Royal Dutch Shell has circulated its export schedule for June loading of Nigerian Bonny Light and Bonga crude, with the former set to fall sharply in June. Loading schedule published by Reuters showed that export of Bonny Light will fall to 190,000 barrels per day from 245,000 planned for May. After being delayed, export programmes…
The Nigerian National Petroleum Corporation (NNPC) and it’s partners Commence the construction of a permanent medical infrastructural facility in Yenagoa. The NNPC led Oil and Gas Industry Intervention Initiative on COVID-19 over the weekend began the third phase of their support programme with the ground breaking ceremony for a permanent Emergency and Infectious Diseases Hospital…
The Nigerian National Petroleum Corporation (NNPC) has commiserated with families of the victims of a fuel tanker fire incident at Obalende area of Lagos. the The corporation’s Group General Manager, Group Public Affairs, Dr. Kennie Obateru, stated that NNPC wishes all those that sustained injuries in the incident quick recovery. Obateru explained that all the…
Companies handling trainings in the Nigerian Oil and Gas Industry have been advised to reposition themselves and redesign their training modules so they can overcome the challenges created by the Coronavirus pandemic and crash of crude oil price. The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote gave…
Power generation of the Nigeria Electricity Supply Industry (NESI) at 06:00 hour on Wednesday dipped to 1,601mw despite the Nigerian National Petroleum Corporation (NNPC) recent release of N200 billion to gas suppliers. The electricity market had recorded an energy generation of 2,983mw at the corresponding time of Tuesday, according to the daily report of the…
Indigenous oil and gas companies are among the operators in the country worst hit by the sharp drop in oil prices and demand, with many now struggling to stay afloat. The international oil price benchmark, Brent crude, which rose to as high as $70 per barrel in January slumped to as low as $15.98 per…
Sierra Leone has provisionally awarded nine oil blocks to Innoson Oil and Gas, a subsidary of the Nigerian-based IVM Innoson Group pupolarly known as Innoson Motors. Sierra Leone also awarded 15 offshore blocks to Cluff Energy Africa, a joint venture between British oil tycoon Algy Cluff and billionaire Michael Spencer These awards is coming amid…
Bristow Group Incorporation one of the world’s leading provider of offshore oil and gas transportation has mergered with Era one of the largest helicopter operators in the world and the longest serving helicopter transport operator in the U.S. In addition to servicing its U.S. customers, Era provides helicopters and related services to customers and third-party…
Oil prices jumped for a second day on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and clawing back ground at the end of a month of tumbles wrought by coronavirus fears that caused futures to plumb two-decade lows. Brent crude was up 13.8%, or $3.11, at $25.65…
The global oil and gas pipeline sector is facing several headwinds such as fall in the oil and gas prices, demand destruction and a weak global economic outlook. The pipeline operators are being forced to cut capex on upcoming projects, leading to projects getting delayed or stalled, says GlobalData, a leading data and analytics company….