Downstream oil sector deregulation designed to drive growth—Minister
The Minister of State for Petroleum Resources, Chief Timipre Sylva Thursday averred that the ongoing deregulation of the downstream oil sector was to ensure economic growth and development of the country. Giving further insights in Abuja, he said it was…
Chevron issues official statement decrying fake recruitment information
Chevron Nigeria Limited (CNL), operator of the NNPC/CNL Joint Venture, has officially distanced self and decried the circulation of false recruitment information posted by unscrupulous persons and organizafake recruitment informationtions in the name of CNL in several media and online…
Oil eases as Covid-19 fears offset gasoline recovery signs
U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 14 cents, or 0.3%, to $40.76 a barrel by 0229 GMT, after rising 0.7% on Wednesday. Brent crude LCOc1 futures slipped 7 cents, or 0.2%, to $43.22, after gaining 0.5% on…
Chevron reacts to false recruitment information
Chevron Nigeria Limited, operator of the NNPC/Chevron Nigeria Limited Joint Venture, has said it is aware of the circulation of false recruitment information posted by unscrupulous persons and organizations in the name of Chevron Nigeria Limited in several media and…
AEC unveils new energy jobs portal, pledges to up local content
In order to maximize the saving of local jobs and assist in the recovery of African energy markets after the Covid-19 crisis, the African Energy Chamber (www.EnergyChamber.org) and its partners have launched a free-of-access jobs portal for trained and qualified…
Atlas Petroleum Resumes Development of OML109 in Nigeria
OML 109 comprises 14 identified and mapped prospects and leads, and an un-risked resource potential in excess of 500 million barrels of oil equivalent LAGOS, Nigeria, July 6, 2020/ — Over the weekend, Atlas Petroleum International has resumed work over…
NNPC announces top-management level appointments, redeployments
The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen and reposition NNPC for greater efficiency, transparency and profitability in line with the Next Level Agenda…
Nigerian content intervention fund jumps to $350m
The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention Fund from US$200 million to US$350 million. The enlargement of the Fund by US$150 million was part of the…
EU travel bans hurting Oil & Gas industry growth in Africa—AEC
The leadership of African Energy Chamber (AEC), the umbrella oil & gas think tank group in the continent has frowned at the current blanket travel ban placed on key oil producing economies in Africa in view of their alleged poor…
Petrol stations rush to adjust pump price to N143.8 without claims of old stocks
Contrary to their usual delays and claims of old stocks when there was downward review of prices, petrol stations across Lagos State, Wednesday afternoon rushed to adjust upwards their respective petrol pump price within seconds of the announcement by the…
