agreement Archives - NaijaTab Naija News

16Mar

By Emeka OkaforNo Comments

Reports

BREAKING: FG , ASUU reach agreement

Sure, here’s a rephrased version while keeping the HTML tags and format intact: https://www.NAIJATAB.ng/news/breaking-fg-asuu-arrive-at-consensus-on-requirements

Oil firm to sign FEED agreement for Nigeria’s first FLNG facility

An indigenous petroleum corporation, UTM Offshore, will formalize a front-end engineering design (FEED) contract for Nigeria’s inaugural floating liquefied natural gas (FLNG) facility today. Reportedly, UTM Offshore, Technip Energies, KBR, and JGC Corporation will formalize the FEED contract in London. The project will automatically transition to the execution phase once the contract is finalized. The African Export-Import Bank (Afreximbank) disclosed in July 2022 that it had formalized a contract with UTM Offshore for financing a project preparation facility. Initiatives aimed at propelling the company’s FLNG project towards financial viability will receive partial funding from Afreximbank. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), previo...

Failure to reach agreement causes delays at COP 27

The magnitude of “loss and damage” inflicted by the catastrophic consequences of climate change worldwide is unmistakable, as stated by United Nations Secretary-General Antonio Guterres, and “all parties must demonstrate that they acknowledge it.” COP 27 President Sameh Shoukry and UN Secretary-General Antonio Guterres affirmed this during a collective address on November 17th. Their addresses highlighted the setbacks faced by COP 27 participants due to the inability of both developed and developing nations to come to a consensus regarding loss and damage as well as adaptation. Shoukry remarked: “Adaptation continues to be impeded by procedural issues; ambitious results on financing have yet to emerge, and regarding loss and damage, parties are hesitating to make the tough political cho...