Total
Total targets more renewable electricity, LNG production by 2030
Total Companies in Nigeria has unveiled its corporate vision in line with the change of the Total Group to TotalEnergies. The organisation aims to produce more renewable electricity and Liquefied Natural Gas (LNG) by 2030. The oil major also outlined its broad energy lineup that includes oil, gas, electricity, hydrogen, biomass, wind and solar. TotalEnergies is committing $60 billion to investment in renewable energy in the next 10 years, with 10 per cent of that investment expected to come to Nigeria. Speaking at a virtual parley with journalists, the Executive General Manager, Total Country Services, Mrs. Bunmi Popoola-Mordi, highlighted steps that would help in adapting the new name, logo and visual identity of the company. THISDAY had reported that the shareholders of Total Group, had ...
Rapid spread of Delta variant throws England’s re-opening into doubt
British Prime Minister Boris Johnson’s hopes of ending England’s coronavirus lockdown on June 21 hung in the balance on Friday as data showed a further rise in cases of the rapidly spreading Delta variant. Johnson is due to announce on Monday whether the planned lifting of restrictions, which would see an end to limits on social contact, can go ahead on time. But the rapid spread of the Delta variant, officially a “variant of concern”, has thrown those plans into jeopardy, prompting speculation that the June 21 date will be pushed back, or that some restrictions will remain. “We have to be really careful. We had a very big opening on the 17th of May where people could meet friends indoors, in a restaurant, in a pub, and socialise indoors as well,” COVID-19 vaccines minister Nadhim Zahawi t...
NNPC renews OML 118 with Shell, Total, Exxon, Eni
The Nigerian National Petroleum Corp renewed Oil Mining Lease 118 with the local subsidiaries of Shell, Total, Exxon and Eni for another 20 years, the West African country’s state oil firm said in a statement on Tuesday. The deal signals the end of “long-standing disputes over the interpretation of the fiscal terms of the production-sharing contracts” between the investors in the field, the statement said. The Nigerian government will immediately recognise revenues of $780 million from the signing of the agreement, “while it would also free the parties from over $9 billion in contingent liabilities,” the statement said. The deal was signed between NNPC, Shell Nigeria Exploration and Production Company, Total Exploration and Production Nigeria Limited, Esso Exploration and Production Nigeri...
Hugo Broos takes over as Bafana Bafana manager
Pool Photo On Wednesday, the South African Football Association (SAFA) appointed Hugo Broos as the new Bafana Bafana coach. Broos, a Belgian football coach, had previously managed the Cameroonian senior men’s national football team and is expected in the Rainbow Nation next week. Upon his arrival, Broos is scheduled to meet all football stakeholders including members of the media and address the Press. In his initial remarks about his appointment, the 69-year-old Belgian said he was excited to take charge of one of the biggest teams in Africa: “South Africa has a rich football history and is among the powerhouse on the continent. The country has full of quality and I am coming to coach a truly football nation with massive potential.” One of the top objectives for the new manager would be t...
US Senators urge Joe Biden to impose more sanctions on Myanmar junta
A bipartisan group of U.S. senators on Tuesday urged the Biden administration to slap more sanctions on the military junta in Myanmar, including choking revenues to a state energy company, in response to its coup and violent crackdown on protesters. Senators Jeff Merkley, a Democrat, and Marco Rubio, a Republican, and four others urged Secretary of State Antony Blinken and Treasury Secretary Janet Yellen in a letter to “explore new avenues to support the people of Burma in their ongoing struggle for democracy in the face of escalating crimes against humanity.” They want the Biden administration to stop royalties flowing from businesses including U.S. energy major Chevron to Myanmar Oil and Gas Enterprise, or MOGE, an agency within the energy ministry, that provides financial support to mil...
Mozambique army claims militants killed in battle
Mozambique’s military said on Sunday a “significant” number of militants had been killed during a battle over a key northern town and gas hub captured by the Islamic State (ISIS) last month. Palma was seized by the jihadists during coordinated attacks on 24 March, in what was seen as the biggest escalation of the insurgency ravaging the north of the African nation since 2017. The true death toll is not yet known, but thousands were displaced from the town of some 75 000 and the French energy giant Total suspended operations at its multibillion-dollar plant. On Sunday, the army escorted officials and journalists through the ravaged town, claiming a “significant” number of militants had been killed, and that they had now secured the surrounding area. Commander Chongo Vidigal, leading the mil...
NNPC declares N13.43 billion trading surplus for November 2020
The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020. This is contained in the November 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru Obateru said the trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue in the period under review. The report indicated that in November, NNPC Group’s operating revenue as compared to October 2020, decreased slightly by 0.02 per cent or N0.09billion to stand at N423.08 billion. Similarly, expenditure for the month decreased by 1...
CBN: Naira to fall further in January
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021. The report, titled, ‘December 2020 Business Expectations Survey Report’ added that there might also be a steady rise in interest rate from December till the next six months. The naira witnessed a sharp fall in recent weeks, reaching its lowest on November 30, 2020, when it exchanged for N500/$1. Since then, the dollar has been hovering between N460 and N470. As of Friday, however, one dollar exchanged for 465 in the parallel market. Also, the Nigerian economy had on November 21 slid into its second recession in five years when the economy shrank again in the third quarter. Th...
Why we shutdown Total E&P gas plant – Rivers community
Obite indigenes in Ogba/Egbema/Ndoni Local Government Area of Rivers State have an advanced reason for shutting down a gas plant operated by Total Exploration and Producing Nigeria Limited in their domain citing alleged insensitivity of the oil multinational to their plight. The aggrieved natives, drawn from the five villages of Obite community also lamented the alleged refusal of the oil firm to honour a Supreme Court judgement that compensation is paid to the community for the land acquired in the area for its operations. Mr Daniel Clifford Uma, one of the natives, who spoke during the community protest march to the oil firm said, “What you are seeing here today is as a result of total negligence from Total E and P. This thing started 22 years ago. Some of the people that started this ma...
Senate threatens labour ministers over absence at hearing
The Senate Committee on Local Content has threatened to sanction the Ministers of Labour and Employment, Chris Ngige and Festus Keyamo, over their failure to appear at an investigative hearing on diving operations in the oil and gas industry. It also threatened to sanction the managing directors of international oil companies (IOCs) in Nigeria for the same reason. The IOCs MDs include ExxonMobil, Total and Chevron. The chairman of the committee, Teslim Folarin, said this at the hearing on Thursday after they all failed to show up for the event which was meant to review the challenges experienced by diving operators in the sector. The invitation followed a debate on a motion on the urgent need to ensure strict compliance with statutory regulations and provisions on Nigerian diving sector. P...
Lagos by-elections: Babatunde Gbadamosi, Alebiosu Adekoya win PDP tickets
Babatunde Gbadamosi emerged candidate of the People’s Democratic Party (PDP), Lagos State chapter, for the Lagos East senatoral district, on Saturday after defeating three other candidates. In the result announced by a representative of the Independent National Electoral Commission (INEC), Tunde Oyebade, around 7:00 pm, Gbadamosi won a landslide victory with 529 votes to defeat Princess Saidat Odofin Fafowora 59 votes, Olanrewaju Moshood Babatunde scored 21 votes, and Princess Abiodun Oyefusi took the rear with seven votes. 14 votes were voided. Before voting began, the delegates were told not to write only Babatunde or Princess on their ballot paper as both male aspirants have Babatunde as their first name and the two femal candidates also go by the name Princess. Voting started around 12...
NSE: Trading sustains positive trend, up by 0.31 per cent
Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent. The post NSE: Trading sustains positive trend, up by 0.31 per cent appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
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