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
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
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
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
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
The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in the midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB). The News Agency of Nigeria (NAN) reports that the new PIB is currently before the National Assembly for consideration. NAN reports that the Petroleum
HONG KONG: After a career making shipping containers that transport freight around the world, Arthur Lee has stayed with them in retirement, using them to raise crops and fish. Operating on a rented 1,000-square-meter (quarter-acre) patch of wasteland in Hong Kong’s rural Yuen Long, Lee’s MoVertical Farm uses about 30 decommis- sioned containers, some decades
The CMA CGM JACQUES SAADE has joined CMA CGM Group’s fleet thus becoming the largest LNG-powered container ship in the world. A global leader in shipping and logistics, CMA CGM has made the symbolic choice of naming its new flagship after its founder, Jacques Saadé, a visionary and entrepreneur. A unique naming ceremony for a
Royal Dutch Shell (RDSB.L) is looking to cut up to 40% off its costs related to producing oil and gas as it focuses on the renewable energy and power markets. That’s according to a source who spoke exclusively to Reuters. The project is known internally as Project Reshape and is expected to be completed
LAGOS (Reuters) – Nigerian President Muhammadu Buhari has signed a long-awaited oil-reform bill and it will be formally presented in the Senate as early as next week, four sources familiar with the matter told Reuters. The legislation has been in the works for the past 20 years, and the main laws governing Nigeria’s oil
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