…Records 45,347 pipeline breaks in 18 years The Nigerian National Petroleum Corporation (NNPC) has laid out steps to mitigate the ragging twin menace of pipeline vandalism and crude oil theft in the nation’s Oil and Gas Industry. Speaking Tuesday in Abuja at the inaugural Nigeria Extractive Industries Transparency Initiative (NEITI) Policy Dialogue, the Group…
The Nigerian downstream sector in spite of being regulated provides solace for oil trading business across the country. The downstream has also experienced numerous operators in the past especially International Oil Companies (IOCs) dominating the space. Although, many IOCs have quitted the downstream space making room for indigenous operators to sprawl. One of such operators…
The Nigerian National Petroleum Corporation (NNPC) on Monday called on Nigerians and security agencies to join its effort at curbing the menace of oil pipeline vandalism in the country. Mr Adeyemi Adetunji, NNPC’s Chief Operating Officer for Down Stream Operations made the appeal during an inspection visit to the scene of a recent pipeline fire…
Mr Naphatali Iringe-Koko, a former General Manager of Nigeria Liquefied Natural Gas (NLNG) has requested the Federal Government to invest heavily in the gas industry to ensure a secured future for the country and its citizens. He made the call in Abuja at the launch of his book titled “Nigeria LNG – A Dream Come…
Belema Pipeline Limited, a subsidiary of Belema Oil Producing, has commended President Muhammadu Buhari’s support for the growth of indigenous firms. Mr Mufa-a Welsh, Director, Belema Oil producing, made the commendation on Monday at a news briefing held in Robert-Kiri Island, Kula, Akuku-Toru local government area of Rivers. He said that the Buhari-led government had…
Executive Secretary, Nigerian Shippers’ Council (NSC), Hassan Bello, has emphasised the importance of technology in the country’s fight against corruption. Bello spoke during a walk/summit to mark the UN International Anti-Corruption Day on Monday in Abuja. The summit was organised by the NSC in collaboration with the Economic and Financial Crimes Commission and other agencies of the…
Oilserv, an engineering, procurement, construction, installation and commissioning company, has been a major player in the sector since its inception in 1992. The Company has contributed to the development of pipelines infrastructure, having executed various turnkey projects including the Obiafu, Obrikom, Oben Gas transmission Pipeline System which is currently at the commissioning phase. No…
The 177th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 5 December 2019, under the Chairmanship of its Conference President, HE Manuel Salvador Quevedo Fernandez, People’s Minister of Petroleum of the Bolivarian Republic of Venezuela and Head of its Delegation. The Conference expressed…
The 7th OPEC and non-OPEC Ministerial Meeting was held in Vienna, Austria, on Friday, 06 December 2019, under the Co-Chairmanship of OPEC’s Conference President, HE Manuel Salvador Quevedo Fernandez, People’s Minister of Petroleum of the Bolivarian Republic of Venezuela, and HE Alexander Novak, Minister of Energy of the Russian Federation. The Meeting recalled the…
ACCRA, Ghana, Dec. 9, 2019 /PRNewswire/ — Genser Energy Ghana Limited (‘GEGL’) is pleased to announce that it has successfully achieved financial close for a USD366m funding package including a new syndicated senior loan facility of USD230m, a mezzanine loan and preference shares. The senior loan facility was financed by a consortium of South African…