment to sustainable growth.
‘NLNG amendment is double taxation for investors’
Making amendments to the Nigeria LNG Limited, NLNG Act would lead to double taxation since gas suppliers to NLNG already pay the Niger Delta Development Commission (NDDC) three per cent levy.
Nigeria extractive industry revenue disclosure hits $500bn
EITI, which made this known in its 2017 progress report released recently, said member countries have made contributions of over $2.3 trillion in revenue from the extractive sector to their various governments.
CSR-in-Action partners agencies to host SITEI 2017
The theme for SITEI 2017 is, Building Local for Global, and is focused on harnessing the estimated and promising potential inherent in the industries locally.
Group chides BEDC over alleged poor electricity supply in Delta community
Members of a socio-cultural and non-political organization based in Agbor, Ika South Local Government Area of Delta State ‘Otu Nmu Ebon’ have chided the Benin Electricity Distribution Company (BEDC) over its alleged poor electricity supply to residents in the area.
BEDC to publish power availability schedule
As part of the efforts to enhance energy efficiency of consumers under its watch, the Benin Electricity Distribution Plc (BEDC) is set to commence the publication of power availability schedule for customers in their franchise areas of Edo and Delta states.