Oil Rises on Tight U.S. Stocks as Winter Blast Hits Oil prices climbed for a fourth straight day to hit their highest in two and a half weeks on Thursday with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States. Brent crude futures were 32…
Russia, Iran, Pump $20bn in New Trade Route to Evade Sanctions Russia and Iran, which have grown closer in recent years, have joined forces to avoid Western sanctions on their exports by building a new waterway-railway route from Russia-occupied territories in Ukraine to the Islamic Republic’s southernmost ports. Russia and Iran, united by their increasingly…
We will pull gas market out of Netherlands if price cap sustains – ICE cautions Intercontinental Exchange has warned the European Union that it might withdraw its gas trading market from the Netherlands if it goes ahead with its plan to impose a price cap. The ominous threat came as tensions among EU ministers rose…
Corruption Accusations Could Threaten Gas Deals, Qatar Warns EU Qatar has condemned Belgium’s corruption investigation and the suspension of the Gulf state’s access to the EU parliament, saying it could “harm” relations and natural gas supplies. A Qatari diplomat issued a statement criticising Belgian authorities and claiming that “inaccurate” information was used. Eva Kaili, a…
NCDMB, Waltersmith Notch Wien’s Gender Diversity Award Leading gender capacity advocacy group, Women in Energy Network has awarded the Nigerian Content Development and Monitoring Board (NCDMB) AND Waltersmith Petroman its prestigious gender diversity awards. WIEN named the NCDMB the Most Gender Inclusive Agency in 2022 at its premier end-of-year party and award night, where it…
Evaluating Palmeron’s blues in the OML 130 drilling campaign tender By Oluwaseun Adeoti The Nigeria’s oil and gas industry is witnessing some kind of disquiet stemming from procurement process in the award of contract for the provision of drillship for TOTAL E&P OML 130 Drilling Campaign TENDER NO DW00001997. Mr Christopher Palmer, the Chief…
Oil Prices Raise over $2 on Drawdown in U.S. Crude Stocks Oil prices rose by more than $2 on Wednesday after data showed a larger-than-expected draw in U.S. crude stockpiles, but gains were capped by a snowstorm that is expected to hit U.S. travel. Brent crude futures for February delivery were up by $2.23, or…
NEPZA, FTZs’ Stakeholders Task FG on Private Sector-Led Infrastructure for Lekki Corridor The Nigeria Export Processing Zones Authority, NEPZA, and a cross section of Free Trade Zones’ stakeholders have said the Federal Government would conserve huge resources if it allowed the private sector to drive the development of logistics infrastructure for the Lekki business corridor….
Wike Blames Oil Theft on Poor Welfare for Fallen Heroes Rivers State governor, Nyesom Ezenwo Wike says security agencies aide oil theft and illegal oil bunkering business unabashedly in the country because there is no standing welfare funds for legionnaires. To this end, the governor has charged the federal government should set up a standing…
NCDMB Marks Year-End, Rewards Staff for Long Service It was a night of colour and revelry at the Nigerian Content Towers, Yenagoa, Corporate Headquarters of Nigerian Content Development and Monitoring Board (NCDMB), as Management, staff and guests rollicked and carolled to close the year 2022. All attired in white, with few exceptions among guests, the…
