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….
Port Harcourt — The Nigerian Navy has assured that it will continue to intensify the fight against oil theft, illegal refining and illegal bunkering of petroleum products in the Niger Delta region, and the nation at large. Executive Officer, Nigerian Navy Ship, NNS Pathfinder, Capt. Adegoke Eboh, said this in Port Harcourt while handing to the…
The Department of Petroleum Resources (DPR) has donated Personal Protective Equipments(PPE) to Lagos State Government to support its efforts in the management of the Corona virus pandemic in the state. TT The items donated include 1000 units of face mask, 1000 units of protective boots, 1000 units of coverall protective gowns, 1000 units of hand…
By Margaret Nongo-Okojokwu OILSERV Ltd, Foundation donates food, medical supplies worth over 100 million Naira to host communities, states, and Federal Government of Nigeria. The coronavirus pandemic has had a devastating impact around the world disrupting lives, livelihoods, communities and businesses worldwide. Oilserv Limited commends the effort of the Federal Government and the various State Governments…
The Minister of Mines and Hydrocarbons promotes downstream projects and continues to sign contracts, as oil and gas industry adapts to COVID-19. COVID-19 has slowed global trade, but Equatorial Guinea is not relenting in its drive for investment and downstream diversification, said the country’s Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima. Equatorial…
As the world’s priorities are reshaped by the COVID-19 crisis, Artisanal and Small-scale Mining (ASM) communities should not be overlooked. Here are 6 reasons why: The underlying health characteristics of ASM communities may mean that they are likely to be disproportionately impacted by the crisis. The direct and indirect impacts of ASM activity on health are well-documented. These include…
Harlequin Oil and Gas (HOG), a fully Ghanaian owned fabrication, hydraulics, and general engineering services company has been recognised with the award “Local Content Achievement Company of the Year 2020” by The Oil and Gas Year. The award recognises the importance of the 2018 acquisition of the Harlequin Group by a group of local entrepreneurs. The…
m-GURUSH South Sudan’s first Mobile Money service has launched the ‘International Remittance’ services on their Mobile Money Platform. This is yet another ground breaking innovative feature from m-GURUSH that will enable customers to conveniently send money across Africa and beyond. The service will benefit m-GURUSH customers, especially the business and trading communities sending funds from…
Ibadan Electricity Distribution Company (IBEDC) has appealed to postpaid and prepaid customers to pay their electricity bills and vend for energy. Its Chief Operating Officer, Mr. John Ayodele made the appeal in a statement on Friday where he corroborated the statement of the Minister of Power that there was no two-month free electricity as was…