Eroton Reports Fire at OML 18 Wellhead, Blames Incident on Vandalism Eroton Exploration & Production Company has reported fire at a wellhead at the Akaso field in its Oil Mining Lease, OML, 18 asset. The company said the incident, at the Cawthrone Channel operational area, occurred last weekend. Spokesperson of the company, Mercy Max-Ebibai, said…
CSOs Issues 14-Days Ultimatum to NNPCL, Security Agencies Civil Society Organisations in Rivers State have issued 14 days ultimatum to the Nigerian National Petroleum Company Limited, NNPCL and security agencies to solve the issue of fuel price hike in the state or face a full-blown protest. Chairman of CSOs in Rivers State, Mr. Enefaa Georgewill,…
Safe aviation Fuel for the future
Cabotage Fund: NIMASA Meets with Five Select Banks The management of the Nigerian Maritime Administration and Safety Agency (NIMASA) on Wednesday met with the representatives of Jaiz Bank, United Bank of Africa (UBA), Union Bank, Zenith Bank and Polaris Bank for the disbursement of the Cabotage Vessel Financing Fund (CVFF). The five banks have been…
Oil Slips as U.S. Inventory Rise Offsets China Hopes Oil slipped on Wednesday, adding to a decline in the previous session, as a rise in U.S. crude inventories and global recession worries edged out optimism for a demand recovery in China. Crude has rallied in 2023, with global benchmark Brent crude topping $89 a barrel…
Buhari Sets up 14 Man Committee for Supply and Distribution of Petroleum Products President Muhammadu Buhari has constituted a 14-man Steering Committee on Petroleum Products Supply and Distribution management to find lasting solutions to disruptions in the supply and distribution of petroleum products. The Steering Committee, which will be chaired by Buhari, has the Minister…
India becomes Largest Importer of Russian Crude India has become the largest seaborne importer of Russian crude in the wake of the EU ban on seaborne oil imports and subsequent G7 price cap for exports. According to Poten & Partners, a leading ship brokerage, consulting and business intelligence firm specialised in LNG, tanker and LPG…
Middle East Energy to bring together over 170 Countries for its 48th Edition of Global Energy Transition Leading energy industry event in the MEA region, Middle East Energy, will be making its anticipated return to Dubai World Trade Centre to guide energy transition conversations across the globe. The event, which is organised by Informa Markets,…
N1.9trn Road Construction Award to NNPCL a Policy Somersault – Azubuike A stakeholder and former Chairman of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Mr. Azubuike Azubuike, has described as policy somersault, the approval of the sum of N1.9 trillion to the Nigerian National Petroleum Company Limited for road reconstruction. Azubuike,…
U.S. Oil & Gas M&A Hit 17-Year Low; Big Firms Dominate Deals – Report Energy technology firm Enverus has reported that U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, with the volume of activity hitting its lowest level since 2005 as buyers became more choosy about asset…
