Russian Energy Minister Alexander Novak held a phone conversation with Saudi Energy Minister, Crown Prince Mohammed bin Salman al-Saud, during which they confirmed commitment to oil market stability and balance restoration, the Russian Energy Ministry said on Wednesday. Iran Press/ Europe: “After the negotiations, the two sides confirmed in a joint statement that Russia and Saudi Arabia…
By Ikenna Omeje The Russian Energy Minister, Alexander Novak, on Wednesday, held a phone conversation with his Saudi Arabian counterpart, Abdulaziz bin Salman Al Saud, in which, both expressed commitment to oil market stability and maintaining oil price balancing, Iran Press reports. A statement by Russian Energy Ministry said, “After the negotiations, the two sides…
By Ikenna Omeje The Department of Petroleum Resources (DPR), has issued a disclaimer on a document circulating on various websites and social media platforms, on the farming out of marginal fields operation in the country, calling it fake. In the disclaimer issued on Tuesday, the Nigeria’s oil industry regulatory agency, said that the document titled,”…
By Ikenna Omeje Eni, the owner of the subsidiary, Nigeria Agip Oil Company (NAOC), invested 33.4 million euros in human capacity development of its workforce in 2019. The company disclosed this in a release sent to Majorwaves on Wednesday, on its 2019 sustainability report titled,” Eni for — A just transition 2019″. The company said…
The Petroleum Technology Association of Nigeria (PETAN) has commended the Minister of State for Petroleum Resources, Chief Timipre Sylva, for working tirelessly, with the support of Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, to bring hope to the indigenous service companies in ensuring that all hurdles impeding the award of…
The Nigerian National Petroleum Corporation (NNPC) Tuesday in Abuja announced that its Downstream subsidiary Company in charge of bulk sales and distribution of petroleum products, Petroleum Products Marketing Company (PPMC), recorded ₦211.62billion sale of white products in February 2020. A release by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, explained…
The lockdown measures appear to have been successful in lowering the spread of coronavirus infections in the extraction zones. However, there are strong indications that the existing environmental conditions in the Niger Delta have created the unfavourable conditions for the spread of the pandemic. Space for Change said that pre-existing problems of environmental pollution,…
Egbin the nation’s biggest power plant, Geregu, Omotosho, Ihovbor among others experienced reduction in power output as a result of gas shortage. The other plants were Olorunsogo, Delta, Geregu II, Sapele II, Olorunsogo II, Omotosho II, Ihovbor II, Okpai IPP and Trans-Amadi IPP. The nation’s 27 plants generated a total of 3,471.6 megawatts as of…
Chevron Nigeria, one of the IOCs is set to offer it’s Nembe Brent at a discount and this is expected to be an attraction to Indian Refiners. As a result the Indian Refiners are moving in to mop up some Nigerian crude oil Cargoes. Chevron was offering June-loading Nemba at dated Brent minus 70 cents…
NIGERIAN Content Development and Monitoring Board (NCDMB) says it is intensifying efforts to monitor and evaluate activities toward identifying operators involved in illegal deployment of expatriates in the oil and gas sector. The NCDMB, in a statement issued on its Twitter account on Tuesday and obtained by the News Agency of Nigeria (NAN) in Lagos,…
