What oil giants need to know to keep resilient energy assets amidst pandemic
In this time of depressed oil Prices and raging scourge of COVID-19, most economic analysts and energy asset operators now agree that 2020 could see negative demand growth for oil globally as industries shut down and countries around the world…
How COVID-19 pandemic is terrorising Africa’s oil & gas revenues
African governments set to see decline in revenues; Exploration projects put on hold; Thousands of local jobs at risk if nothing is done. While the short-term effects of Covid-19 on world economies are already being felt and put millions in…
Gas Monetization Drive in Côte d’Ivoire excites African Energy Chamber
Côte d’Ivoire is establishing a new energy leadership in West Africa following several initiatives taken to monetize natural gas across power generation and public transport. In a region rich in natural gas, such initiatives are driving Côte d’Ivoire’s energy transition…
Why heads can’t roll on three-straight-year losses posted by NNPC
The revelation that Nigerian refineries lost about N377bn in three straight years has continued to elicit reactions from business intelligence experts. Official figures obtained from the Nigerian National Petroleum Corporation (NNPC) have made it clear that Nigeria’s ailing refineries lost…
COVID-19 may further derail oil licensing round bids this year
Strong indications are rife that the planned oil and gas licensing round bids planned to hold this year may not be a reality after all. Before now, both the Minister of State for Petroleum Resources, Chief Timipre Sylvia and the…
NNPC silent on reviving refineries in Q1, gives stats on lube, fuel, others
Since the beginning of the first quarter of 2020, which is winding up in few days, the Nigerian National Petroleum Corporation (NNPC) had not given any clear update to Nigerians on the repair status of each of the national refineries….
Heaps of prepaid meter applications rot at Discos—Report
A new report released by Business Hilights Intelligence Unit (BHIU) on Sunday, 22 March 2020, has shown that contrary to the claims of Nigerian Electricity Distribution Companies (Discos) and Association of Nigerian Electricity Distributors’ (ANED) that they have been fastening…
Oil on seeming recovery as Trump intervenes in Saudi-Russia price feud
Oil extends recovery as Trump hints at intervening in Saudi-Russia price war – Oil prices recovered further on Friday, following steep gains in the previous session after U.S. President Donald Trump hinted he may intervene in the price war between…
Chevron Nigeria denies COVID-19 infection of staff in Nigeria
Leading oil and gas exploration multinational, Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation and CNL has made it clear that none of its employees has contracted the COVID-19 (Coronavirus) infection. In a…
N1.7tn 2019 subsidy would have built 5,000MW plant, refinery, industrial parks—SPE
The Society of Petroleum Engineers (SPE) has argued that the N1.7tn spent by the Federal Government on petrol subsidy in 2019 was enough to fund the generation of 5,000 megawatts of power, construct two petrochemical plants or build two industrial…
