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Nigeria still flares commercial gas, loses N128bn in five months

The Vice President, Professor Yemi Osinbajo (SAN), accompanied by Lagos State Governor, Mr Akinwunmi Ambode and the All Progressives Congress (APC) Governorship candidate in the State, Mr Babajide Sanwo-Olu on Monday launched the The Federal Government special enterprise and empowerment programme otherwise known as TraderMoni in three additional markets in Lagos.
Continue reading Nigeria still flares commercial gas, loses N128bn in five months at Vanguard News Nigeria. …

Inadequate power, inconsistent policies, bad roads affect oil, non-oil investment – Bakumor

Oil and non-oil waste constitute serious problems in petroleum bearing communities. In this interview with Udeme AKPAN, Mr. Yolo Bakumor, Managing Director, Bayelsa State-based De-Rabacon, the winner of the maiden Shell Outstanding Achievement Prize in the 2018 Shell LiveWIRE Top Ten Innovators Awards, comments on a wide range of issues, including the need for increased plastic recycling.
Continue reading Inadequate power, inconsistent policies, bad roads affect oil, non-oil investment – Bakumor at Vanguard News. …

TOTAL didn’t award FPSO contract to SHI-MCI, but SHIN — Samsung

Contrary to the Lagos Deep Offshore Logistics Base, LADOL, allegation that it jointly tendered with Samsung Heavy Industries, SHI, for Total’s $3.3 billion Floating Production Storage and Offloading (FPSO) contract, SHI, has disclosed that the contract was awarded to Samsung Heavy Industries Nigeria, SHIN.
Continue reading TOTAL didn’t award FPSO contract to SHI-MCI, but SHIN — Samsung at Vanguard News. …

Global oil industry gasps for $11trn investment

Putin tasks parliamentarians on constructive, balanced agenda in tackling global conflicts

INVESTORS need to invest $11 trillion in oil and gas between now and 2040 in order to meet rising demand in many nations.
In his keynote address at the just concluded meeting in Madrid, Spain, HE Mohammad Sanusi Barkindo, OPEC Secretary General, said, “To meet the expected global expansion will require huge investments.
Continue reading Global oil industry gasps for $11trn investment at Vanguard News. …

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