The country's petroleum ministry says the ban will increase the amount of cooking gas for the domestic market, which will automatically reduce the price of the product.
Related story: Shell successfully conducts first remotely controlled well completion offshore Nigeria
The move follows recommendations from a 2012 report that suggested the elimination or merger of some 220 of more than 500 government agencies.
Related story: Nigeria to merge, scrap, government agencies to trim costs
Inflation in Nigeria soared to 29.9 percent in January, the highest mark in nearly 30 years. Food costs, which rose at an average rate of 35.4 percent in the same month, are the main driver of the rising cost of living.
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Nigeria unveils big rate hike as hardship prompts worker protests
No official statement has been made by the Nigeria Football Federation (NFF) over the cancellation of the high-profile friendly game slated for March 26, 2024, in Los Angeles, USA.
According to BBC Sport reporter, Oluwashina Okeleji, the cancellation was a result of the short time to process visas for the Nigerian delegation.
Okeleji stated that the US organisers of the game have already drafted in Costa Rica as replacement for the Eagles.
The friendly game between the Eagles and Argentina was initially scheduled to hold in China but was cancelled.
The game was cancelled after Lionel Messi failed to appear in a friendly game between Inter Miami and an Hong Kong Selected XI.
He received a lot of backlash from fans who had to be refunded by the organisers of the game.
The former Barcelona captain explained that he sustained an injury, hence his absence from the game.
Related stories: Argentina to play Nigeria in the US, replacing China tour
Shell Nigeria Exploration and Production Company (SNEPCo) has successfully completed the first remotely controlled well completion operation offshore Nigeria.
The operation was performed at the Bonga field, in 1,060 m water depth. The well completion operation was performed utilizing a Remotely Operated Controls System (ROCS) that has been supplied by Norwegian technology company Optime Subsea.
Optime Subsea's ROCS eliminates the need for both the umbilical, which traditionally connects the surface to the seabed for controlling the tubing hanger in subsea well completions, and the topside hydraulic control unit. This innovation not only cuts costs but also significantly reduces the amount of deck space required for these operations.
“We are very pleased with the performance of the ROCS. It means that we can perform well completion operations quicker, at lower cost, and with substantially lower CO2-footprint compared to conventional systems,” says Justus Ngerebara. Lead Well Engineer at SNEPCo.
Last year, SNEPCo took delivery of its first ROCS from Optime Subsea and have worked closely with Optime Subsea to integrate the system into its operations.
Using a ROCS means that operators can cut approximately 50 tonnes of equipment from their offshore transportation list, which means substantially lower CO2-footprint. It also means reduced operating time and less HSE exposure on the drill floor. In total, it reduces both CAPEX and OPEX for operators.
Optime Subsea has performed multiple ROCS operations in the North Sea and Gulf of Mexico, but this was the first in African waters. The operation was led by Optime Subsea’s operation in Nigeria, supported by personnel from the company’s headquarter in Norway.
“To be able to free up valuable deck space immediately after the operation, through shipping the ROCS to shore, is a significant advantage for the rig operator. We are delighted to bring this technology to Nigeria and very grateful for SNEPCo’s innovative and ambitious approach to subsea well completion operations,” says Rodger Hooker, Chief Service Officer at Optime Subsea.
Optime Subsea has offices in Notodden, Norway; Houston, Texas; and Lagos, Nigeria. Over the past decade, the company has established itself as a leading specialist on subsea intervention and controls systems globally.
ROCS details. When completing subsea wells, the tubing hanger is placed on top of the wellhead, as a seal towards the rest of the subsea well.
Normally the tubing hanger is controlled through a dedicated hydraulic umbilical which adds a large 20-30 ft control container. When running the umbilical, it is also clamped to the tubing for increased stability.
ROCS replaces these operations by remotely controlling a controls unit toward the wellhead. This allows for safer, simpler and more efficient operations.
ROCS is mobilized in a single basket, prepared and made up onshore, allowing it to be ready to run immediately when offshore, from a rig. Avoiding mobilization of 50 ton + of topside equipment
The ROCS is 100% universal and can be applied to any type of subsea well.
