Senate passes Petroleum Industry Bill, approves 3% for host communities

The Senate on Thursday passed the Petroleum Industry Bill and approved 3 per cent for the host communities The upper chamber passed the PIB, 2021 after the clause by clause consideration of the report of its joint committee on Petroleum (Upstream, Downstream and Gas) on PIB. Although the Senate approved three per cent for the host communities

Zoom to acquire German startup to bring real-time translation to meetings

As companies expand worldwide and meet online in tools like Zoom, the language barrier can be a real impediment to getting work done. Zoom announced that it intends to acquire German startup Karlsruhe Information Technology Solutions or Kites for short, to bring real-time machine-learning-based translation to the platform. The companies did not share the terms of the deal, but

LPG: Banner Energy Begins Autogas Conversion in Abuja

The Managing Director of Banner Energy Limited, Mr. Nuhu Yakubu, has said his company has started converting petrol and diesel-powered vehicles to Autogas in Abuja. Yakubu disclosed this in a chat with THISDAY, explaining that the project was essentially aimed at converting vehicles nominated solely by the Nigerian National Petroleum Corporation He listed the benefiting

Ghana set for LNG imports to support Nigerian gas supply

Ghana is preparing to become first Liquefied Natural Gas importer in sub-Saharan Africa, with the terminal at the port of Tema set to receive its maiden cargo in the coming weeks. LNG will add to Ghana’s own gas production and imports from Nigeria via the West African Gas Pipeline, though these have been subject to

DPR approves intrusion detection pipeline technology for oil sector

The Department of Petroleum Resources has approved the use of intrusion detection pipeline technology in the domestic oil and gas sector. The new technology, our correspondent gathered, would help identify and manage external corrosion, leaks and other interferences, following its technical evaluation and fitness checking by approval officers. It was further gathered that the approval

FG Targets 35,000 Jobs As NCDMB, NNPC Stake US$670m In Brass Methanol Plant

The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC) and DSV Engineering on Friday signed the Final Investment Decision (FID) for the construction of 10,000 tonnes/day methanol production plant by the Brass Fertiliser and Petrochemical Company Ltd (BFPCL), committing equity investment of US$670m. The facility would be the largest methanol

WhatsApp Struggling To Stop Subscribers Fleeing To Telegram, Signal

The Facebook owned messaging application, WhatsApp, has responded to the sudden competitive threats facing it due to the controversial update of its policy that has sparked privacy concerns. There have been several outcries and backlashes from users of the application concerning the new privacy policy going into effect on Feb. 8 that will mandate sharing

Oil Market Are Finally Ready To Recover

The oil market have staged a dramatic rally since early November, with WTI breaking out of a range between the high $30’s and low $40’s for the first time since early this year. In this article, we will take a look at a couple of key drivers for this breakout, and see if it will

federal government to convert one million vehicles to run on autogas by 2021

The Federal Government, Sunday, said at least one million vehicles across the country, would be converted to run on autogas by the end of 2021. In a statement in Abuja, Group General Manager/Special Assistant on Media to the Minister of State for Petroleum Resources, Garba Deen Muhammad, said the conversion would be expedited with the

Best Businesses You Can Start With No Money

It doesn’t seem like that long ago when The Lean Startup  by Eric Ries took the world by storm. The book gave average people like me hope.  It showed me and people across the world that is was possible to start a business, regardless of circumstance.  It’s been almost a decade since The Lean Startup was released, but the hope it instilled and the lessons