Three indigenous oil and gas exploration firms -- Optimum, Afren and Lekoil -- yesterday announced a significant oil find in Oil Prospecting Lease, OPL 310, offshore Nigeria. The latest find, which has great potential to yield commercial oil, was made at Ogo-1 well after drilling 10,402 feet. The discovery has the potential to significantly boost Nigeria's oil reserve which currently stands at 37 billion barrels. Afren Plc said it had drilled a well to a total measured depth of 10,518ft (10,402ft true vertical depth subsea), and had encountered a gross hydrocarbon section of 524ft, with 216ft of net stacked pay. The firm added that the well was initially targeted to yield 78 million barrels of oil equivalent but based on evidence to date, targeted resources were likely to be significantly in excess of previous estimates. The company said further evaluation using wireline log analysis was currently underway prior to extending the well to a total measured depth of 11,800ft (11,684ft true vertical depth subsea) to target further high potential zones. "The Ogo-1 discovery, testing a four-way dipclosed structure in the Turonian, Cenomanian and Albian sandstone reservoirs, confirms the extension of the same Cretaceous sandstones that have yielded other significant discoveries along the West African Transform Margin," the company said in a statement. It added that: "Following the completion of drilling operations at Ogo-1, the partners intend to drill a planned side-track, Ogo-1 ST, which will test a new play of stratigraphically trapped sediments that pinch-out onto the basement high targeting 124 mmboe of gross P50 prospective resources." The completion of exploration and eventual commercial production would be beneficial to not only the Federal Government but also other stakeholders, including Optimum, Afren and Lekoil that have different participating and economic interests in the oil block. Specifically, participating interest in the block is Optimum on 60 per cent, Afren on 22.86 per cent and Lekoil on 17.14 per cent. Economic interest is Optimum on 30 per cent, Afren on 40 per cent and Lekoil on 30 per cent. The Chief Executive of Afren Plc, Mr. Osman Shahenshah, said the discovery of oil in the Ogo-1 well opened up a new oil basin in an under-explored region and represented a possible extension of the West African Transform Margin. According to Shahenshah, based on evidence to date, targeted resources are likely to be significantly in excess of previous estimates, with some highpotential zones still to be drilled. He said: "We look forward to working with our partners to realise the full potential of Ogo and our additional prospects on the license. "The Ogo-1 exploration success follows a series of recent discoveries, Okoro Field Extension, Ebok North Fault Block and Okwok in Nigeria and Simrit-2 and Simrit-3 on the Ain Sifni Block in the Kurdistan region of Iraq." Nigeria has not made significant oil and gas reserves in recent times as a result of low investment which is said to be a direct function of outdated legislations in the industry. For instance, the Petroleum Industry Bill, PIB, targeted to make the industry more attractive to local and foreign investors, has been with the National Assembly in the last five years. Consequently, many investors have gone to invest in other countries that offer competitive legislations, incentives and policies. A top official of Stumberger confirmed at a recent industry conference in Lagos that many nations in the Gulf of Guinea, especially Angola, have attracted a lot of investments in the past few years. This, according to him, has culminated in the making of commercial oil and gas finds that are capable of boosting reserves and ranking of Angola as a major producer. The official tasked stakeholders, especially legislators, to make progress in order to complete work on the important bill targeted at restructuring the nation's oil and gas industry as well as attracting more investments to boost reserves as well as production capacity. However, a Lagosbased lawyer, Mr. Emeka Okwuosa, said the new PIB was a step in the right direction, a watershed reform that would change the landscape of the oil and gas industry in Nigeria. Okwuosa said the future was promising because the new PIB would be a good and excellent law, open up investment opportunities, unbundle the Nigerian National Petroleum Corporation, NNPC, for better performance and result, and create a transparent, accountable and corruptfree energy regime.
Views: 4013 celebritytalkonline
TV360 is Nigeria's first exclusive online television news channel based in Lagos. Our focus is news. There is no limit to the kind of news we cover. Our goal is to keep the people informed at all times so that they could use the information we disseminate to form important opinions,take important decisions and ultimately help to build a better and democratic society. We strongly uphold the long established journalistic principles of TRUTH, BALANCE and FAIRNESS in our reportage because we believe there is no one side to a story. You can follow all our stories and much more by logging onto www.tv360nigeria.com Please subscribe to our YouTube channel: https://www.youtube.com/user/TV360NIGERIA?sub_confirmation=1
Views: 82 TV360NIGERIA
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Views: 170 Channels Television
In a wide ranging interview with London South East, Canadian Overseas Petroleum Limited President and CEO Arthur Millholland told us of the plans being put in place for a drilling programme at OPL 226 in the Niger Delta. Arthur explained that much of the Autumn had been taken up with resolving issues with the Indian group Essar who hold 20% of the Nigerian licence. "We expect the Bond to be in place in the coming weeks. The term sheet was fully accepted by the Nigerian bank last week and the paperwork will take a few more weeks." said Arthur. "Last week our affiliate signed a letter of intent for a brand new drilling rig which is in an Asian shipyard" said Arthur. "Remember, a drilling rig is a vessel and every five years has to be recertified. Lease a new one and no recertification costs are incurred." Next steps are for a more binding letter of intent and then a contract which means we commit to take it to Africa. Finally, when we spoke about working capital, Arthur accepted that the 3 Million raised will not be sufficient to take the business to drilling and testing. "We are going to have to raise additional working capital. We have options open to us other than equity. It may not be equity and for now that's what I'm going to say." #COPL #OIL&GAS #CANADIAN OVERSEAS PETROLEUM LIMITED #ARTHUR MILLHOLLAND
Views: 794 London South East
We are a multi-platform broadcaster set to reach Africa's most important target demographic, the custodians of the present and the future. We are set to produce and broadcast over 1000 hours of non-stop, original programming with world-class production values. We are set to do this through a variety of engaging platforms that include TV, Mobile, Online, Apps and Live. We are positioned to be the home of the best of African content available. We are a subsidiary of Media and Entertainment City Africa (MEC Africa) located in the serene surroundings of Tinapa, Calabar, Cross River State, Nigeria.
