Author: Ikenna Omeje

Rivers Communities to Cripple Oil Production over Pipeline Surveillance Contracts. The Association of Niger Delta Upland Communities have vowed to cripple crude oil exploration and production activities in Rivers State, over the non-inclusion of people from upland communities as recipients of pipeline surveillance contracts. To this end, members of the group have begun picketing facilities…

NNPC Ltd. Makes Senior Management Changes In line with NNPC Ltd.’s commitment and drive for organisational renewal, anchored it’s business imperatives, standards of excellence, people development, and strengthening competencies and capabilities through broad-based leadership exposures, the company has announced the following executive appointments with immediate effect: Oritsemeyiwa Eyesan, Executive Vice President, Upstream, Olalekan Ogunleye, Executive…

Kyari says NNPC Retail Made N18.4 Billion in Q1/2023 from OVH Acquisition Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) has said that NNPC Retail made N18.4 billion in the first quarter of 2023, after acquiring OVH Energy in 2022. Kyari said this while addressing the House of…

PDVSA Values Citgo at Between $32 and $40 Billion Venezuela’s state oil major PDVSA has valued its U.S.-based downstream subsidiary Citgo at between $32 and $40 billion, Reuters has reported, citing a court hearing. The hearing precedes a planned share sale for Citgo in a bid to settle its massive debt load, estimated at some…

OPEC Daily Basket Price Stood at $94.09 a Barrel Tuesday The price of OPEC basket of 13 crudes stood at $94.09 a barrel on Tuesday, September 12, 2023, compared with $93.12 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes, ORB, is made up of the following: Saharan Blend (Algeria),…