(1/6) Here are 3 points made at the “Moving the Needle on African Fiscal Systems & Good Governance” panel session by Immanuel Mulunga MD, National Pertoleum corporation Namibia. (NAMCOR)
(2/6) 1. Without certainity you cannot attract capital. African Governments are comminting for limited exploration capital so if there is no regulatory certainity you drive away investment.”
(3/6) 2. Laws have been in existence for more than 25 years and there is a need to look at them again to see if there is a need for a change/ improvement so as to make them more relevant in a more economically stable environment. #AOW2019#OandoAtAOW
(4/6)
This idea has not been embraced by the Government but there is a realisation that to remain competitive as a country these changes must be made.
(5/6) 3. Namibia we believe was one of the 1st countries to implement black empowerment / local content in exploration. However we were smart enough not to legislate. Our belief is that legislation would make companies uncomfortable and may kill investments.
(6/6) In Namibia it is voluntary, but seen as good practice. We want our local industry to develop and we want them to be actively involved in the oil and gas sector and so encourage participation.
‼️ICYMI: In partnership with @republicjournal, we are accepting essays exploring the current state of Nigeria, patriotism & how Nigerian citizens can channel resources towards a more progressive future, ahead of #NigeriaAt60
Send an analytical and engaging essay of 800 to 1000 words that provides a progressive roadmap across the following lenses:
👉🏾 Culture & Society e.g. promoting our thriving cultural landscapes as sources of identity, representation & national pride.
3/ 👉🏾 Gender e.g. the key steps Nigeria must take to establish more gender-inclusive, progressive communities; the historical contributions of female leaders to the public sphere.
👉🏾 History e.g. the historical significance of Nigerian independence 60 years on.
Earlier today, our GCE, @AdewaleTinubu and Emeka Okwuosa, CEO @osltweets attended the flag-off ceremony for the construction of the Ajaokuta-Kaduna-Kano Gas Pipeline Project (the “AKK Pipeline”), by the President @MBuhari as a consortium partner #AKKProject
In 2018, following an extensive due diligence and bid process, the Oilserv-Oando PLC consortium was awarded the Engineering, Procurement, and Construction (EPC) mandate for segment 1 of the AKK Pipeline Project by the @NNPCgroup. #AKKProject
The project is a 614km section of the Trans-Nigeria Gas Pipeline (TNGP) with the capacity to transport about 2.2billion cubic feet of gas per day. It will boost domestic utilization of natural gas for Nigeria’s socio-economic development and will
1/ The pandemic has been very good for robots. Instead of putting humans at risk of contracting and spreading the virus to others, robots are rolled out in all sorts of arenas.
Here are a few examples of how the world is taking advantage of these technologies.
2/ In workplaces: Especially in Asia, robots are being used to check in on visitors and employees entering office buildings-taking temperatures, and reminding people to put on masks.
3/ In hospitals: Robots are being used to help disinfect rooms and corridors using UV light and to carry medical supplies around for workers. Hospitals in Belgium have begun using robots to help check in new patients and escort them through the hospital.
1/ Over the past few months in conjunction with our JV partners the Nigerian National Petroleum Corporation (NNPC) and Nigerian Agip Oil Company (NAOC), we have actively responded to the pandemic through medical and non-medical interventions.
2/ Last week, we commissioned an isolation facility aimed at providing critical infrastructure to curb the spread of #COVID19 within Delta State.
The facility is equipped with a capacity of 70beds, a pharmacy, X-Ray room, side laboratory, power generator, amongst other resources.
3/ Over the years, we have carried out sustainable initiatives in our host communities through various programmes, including access to quality healthcare. Over $130million has been invested executing ~340 projects in the four states where we operate (Bayelsa, Delta, Imo, Rivers)
1/ This year’s #WorldEnvironmentDay theme is “#Biodiversity”.
According to @UN Biodiversity is the foundation that supports all life on land and below water.
Changing, or removing one element of this web affects the entire life system and can produce negative consequences.
2/ As a company, we remain committed to a sustainable world which is reflected in our CSR initiatives. A few of these include the retrieval of ~5t of #plastic polluting the five cowry creek waterway, a commitment to #reducing, #reusing & #recycling our waste.
3/ Last year, we recycled 1373.7kg of waste with the intention to reduce these figures over time. We have also empowered over 38,550 farmers in over 120 communities with the aim of contributing to conservation & sustainable use of #biodiversity through agriculture.