Oil prices climbed early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks between the U. S. and China to end their trade war. International benchmark Brent crude futures LCOc1 were at 59.26 dollars a barrel by 0251…
President Muhammadu Buhari says he felt touched and sad to know that OML-25 Host Communities are pleading to have primary schools in 2019 after 40 years of oil exploration. Buhari expressed his displeasure during the official reopening of the OML-25 Flow Station in Belema, Akuku-Toru Local Government Area (LGA) of Rivers on Thursday. Represented by…
The Nigerian National Petroleum Corporation (NNPC) has announced the discovery of hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the North-Eastern part of the country. It would be recalled that drilling of the Kolmani River II Well was flagged-off in a colourful ceremony by President Muhammadu Buhari…
The Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva has formerly launched the Operation White Project aimed at entrenching energy security and deepening the drive for transparency. In his inauguration speech, he charged the 89 members of the project team drawn from five Key Agencies, to work assiduously whilst embracing the highest level of accountability,…
Mr Kunle Olubiyo, President Nigerian Consumer Protection Network, a Civil Society Organisation(CSO), has urged Federal Government to establish renewable energy based off -mini grid to increase access to electricity. The renewable energy-based off-grid and mini-grids solutions offer significant opportunity to increase access to reliable electricity services. Olubiyo made the call while reacting to the N10.33 trillion 2020 budget presented…
This is the best chance to get insider knowledge on key opportunities, legislation changes, bidding rounds and more LONDON, United Kingdom, October 1, 2019/ — As ever, Africa Oil Week (www.Africa-OilWeek.com) will be the place for major national roadshows in the oil & gas sphere. 30 ministries are taking part this year, with over…
The AOP conference and exhibition continues until October 11 at the CTICC 1, in Cape Town, South Africa CAPE TOWN, South Africa, October 9, 2019/ — The fourth annual Africa Oil & Power (AOP) (https://AfricaOilandPower.com/) conference commenced in Cape Town, South Africa today: Industry elites gathered to discuss the future of Africa’s energy sector…
The new Senate Committee on Local Content has pledged to support and collaborate with the Nigerian Content Development and Monitoring Board (NCDMB) to strengthen the implementation of Nigerian Content in the oil and gas industry and other key sectors of the economy. Chairman of the Senate committee in the 9th Assembly, Senator Teslim Folarin made the…
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations on Tuesday released an average of 3,436 MegaWatts/Hour of electricity into the national grid. This is according to a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained in Abuja on Wednesday. The report said that…
The Department of Petroleum Resources (DPR) in Bayelsa says it has sealed ten petrol stations and an illegal liquefied petroleum gas (LPG) station in Yenagoa for expired licences and lack of basic operational equipment. The DPR on Wednesday, with a team of its officials, led by Mr Ibinabo Jack, Head of Operations in the state…
