Mordi chukwunonso Esther The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari has has mourned the death of the pioneer Managing Director of the Corporation, Festus Remi Ayodele Marinho. In a statement on Tuesday, the NNPC’s Group General Manager, Group Public Affairs Division, Kennie Obateru, stated that Marinho, was the first and only…
Mordi chukwunonso Esther The Federal Government has set up plans to expand access to Liquefied Petroleum Gas (LPG), also known as cooking gas to rural dwellers, the Group Managing Director, Nigerian National Petroleum Corporation, Mr Mele Kyari has said. This was disclosed by the Group managing Director,Nigerian National Petroleum Corporation, Mr Mele Kyari on Wednesday…
By Ikenna Omeje The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC member countries, popularly called OPEC+, which is led by Russia, will reconvene in March “to take stock and examine oil market conditions and developments.” OPEC’s Secretary General, Mohammad Sanusi Barkindo, disclosed this on Tuesday while participating in the Atlantic Council Global Energy Forum via…
By Ikenna Omeje The domestic consumption of Liquefied Petroleum Gas (LPG), also known as cooking gas in Nigeria, exceeded one million Metric Tonnes in 2020 – the first time in the nation’s history, the Petroleum Products Pricing Regulatory Agency (PPPRA) has said. The Executive Secretary of the PPPRA, Abdulkadir Saidu, disclosed this in a statement…
Eni has improved its score to 4.5 out of 5 at the semi-annual review of the FTSE4Good Developed Index as of December 2020. This confirms Eni’s position in the top 5 of the oil & gas companies evaluated. According to a release by the company on Thursday, the Index measures the Environmental, Social and Governance…
President Muhammadu Buhari will on Jan. 21 virtually inaugurate the National Oil and Gas Excellence Centre, NOGEC, Lagos, as part of effort to boost the operations of the nation’s petroleum sector. The Head, Public Affairs, Department of Petroleum Resources, DPR, Paul Osu, made known in a statement issued on Monday in Lagos. The Director of…
By Ikenna Omeje A report by Rystad Energy has revealed that the global deal value of upstream mergers and acquisitions (M&A) activity in 2020 dropped to $87.9 billion, which is the lowest level in over a decade, largely due to the Covid-19 pandemic. According independent energy research and business intelligence company providing data, tools, analytics…
The Management of the Transmission Company of Nigeria (TCN), has disclosed plans to build a second National Control Center in Gwagwalada Area Council of Abuja, the Federal Capital Territory (FCT). This is arising from the need to create redundancy and in anticipation of further expansion of the grid and the power sector in general, The…
By Ikenna Omeje The Nigerian Electricity Regulatory Commission (NERC) has postponed indefinitely hearing on the petition filed by Benin Electricity Distribution Company (BEDC) against Asaba Distribution Limited over application for an Independent Electricity Distribution Network (IEDN) licence. The hearing, which is part of administrative remedies, is in accordance with the section 70 (2) of the Electric…
Mordi chukwunonso Esther According to trading and shipping sources, Nigeria has loaded a 700, 000 barrel cargo of oil from its newest field, Anyala West in Oil Mining Leases 83 and 85, and it is on its way to Northwest Europe. In a report by sweet crude report correspondent, Data intelligence firm, Kpler said the…