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,…
Following study of technical evidence from Springfield E&P (SEP)’s West Cape Three Points 2 (WCTP2) License and Eni’s Offshore Cape Three Points (OCTP) License offshore Ghana, the Government of Ghana has declared earlier this year that the Afina-1x Cenomanian reservoir and the Sankofa Cenomanian reservoir are “one and the same”. This conclusion calls for…
It has come to the attention of the Ministry of Interior, the Nigerian Content Development & Monitoring Board (NCDMB) and the Department of Petroleum Resources (DPR) that Manpower Supply Companies that have been issued Statutory Oil and Gas Industry Service Permits by the DPR to supply ‘Nigerian Professionals Only’ are engaged by operators and contractors to…
Organization of the Petroleum Exporting Countries (OPEC) is looking for a Nigerian with relevant qualification to head the organization’s information department. HEAD, PUBLIC RELATION AND IMFORMATION Coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum…
Ten days to the end of June contract, oil price has inched down by 2.4 percent about $1 a barrel. This slide down may be blame over the fear of another spikes from convid-19 as countries ease lockdowns. This slid is also attributed to the persistent glut combined with production cut from major world…