Views: 159 EbonyLifeTV
Oct.29 -- Nigerian Minister of State for Petroleum Emmanuel Ibe Kachikwu discusses global oil market demand, Nigerian corruption, and the impact of shale oil on OPEC production. He speaks on "Bloomberg Surveillance."
Views: 317 Bloomberg Markets and Finance
This article and video explains using correlation and Elliott Wave Technical Analysis whether Oil is a buy / a sell at this current level. SUBSCRIBE : https://goo.gl/wyzXPw ___________________________________ To learn more about Elliott Wave, check out our Educational classes here http://bit.ly/1mW4wii and sign up for a Free 14 day Trial here http://bit.ly/1nOKJec At EWF, we cover 78 instruments in different asset classes from forex, commodities, indices, stocks, ETFs and crypto-currencies. We provide Elliottwave forecast in 4 different time frames, Live Trading Room, 24 hour chat room, live sessions, and much more. This channel is dedicated to Elliott Wave Analysis in different time frames. We will post videos about Forex pairs, Commodities and Indices. We have modified Elliott wave theory and added new rules to adjust it to the current times. We use a system of pivots and like forecasting and trading with the trend. Buying / Selling 3, 7 or 11 swings with the trend is our mantra. Thank you for visiting, hope you enjoy and learn from the videos. SUBSCRIBE : https://goo.gl/wyzXPw WEBSITE : https://elliottwave-forecast.com/ EDUCATION : http://education.elliottwave-forecast.com/services/ CLUB : https://club.elliottwave-forecast.com/ FOLLOW US : https://twitter.com/ElliottForecast LIKE US ON FACEBOOK : https://facebook.com/ElliottForecast/ FOLLOW US G+ : https://plus.google.com/u/0/+ElliottWaveForecasting STOCKTWITS : https://stocktwits.com/ElliottwaveForecast INSTAGRAM: https://www.instagram.com/elliottwaveforecast_official/
Views: 301 Elliott Wave Forecast
He doesn't have 1st Class yet he lied. Why will anyone tell lies on a church pulpit just to make your speech sweeter?
Views: 178 MusicParadise Sweet
The Senate on Thursday passed the Petroleum Industry Bill, PIB, almost 17 years after the process started. With the passage of the bill, which is tagged, Petroleum Industry Governance Bill, PIGB, a new regulatory agency, known as Nigeria Petroleum Regulatory Commission, NPRC, would take over the functions of Petroleum Inspectorate, PI, the Department of Petroleum Resources , DPR, and the Petroleum Products Pricing Regulatory Agency, PPPRA. The new commission, among other things, will also administer and enforce policies, laws and regulations relating to all aspects of petroleum operations which are assigned to it under the provisions of the Act. With the bill is signed into law, two new companies, Nigeria Petroleum Assets Management Company and National Petroleum Company, would be established with certain assets and liabilities of Nigerian National Petroleum Corporation, NNPC, while the National Petroleum Company, for instance, would operate as a full independent commercial entity. According to the Senate, the move is geared towards unbundling the NNPC and the petroleum industry. In the PIGB, the Ministry of Petroleum Resources would be renamed Ministry of Petroleum Incorporated. In the new bill, upon the recommendations of the new commission, Minister of Petroleum Resources can grant, amend, renew, extend or revoke any licence or lease required for petroleum or production, pursuant to the provisions of the Act or any other enactment. The bill also proposed that when the commission is created, it shall be vested with all assets, funds, resources and other movable and immovable property, which immediately before the commencement of operation of the new commission, were held by the PI, DPR and PPPRA. In the bill, more powers will be vested on the commission, as the President or the Minister of Petroleum Resources, who hitherto had such powers, would no longer have same. The bill has significantly reduced the powers of the President and the Minister of Petroleum Resources in exercising control over the oil and gas sector. The newly passed bill would help promote transparency and accountability in the administration of petroleum resources of Nigeria as well as foster a conducive business environment for petroleum industry operations. The Senate is expected to pass two more bills to further regulate the oil and gas sector. Already, the Host Communities’ Bill, which has passed first reading in the Senate, is expected to be passed into law before the end of 2017. Thereafter, the Senate will also commence moves to pass another tranche of the bill that would deal with the fiscal aspect of the oil and gas sector. Corrupt practices’ll be reduced —Saraki In his remarks after the passage, Senate President, Bukola Saraki, who presided over yesterday’s plenary, noted that the Bill was not only for Nigerians but also investors. He said with the passage of bill, corrupt practices in the oil and gas sector would be reduced to the barest minimum, adding that the inefficiency currently associated with the sector would also be done away with. Saraki said: “The bill will stimulate the oil and gas industry; it will reduce the area of corruption and inefficiency in the oil and gas sector.” The bill will now be sent to the House of Representatives for concurrence before being transmitted to the President for assent.
