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Chief Timipre Sylva, Minister of State for Petroleum Resources says the Petroleum Industry Bill (PIB), presently before the National Assembly, will unlock several midstream gas opportunities when passed into law. Sylva spoke on Tuesday at the virtual 2020 Businessday Energy Series – Fuel of the Future (Gas) Summit – with the theme: “Nigeria at 60:…
September 29, 2020
Sterling Bank Plc. has obtained Central Bank of Nigeria’s approval in principle to restructure as a holding company. The bank’s Chief Executive Officer, Mr Abubakar Suleiman, disclosed this in a statement posted on the Nigerian Stock Exchange's website. Suleiman said the bank’s desire to operate as a holding company was driven by its plan to…
September 29, 2020
By Ag Metal Miner We have written in previous posts about volatility this year in the logistics market adding to buyers’ delivery and import cost uncertainty. At other times, we have also written about the decoupling of U.S.-China trade or supply chains. Events in recent months, however, suggest the two combined are likely to continue…
September 29, 2020
By Irina Slav Just when they thought they had rebalanced the oil market, OPEC members were served an unpleasant surprise from exempted fellow Libya. The country’s warring factions reached a ceasefire, and some long-shuttered oil ports have been reopened, along with the fields that feed them. By the end of the month, the National Oil…
September 29, 2020
To Set Up NNPC Limited Proposes New Agencies for Upstream, Downstream Regulations Osinbajo Confident Of Speedy Passage Of Bill After Years Of Stalling President Muhammadu Buhari has proposed the scrapping of the Nigerian National Petroleum Corporation (NNPC) and the Petroleum Products Pricing Regulatory Agency (PPPRA) in the new Petroleum Industry Bill (PIB) 2020 on its…
September 28, 2020
Mr Bank-Anthony Okoroafor, former Chairman of Petroleum Technology Association of Nigeria (PETAN), has urged the Federal Government to sign the Petroleum Industry Bill (PIB) into law for the desired development in the oil and gas sector. Okoroafor told the News Agency of Nigeria (NAN) in Abuja that the Bill was all that was required to…
September 27, 2020
By Tsvetana Paraskova Oil and gas supermajor Shell is looking to slash as much as 40 percent of its upstream oil and gas operations as it is redesigning its business toward a greener portfolio, sources in Shell involved in the costs review told Reuters. As early as in June, which capped one of the…
September 22, 2020
...To Avert Industrial Action Says Restructuring Of Electricity Sector Crucial For Sustainability By Gbenga Abulude As Labour Union, Civil Society Organisations (CSOs) and the Federal Government continue to lock horns over a proposed industrial action due to the recent hike in fuel price and electricity tariff, an egghead in the nation's energy sector has observed…
September 18, 2020
As Global Climate Justice Coalition Releases Liability “Roadmap” Hundreds of civil society groups in Africa joined their counterparts across the globe, Tuesday to demand that their governments hold Big Polluters liable for the harms of their extractive activities on man and the environment. The 'Global Make Big Polluters Pay' campaign was first launched in September 2019…
September 15, 2020
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Chief Timipre Sylva, Minister of State for Petroleum Resources says the Petroleum Industry Bill (PIB), presently before the National Assembly, will unlock several midstream gas opportunities when passed into law. Sylva spoke on Tuesday at the virtual 2020 Businessday Energy Series – Fuel of the Future (Gas) Summit – with the theme: “Nigeria at 60:…
September 29, 2020
Sterling Bank Plc. has obtained Central Bank of Nigeria’s approval in principle to restructure as a holding company. The bank’s Chief Executive Officer, Mr Abubakar Suleiman, disclosed this in a statement posted on the Nigerian Stock Exchange's website. Suleiman said the bank’s desire to operate as a holding company was driven by its plan to…
September 29, 2020
By Ag Metal Miner We have written in previous posts about volatility this year in the logistics market adding to buyers’ delivery and import cost uncertainty. At other times, we have also written about the decoupling of U.S.-China trade or supply chains. Events in recent months, however, suggest the two combined are likely to continue…
September 29, 2020
By Irina Slav Just when they thought they had rebalanced the oil market, OPEC members were served an unpleasant surprise from exempted fellow Libya. The country’s warring factions reached a ceasefire, and some long-shuttered oil ports have been reopened, along with the fields that feed them. By the end of the month, the National Oil…
September 29, 2020
To Set Up NNPC Limited Proposes New Agencies for Upstream, Downstream Regulations Osinbajo Confident Of Speedy Passage Of Bill After Years Of Stalling President Muhammadu Buhari has proposed the scrapping of the Nigerian National Petroleum Corporation (NNPC) and the Petroleum Products Pricing Regulatory Agency (PPPRA) in the new Petroleum Industry Bill (PIB) 2020 on its…
September 28, 2020
Mr Bank-Anthony Okoroafor, former Chairman of Petroleum Technology Association of Nigeria (PETAN), has urged the Federal Government to sign the Petroleum Industry Bill (PIB) into law for the desired development in the oil and gas sector. Okoroafor told the News Agency of Nigeria (NAN) in Abuja that the Bill was all that was required to…
September 27, 2020
By Tsvetana Paraskova Oil and gas supermajor Shell is looking to slash as much as 40 percent of its upstream oil and gas operations as it is redesigning its business toward a greener portfolio, sources in Shell involved in the costs review told Reuters. As early as in June, which capped one of the…
September 22, 2020
...To Avert Industrial Action Says Restructuring Of Electricity Sector Crucial For Sustainability By Gbenga Abulude As Labour Union, Civil Society Organisations (CSOs) and the Federal Government continue to lock horns over a proposed industrial action due to the recent hike in fuel price and electricity tariff, an egghead in the nation's energy sector has observed…
September 18, 2020
As Global Climate Justice Coalition Releases Liability “Roadmap” Hundreds of civil society groups in Africa joined their counterparts across the globe, Tuesday to demand that their governments hold Big Polluters liable for the harms of their extractive activities on man and the environment. The 'Global Make Big Polluters Pay' campaign was first launched in September 2019…
September 15, 2020
