Author: majorwavesen

As the Federal Government marshals out several approaches to meeting its three million barrels of crude oil per day and 40 billion barrels crude oil reserves, the Group Managing Director of Aiteo Eastern Exploration and Production Company Limited, Mr. Victor Okoronkwo has advised relevant agencies to focus strongly on establishing a safe and stable environment…

Mr Tony Attah, Managing Director, Nigerian Liquefied Natural Gas (NLNG) said that 55 per cent of all procurement for execution of the Train 7 project would be undertaken by Nigerian vendors. Attah disclosed this at the ongoing 3rd Nigeria International Petroleum Summit (NIPS), in Abuja on Monday. TBI Africa reports that the theme of the…

Mr Justice Derefaka ,Technical Adviser,  Gas Business and Policy Implementation to the Minister of State for Petroleum, says implementation of the National Gas Transportation Network Code (NGTNC) will help Nigeria realise its gas potential. Derefaka,  who is also the  Programme Manager, Nigerian Gas Flare Commercialisation Programme (NGFCP), made the assertion in a statement made available…

A group of major oil-producing countries on Monday called for a further reduction to their output until June amid the coronavirus fears.  The oil producing countries while summing up their recent talks in Vienna, agreed that the coronavirus “is dampening global energy demand”. A committee that advises the 14 members of the Organisation of the…

Libya’s National Oil Corporation (NOC) on Monday said a refinery in western Libya has been shut down due to lack of crude oil.  NOC said this was after losses resulting from a blockade on major oil facilities and ports have surpassed 1 billion dollars.  The Zawiya refinery halted operations on Saturday after a valve was…

The Group Managing Director, Aiteo Eastern Exploration and Production Company Limited, Mr Victor Okoronkwo said robust fiscal framework was key to boosting investors’ confidence in the oil, gas sector. Okoronkwo disclosed this while delivering a goodwill message at the ongoing Nigeria International Petroleum Summit, in Abuja, on Monday. The theme of the summit is: “Widening…

***** Vows to Deepen Transparency in Operations The Nigerian National Petroleum Corporation (NNPC) has stated that it would expand its operational footprints across the globe, saying the move would enable the corporation boost its global profile. The Group Managing Director of the NNPC, Mallam Mele Kyari, disclosed this at the 3rd edition of the Nigeria International…