NLNG to Pay $ 1bn as Company Tax in 2014 18 November 2013 • Okonjo-Iweala says its performance impressive The Nigeria Liquefied Natural Gas Limited (NLNG) is to pay over $ 1 billion as Company Income Tax (CIT) to the federal government in 2014, even as it moves to take delivery of six more […]
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You don’t have to operate a water jet lance for any time before realizing that the rebounding water, and the debris from the operation can’t be ignored. On the other hand, after they fall to the floor they rapidly lose their energy and without some additional input will lie in the most inconvenient places until […]
Maputo — The Mozambican government on Tuesday approved its Natural Gas Master Plan, which aims at maximizing the benefits that the country can gain from this natural resource. After the document had been approved at the weekly meeting of the Council of Ministers (Cabinet), the Minister of Mineral Resources, Esperanca Bias, told reporters “this is […]
June 24, 2014 Source: U.S. Energy Information Administration, based on the for electricity prices Curtailments of wind generation on the Texas electric grid have steadily dropped since 2011 as more than 3,500 miles of transmission lines have been built, largely as a result of the state’s (CREZ) program. Occurrences of wind-related negative real-time electricity prices […]
BY OKEY NDIRIBE ABUJA—As Nigerians continue to shower encomiums on the Independent National Electoral Commission, INEC, for conducting a hitch-free governorship election last Saturday in Ekiti State, the electoral body has reassured Nigerians that next August’s gubernatorial polls in Osun State would be better. This assurance was given yesterday by INEC Chairman, Professor Attahiru Jega, […]
Nairobi — Africa Oil, Tullow Oil’s exploration partner in Northern Kenya has announced new gas and more oil deposits at Ngamia-2 well. In a statement on Tuesday, Africa Oil said the well had encountered up to 39 metres of net oil pay and 11 metres of net gas pay. The well was drilled to a […]
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Lowering the pressure in a hose connected to a cutting head, by connecting it to a vacuum pump, will pull a certain amount of the water and debris released from a cutting/cleaning event into that hose. However to ensure that all of this material is captured, rather than just a fraction, requires a little more […]
Oil market slides on fading Iraq supply fears LONDON – World oil prices fell on Monday, reversing earlier gains as supply fears faded over the fast-moving crisis in key crude producer Iraq, analysts said. Brent crude for delivery in August slid 80 cents to $ 114.01 per barrel in London late … Read more on […]
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A single picture is sufficient to tell the story of the fate of the Baiji Refinery in Iraq. Recently reached by the ISIS forces, it has been the largest refinery in Iraq, with a capacity of 310 kbd, and has been used to provide products for domestic use. Since it would provide fuel for both […]
Dar es Salaam — Tanzania locals have been asked to partner with foreign companies to build competitiveness and ensure that they participate effectively in the country’s gas sector. Speaking in Dar es Salaam last week the BOT Governor Prof Benno Ndulu said vehicle to job creation and economic growth of the country in the gas […]
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Korea Gas scheduled to get Nigeria LNG spot cargo at Pyeongtaek 26 November 2013 Korea Gas Corp., the world’s largest commercial buyer of liquefied natural gas, is set to receive a spot cargo from Nigeria, ship-tracking data show. The Seri Begawan, with about 150,000 cubic meters of capacity, is en route to the Pyeongtaek […]
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Back some forty years odd years ago when Edward Heath was Prime Minister of the United Kingdom, and the coal industry was still nationalized, the miner’s union went on strike, just after the Christmas Season. This followed an overtime ban that had started the previous November. The strike began on January 9, 1972 and lasted […]
By Abiodun Alade President Goodluck Jonathan has reiterated his administration determination to use all available options in handling the threat of terrorism in the country, including dialogue, de-radicalization, rehabilitation and reintegration of members of the dread boko haram that renounce terrorism and embrace peace. This was made known by the president during his Democracy Day […]
Oil Futures Diverge as Iraq Remains in Focus NEW YORK–The gap between the benchmark oil contracts diverged to its widest in nearly a month Tuesday as Brent prices continued to rise on uncertainty about Iraqi supply while U.S. prices retreated for a second straight session. Light, sweet crude for … Read more on Wall Street […]
Currently thought of as the petroleum sector’s latest ‘frontier region’, Somalia constitutes not only one of the most promising, but also most the most challenging of potential oil exporting countries. Whereas international enterprises face risks with regards to political fragility, legal ambiguity, and physical insecurity, Somalia looks down the barrel of the negative political, economic, […]
