FG appeals verdict on Korean oil blocs
The Federal Government has rejected the August 10, 2009 verdict handed down by the immediate past Chief Judge of the Federal High Court, Justice Abdullahi Mustapha, which annulled the revocation by the government of two oil prospecting licences granted to a South Korean consortium in respect of oil blocs 321 and 323, four years ago.
Zenith Bank to raise N300bn fresh capital
Zenith Bank Plc is proposing to raise N300 billion fresh capital from the capital market to consolidate and reposition itself following the ongoing reforms in the banking industry.
Actis invests $750m in emerging markets
Actis, a private equity investor in emerging markets has announced the investment of about US$750m in it’s infrastructure 2nd fund.
A report said that this pan-emerging markets fund will focus principally on opportunities in power generation and transport.
Oil industry poised to reduce gas emissions – Barkindo
ABUJA – The Group managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Sanusi Barkindo, has said the nation’s oil and gas industry will continue to implement strategies design to reduce emission of greenhouse gases in the country Barkindo made this known on Friday, during the First National Climate Change Roundtable, organized by the […]
NNPC, Pan Ocean Oil score first in green house gas reduction
ABUJA – NIGERIA ’S quest to ensure effective gas utilization received a major boost with the announcement that the gas utilization project at the Ovade_Ogharafe oil field in Delta state has been successfully registered under the United Nations Clean Development Mechanism (CDM) of the Kyoto Protocol.
OTL 2009: Navgas, NNPC, Oando moves to support conference
THE full weight of major operators in downstream petroleum has been thrown behind the OTL Africa Downstream Conference & Exhibition 2009.
