By Mordi Chukwunonso The federal government has made its intentions known to fix production cost of crude oil in Nigeria at $10 per barrel. The announcement was made by the General Managing Director of Nigeria National Petroleum Corporation , Mele Kyari, on Wednesday the 10th of June 2020, during the second webinar series by Nigerian…
By Ikenna Omeje The Federal Government has reportedly seized a private jet belonging to a former Minister of Petroleum, Dan Etete, over his involvement in corruption charges relating to the $1.1 billion for Oil Mining Lease 245. According to Financial Uncovered, the government had been on the trail of the Bombardier 6000 jet,…
By Ikenna Omeje The Federal Government, through the Rural Electrification Agency (REA) has commissioned two solar hybrid mini grids in two communities in Bayelsa State, Nigeria. The two solar hybrid mini grids are in the villages of Akipelai and Oloibiri, and have a total capacity of 134.64kW for both communities under the Nigeria Electrification Project…
Bounce back in China’s manufacturing sector points the way; other countries expected to follow as lockdown is lifted Latest in series of on-line ADIPEC Energy Dialogues hears it could be late 2021 before oil and gas markets recover to 2019 volumes OPEC+ supply constraints coming under pressure from US shale and indebted oil producers as…
Delta Corporation (DC). Delta has endorse a partnership with PEGIS Global Services Limited. Delta Corporation is a leading manufacturer of Wellhead and its related accessories, valves, actuator and flow control products with headquarters in Houston, Texas in United States of America. DC is the only state of the art innovative, smart manufacturing facility in the…
The Nigeria National Petroleum Corporation (NNPC) has raised yellow cards to all oil companies over cost of production. The Corporation flashed a $10 per barrel cost of production warning cards to all oil and gas producing companies in Nigeria. NNPC insisted that any company that refuse to cut down cost to this level will…
The management of the Nigeria LNG Company Limited has requested the Rivers State Government to grant it an approval for the movement of essential personnel to Bonny plant. The Managing Director, NLNG Limited, Mr. Tony Attah, who made the request during an official visit to the state governor, Mr. Nyesom Wike, said: “We continue to…
Pressure has continued to mount on the dissolution of Petroleum Products Pricing and Regulation Agency (PPPRA) as the Manufacturer Association of Nigeria (MAN) has described the Petroleum Products Pricing and Regulation Agency (PPPRA) as an aberration considering the role the agency has set to play in the current government so called deregulation regime of…
OPEC+ is spitting fire over the non-compliance of production cut by members as agreed couple of months back. This is not unconnected with the alarm raised in some quarters that Nigeria and Iraq are guilty of this non- compliance of the production cut agreement by members. Saudi Energy Minister Prince Abdulaziz bin Salman on Monday…
Shell, ExxMobil, Chevron and Vitol have all together sold six cargoes of crude oil to Indian Refineries yesterday. These six cargoes were part of the 35 outstanding Nigeria cargoes waiting to be picked by two Indian companies last week. Financial Energy Review leanrt that these cargoes are part of July spot trading programme that…