Views: 586 Oak TV
The start of the new trading week was rather calm and provided no surprises to oil traders. After a sell-off session that was seen last week, oil prices leveled out today, hovering near 2-week lows. However, Brent prices have already retreated from the level of 75 dollars per barrel to 74 dollars. Probably, it will continue falling with the target at 70 dollars. Today macroeconomic statistics from China showed that the industrial production grew at a slower pace which dented the economic growth. Remarkably, China is the biggest oil consumer. Therefore, this news signals that the demand for crude oil may decrease. This factor also puts oil prices under pressure. Furthermore, analysts expect oil prices to fall lower as Libya is likely to resume supplies while Russia and Saudi Arabia are likely to ramp up production. Besides, traders doubt that the ban on exports of crude oil from Iran will be imposed after all. Investors noted that the United States took a milder stance regarding the new package of sanctions against Tehran. WTI is also trading lower. The American crude oil is testing the support level at 70 dollars per barrel. This crude benchmark lacks momentum even despite the report from Baker Hughes. It showed that the drilling activity in the United States became less robust. For the week ended the 7th of July the number of oil rigs did not change. Another factor that prevents oil prices from falling lower is the strike of the Norwegian oil labor unions which stopped the work of 881 oil rigs. https://www.instaforex.com FX Analytics - https://www.instaforex.com/forex_analytics Forex Calendar - https://www.instaforex.com/forex_calendar Forex TV from InstaForex - https://www.instaforex.com/instaforex_tv Forex charts - https://www.instaforex.com/charts Instant account opening - https://www.instaforex.com/fast_open_live_account Forex Trading Contests - https://www.instaforex.com/forex_contests List of official InstaForex blogs: https://www.facebook.com/instaforex https://www.instagram.com/instaforex/ https://twitter.com/InstaForex
Views: 208 InstaForex
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Views: 418 Channels Television
Dozens of gold miners in Zimbabwe have seized a farm belonging to former first lady Grace Mugabe - just four months after president Robert Mugabe was ousted from power. It's part of an ongoing dispute between the former first lady and several mining syndicates. They were granted a high court order allowing them to operate on the farm. Adesewa Josh reports. Subscribe: http://trt.world/subscribe Livestream: http://trt.world/ytlive Facebook: http://trt.world/facebook Twitter: http://trt.world/twitter Instagram: http://trt.world/instagram Visit our website: http://trt.world
Views: 623 TRT World
Watch all the latest stories making headlines on Silverbird Television at the comfort of your mobile device, tablet or PC. Click www.silverbirdtv.com/live to watch live Like, follow and subscribe to Silverbird TV! Website: www.silverbirdtv.com YouTube: https://www.youtube.com/SilverbirdTelevision Facebook: https://www.facebook.com/silverbirdtelevision Twitter: https://twitter.com/silverbirdtv Instagram: http://www.instagram.com/silverbirdtv Subscribe: https://goo.gl/EUqVRT Silverbird Television is the leading entertainment Television station in Nigeria, providing its audience with up to date News, sports, entertainment programmes. SilverbirdTV through it's Dream Network (Lagos, Awka, Jos, Abuja, Port Harcourt and their environs) provides its audience with it's popular TV breakfast show "Today on STV", current affairs, Top notch TV shows, Nigerian/Nollywood Movies, Nigerian News, African News, World News etc. Silverbird Television is part of the Silverbird Group, a diversified multi-media company with holdings in Radio, Television, Real Estate, and Cinemas owned by Mr. Ben Murray-Bruce. Silverbird's Most Beautiful Girl in Nigeria (MBGN) brand produced the first and only black African Miss World in 2001, Agbani Dorego. STV's entertainment programmes features Nigerian artistes such as Don Jazzy, Tiwa Savage, Davido, Wizkid, Banky W, Flavour, P Square, Yemi Alade, Olamide amongst others. STV can be watched live at www.silverbirdtv.com
Views: 85 Silverbird Television
The Nigerian Senate has set up a panel to probe the activities of the Group Managing Director of the Nigeria National Petroleum Corporation, Dr. Maikanti Baru, over allegations made against him in a petition to President Muhammadu Buhari by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu. This was sequel to a motion by Senator Samuel Anyanwu on the need to conduct an holistic investigation into the activities of the NNPC group.
Views: 64 Viable Tv
Usually the subject of petroleum production in Africa centers on resource-rich giants such as Nigeria and Angola. But Ghana, too, has focused on black gold for years and hopes for a long-awaited growth spurt for the economy.
Views: 1026 DW News
A Nigerian energy company Necode is dragging Royal Dutch Shell to British court of arbitration for illegally exporting crude oil from an oil well whose lease had already been sold. More on this from CGTN's Kelechi Emekalam. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 228 CGTN Africa
Today marks International Women's Day. From Zimbabwe, we bring you the story of Daphne Bayayi, a woman who pursued her dream of becoming a commercial farmer. Daphne has taken advantage of a United Nations land reform programme that aims to increase Zimbabwean women's access to farming resources.
Views: 1783 CGTN Africa
Sigma Oilfield is a service provider within upstream and downstream market segment in the Middle East. Providing oil and gas, waste and water management products and technologies through partnerships with international prime brands as well as delivering oilfield services to support the production of oil and gas assets. Sigma Engineering Works provides a comprehensive range of engineering and fabrication services to the oil and gas, energy, maritime and petrochemical industries. Working to high specifications and within tight deadlines we aim to change the way engineering and fabrication services are delivered.
Views: 32 Mazrui Energy Services
Telephone conversations by Mrs. Diezani Alison-Madueke, former Petroleum Resources Minister, have revealed that she deliberately connived with her business partners to steal Nigeria’s oil money. As Petroleum Minister between 2010 and 2015, Mrs. Alison-Madueke used her influence to facilitate illicit business opportunities for Messrs. Kola Aluko and Jide Omokore, who used shell companies to receive billion-dollar contracts to sell Nigeria’s crude oil.
