The Department of Petroleum Resources has said it will continue to support oil and gas firms in the country to enable them to keep operating amid the impact of the coronavirus pandemic. The DPR, in a circular to operators and service providers over the weekend acknowledged their efforts in implementing stringent measures to contain…
Nigerian Agip Oil Company Limited (“NAOC”) has said that it had implemented far reaching measures to ensure safety of personnel and facilities in its operating and field locations prior to the nation’s lockdown due to the coronavirus pandemic. According to Agip, steps had been taken to ensure workers safety before the lockdown declared by…
The Nigeria National Petroleum Corporation (NNPC) has said that plans are underway to build medical infrastructural facilities Nationwide. This is not unconnected to the pressure on the nation’s poor health facilities accessioned by the ravaging coronavirus pandemic. According to NNPC, despite the supply chain constraints involved in simultaneous nationwide delivery and distribution of medical…
Alexander Mollinger is a petroleum engineer with fifteen years of upstream oil and gas experience in areas including asset management, commercial and M&A. Prior to helping found Discover Exploration, he was the commercial advisor to Cove Energy, where he guided the company through a monthlong bidding war and its sale to Thailand’s national oil company…
Following a recent announcement from PGS that they had completed the acquisition of 3D seismic on Angola’s Kwanza shelf, we spoke with Christine Roche, New Ventures Manager, who worked closely on the project. Christine has worked with PGS for 6 years building wide-ranging experience in New Ventures and Basin Studies. She has significant exposure…
The West African nation has adapted to current circumstances by going digital. On 10th April, the The Liberian Petroleum Regulatory Authority (LPRA), officially launched Liberia’s 2020 Licensing Round, with a follow-up online launch event on 15th April. Archie N. Donmo, Director General of the LPRA said: “This is a watershed moment for the country and…
The reoccurring attacks on oil pipelines across the country increased by about 50 per cent in January this year, even as Nigeria over $5.18billion from crude oil and gas export. Financial and operational details released yesterday, in Abuja, by the Nigerian National Petroleum Corporation (NNPC), showed that earning increase of 94.30 per cent above December…
The slump in crude oil prices in the global market has fuelled the need for Nigeria to stop crude oil exports and feed local refineries to boost the exports of refined products and supplies of fuel to industries, THISDAY has learnt. Following the dwindling oil revenue, analysts have also urged policymakers to target taxes…
The Nigerian National Petroleum Corporation (NNPC) has said the country might have to halt the production of oil if the prices of oil continued to fall consistently. Brent, the benchmark against which Nigeria’s oil grades are priced, plunged by $6.34 to $19.23 per barrel on Tuesday amidst falling demand and an unprecedented glut in the…
Despite the historic OPEC+ production cut deal, available oil storage capacity around the world is running thin as global oil demand continues to crumble amid lockdowns and travel restrictions in many countries. OPEC and its Russia-led allies promised to remove 9.7 million bpd from the market starting in May. But oil storage capacity may be full as…
