Oil Prices Declines as Supply Grows Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5% to a four month-low on Thursday on worries over global demand. Brent futures edged up 7 cents, or 0.1%, to $77.49 a barrel at 0702 GMT. U.S. West…
Accugas Awards Scholarship to 50 Students in Akwa Ibom Accugas Limited, the midstream subsidiary of Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, is pleased to announce that it has granted full university education scholarships to 50 students from Akwa Ibom State through the Savannah Energy Education…
Ghana Petroleum Commission Chief says more Flexible Oil Royalties Regime to Spur Investment Ghana plans to introduce a more flexible oil royalties regime as soon as next year to spur investment and reduce risk for energy companies, the head of the state oil sector regulator said on Thursday. Egbert Faibille Jr, CEO of Ghana’s Petroleum…
Worldstage Economic Summit 2023: Stakeholders Strategises for Power Success Pioneer and successful players in startup businesses have unanimously advised that success could only come in the way of upcoming entrepreneurs through passion and perseverance than the desire to get rich quick. They gave the advice on Thursday at the breakout session on the WorldStage Economic…
SNPC Hosts The 5th Meeting Of APPO Noc Ceo’s In Brazzaville: A Pivotal Day Of Commitment And South-South Collaboration Société Nationale des Pétroles du Congo (SNPC) is proud to have hosted the 5th edition of the meeting of CEOs of national hydrocarbon companies of the African Petroleum Producers Organization (APPO), on November 16, 2023 in…
NDPHC Decries Low Invoice Payment for Energy Generated The Managing Director and Chief Executive Officer of Niger Delta Power Holding Company Limited, (NDPHC), Chiedu Ugbo, has decried low invoice payment for energy generated. The GenCo is owed over N180bn debt. According to Ugbo, huge indebtedness had impacted on the speed at which the company would…
Okwuosa Canvases for Increased Support from Afreximbank to African EPC Firms To improve on infrastructural development as well as reduce capital flight, Chairman/GCEO of Oilserv Group, Engr. Emeka Okwuosa, CON, has called on the African Export-Import Bank (Afriximbank) to increase financial support for African companies providing Engineering, Procurement and Construction (EPC). He made the call…
Seplat CEO Calls for Repositioning of Energy Industry in Africa The CEO of Seplat Energy, Roger Brown, has called for repositioning of the energy industry in Africa for the future. He noted that Africa needs to become much more efficient with its energy resources, adding that countries within the continent have to understand the critical…
328bn Worth of Oil Revenue Has Been Lost Since Shell’s Exit from Ogoni – MOSOP The Movement for the Survival of Ogoni People (MOSOP), has said that since Shell’s exit from Ogoni, Rivers State, at least 6.4 billion barrels of oil conservatively estimated at $328bn had been lost due to wrong approaches deployed by the…
Wabote Pushes for Increased Oil, Gas Production to Avert Importation for Refineries The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has stressed the need for the country to reverse the current low oil and gas production to avoid a situation where Importation will become an alternative for feedstock…