Oil prices were mixed on Friday in quiet trade, with the U.S. Thanksgiving holiday limiting activity, while investors awaited a meeting of OPEC and its allies next week that may result in extension of an output cut agreement to support the market. Brent crude futures LCOc1 were down eight cents, or 0.1 per cent, at…
Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill backing protesters in Hong Kong, fuelling tensions with China. Brent crude was down 19 cents, or 0.3 per cent, at 63.87 dollars a barrel by 0854 GMT,…
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), says it has distributed no fewer than 10,000 6kg cooking gas cylinders with burners to Nigerians in the last 12 months. The Executive Secretary of NALPGAM, Mr Bassey Essien, who made this known in a statement issued on Thursday in Lagos, said the gesture was part…
L-R Group Managing Director, Nigeria National Petroleum Corporation, Mele Kolo Kyari; Chief Executive Officer, Royal Dutch Shell, Ben van Beurden; President Mohammadu Buhari; and Minister of State for Petroleum Resources, Timipreye Silva, during a visit of the Shell Group CEO to the President in Abuja… Tuesday. L-R: General Manager, Business…
President Muhammadu Buhari receiving Mr. Patrick Pouyanne, the Chairman of Total Group worldwide at the Presidential Villa, Aso Rock, Abuja, yesterday. the President is flanked on the right by Chief Timi Sylva, the Minister of State for Petroleum Resources and on the right by Mallam Mele Kyari, the GMD of the NNPC
The Nigerian National Petroleum Corporation (NNPC), China Petroleum Pipeline Engineering Company Limited (CPPECL) and Brantex Consortium, have concluded plans for the commencement of work on the Abuja-Kaduna-Kano Pipeline (AKK) project. The Group Managing Director of the NNPC, Malam Mele Kyari, disclosed this when he received the President of CPPECL, Sun Quanjun and the head of…
The Nigerian National Petroleum Corporation (NNPC) Wednesday in Abuja distanced the corporation and its subsidiaries from a trending online advert inviting unsuspecting members of the public to submit entries for a phantom 2019/2020 Annual Chemistry Competition’’. The corporation described the online advert which contrived that the exercise was organized to improve the standard of learning…
The Department of Petroleum Resources (DPR), Lafia field office in Nasarawa State, has sealed two filling stations and some gas retail shops over illegal operations in the state. Abdulrahman Muhammad-Bima, DPR Operational Controller, Lafia disclosed this on Monday while addressing newsmen after inspecting some filling stations and gas plants/retail shops in Lafia and Nassarawa Eggon…
The Department of Petroleum Resources (DPR) on Wednesday inaugurated a multi million naira laboratory to ensure distribution of quality petroleum products in the South East zone of the country. Alh. Ahmed Shakar, the Director of Petroleum Resources performed the commissioning ceremony of the DPR Laboratory in the Owerri Zonal office of the agency. Shakar, who…
The Minister of Transportation, Mr Rotimi Amaechi, on Wednesday said that boosting indigenous ship ownership would enable Nigeria to compete favourably in the international scene. Amaechi made the assertion at the maiden edition of the Lagos International Shipping Expo organised by the Shipowners Association of Nigeria (SOAN) in Lagos. The News Agency of Nigeria reports that…