OpeOluwani Akintayo 29 January 2018, Sweetcrude, Lagos — The Federal Government has said it hopes to earn the sum of N2 trillion from oil in 2018. According to a copy of the 2018 budget obtained by SweetcrudeReports, the government forecasted to earn a total of N2.44 trillion. The projection is a fraction of the total …
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*Government is approaching lawmakers to amend energy law *Nation looking to boost revenue to fund infrastructure 29 January 2018, London — Africa’s top oil producer plans to make gas flaring more costly for companies that have escaped the payment of billions of dollars despite being fined, Nigeria’s Finance Minister Kemi Adeosun said. In the “legal …
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OpeOluwani Akintayo with agency report 29 January 2018, Sweetcrude, Lagos — Analysts have said Shell is likely to report $16 billion of profit, while Exxon is forecast to report $15.7 billion in 2017. According to forecast data obtained from Bloomberg, Shell’s earnings were said to have been helped by the acquisition of BG Group Plc. …
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Vincent Toritseju 28 January 2018, Sweetcrude, Lagos — The Lagos State Government has increased its equity share in the Lekki deep seaport project from 18 to 20 twenty percent. The Director-General of the Infrastructure Concession Regulatory Commission, ICRC, Chidi Izuwah made the disclosure at the weekend adding that that the state has also paid up …
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28 January 2018, News Wires – Brazilian state-controlled oil company Petroleo Brasileiro SA will join the Oil and Gas Climate Initiative (OGCI), becoming the 10th member of the group which aims to lead the industry’s response to climate change Petrobras’ entry is subject to the approval of the OGCI and Petrobras’ board, the OGCI said in …
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28 January 2018, News Wires – Saudi energy minister, Khalid al Falih said he had met with Iraqi Prime Minister Hadi alAbadi and discussed Iraq’s role in the global oil supply cut agreement and stabilizing the oil market. Falih said on his Twitter account that he and Abadi also discussed the importance of continued coordination …
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28 January 2018, News Wires – Engie has closed a deal to acquire Brazilian energy efficiency company ACS, the French energy group told Reuters without specifying the value. ACS offers services like remote monitoring of energy consumption, as well as water, temperature and gas monitoring. Engie aims to reach 1 billion reais ($317.82 million) in revenue …
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