Views: 5711 Gina Kennedy
The Minister of State for Petroleum votes in Delta State. Subscribe http://www.youtube.com/RootsTvNigeria Check Out Our Website http://www.rootstv.ng Facebook http://www.facebook.com/RootstvNg Twitter http://www.twitter.com/RootstvNigeria Instagram http://www.instagram.com/RootstvNigeria
Views: 116 RootsTV Nigeria
President Muhammadu Buhari has requested that the national assembly approve the sum of 75 million U.S dollars credit facility from the world bank. The loan is to be provided to the government in Edo state and is targeted at its private sector. Silverbird Television is the leading entertainment Television station in Nigeria, providing its audience with up to date News, sports, entertainment programmes. SilverbirdTV through it's Dream Network (Lagos, Awka, Jos, Abuja, Port Harcourt and their environs) provides its audience with it's popular TV breakfast show "Today on STV", current affairs, Top notch TV shows, Nigerian/Nollywood Movies, Nigerian News, African News, World News etc. Silverbird Television is part of the Silverbird Group, a diversified multi-media company with holdings in Radio, Television, Real Estate, and Cinemas owned by Mr. Ben Murray-Bruce. Silverbird's Most Beautiful Girl in Nigeria (MBGN) brand produced the first and only black African Miss World in 2001, Agbani Dorego. STV's entertainment programmes features Nigerian artistes such as Don Jazzy, Tiwa Savage, Davido, Wizkid, Banky W, Flavour, P Square, Yemi Alade, Olamide amongst others. STV can be watched live at www.silverbirdtv.com
Views: 598 Silverbird Television
Nigeria is about 15 years ahead of the Ohio river gas boom, here is what you can expect for your future.
Views: 50 Bravo Von Muller
Enough is enough. We are pissed! #MarchForZamfara #EndZamfaraKillings @Dattijor @Nuratafida we marched for Zamfara we marched for humanity #MarchForZamfara Enough is enough, time for the President to do the needful nd act like the man we voted for😐 End the Incessant kidnapping nd killings of Innocent Nigerians in Zamfara #MarchForZamfara Thank you @KadariaAhmed #MarchForZamfara #ZamfaraIsBleeding #ZamfaraMatters Buhari: No Nigerian territory under Boko Haram’s control President Muhammadu Buhari says no part of the country is under the control of Boko Haram insurgents. He said this while delivering his remarks at the world economic forum on the Middle East and North Africa. “Today, I am pleased to say no territory in the Federal Republic of Nigeria is held or controlled by Boko Haram,” he said. “We are extremely grateful to the many countries that have stood with Nigeria to confront this global scourge and in particular, the Kingdom of Jordan under the leadership of His Majesty, the King.” Earlier in the remarks, the president said the deaths, damage and destruction caused by groups such as Al Qaeda, ISIS and Boko Haram over the last ten years will take decades to repair. He said most of the organisations have been degraded, and that the world which came together to achieve this, is faced with the task of rebuilding. The president also said Nigeria celebrated being the largest economy in Africa and one of the fastest growing economies in the world, but Nigerians were migrating in droves through harsh desert conditions and across treacherous seas to seek what they believe would be a better life in Europe. He said he strongly believes that the lack of social and economic inclusion was the root cause of many challenges the country is experiencing. Buhari: It Will Take Decades To Repair The Destruction And Damage Caused By Boko Haram “We have been hosts to some of the deadliest conflicts in recent history,” Buhari said of the regions under focus. “The deaths, damage and destruction caused by terrorist groups such as Al Qaeda, ISIS and Boko Haram over the last ten years will take decades to repair.” t will take decades to reverse the deaths, destruction and damage caused by Boko Haram in the last 10 years, President Muhammadu Buhari said on Saturday. The President said this while delivering a speech at the World Economic Forum on the Middlle East and North Africa currently going on in Jordan. “We have been hosts to some of the deadliest conflicts in recent history,” Buhari said of the regions under focus. “The deaths, damage and destruction caused by terrorist groups such as Al Qaeda, ISIS and Boko Haram over the last ten years will take decades to repair.” He also spoke on efforts of his administration to handicap insurgents, stating: “By the special grace of God, today, most of these terrorist organizations have been significantly degraded. The world came together to achieve this. Now, we are faced with the task of rebuilding." Buhari identified “lack of social and economic inclusion” as the “root cause of many challenges” being experienced by the region. He urged the forum to come together to solve the problem. EFCC Chairman Reveals How Bankers Launder Funds For Terrorists, Politicians And ‘Yahoo Boys’ The acting chairman of the Economic and Financial Crimes Commission (EFCC), Nigeria’s anti-graft agency, Ibrahim Magu, says some “fraudsters in banks are laundering public funds for corrupt politicians and terrorists”. His words: “The banks also help the politically exposed persons to steal and launder public funds,” he said. “Money is being laundered and money is being used to fund terrorism in the country. There are more terrorist activities in this country. So, it is a good business for them. “You will also agree with me that the banks give lifelines to internet fraudsters; the one we call Yahoo boys. “They (banks) provide market for them through MoneyGram and Western Union that are readily available. “They throw confidentiality to the wind and subject people’s accounts to a lot of intimidation and extortion. “So, this is the reason we say we must come here. We have to talk. Unfortunately, we have fraudsters working in the banks; working right inside the banks.” Senate directs Shell to pay N6.9bn to Niger Delta communities The Senate has directed the Shell Petroleum Development Company to respect its earlier resolution which mandated it to pay N6, 936,899,900 to some oil-producing communities in the Niger Delta region. The fresh directive followed a protest by people of the affected communities who lamented the refusal of the SPDC to comply with the resolutions of the Senate. A firm, Bekele Jones and Associates had sent a petition to the upper chamber, to complain about the non-payment of the accumulated rentals and expired leases. 19 die in Katsina road crash
Views: 140 nigeria concerns
Yesterday, traders witnessed an abrupt fall in the commodity market while monitoring crude price dynamics. News about renewed growth in US crude oil inventories triggered sell-offs of black gold. In half an hour after the US Energy Department published the information, the Brent crude price slumped by 2.5 percent to the mark of 43 dollars 70 cents a barrel. There were other pieces of news indicating an oil glut in the global market. A report on higher US stock piles followed the data confirming revival in the US drilling activity and increasing hydrocarbon production in other crude-exporting countries. After several weeks of decline in oil inventories, analysts expected this dynamic to persist this week as well. They had predicted a drop of 2.1 million barrels. However, the actual figure reported by the US Energy Department showed an advance of 1.671 million barrels. Given the unveiled data, buyers are leaving the oil market. Experts anticipate that the Brent oil price will return to 40 dollars a barrel. https://www.instaforex.com/
Views: 207 InstaForex
The Tejuosho Ultra-Modern Shopping Centre. | Rebuilt | Transformed | Ready for Business The Tejuosho Ultra-Modern Shopping Centre with a superimposing structure and well laid out plan spanning across 25,000sqm of land, is the promised one-stop dream commercial location that rightly compliments the Lagos metropolis. The Centre will also provide thousands of jobs for both skilled and unskilled labour. The Centre boasts of over 1,692 shops on four floors, 342 K-Klamps, children’s area, food court, bar/lounge, promotion courts, advertising space, a massive underground parking lot for more than 350 vehicles, 24hr power with standby generators, police/fire station, waste management, and round-the-clock-security. The newly reformed market still retains the spirit of the old market while offering a modern business experience/ambience.
