OPEC and its allies led by Russia on Thursday were moving closer to agreeing one of the deepest output cuts this decade to support crude prices and prevent a glut, sources from OPEC said. The Organisation of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna and with Russia and others, a grouping known…
The Department of Petroleum Resources (DPR) has promised to make efforts aimed at ensuring that its consumers have adequate supply of petroleum products during the upcoming Yuletide. The DPR operations controller in Abia , Mr Austin Iheji, said this in Umuahia on Thursday. Iheji said that the DPR was embarking on an inspection of petrol stations in…
The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja reported an oil pipeline fire outbreak along Atlas Cove-Mosimi Pipeline, otherwise, called System 2B pipeline in Baruwa Swamp area of Lagos. The corporation said preliminary reports of the incident indicated that the pipeline might have been torched by act of vandalism of suspected oil thieves who had hacked…
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote, says Seplat Petroleum Development company Plc has not broken any law by its appointment of Mr. Roger Brown as CEO-Designate to replace current CEO, Mr. Austin Avuru. He said this at the ongoing 9th Practical Nigerian Content Conference hosted by the NCDMB…
… Says Operations Will Not be Impacted by Lagos Pipeline Fire Incident The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja reported an oil pipeline fire outbreak along Atlas Cove-Mosimi Pipeline, part of the System 2B pipeline in Baruwa Swamp area of Lagos. The corporation said preliminary reports of the incident indicated that the…
(L-R) GMD, Aiteo Eastern Exploration & Production Co. Ltd., Victor Okoronkwo; Executive Secretary, NCDMB, Engr. Simbi Wabote; Minister of State for Petroleum Resources, Chief Timipre Sylva; NLNG MD, Tony Attah; Emmanuel Uleh, Head, NC Compliance Assurance & Monitoring, NLNG The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, yesterday,…
OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year. The Organisation of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna followed by a…
A United Kingdom, UK, court yesterday dropped an application by some leaders of Ejamah Ebubu community in Ogoniland to register the judgement of a Nigerian Federal High Court in the country for enforcement. Claimants had applied to register the judgement to enforce a N183 billion judgment sum, which they claimed was the judgement sum and…
The Managing Director, Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi, on Wednesday said that solar energy was increasing access to electricity by Nigerians in rural and underserved communities. Ogunbiyi made the assertion on the sidelines of the Solar Future Nigeria Exhibition in Lagos. She said: ”Solar energy is beginning to make significant penetration in terms…
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDM), Mr Simbi Wabote, says the 650,000 barrels per day Dangote Refinery project is an actualisation of Local Content development in Nigeria. Wabote made this known while fielding questions from newsmen at the ongoing 9th Practical Nigerian Content Forum in Yenagoa on Wednesday. The private refinery owned…