Despite Houthi Attacks, Oil Tankers Brave the Red Sea: A Balancing Act of Risk and Reward The Red Sea, a vital artery for global oil transportation, has become a hotbed of tension in recent weeks. Houthi militants, aligned with Iran, have launched attacks on vessels traversing the waterway, raising concerns about disruptions to oil flows…
Bayelsa Governor Urges Reevaluation of Privatized Oil Pipeline Contracts Bayelsa State Governor, Douye Diri, has warned that private individuals and groups should not be allowed to execute oil pipeline surveillance contracts, independent of the supervision of conventional security agencies in the country Bayelsa Governor’s Concerns on Oil Pipeline Contracts: Governor Douye Diri warns against assigning…
Ekperikpe Ekpo Commends Optimera Energy for Advancing Gas Distribution Infrastructure The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, praised Optimera Energy LFZ Enterprise for its significant contribution to the development of infrastructure for distributing Natural Gas to companies within the Lagos Free Zone. Speaking at the project’s flag-off ceremony, Ekpo applauded the visionary…
Cuba Implements Drastic 500% Fuel Price Surge: Economic Measures Unveiled to Tackle Crisis In a bid to address its economic woes, the cash-strapped Cuban government has announced a substantial hike of over 500 percent in fuel prices, effective February 1. The Minister of Finance and Prices, Vladimir Regueiro, revealed that regular gasoline prices will surge…
Dangote Refinery Readies for Production: Sixth Batch of Crude Oil Barrels Received from NNPCL Signals Operation Kick-off Dangote Refinery is gearing up for the production of refined petroleum products with the recent receipt of its sixth batch of crude oil barrels from the Nigeria National Petroleum Corporation Limited (NNPCL). This fresh delivery of one million…
New NCDMB Boss Visits NUPRC, NIACOM, Outlines Collaboration Opportunities
Fresh Oil Spill from NNPC Pipeline in Niger Delta A fresh oil spill from a pipeline operated by the NNPC Ltd has rocked K-Dere community in Gokana Local Government Area of Rivers State, devastating the environment and inflicting damage on the livelihood of the people in the area. The oil spill, which occurred five days…
Niger Delta: IYC President Calls for Increased Funding of Presidential Amnesty Programme President of the Ijaw Youth Council (IYC) Jonathan Lokpobiri, has advocated for an upward review of the allocation accruable to the Presidential Amnesty Programme (PAP) from the Federal Government’s purse. Lokpobiri who made this patriotic call on Monday in Abuja while on a…
Angola Quit OPEC to Sustain Oil Production above 1mb/D Angola quit OPEC because its quota limits hindered the country’s plans to stabilize crude production above 1 million barrels per day, mb/d, according to the country’s top oil official. The African nation’s December exit from OPEC came after the group imposed a much lower production limit….
President Tinubu Felicitates NNPCL GCEO, Mele Kyari, on Birthday President Bola Tinubu felicitates the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, as he marks his birthday on January 8. The President commends the diligence, passion, and expertise the foremost geologist brings to tasks as one of the…