By Ikenna Omeje Nigeria is set to benefit as global crude oil demand is set to rise to 104 million barrels per day by 2026, up 4 percent from 2019 levels, according to a report by the International Energy Agency (IEA). In Oil 2021, the IEA’s latest annual medium-term market report, the global energy watchdog said that…
Mordi Chukwunonso Esther The Department of Petroleum Resources (DPR) has identified six key areas of operational excellence for Nigeria’s oil and gas industry, urging Stakeholders to build a culture in these specific areas. Mr Sarki Auwalu, Director, DPR, disclosed this on Thursday, during his keynote address at the 2021 Oloibiri Lecture Series and Energy Forum (OLEF)….
By Ikenna Omeje The Court of Milan, Italy, has fully acquitted all charges against Eni – owner of the Nigerian Agip Oil Company (NAOC), its Chief Executive Officer and the top managers of the company over the transaction of the Nigeria’s Oil Prospecting Licence (OPL) 245. Eni and Shell have been on trial for allegedly…
By Ikenna Omeje The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, has said that women in the national oil company have been central to its operations and by extension, some of its success stories. He noted that women have helped to transform the corporation into a world class company…
Ship owners and Master Mariners have praised the Nigerian Maritime Administration and Safety Agency (NIMASA), and the Nigerian Navy for securing the Lagos anchorage area and ensuring that there has been no pirate attack after the cancelation of the OMSL Contract by the Federal Government about two months ago. President Muhammadu Buhari recently cancelled the…
By Ikenna Omeje The Organization of Petroleum Exporting Countries (OPEC) crude, also known as OPEC Reference Basket (ORB) of 13, gained 12 percent, or $6.67, to average $61.05 per barrel in February – the highest value since January 2020. The ORB is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro…
Daniel Terungwa The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh has restated the agency’s unflinching support for women in the maritime sector. Jamoh made this known during a courtesy visit by female cadets of the National Seafarers Development Programme (NSDP),as part of activities to commemorate the International Women’s…
By Oke PeterA New Conference for Energy Human Resources Leaders. Registrations Now Open for LEAP HR: Future EnergyAs the attention of international governments, businesses and communities shifts towards an environmentally sustainable future, the time is now for energy firms to play a more significant role in leading the global energy transition. The key to adapting to…
Daniel Terungwa Lagos State Special Traffic Management Enforcement Team, has said it has uncovered scandal involving counterfeiting of call up tickets, tagged; “Eto” by truck drivers and owners. This comes in less than two weeks after Nigerian Ports Authority, NPA, commenced the new electronic-call Up System into the administration of port operations to ease gridlock…
Mordi Chukwunonso Esther Regional and global business leaders, policy makers and government representatives throughout the energy sector convened at the Asia Pacific Energy Week to discuss regional challenges and opportunities. The 2-day virtual event, Themed ‘Shaping the Energy of Tomorrow’, Held from March 9 to 10, 2021 saw more than 2,500 participants actively engage in the discussions, opinion…