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Nigerian Content Development & Monitoring Board sign MOU with CWC Group on PNC Forum

Nigerian Content Development & Monitoring Board sign MOU with CWC Group on PNC Forum

NCDMB reinforces its commitment to the Practical Nigerian Content (PNC) (www.CWCPNC.com) Forum held annually with the signing of a MoU with the CWC Group. Under the terms of the MoU, the NCDMB & CWC alongside Nigerian partner, Levmora Services will collaborate to deliver greater value through PNC. This will be achieved by further engaging with […]

How Uganda Oil Firms Plan to Raise Shs12 Trillion for Pipeline

How Uganda Oil Firms Plan to Raise Shs12 Trillion for Pipeline

Just days after signing with the Tanzanian government a landmark agreement for construction of the Hoima-to-Tanga oil pipeline, Ugandan officials are scratching their heads on how to raise the country’s chunk to the $3.5b (approx.Shs12trillion) kitty required for the capital development. Industry sources say that with no special allocation in the 2017/18 budget, Kampala has […]

Uganda, Tanzania Ink U.S.$3.6 Billion Oil Pipeline Agreement

Uganda, Tanzania Ink U.S.$3.6 Billion Oil Pipeline Agreement

Uganda and Tanzania have signed a framework agreement on their proposed $3.55 billion crude export pipeline, a key milestone for the project. Tanzania’s Minister for Constitution and Legal Affairs, Prof Palamagamba Kabudi and Uganda’s Energy minister Irene Muloni signed the intergovernmental agreement in Dar es Salaam Friday. Uganda is expected to start pumping its oil […]

Why Museveni Chose Tanzania Over Kenya for Oil Pipeline

Why Museveni Chose Tanzania Over Kenya for Oil Pipeline

President Museveni and his Tanzanian counterpart John Pombe Magufuli have signed the East African Crude Oil Pipeline Agreement (EACOP), which now paves way for construction of the proposed crude oil export pipeline from Hoima, in mid western Uganda to Tanzania’s Indian Ocean port of Tanga. The agreement, signed on Sunday almost a year after Uganda […]

Minister Vows to Resign by 2019 if Nigeria Still Imports Oil

Minister Vows to Resign by 2019 if Nigeria Still Imports Oil

Nigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu, on Monday vowed to resign if Nigeria continues to import fuel by 2019. Mr. Kachikwu stated this during an interview on BBC World Service programme, HardTalk, anchored by Stephen Sackur. In the interview, which lasted 23 minutes, Mr. Kachikwu promised to deliver on the completion of […]

NGO Blames Water Pollution in South Sudan On Oil Company

NGO Blames Water Pollution in South Sudan On Oil Company

Drinking water around an oil-producing area in South Sudan is heavily polluted. A German NGO puts the blame on Malaysian oil company Petronas. It has also become a subject of embarrassment for carmaker Daimler. Klaus Stieglitz came across the problem of drinking water by chance. “In 2007, one of our project partners informed us that […]

Tanker Laden With 33,000 Litres Diesel Fuel Explodes in Lagos

Tanker Laden With 33,000 Litres Diesel Fuel Explodes in Lagos

A 33,000 litres tanker fully laden with diesel has crashed on a car in Lagos, leading to a fire outbreak. Sources said the tanker crashed on the BMW Car with registration number (LSD 462 CZ) while driving inward Ladipo area, Oshodi-Apapa expressway, Lagos. PREMIUM TIMES gathered that the tanker, with registration number TUT 258 XA, […]

African leaders must address problems hindering development of Africa’s natural resources

African leaders must address problems hindering development of Africa’s natural resources

This year’s Tana High-Level Forum on Security in Africa, which will take place on April 22 and 23, will focus on natural resources governance in Africa. Africa’s rich natural resource endowment has long been at the heart of both the continent’s many violent conflicts and its hopes for prosperity, so the stakes are high. The resources […]

Two Oil Giants Could Face Trial in Italy Over Nigerian Deal

Two Oil Giants Could Face Trial in Italy Over Nigerian Deal

This Thursday a Milan court is to decide whether to go ahead with criminal proceedings against the oil giant Shell and its Italian partner ENI in connection with the purchase of the rights to a Nigerian oil field. “Etete can smell the money. If, at 70 years old, he does turn his nose up at […]

Oil Production to Increase Despite Multilateral Production Cuts–IEA

THE International Energy Agency, IEA said that higher oil prices mean more production from the United States, leaving the global market with more oil than last year. “Even after taking into account production cut pledges from the eleven countries that are not members of the Organisation of Petroleum Exporting Countries, OPEC, unplanned outages in Canada […]

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