Forgiveness is not possible without sovereignty
Forgiveness and its variants like pardon, amnesty etc are employed in the religious and political arena. They often signify a willingness to forget and never recall a wrong. In religious circles, this attribute is divine in its absolute sense since its stems from a supernatural being to lesser beings or humans.
Banks tackle inadequate funding in maritime sector
A number of banks have risen to tackle the problem of inadequate funding in the local maritime sector.
Maritime sector operators have always identified inadequate funding as one of the barriers to the development of the sector.
The other factor is the dominance of foreign shipping lines in Nigeria related international maritime businesses.
Acergy aces subsea gig for Chevron off Nigeria
Acergy was awarded a contract valued at approximately $500 million from Chevron Nigeria Ltd for their gas development program in Escravos, offshore Nigeria, in water depths of up to 40 meters.
Labour accuses oil firm of unfair practices
ORGANISED labour in the nation’s Petroleum industry, has accused the management of ConocoPhilips Nigeria Limited of deliberating breaching the Collective Bargaining Agreement (CBA) with the union in order to shortchang members in the company’s planned retrenchment exercise.
Farmer seeks government’s support for palm oil plantation farming
Chief Paul Okpor, a major palm oil plantation farmer in Delta, has called on governments at all levels to support palm oil plantation farming to stimulate agricultural production in the country. Okpor made the appeal in an interview with newsmen in Asaba.
Due process jettisoned in Saipem’s Bonga subsea award
There are indications that due process may have been jettisoned in the award of a contract worth $200 million from Shell for the subsea development of the Bonga North-West field offshore Nigeria
Dana intends to acquire major interest offshore Guinea
Dana Petroleum has signed an exclusive letter of intent (“LOI”) with the Texas-based company Hyperdynamics Corporation .
Delta violence crimps Shell output
Shell’s output from Nigeria’s on-shore play has been heavily curtailed by violence, the Anglo-Dutch super-major Shell’s chief executive Peter Voser said today.
Sky Petroleum snaps up 2 Suntera blocks onshore Nigeria
Sky Petroleum has entered into a non-binding letter of intent to invest in and acquire Suntera’s interests in two onshore oil & gas blocks in Nigeria. Suntera is expected to become a key shareholder in Sky Petroleum.
OPEC pledges to partner Nigeria on deregulation
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr.Abdallah El_Badri has described the deregulation policy of the Federal Government as a welcome development assuring that the Organisation will support the Government for it to succeed.
Plan for deregulation falters yet again
FEDERAL Government’s plan for deregulation of the downstream petroleum sub-sector in Nigeria has faltered yet again with indications that payment of subsidy to petroleum import marketers may remain the order of the day for some time.
