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…
Nigeria must think outside the box and domesticate the use of her oil and gas resources. This is Professor WUMI ILEDARE take on the dwindling revenue from the country’s crude oil sales. He told Ben Ndubuwa that Nigeria must embark on this new objective of domesticating her oil and gas even as the global LNG…
Dangote Sugar Refinery Plc, is to hold Board meeting on Friday May 22, 2020 to take decisions on the company’s audited financial statements for the period that ended December 31, 2019, and unaudited financial statements for Q1, 2020 results. In a notification issued by the company, it was disclosed that the announcement is in…
Shell Petroleum Development Company (SPDC) is shopping for Senior Medical Laboratory Technologist. The company is the pioneer and leader of the petroleum industry in Nigeria. Over the years Shell has been investing heavily on its employees, which is reflected in the company’s industry-leading development programmes “Our commitment to see our employees’ ideas travel and…
Lagos State may pronounce another round of lockdown of movement and business activities. The state government has regrettably observed that residents have failed to adhere to the public health guidelines issued in response to the fight against the Coronavirus (COVID-19) pandemic. Governor Babajide Sanwo-Olu said the state government may be forced to review terms of…
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 a…
Two persons have been injured as fire guts Philippine Navy ship. According to FleetMon, “Fire erupted in engine room of Philippine Navy patrol ship BRP RAMON ALCARAZ at night May 6, shortly the ship left Cochin India, together with patrol ship BRP Davao del Sur (LD602), with cargo of donated personal protective equipment. “Fire reportedly…
The Nigeria Customs Service, Port Harcourt Port Area I Command in Rivers State, says it generated the sum of N16,180,827,894.00 in the first quarter of 2020. Customs Controller, Port Harcourt Area I, Auwal Muhammed, said the figure indicated a surplus of N2,993,362,850.00, above the revenue generated in the command from January to march 2019; which…
Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has debunked reports that Nigeria has shut in its oil production as a result of the current market situation. He made the clarification in an interview with Premium Times on Tuesday. According to him, Nigeria achieved the highest oil production capacity it has…
*As oil marketers await PPPRA directive on new pump price Lagos — The latest NNPC reduction in the ex-depot price of petrol to N108 per litre will not translate to an immediate drop in the pump price of the commodity at filling stations, oil marketers have clarified. Need for clarification came after Nigerian National Petroleum Corporation,…