Bounce back in China’s manufacturing sector points the way; other countries expected to follow as lockdown is lifted Latest in series of on-line ADIPEC Energy Dialogues hears it could be late 2021 before oil and gas markets recover to 2019 volumes OPEC+ supply constraints coming under pressure from US shale and indebted oil producers as…
Delta Corporation (DC). Delta has endorse a partnership with PEGIS Global Services Limited. Delta Corporation is a leading manufacturer of Wellhead and its related accessories, valves, actuator and flow control products with headquarters in Houston, Texas in United States of America. DC is the only state of the art innovative, smart manufacturing facility in the…
The Nigeria National Petroleum Corporation (NNPC) has raised yellow cards to all oil companies over cost of production. The Corporation flashed a $10 per barrel cost of production warning cards to all oil and gas producing companies in Nigeria. NNPC insisted that any company that refuse to cut down cost to this level will…
The management of the Nigeria LNG Company Limited has requested the Rivers State Government to grant it an approval for the movement of essential personnel to Bonny plant. The Managing Director, NLNG Limited, Mr. Tony Attah, who made the request during an official visit to the state governor, Mr. Nyesom Wike, said: “We continue to…
Pressure has continued to mount on the dissolution of Petroleum Products Pricing and Regulation Agency (PPPRA) as the Manufacturer Association of Nigeria (MAN) has described the Petroleum Products Pricing and Regulation Agency (PPPRA) as an aberration considering the role the agency has set to play in the current government so called deregulation regime of…
OPEC+ is spitting fire over the non-compliance of production cut by members as agreed couple of months back. This is not unconnected with the alarm raised in some quarters that Nigeria and Iraq are guilty of this non- compliance of the production cut agreement by members. Saudi Energy Minister Prince Abdulaziz bin Salman on Monday…
Shell, ExxMobil, Chevron and Vitol have all together sold six cargoes of crude oil to Indian Refineries yesterday. These six cargoes were part of the 35 outstanding Nigeria cargoes waiting to be picked by two Indian companies last week. Financial Energy Review leanrt that these cargoes are part of July spot trading programme that…
…hails Nigerian Content Accomplishments The Minister of State for Petroleum Resources, Chief Timipre Sylva on Tuesday in Abuja inaugurated the new Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB), with a charge to the members to support the attainment of the Nigerian Content 10-Year Strategic Roadmap. He stated that accomplishing the lofty…
The African Energy Chambers, AEC, has disclosed that oil market stability is required to conclude major developments in African nations, including Angola, South Sudan, Congo, and Equatorial Guinea. In a statement obtained by The Daily, www.thedaily-ng.com, Nj Ayuk, Executive Chairman, African Energy Chamber, stated: “With a more stable prices environment, Nigeria can hope for a…
As the Federal government reel out the guideline for the bid of the 57 marginal field, the government will rake in about N2.4 billion as non-refundable fees only. According to the guidelines on the 2020 oil bid round exercise interested bidders are to pay Department of Petroleum Resources (DPR) non-refundable chargeable fees as follows,…