Oil prices fell further on Wednesday, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for the global economy and energy demand. Brent crude futures LCOc1 were down 70 cents, or 1.2 per cent at 58.26 dollars a barrel by 1205 GMT, setting a fresh seven-month low. Prices have lost more…
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has urged management of Nigerian Liquefied Natural Gas (NLNG) to look beyond the execution of the final investment decision (FID) on Train-7. The final investment decision is billed for October 2019. Kyari disclosed this while receiving the top-level NLNG management team, led by…
The Nigeria-Morocco Gas Pipeline (NMGP) project would open new vistas for Nigeria’s gas aspirations, the Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said. Mallam Kyari disclosed this Tuesday in Abuja at a stakeholders’ engagement involving the corporation, its Moroccan partner on the Gas Project, the Morocco National Office for…
The National Bureau of Statistics (NBS), has announced that 5.61 billion litres of Premium Motor Spirit (PMS), popularly known as petrol were imported into the country in the second quarter of the year. The NBS said this on Tuesday in its Petroleum Products Imports and Consumption (Truck Out) Statistics for Second Quarter, 2019, obtained from…
The Department for Petroleum Resources (DPR), says it had sealed 53 filling stations and four Gas plants in Kaduna state, for non-compliance to global best practices. Mr. Isa Tafida, DPR’s Zonal Operations Controller, Kaduna Zone, disclosed this in Kaduna, on Tuesday, during the department’s routine surveillance on filling and gas stations in the month of…
The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has commended the country’s military for providing a secured environment for the corporation to carry out its functions. A statement by Col. Onyema Nwachukwu, Acting Director of Defence Information in Abuja, said that Kyari gave the commendation when he visited the Chief…
Dr GoodluckDiigbo, a U.S.-based Ogoni activist has called for a collective review of the Oil Assessment report as captured by United Nation’s Environment Programme (UNEP) on implementation process in Ogoniland. Diigbo, who is also President, Ogoni Central Indigenous Authority (OCIA), made the call on Monday via Skype transmitted in Teyork community, Khana Local Government Area…
Oil prices fell on Monday on global growth concerns after U.S. President Donald Trump threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers. Brent crude futures LCOc1 were down 71 cents, or 1.15 per cent, to $61.18 per barrel by early trading. U.S. West Texas Intermediate (WTI) crude…
Algeria now produces sufficient fuel to meet domestic demand and has not had to import since 2018 Algeria – having just announced “fuel self-sufficiency” – is the latest African oil-and gas-producing country to confirm its attendance at the 26th Africa Oil Week (AOW) (www.Africa-OilWeek.com) in Cape Town this November. Following a difficult period for…
The latest iteration of Ideagen’s quality, safety, risk and compliance management software comes with powerful dashboards and an intuitive user experience Ideagen, the governance, risk and compliance (GRC) software provider, has launched a new and improved version of its Q-Pulse application to coincide with the 25th anniversary of the software. he UK-based firm – which has…