Views: 567 Tejuosho UltraModern Shopping Centre
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Views: 303 Channels Television
As Algeria's oil wealth dries up people are demanding to know where the money has gone. Corruption, youth unemployment and inequality have been at the centre of protests against the two-decades of rule by Algeria's president 81-year-old Abdelaziz Bouteflika. Despite agreeing not to stand for another term, Algerians have little faith in the business elite, military and politicians running the country. The country's wealth has been squandered. It had currency reserves of $179bn in December 2014, but that has shrunk to $79.8bn. Rather than using the oil and gas wealth to diversify the economy, more than a fifth of Algeria's budget is used for subsidies. The International Monetary Fund (IMF) says Algeria's oil and gas revenues account for 95 percent of its export earnings and 60 percent of its budget. But oil prices have been falling and the country's oil and gas production has also been in decline due to a lack of investment - meaning there isn't the money to fill the coffers. Unemployment in Algeria is running at 11.1 percent. But youth unemployment stands at 26.4 percent for the under 30s, who make up two-thirds of the country's 41-million population. Taieb Hafsi, strategy and society professor of management at the HEC Montreal, talks to Counting the Cost about the issues behind the protests and the challenges facing Algeria's oil-reliant economy. What will Rome get from Beijing's Belt and Road Initiative? Britain's decision to join China's challenger to the World Bank drew a quick rebuke from Washington. The US claimed the Asia Infrastructure Investment Bank would extend Beijing's soft power. Three years on, the decision by Italy's new populist government to sign up for investment from Beijing has raised concerns in Western capitals. The US National Security Council warned: Endorsing the Belt and Road Initiative lends legitimacy to China’s predatory approach to investment and will bring no benefits to the Italian people. Those concerns are already playing out. China's largess is entrapping vulnerable nations in debt. You may recall Sri Lanka fell behind with payments and had to hand over a vital sea port that had been built with Chinese loans, on a 99-year lease. Pakistan's attempts to negotiate an IMF loan have been complicated by Washington's unwillingness for the money to be used to pay back Beijing's loans to Pakistan. And in Djibouti where the US has a military base, China opened its first overseas base. At the same time, the country's debts have soared to 80 percent of GDP from 50 percent. In Italy's case, it has debts of 2.3 trillion euro, and pays 64 billion every year in interest payments. Should it get into trouble, the European bailout fund would not be able to save the country. China's president Xi Jinping hopes the two countries can work together on everything from ports to telecoms and pharmaceuticals to football. But what is at stake? And what will Rome get from the Belt and Road Initiative? Greg Swenson, founding partner of Brigg Macadam, talks to Counting the Cost. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/
Views: 6449 Al Jazeera English
EIA hosted this webinar to examine trends in U.S. crude oil production during 2017 and the implications for 2018 and 2019. EIA’s goals were to share the agency’s current analysis and approach for forecasting U.S. oil production, hear from several other oil market analysts and then field questions and recommendations from the audience. Speakers included John Conti (EIA, Acting Administrator), John Staub (EIA, Director of Office of Petroleum, Natural Gas & Biofuels Analysis), Harold Hamm (Domestic Energy Producers Alliance (DEPA) Chairman and Continental Resources), Phillip Dunning (Drillinginfo, Manager, Consulting Services), and Artem Abramov (Rystad Energy, VP Analysis). This webinar aired on Thursday, November 16, 2017. The Powerpoint from this webinar can be found on EIA's website: https://www.eia.gov/petroleum/workshop/crude_production/pdf/Agenda_Bios.pdf
Views: 1601 EIAgov
Check Out The Oil Refinery That DANGOTE Is Building In LAGOS Video Source CNN Everyone should strive to acquire plots of land in a potentially very high value Location like Ibeju-Lekki. Where the major projects are or proposed, like - Lekki Free Trade Zone, Dangote Petroleum Refinery, Lekki Deep Sea Port, Island International Airport, 4th Mainland bridge etc. These projects are strong indicators of the future value of land in this area. People who know this are positioning themselves and business now by buying plots of land in the axis. You don't have to live there but can surely secure regular income by putting the property up for lease or sell off at a highly appreciated value in the future. Contact us to take advantage as there are some very good offers currently selling. For more information and inspection of properties around this axis contact
Views: 3807 Paul Chibuike
Purchase order financing and receivable factoring for the oil, gas and energy industry suppliers. This is wonderful times for states like Texas, Arkansas, New Mexico, California, West Virginia, Pennsylvania, North and South Dakota and Ohio. Oil and Natural Gas exploration are now at record highs and are expected to stay that way to decades to come. For 20 years we've been funding suppliers to the oil and gas industries. Everyone from Roustabouts, hauling water, welders, drip-bit suppliers, guard service, to labor. Whatever product or service you are selling to oil and gas industries we'd love to help. Visit http://businesscash.com/who-benefits/energy-oil-gas-factoring/ for more information.
