By Mordi chukwunonso Esther The Nigerian Agip Oil Company has said the explosions, which rocked an oil field in Bayelsa State last weekend, cut the Company’s oil production by 30,000 barrels daily.Multiple explosions last weekend rocked the oil facility operated by NAOC, the Nigerian subsidiary of the Italian multinational company Eni, and another facility belonging…
By Mordi chukwunonso Esther The Nigerian Security and Civil Defense Corps, NSCDC, has hinted that its preliminary findings shows that vandals were responsible for the multiple explosions which rocked Ikarama community. Last Monday, multiple explosions rocked oil facilities operated by the Shell Petroleum Development Company of Nigeria Limited, SPDC and the Nigerian Agip Oil Company,…
By Ikenna Omeje Italian energy giant, Eni, has released the 19th edition of the World Oil, Gas and Renewables Review – the company’s annual statistics report on oil, natural gas and renewable sources. According to a release on Friday, the company said: “The World Oil, Gas and Renewables Review aims to be a useful tool for…
By Ikenna Omeje Shell Nigeria, through its funded impact investing firm –All On — has awarded seven Nigerian renewable energy start-ups $10,000 each for demonstrating excellence in innovation, at the end of the Clean Technology Incubation and Acceleration Foundation (CTIAF) incubation program sponsored by All On. According to a release by All On, “These seven…
By Ikenna Omeje The Organisation of Petroleum Exporting Countries (OPEC) has projected that the global economy will grow by 4.4 percent in 2021. OPEC Secretary-General, Mohammad Barkindo, stated this at the 134th meeting of OPEC Economic Commission Board (ECB) convened via videoconference on Wednesday. The two-day meeting is being held in the lead-up to the 8th…
By Mordi Chukwunonso EstherOil bearing communities and stakeholders in the oil and gas sector have raised concerns over loopholes in the Host Community fragment of the Petroleum Industry Bill (PIB), stressing that unless Nigeria gets the legislation right, age-long challenges in the region may persist. This was disclosed by the stakeholders, who spoke at a…
By Mordi Chukwunonso Esther ….Innovatively executes PEARLs Quiz amid COVID-19 pandemic The leading Nigerian Independent energy company, Seplat Petroleum Development Company Plc (SEPLAT) in partnership with its Joint Venture (JV) partner, the Nigerian Petroleum Development Company (NPDC) has just concluded one of its distinguished educational, social programme for its host states of Edo and Delta…
By Ikenna Omeje Nigeria’s Independent, SEPLAT Petroleum Development Company, has reaffirmed its commitment to increasing the country’s energy security and boosting Nigeria’s gas to power initiative through deliberate significant investment in its gas business. The Chief Executive Officer of the company, Roger Brown, stated this when the Edo State Governor, His Excellency Godwin Nogheghase Obaseki,…
By Ikenna Omeje A Federal High Court judge, Justice Emeka Nwite, on Wednesday, November 18, 2020 jailed four illegal oil dealers, in Warri, Delta State. The four illegal oil dealers, namely: Jabu Kimidengiyefa, Price Ogun, Daniel Aghovwieokpo and Nice Bien were prosecuted by the Benin Zonal Office of the Economic and Financial Crimes Commission (EFCC)…
By Ikenna Omeje As part of an ongoing global review to identify cost efficiencies and improve long-term competitiveness, ExxonMobil will reduce its staff strength at its Canadian affiliates by 300, a release by the company said on Wednesday. “It is anticipated that up to 300 positions will be impacted by the end of 2021 across…