Ministers from major oil-producing countries are gathering in Vienna on Thursday to bridge divisions over their output strategy next year, when demand for oil from the Organisation of the Petroleum Exporting Countries (OPEC) is expected to fall. Oil ministers from the 14 OPEC countries will try to draw up a strategy on Thursday at the cartel’s…
The Private sector collaboration with government on renewable energy is the fastest way to jump start Nigeria’s economy, a Power Electronics Specialist, Mrs Peace Ibe, has said. Ibe, who is the Director, Nexgen Energy and Allied Service Limited, stated this in Ibadan on Thursday. “Nigeria can indeed become a 24-hour economy, if we maximise the…
The Department of Petroleum Resources (DPR), Eket Field Office, has sealed the Nigerian National Petroleum Corporation (NNPC) filling station in Uyo for discharging petroleum products while selling the products to motorists. The Operations Controller of DPR in Akwa Ibom, Mr Tamunoiminabo Kinsgley-Sundaye, disclosed to this Journalists while on routine surveillance in Uyo on Thursday. He…
OPEC and its allies led by Russia on Thursday were moving closer to agreeing one of the deepest output cuts this decade to support crude prices and prevent a glut, sources from OPEC said. The Organisation of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna and with Russia and others, a grouping known…
The Department of Petroleum Resources (DPR) has promised to make efforts aimed at ensuring that its consumers have adequate supply of petroleum products during the upcoming Yuletide. The DPR operations controller in Abia , Mr Austin Iheji, said this in Umuahia on Thursday. Iheji said that the DPR was embarking on an inspection of petrol stations in…
The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja reported an oil pipeline fire outbreak along Atlas Cove-Mosimi Pipeline, otherwise, called System 2B pipeline in Baruwa Swamp area of Lagos. The corporation said preliminary reports of the incident indicated that the pipeline might have been torched by act of vandalism of suspected oil thieves who had hacked…
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote, says Seplat Petroleum Development company Plc has not broken any law by its appointment of Mr. Roger Brown as CEO-Designate to replace current CEO, Mr. Austin Avuru. He said this at the ongoing 9th Practical Nigerian Content Conference hosted by the NCDMB…
… Says Operations Will Not be Impacted by Lagos Pipeline Fire Incident The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja reported an oil pipeline fire outbreak along Atlas Cove-Mosimi Pipeline, part of the System 2B pipeline in Baruwa Swamp area of Lagos. The corporation said preliminary reports of the incident indicated that the…
(L-R) GMD, Aiteo Eastern Exploration & Production Co. Ltd., Victor Okoronkwo; Executive Secretary, NCDMB, Engr. Simbi Wabote; Minister of State for Petroleum Resources, Chief Timipre Sylva; NLNG MD, Tony Attah; Emmanuel Uleh, Head, NC Compliance Assurance & Monitoring, NLNG The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, yesterday,…
OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year. The Organisation of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna followed by a…