Views: 121 Business Cash Now
My views on the disaster waiting to happen close to the Lekki Freetrade Zone in Lagos, known as the Dangote Refinery, situated in a tourism zone with pristine beaches that could have been the pride of Lagos, that would now become a major health hazard to those who are now buying residential plots in gated communities around the site of the refinery soon to start operations between 2019 and 2020. #DangoteRefinery #HealthHazards #EnviromentalImpactAssessmentFraud #Tourism #Beaches #Zoning #GatedCommunities
Views: 385 Spencer Soyemi
OGEL 4 (2018) - Free Excerpt available @ https://www.ogel.org/journal-browse-issues-toc.asp?key=77 Regulating #Power-to-#Gas in the #EnergyUnion by R.C. Fleming, Groningen Centre of Energy Law (GCEL) Corporate #Tax in #Oil & #Gas Production. Who Must Pay It in #EquatorialGuinea? by P.M. Lorenti Legislative and Regulatory Aspects of #Shale #Gas #Exploration and #Production in #SouthAfrica by N.A. Obeng-Darko, P. Crossley Contribution of #Law and Lawyers to #LNG Market Developments: Model Diversion Clause for LNG Sale and Purchase #Contracts by K. Talus A False Dichotomy Between #LNG and Natural #Gas? A Comment on Recent Practises at the World Trade Organization by M. Wüstenberg, K. Talus, R.D. Ripple The State of Play of the #EnergyCharterTreaty #ECT by N. Lavranos #Mergers and #Acquisition as a Tool for Marginal Field Development in #Nigeria by J. Okoro, P. Chukwuma Obutte Are Local Content Requirements in Developing #Petroleum Sectors Sustainable? Managing Expectations while Aligning Sustainable Principles with Regulatory Policy by B.C. Asiago, M. Kapesa Wasunna Managing Investor-State Disputes in #Upstream #Oil and #Gas Industry: IOCs' Perspective by A. Xenofontos Public Service Obligations (PSOs) in the Natural Gas Markets of #Ukraine and #Moldova: What Needs to be Changed to Enhance Market Liberalization and Compliance with Energy Community Acquis Communautaire? by M. Iakovenko Discriminatory Nature of the Proposed Changes to the #Gas Market Directive - Extension to External Pipelines or Only One of Them? by K. Talus #EuropeanCommission Crusade Against a #Pipeline: Act Three - Lex #NordStream 2 by K. Talus Still Growing: How America's #RenewableEnergy Industry is Surviving in the Trump Era by T.A. Rule Book Review: #StateAid and the #Energy Sector, ed. Leigh Hancher, Adrien de Hauteclocque and Francesco Maria Salerno (Hart, 2018) by H. Bjørnebye Free Excerpt available: https://www.ogel.org/journal-browse-issues-toc.asp?key=77
Views: 12 OGELTDM LawJournals
World Legal Systems is a long-running, foundation legal course that makes the more specialized courses that CWC School for Energy offers on PSCs, JVs, etc. easier to understand and to utilize.
Views: 216 CWCSchool
The short video shows officials of Katsina State, Nigeria handing over 2 buildings to representatives of Salad Greenhouse (www.saladgreenhouseafrica.com), which will be used to house a bio-fertilizer bottling facility so that Bio-Plant and Pro-Plant can be made available to farmers throughout Nigeria.
Views: 256 Peter McAlpine
President Obama - Weekly Address - August 29th, 2015 - Meeting the Global Threat of Climate Change Hi, everybody. This Monday, I’m heading to Alaska for a three-day tour of the state. I’ve been looking forward to this for a long time. Not only because Alaska is one of the most beautiful places in a country that’s full of beautiful places – but because I’ll have several opportunities to meet with everyday Alaskans about what’s going on in their lives. I’ll travel throughout the state, meeting with Alaskans who live above the Arctic Circle, with Alaska natives, and with folks who earn their livelihoods through fishing and tourism. And I expect to learn a lot. One thing I’ve learned so far is that a lot of these conversations begin with climate change. And that’s because Alaskans are already living with its effects. More frequent and extensive wildfires. Bigger storm surges as sea ice melts faster. Some of the swiftest shoreline erosion in the world – in some places, more than three feet a year. Alaska’s glaciers are melting faster too, threatening tourism and adding to rising seas. And if we do nothing, Alaskan temperatures are projected to rise between six and twelve degrees by the end of the century, changing all sorts of industries forever. This is all real. This is happening to our fellow Americans right now. In fact, Alaska’s governor recently told me that four villages are in “imminent danger” and have to be relocated. Already, rising sea levels are beginning to swallow one island community. Think about that. If another country threatened to wipe out an American town, we’d do everything in our power to protect ourselves. Climate change poses the same threat, right now. That’s why one of the things I’ll do while I’m in Alaska is to convene other nations to meet this threat. Several Arctic nations have already committed to action. Since the United States and China worked together to set ambitious climate targets last year, leading by example, many of the world’s biggest emitters have come forward with new climate plans of their own. And that’s a good sign as we approach this December’s global climate negotiations in Paris. Now, one of the ways America is leading is by transitioning away from dirty energy sources that threaten our health and our environment, and by going all-in on clean, renewable energy sources like wind and solar. And Alaska has the natural resources to be a global leader in this effort. Now even as we accelerate this transition, our economy still has to rely on oil and gas. As long as that’s the case, I believe we should rely more on domestic production than on foreign imports, and we should demand the highest safety standards in the industry– our own. Still, I know there are Americans who are concerned about oil companies drilling in environmentally sensitive waters. Some are also concerned with my administration’s decision to approve Shell’s application to drill a well off the Alaskan coast, using leases they purchased before I took office. I share people’s concerns about offshore drilling. I remember the BP spill in the Gulf of Mexico all too well. That’s precisely why my administration has worked to make sure that our oil exploration conducted under these leases is done at the highest standards possible, with requirements specifically tailored to the risks of drilling off Alaska. We don’t rubber-stamp permits. We made it clear that Shell has to meet our high standards in how they conduct their operations – and it's a testament to how rigorous we've applied those standards that Shell has delayed and limited its exploration off Alaska while trying to meet them. The bottom line is, safety has been and will continue to be my administration’s top priority when it comes to oil and gas exploration off America’s precious coasts – even as we push our economy and the world to ultimately transition off of fossil fuels. So I’m looking forward to talking with Alaskans about how we can work together to make America the global leader on climate change around the globe. And we’re going to offer unique and engaging ways for you to join me on this trip all week at WhiteHouse.gov/Alaska. Because what’s happening in Alaska is happening to us. It’s our wakeup call. And as long as I’m President, America will lead the world to meet the threat of climate change before it’s too late. Thanks, and have a great weekend.
