FOR THE FIRST TIME, US SHUNS NIGERIA’S OIL

The search for alternative energy by the Barack Obama administration in the United States of America (USA) has begun to take a toll on Nigeria’s crude oil export as the US for the first time failed to import a single barrel of crude oil from Nigeria.

This troubling scenario experienced in the month of July, according to industry watchers, may spell doom for the Nigerian economy.

Read more @ Leadership

ENI PAID $533M BRIBE TO POLITICIANS – PROSECUTORS

Italian oil and gas major, Eni, the parent company of Nigeria Agip Oil Company, has been alleged to have used at least half of the $1.1bn paid to purchase a Nigerian oil field in 2011 to bribe local politicians, intermediaries and others, according to official documents and a person close to the investigation.

The Milan prosecutors, who recently opened a probe into the acquisition, have placed the company, its former chief executive officer, Paolo Scaroni, and current CEO, Claudio Descalzi, under investigation for alleged international corruption surrounding the deal for the Oil Prospecting Licence 245 offshore oil field concession.

Read more @ The Punch

NNPC REFORM, FISCAL CHANGES, OTHERS STALL PIB PASSAGE

With the Petroleum Industry Bill seeking to restructure the Nigerian National Petroleum Corporation and the lingering concerns of International Oil Companies over the changes in fiscal terms, the passage of the bill should not be expected anytime soon, industry analysts have said.

The delay in the passage of PIB, which seeks to overhaul the oil and gas industry, is said to be taking a toll on the industry

Read more @ The Punch

PIB REPORT ALMOST READY

The Chairman, Senate Committee on Gas, Senator Nkechi Nwaogu, on Wednesday confirmed that the joint committee currently working on the Petroleum Industry Bill had almost concluded its assignment and would soon present the report for final approval and passage by the upper chamber.

Senate President, David Mark, had in Lagos last week assured Nigerians that the bill, which is expected to bring sanity to the oil and gas industry, would be passed into law before the end of the current legislative year.

Read more @ The Punch

TOTAL LAUNCHES GLOBAL CORPORATE ADVERTISING TODAY

Oil giant, Total Group, will, today, simultaneously launch its new international multimedia advertising campaign in 21 countries to develop the group’s brand awareness.

This was contained in a statement issued by Total Deputy General Manager, Policy, Media and Coordination, Mr Charles Ogan.

Read more @ The Nigerian Tribune

SAMSUNG EXPLAINS ROLE IN EGINA FPSO PROJECT

Samsung Heavy Industries Nigeria Limited has said that the Egina FPSO project was awarded to it alone by Total Upstream Nigeria, and was never at any time jointly awarded to it (Samsung) and any other organisation.

The firm, in a letter made available to our correspondent, maintained that there was in place, a valid and subsisting contract between it and Total, as far as the Egina FPSO project was concerned.

Read more @ The Punch

NEW BRAND BASELINE AND GLOBAL CORPORATE ADVERTISING CAMPAIGN FOR TOTAL

Paris, September 30, 2014 – Total is launching its new international multimedia advertising campaign simultaneously in 21 countries on October 2nd to develop the Group’s brand awareness. The campaign highlights Total’s operations in oil production, refining and marketing, as well as its role as a major player in natural gas (50% of its output) and as the global number two in solar power, through its subsidiary SunPower.

The campaign provides a tangible illustration of the meaning behind the Group’s new baseline, “Committed to Better Energy”, which puts the emphasis on producing “better”, not “more”.

In this way, the Group is sharing its conviction that the path to a responsible energy future lies first and foremost in energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible.

To help shoulder this commitment, a large number of Group employees were involved in producing the campaign, and most of the scenes in the commercial were filmed at Total sites.

“Total is a leading global energy company. It needs a powerful brand over the long term to support the growth of its businesses. This large-scale campaign is the first of its kind in Total’s history. It reflects both our size and our ambitions,” explains Jacques-Emmanuel Saulnier, Total’s Senior Vice President, Corporate Communications.

“Our vision and our continuous improvement approach – “always better” – are seen on our work on the front lines, alongside and for our stakeholders,” says Mrs. Elisabeth Proust, Managing Director of both Total E&P Nigeria Ltd and Total Upstream Nigeria Ltd. “This isn’t just a promise for the future, it’ s the everyday reality for Total’s 100,000 employees.”