Angola making smarter steps in oil and gas than Nigeria?
The Angola Oil & Gas (AOG) Conference & Exhibition 2020 – organized by Africa Oil & Power (AOP) and endorsed by the Ministry of Mineral Resources and Petroleum – has secured the endorsement of major international companies including Total, Baker…
Update: NNPC clears the air, says Abule Ado Explosion from gas cylinder
…GMD Heads to Lagos to assess damage The Nigerian National Petroleum Corporation (NNPC) Sunday evening said that the reported explosion which rocked Abule Ado Area of Lagos State in the early hours of the day was as a result of…
To rescue global oil prices, Nigeria, others agree on 1.5 million barrels cut at Vienna
Strong indications have emerged suggesting that Nigeria and other members of the Organisation of Petroleum Exporting Countries (OPEC) agreed to cut oil production by additional 1.5 million barrels per day in the second quarter of 2020 to prop up prices….
NCDMB, Shell seal fresh deal on Gas Facility at Polaku, targets 30,000 jobs
As part of its capacity expansion drive, the Nigerian Content Development and Monitoring Board (NCDMB) has signed an agreement with Shell Nigeria Gas (SNG) for the lease of one hectare of NCDMB’s land at Polaku, Bayelsa State, for the development…
Nipco lists four anti investment forces in CNG sub-sector
Managing Director of leading player in Compressed Natural Gas (CNG) subsector, Nipco Gas Limited, Mr. Sanjay Teotia has identified lack of access to land, paucity of infrastructure, inappropriate pricing, and non-existence of a regulating agency as the key drawbacks against…
Bad foreign engine oil products forced NNPC to launch lubricants—Okoye
The Managing Director, NNPC Retail Limited, Mr Billy Okoye has given further insights as to why the company embarked on producing world class lubricants for vehicles and engine use in Nigeria. Speaking in an interview shortly after the unveiling of…
‘NSCDC method of disposing seized petroleum products degrades environment’
The crude way and manner officials of the Nigeria Security and Civil Defence Corps (NSCDC) usually dispose confiscated petroleum products in parts of Niger Delta have been adjudged as causing more harm than good to the environment. The Senior Programme…
Just in: OPEC defies COVID-19, begins meeting to rescue oil prices in Vienna
At a time several world public gatherings are beginning to take serious caution in either postponing or outright cancellation, the OPEC ministers few hours ago, defied the concern about Covid-19 and kicked off its make or mar crucial meetings in…
Use your 40% share to meter all Nigerians, Sahara Power Group tells FG
Group Managing Director, Sahara Power Group, operators of the 1,320-Megawatt (MW) Egbin Thermal Plant in Lagos, as well as the Ikeja Electric (IE), Kola Adesina has advised the Federal Government to use its prevailing 40% share in the Disco concession…
Oil prices jump on OPEC cut move as demand overrides COVID-19 fears
Oil prices rose for a second day on Tuesday on expectations that central banks are likely to enact financial stimulus to offset the impacts of the coronavirus outbreak and growing optimism that OPEC will order deeper output cuts this week….
