A group of major oil-producing countries on Monday called for a further reduction to their output until June amid the coronavirus fears. The oil producing countries while summing up their recent talks in Vienna, agreed that the coronavirus “is dampening global energy demand”. A committee that advises the 14 members of the Organisation of the…
Libya’s National Oil Corporation (NOC) on Monday said a refinery in western Libya has been shut down due to lack of crude oil. NOC said this was after losses resulting from a blockade on major oil facilities and ports have surpassed 1 billion dollars. The Zawiya refinery halted operations on Saturday after a valve was…
The Group Managing Director, Aiteo Eastern Exploration and Production Company Limited, Mr Victor Okoronkwo said robust fiscal framework was key to boosting investors’ confidence in the oil, gas sector. Okoronkwo disclosed this while delivering a goodwill message at the ongoing Nigeria International Petroleum Summit, in Abuja, on Monday. The theme of the summit is: “Widening…
***** Vows to Deepen Transparency in Operations The Nigerian National Petroleum Corporation (NNPC) has stated that it would expand its operational footprints across the globe, saying the move would enable the corporation boost its global profile. The Group Managing Director of the NNPC, Mallam Mele Kyari, disclosed this at the 3rd edition of the Nigeria International…
Remarks on NLNG’s Contribution to the Nigerian Economy at the Nigeria International Summit, NIPS 2020 in Abuja on 10th February, 2020 Protocols Distinguished ladies and gentlemen, standing on this podium today, I am fully assured that the annual Nigeria International Petroleum Summit is attracting the highest level of attention from industry players and relevant stakeholders…
The Group Managing Director of NNPC, Mallam Mele Kyari, says NNPC is focusing on expanding the Domestic Gas footprints, to support the Nation’s gas-to-power aspirations and industrialization, adding that the Nation’s oil corporation is also adding: “1.1bcf additional capacity to Escravos-Lagos Pipeline System thru the ELPS II Project; connection of gas from East-West thru OB3 is nearing…
MINISTERIAL ADDRESS BY THE HONOURABLE MINISTER OF STATE FOR PETROLEUM RESOURCES, CHIEF TIMIPRE SYLVA, AT THE LAUNCH OF THE NIGERIAN GAS TRANSPORTATION NETWORK CODE (NGTNC) Protocols It is with great pleasure that l extend a warm welcome to everyone here present, and specially the Stakeholders, t0 the launch of the Nigerian Gas Transportation Network Code…
During his outlook for the energy sector last month, the Minister of State for Petroleum Resources, Mr Timipre Sylva, declared that 2020 would be the year of Gas for Nigeria. To kick start this, the country is set to host the third annual Nigeria International Petroleum Summit (NIPS) from February 9 – 12, 2020 in…
•As govt seeks cost reflective tariff to facilitate mutual benefits to investors, consumers The Minister of Power, Engr. Sale Mamman, has said that the N1.684 trillion outstanding receivable owed the power generation companies (Gencos) is a key challenge in the sector, saying this is a major source of concern to the federal government. Mamman also…
A legal practitioner, Mr Bright Uche, has appealed to the Nigerian Electricity Regulatory Commission (NERC), Transmission Company of Nigeria (TCN) and Enugu Electricity Distribution Company (EEDC) to restore power supply to Afikpo community in Ebonyi. Uche on Sunday in Abuja said that Afikpo North and South had been without power supply for over five years….
