Crude Oil Theft: NNPC Security Partner Intercepts 800,000 Litre Crude Headed for Cameroon Nigerian National Petroleum Company Limited has said that its security partner, Tantita Security Services Limited, has intercepted an 800,000-litre capacity vessel loaded with stolen crude. In a July 10 statement signed by Garba Deen Muhammad, the Chief Corporate Communications Officer at NNPC…
Seplat Energy, CEO shine at the 2023 Excel Africa Awards Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE) has emerged as winner of the ‘Excellence in Energy Leadership Company of the Year 2023’ award at the Excel Africa Excellence in Corporate…
NLNG, Rivers State Government Renews Commitment to Development Nigeria Liquefied Natural Gas, NLNG, and the Rivers State Government have renewed their commitment to developing healthcare and infrastructure in the State. During a courtesy visit to the Executive Governor of Rivers State, Sir Siminalayi Fubara, NLNG’s Executive Management, Dr. Philip Mshelbila, Managing Director and Chief Executive,…
NCDMB, NLNG to Launch Local Content Opportunities on E-Marketplace …Affirms Board’s mandate to support local companies The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited are collaborating to roll out tender opportunities from the gas production and processing company on the Oil and Gas E-Market Place, thereby implementing a key provision…
NNPC, SNEPCo Deliver Free Eye Screening, Surgeries … 4,647 benefit in Lagos Island communities Over 4000 residents of Lagos Island communities enjoyed free eye care services at the just concluded Vision First Initiative of the Shell Nigeria and Exploration and Production Company of Nigeria Limited (SNEPCo) and its partner, Nigerian National Petroleum Company (NNPC). The weeklong programme…
Libya’s Oil Revenues Sink to $6.95 billion in H1 2023 Libya’s revenues from crude oil in the first half of the year fell to $6.95 billion (33.4 billion Libyan dinars)—down from 37.3 billion dinars in H1 2022, according to a Thursday statement from Libya’s central bank. Libya’s crude oil production in the first part of…
Saudi Arabia’s Latest Oil Price Hike has Sapped buyer Appetite At least four buyers of Saudi crude oil from Asia and Europe have changed their plans for future orders after the kingdom announced its latest price hike, Bloomberg has reported, citing unnamed sources. Earlier this week, Saudi Arabia said it would increase the Dubai/Oman premium…
Shell Expects Significantly Lower Earnings from Gas Trading Shell expects its gas trading business to have been significantly lower in the second quarter, compared to a strong first quarter, due to seasonality and fewer optimization opportunities, the UK-based supermajor said in its second quarter 2023 update note on Friday. Shell anticipates the second-quarter contribution of…
Aret Adams 20th Memorial Lecture Canvases Critical Action on Reviving Nigeria’s Petroleum Industry Speaking at the 20th Aret Adams Memorial Lecture with the theme: “Critical Actions to Revive Nigeria’s Petroleum Industry for National Development,” the Chairman of Aret Adam Foundation, Engr. Charles Osezua stated that the theme was chosen against the background of an election year, with declining production…