Views: 852 ListenAndReadAlong
बैंकों के 5000 करोड़ रुपए लेकर भागने वाले संदेसरा की पूरी कुंडली| Who is Nitin Sandesara? #NitinSandesara #VKNews Who is Nitin Sandesara, Key Accused In Rs 5,000 Cr Loan Fraud Case Nitin Jayantilal Sandesara, the 58-year-old director of Gujarat-based pharma giant Sterling Biotech, has been embroiled in controversy ever since his company was accused of taking loans of over Rs 5,000 crore from a consortium of banks, which then turned into non-performing assets. He currently occupies the position of chairman at Sterling International Enterprises Ltd and chairman, chief executive officer (CEO) and joint MD at Sterling Biotech Ltd. He is also on the board of 33 other companies. He is also the chairman of Sterling Exploration and Energy Production Company Limited. A qualified chartered accountant and a commerce graduate from Mumbai University, Sandesara is responsible for the group’s strategy and business development. The estimated group valuation stands at $6.9 billion. VK News is one of the most watched Hindi News channel. It is India's new Hindi digital News platform that acts as the mirror of the society. It helps in bridging the gap between the users and the current happenings in the society of all around the world. If you are interested in watching Hindi live news as well as breaking news then our YouTube channel will help you by giving you infotainment. Please Subscribe VK News on You Tube For more update about latest news & entertaining videos, Fallow us on- Facebook- https://www.facebook.com/VKNewsofficial Twitter- https://www.twitter.com/VKNewsofficial Instagram- https://www.instagram.com/VKNewsofficial Google+- https://plus.google.com/u/0/b/107718284105508638864/?tab=wX Here you can find news in detail http: www.vknewsindia.com Mail us for any suggestion or Complaint [email protected]
Views: 656 VK News
California Gov. Jerry Brown has signed legislation aimed at blocking the Trump administration’s plan to open offshore waters to new oil and gas drilling. As he signed the legislation on Friday, Brown said, “California’s message to the Trump administration is simple: Not here, not now. We will not let the federal government pillage public lands and destroy our treasured coast.” The Huffington Post reports that no new federal leases have been granted for oil and gas drilling off California’s coast since 1984. The new state laws aim to block offshore drilling by prohibiting any new leases for construction needed to load oil and gas pumped from ocean platforms onto California’s shores. The state controls the coastline as well as ocean waters within three miles of shore. https://www.huffingtonpost.com/entry/california-gov-brown-signs-laws-trump-offshore-drilling_us_5b9609d2e4b0cf7b00414779 http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
Views: 71 Wochit News
The top stories from East, West and Southern Africa: Tullow Oil woos Turkana locals with car lease contracts. The latest from Southern Africa's resource sector. And Burkina Faso names former foreign minister as transitional president.
Views: 602 CNBCAfrica
CEOLIVE.TV reached out to CGrowth Capital CEO, Bill Wright to do an interview after their recent press release announcing a Joint Venture Bond Funding (Link to Full Release: http://finance.yahoo.com/news/cgrowth-capital-inc-releases-details-163000629.html). Bill talks about the Oil & Gas side of the business, the recent SEPA app for their Cannabis Real Estate business in Washington state as well as the recent Joint Venture Bond Offering. This video interview is part of an ongoing series that features CEO’s from leading small and micro cap companies addressing topics related to the company's business performance and strategy. The interviews are not intended to provide the first announcement of material information or developments about the company. Instead, they will discuss matters previously announced through other channels or that are not themselves considered material information under securities laws, even though the matters may be important to shareholders. The video interview will be hosted at the following link and available at 9:30AM ET on Thursday, March 24, 2016: http://ceolive.tv/cgra About CGrowth Capital, Inc. CGrowth Capital, Inc., the Company continues to serve as an alternative asset management company for businesses and assets focused on all aspects of mining, minerals, exploration, and commercial real estate. You can find out more about them by visiting www.cgrowthcapital.com. About CEOLIVE.TV CEOLIVE.TV provides Investor Media, News, Research and IR Services through The "Investor Profiles", "Investor Updates" and "CEOLIVE Watchlist" video series. Please visit www.ceolive.tv to learn more. Forward Looking Statements This presentation may contain certain Forward-Looking Statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all Forward-Looking Statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are Forward-Looking Statements, including but not limited to the viability of the company’s business plans, the effect of acquisitions, profitability, management’s effectiveness, the marketability of the company's products, the company's ability to protect its proprietary information, general economic and business conditions, the volatility of the company's operating results and financial condition, other risks that may be detailed in filings with the Securities and Exchange Commission ("SEC") or other applicable regulatory authorities, etc. These Forward-Looking Statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update Forward-Looking Statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these Forward-Looking Statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Disclaimer / Disclosure Neither CEOLIVE.TV or any of its principals currently owns or plan to own within 72 hours of publication any shares of the stocks mentioned in this video. For a full disclaimer please visit, ceolive.tv/disclaimer. CEOLIVE content and productions are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in CEOLIVE content and productions, or other investor relations materials and presentations are subject to change. Neither CEOLIVE nor any of its data or content providers shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All data and information is provided for informational or entertainment purposes only. CEOLIVE is not a registered broker-dealer or a registered investment advisor. Contact CEOLIVE.TV Mike Elliott [email protected]
