Category: Oil & Gas

Why We Rejected Nigerian Widows’ Suit Against Shell – Dutch Court

Efe Wellington

Complainants are the widows of activists who were executed by the Nigerian government alongside Ken Saro-wiwa in 1995 after they protested against the oil’s company’s exploitation of the Niger Delta   A Dutch Court on Wednesday rejected a suit against Shell brought by four widows of activists who were executed by the Nigerian government in 1995 after they protested against the oil’s company’s exploitation of the Niger Delta. The court said there was not enough evidence to support the widows’ claim that Shell had been involved in bribing witnesses related to the case. In 2019, the court had…

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Russia Shuts 1.4m bpd Exports Pipeline, Worsens Oil Prices Surge

ADESUPO OSOSANYA

Oil exports from a crucial pipeline on Russia’s Black Sea coast were fully halted on Wednesday, pushing crude prices higher amid fears that Moscow would interrupt energy supplies just as US president Joe Biden arrives in Europe to discuss the war in Ukraine. The Caspian Pipeline Consortium, the Moscow-headquartered group running a pipeline linking Kazakh oilfields with Russia’s Novorossiysk port, said on Wednesday that it was shutting down all three units used to load oil from the more-than-1,500km artery on to tankers, blaming storm damage. “The loading is fully stopped…

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TotalEnergies Joins Rivals Shell, BP To Quit Russian Oil Supply Deals

Efe Wellington

  BP is facing write-downs of $25 billion for its Russian exit and Shell of over $3 billion.   French oil major TotalEnergies (TTEF.PA) said on Tuesday it would not renew its Russian gasoil and crude oil supply contracts for its German refinery, but would source gasoil from Saudi Arabia and crude via Poland instead. The firm, with stakes in several Russian projects, has come under criticism after it stopped short of joining rivals Shell and BP (BP.L) in planning to divest oil and gas assets in Russia. European sanctions…

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BREAKING: ENI Lifts Force Majeure On Brass Terminal, Bonny NLNG

ADEOLA YUSUF

Ital8an oil supermajor, Eni, has lifted the force majeure it declared on Brass terminal, Bonny NLNG and Okpai Power Plant. The company announced this in a statement sent to Platforms Africa on Friday night,maintaining thay its decion was a result of the restoration of the Ogoda/Brass 24″ oil pipeline at Okparatubo, Nembe Local Government Area, Bayelsa State. Here is the statement. “Following the restoration of the Ogoda/Brass 24″ oil pipeline at Okparatubo (Nembe Local Government Area, Bayelsa State), which was hit by blast on March 5 caused by a third-party…

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Stakeholders Forge Alliance With Nigeria on Net zero Emission Target

Tade Salako

Stakeholders in the oil and gas industry are striving to forge alliance with the Nigerian government after it sets in motion policy direction to become the first major developing country to commit annual carbon budgets to plot its path towards cutting emissions to net zero. The managing director of Carbon Limits, James Ogunleye, said the firm is playing a strategic role in Nigeria’s long walk to energy transition. In a conversation in Lagos, Ogunleye said the company has dedicated efforts to support ongoing initiatives of government was bolstered by already…

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Sahara Group Urges Investments in Africa to Achieve Low Carbon World

Precious Ibekwe

Sahara Group has urged developed countries to embark on intentional technological investment in sustainable projects in Africa and other developing economies to enhance global efforts towards achieving a low carbon world. A statement sent to Platforms Africa quoted the Director, Governance and Sustainability, Sahara Group, Ejiro Gray, to have said this, adding that the energy access must be a critical part of the ongoing energy transition conversation, especially in developing economies. Gray emphasised the need for developed economies to take greater responsibility for moving the world closer to low carbon…

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Airlines in Nigeria To Shut Down Thursday As Aviation Fuel Scarcity Worsens

Ayobami Adedinni

Chairman Airpeace, Allen Onyema, demands Jet A1 Import License, says all airlines to run out of fuel in three days   Allen Onyema, Airpeace Chairman, has warned that Airlines in the country would shut down operations over the non-availability of Aviation fuel to run their operations. ‘We have only three more days, all airlines in Nigeria will shut down. We are not threatening this country, it is a fact”, Onyema said. READ ALSO: Nigerian Varsities Remain Shut Till May As ASUU Extends Strike For 8 Weeks BREAKING: National Grid Collapses,…

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Diesel Price Hits N720 Per Litre, Nigerian Manufacturers Groan

Tade Salako

The Manufacturers Association of Nigeria (MAN), is seeking urgent intervention from the government to support the production of goods, as the price of aitomative gas oil (AGO) also known as diesel hits N720 per litre. The Oyo, Osun, Ekiti and Ondo branches of the Chairman, MAN, Lanre Popoola stated this in Ibadan on Sunday, while speaking on the increase of prices of petroleum products and lack of power supply. “It is a difficult thing ensuring production at this time, as diesel has gone up to N720 and N730 per litre.…

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NCDMB, AFREXIM, APPO Mull New Funding Models For African Oil Industry

ADEOLA YUSUF

The Nigerian Content Development and Monitoring Board (NCDMB), African Petroleum Producers’ Organization (APPO), and Africa Export-Import Bank (AFREXIMBank) have outlined new and sustainable models of funding oil and gas investments in Africa, using resources drawn from the continent and de-emphasizing international financiers. The new pathways were some of the key outcomes of the African Local Content Investment Forum (ALIF) hosted by the NCDMB in Lagos on Monday and form part of the concerted efforts to overcome the decision of western nations and their financial institutions, and international operating oil companies…

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Stakeholders Laud NCDMB’s Investment in Base Oil Plant

Precious Ibekwe

Key stakeholders of the oil and gas industry have commended the Nigerian Content Development and Monitoring Board (NCDMB) for catalyzing the development of critical oil and gas facilities, including Bunorr Integrated Energy Limited which would produce lube oil and other lubricants in-country. The stakeholders gave their commendations when they toured the base oil manufacturing plant located near Omagwa, Rivers State. The project is one of the Board’s flagship projects and is expected to be commissioned later in the year and the visit was in continuation of stakeholders’ tour of the…

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