The Nigerian Liquefied Natural Gas Company on Wednesday announced the SCD Group as preferred bidder for the $10bn NLNG Train 7 project. SCD Group, is a joint venture consortium comprising Saipem, Chiyoda and Daewoo. The SCD JV consortium would be undertaking the Engineering, Procurement and
BUSINESS
Almost all flights by British Airways, totaling hundreds of departure, were cancelled on Monday, September 9, 2019, as pilots embarked on a 48-hour strike over non-payment of pay. The airline estimated that the two-day strike will affect 195,000 customers. Most of British Airway’s 850 scheduled flights per day would be cancelled, with passengers being offered […]
Shell Petroleum Development Company of Nigeria (SPDC) Joint Venture says it loses about N202 million daily in revenue to activities of criminals in the Niger Delta. The company attributed the loss to daily attacks on its pipelines by suspected crude oil thieves and vandals. SPDC’s General Manager, External Relations, Igo Weli, disclosed this at a […]
Saudi Arabia’s King Salman named his son as energy minister after veteran official Khalid al-Falih was sacked, state media said Sunday, in a major shakeup as the OPEC kingpin reels from low oil prices. The appointment of Prince Abdulaziz bin Salman, half brother to de facto ruler Crown Prince Mohammed bin Salman, comes as Saudi […]
The Bureau of Public Procurement (BPP) says it saved more than N26.86 billion for the Federal Government in 2018 alone, by revising down inflated contract sums by government contractors. BPP revealed this in its 2018 annual report obtained from the bureau by News Agency of Nigeria (NAN) in Abuja. According to the report, the savings […]
A U.S. judge on Wednesday rejected Exxon Mobil Corp’s (XOM.N) and Royal Dutch Shell Plc’s (RDSa.L) effort to revive a $1.8 billion arbitration award against Nigeria’s state-run oil company, which stemmed from a dispute over a 1993 contract to extract oil near the African country’s coastline. Reuters reported U.S. District Judge William Pauley in Manhattan […]
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