Views: 792 Mike Elliott
http://offshoreoiljobssite.wordpress.com/ Oil platforms are a hard place to get jobs in, so I hope this video gives you a little bit of insight into the workfield. It's not a joke working on a rigg, but it is profitable. You work in rotations, so you get lots of time off at a time, and it's pretty safe to boot! http://offshoreoiljobssite.wordpress.com/
Views: 576 NeyenAcostaTV
Land Reclamation - When a well finishes producing oil or gas, on average after 20 years, the last stage of the lifecycle of a well begins. This step, known as reclamation, is the process of returning the land as close as possible to its original form and use. This requires removing equipment and replanting the site with native vegetation, and can take up to five years or more to complete. Regulators like the Energy Resources Conservation Board (ERCB) in Alberta require exploration and production (E&P) companies to make every effort to have the least amount of impact on the environment, so it’s easier to return the land to its original use. This has dramatically affected how wells are drilled in Canada. For example, the area cleared for well pad installations has been reduced by about 40 per cent today compared to the 1970s, and drilling multiple wells from a single pad has become commonplace. (Source: Our Petroleum Challenge) Steps in Reclamation: Planning: Reclamation plans are required when applying for a license to drill. Landscape designs: These plans take into consideration reintroducing appropriate vegetation and the creation of visually pleasing and functional landscapes. Material handling: Once the general shape of the land has been formed, top soil can be placed. This soil is often made up of organic materials from the forest floor which contains seeds and roots of plants. Re-vegetation or reforestation: Land is re-planted by smoothing top soil, placing fertilizer, seeding and harrowing. In reforestation, trees and a variety of shrubs are included in the planting mix. Monitoring: After reclamation, E&P companies monitor the health of trees and soil. Seedling plants are assessed one year after planting and then at five-year intervals. Soil is also assessed by collecting samples and analyzing them for chemical and physical properties. Certification: Government regulators certify land as reclaimed when reclamation is determined to be complete. This certification releases E&P companies from their land lease. However, E&P companies are held to a 25-year liability for surface reclamation issues and a lifetime liability for contamination. (Source: Syncrude Canada Ltd.) In Alberta, Alberta Environment and Sustainable Resource Development conducts audits through field inspections at approximately 15 per cent of the sites to ensure guidelines have been met. Certificates can be cancelled if sites do not meet the remediation requirements or reclamation criteria. (Source: ERCB) In Canada, the lifecycle of a well is a complex and highly regulated process. This process ensures Canada’s vast energy resources are accessed efficiently and with as few environmental impacts as possible.
Views: 1732 Wisdom Land
25 October 2016 - Session Oil & Gas Transportation and the Environment: Helle Hammer, Managing Director The Nordic Association of Marine Insurers, "Nordic Plan: Insuring the special needs of MOUs and their construction" - www.shippingandthelaw.org
This session will focus on resource assessment techniques, the process of a firm's reserve estimation, and the manner in which these issues affect how firms value acreage and ultimately translate their assessments into production. The session will also address the role of uncertainty in estimating resources and reserves and how such uncertainty translates into production outlooks and expected profitability.
Views: 105 IAEE
RT Moby and the CIA https://youtu.be/ya4-5_pEbsI Dr. Steve, a dissertation on Shit hole counties! https://youtu.be/XWo6bKPD_G0 George Webb Day 88.2 https://youtu.be/B3BBjv-jjgE A song: Spill the wine! https://youtu.be/W77Kwh6f0TE Night Flight! https://youtu.be/0i72LjAnhlg
Views: 986 Farmer Jones
Katsina – Katsina State Government has leased its Songhai Farm located in Dutsinma to Dangote Group at the cost of N500 million.File photo Gov.Aminu Masari who signed the agreement on Thursday in Katsina said that the lease would run for 10 years.“The Katsina government is happy that a competent investor like Aliko Dangote has indicated interest to make proper use of the Songhai farm which has been laying unused for some years.“The government is ready to provide several incentives for more investors to come to the state; government is also ready to provide conducive environment for all kind of investors.”Responding, Chairman of Dangote Group, Aliko Dangote, said that the company will pay the N500 million before the end of July 2018.He said that the company still require more land across the state for the cultivation of tomatoes and other products, adding that it would invest more if the government provides the enabling environment.In a remark, the Director General in charge of Investment in the state, Alhaji Ibrahim Jikamshi said the lease was part of resolutions of the recent state economic summit organized by the government.“The N500 million that Dangote will pay, the state government will use it to upgrade the facilities at the Songhai farm.”The farm will, under the Dangote group, serve as agricultural research institute and engage in the production of farm produce.“All universities close to the farm will use it for practical purposes and it will provide job opportunities to unemployed youths in the area,” he said.
Views: 35 ILONG TV
Oando Plc one of Nigeria’s leading Indigenous Exploration and Production company, today visited the Nigerian stock exchange, to carry out its financials through the “Facts Behind the Figures” for 2015 financial year and Q1,2016. It began with the ceremonial closing gong performed by the Group CEO Mr Wale Tinubu and the presentation proper, hosted by the NSE CEO Mr Oscar Onyema and the Nigerian stockbrokers/analyst. Proshare WebTV brings excerpts from the event.
Views: 219 WebTV Nigeria