OPEC Daily Basket Price Closes At $106.41 Per Barrel The Organisation of Petroleum Exporting Countries (OPEC) price of basket of thirteen crudes stood at $106.41 a barrel on Tuesday, compared with $104.85 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend…
NIMASA Donates Medical Equipment to Hospitals in Abuja The Nigerian Maritime Administration and Safety Agency (NIMASA) has donated medical equipment to some hospitals in the Federal Capital Territory (FCT) Abuja. Presenting the items, the Director General of NIMASA, Dr Bashir Jamoh who was represented by the Director Special Duties, Mr. Isichei Osamgbi, explained that the…
Kyari Accuses Religious Groups and Communities for Involving in Oil Theft The Group Chief Executive Officer of the Nigeria National Petroleum Corporation Limited (NNPCL), Mele Kyari, has blamed communities, religious groups and other vested interests involvement in oil theft in the country. Kyari stated this at the weekly Ministerial Media Briefing organized by the Presidential…
The Third Largest River in the world is Drying Up – As China suffers worst drought in more than 4 decades – Country’s manufacturing sector struggles from power outages Reports emanating from China have detailed the country’s struggle with one of the worst heat waves in recent history leading to its largest river, The Yangtze…
Benchmark in Europe Power Prices Reaches Above 1,000 Europe’s for the First Time Amid energy crisis in Europe, power prices broke above 1,000 euros on Monday in the region for the first time. Bloomberg reports that German baseload year-ahead power prices climbed as much as 6.6% to 1,050 euros ($1,053) per megawatt-hour during Monday’s trading…
Monjasa Joins as Bronze Sponsor of Africa Oil Week One of the world’s 10 largest marine fuel suppliers to attend AOW 2022 CAPE TOWN, South Africa, August 30, 2022/ — Africa Oil Week (AOW) (Africa-OilWeek.com) is proud to announce Monjasa as a Bronze sponsor of Africa Oil Week. The global partner in oil and shipping…
Marathon Oil to Drive Gas Narrative as AEW 2022 Silver Sponsor The US-based independent E&P company will consolidate its position in African energy by coming to African Energy Week 2022 as a silver sponsor. Representing the voice of the African energy sector, the African Energy Chamber (AEC) believes in the significant role natural gas will…
NNPC, Security Agencies Recover 35.8 Million Litres of Crude Oil, 22 Million Litres of Diesel from Vandals The Nigerian National Petroleum Company Ltd in collaboration with security agencies has recorded huge success in the fight against crude oil theft with the recovery of 22 million litres of stolen crude. This was made known by Group…
NLNG Awards 10 Overseas Post-Graduate Scholarships in 2022 Nigeria LNG Limited (NLNG) today in Port Harcourt awarded post-graduate scholarships to ten (10) Nigerians to pursue Masters degrees at universities in the United Kingdom. The scholarships were awarded at the 2022 NLNG Post-Graduate Scholarship Scheme (PGSS) Award Ceremony by Mr. Andy Odeh, NLNG’s General Manager, External…
APGN says DisCos debt to GenCos hits N2tn Dr. Joy Ogaji Executive Secretary, Association of Power Generation Companies, revealed that Distribution Companies (DisCos) owe Generation Companies (GenCos) N2trn debt. While speaking during the ‘Power Sector Dilemma: Issues, Challenges, Opportunities And Strategic Key Solutions’, she argued that the GenCos were not owed N500bn as being reported…