Oil prices rose on Wednesday, tracking gains in equities, as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its allies that further supply curbs could be possible. But gains were limited due to lingering concerns of a global economic slowdown. Global benchmark Brent…
The Department of Petroleum Resources (DPR) has sealed 30 filling stations and two gas plants in Anambra in the last five months, an official has said. Mr Ignatius Anyanwu, Controller of Operations of DPR in Anambra, disclosed this to newsmen in Awka on Wednesday. Anyanwu said the agency visited 293 retail outlets during its surveillance…
…… Council of Obas, leaders lauded Dangote’s intiative About 200 youths from Ibeju-Lekki community in Lagos State have graduated from various skill acquisition programme organised by Dangote Petroleum Refinery as a way of transforming society and providing employment opportunities for the youths. The programme organised by Dangote Petroleum Refinery and facilitated by the National Directorate…
Shell Petroleum Development Company of Nigeria (SPDC) and partners have remitted about two billion U.S. Dollars (about N720 billion) to the Niger Delta Development Commission (NDDC) in 16 years, an official said. SPDC’s General Manager, External Relations, Igo Weli, disclosed this on Tuesday at the final of 2019 SPDC-JV Environment Awareness Quiz Competition for Land…
Mr Timipre Sylva, the Minister of State for Petroleum Resources says the ministry will partner with the Infrastructure Concession Regulatory Commission (ICRC) to develop the oil sector through Public Private Partnerships (PPPs). Sylva said this on Tuesday in Abuja when he received the Director-General and management staff of ICRC on a courtesy visit. According to him,…
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations said that they could not generate 1,635.5 megawatts of electricity due to unavailability of gas. This is contained in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained in Abuja on Tuesday. The report also noted that…
The New York and Tel Aviv based startup Dynamic Infrastructure is implementing the world’s first deep-learning solution which allows bridge and tunnel owners and operators to obtain visual diagnosis of the assets they manage. The system provides live, cloud-based, 3D views of the bridge or tunnel and automatically alerts when changes are detected in maintenance and operation conditions –…
Ghana’s oil and gas industry continues to attract key global industry players on the back of sustained investor interest LONDON, United Kingdom, October 16, 2019/ — When you think of the top oil and gas nations in Africa, Ghana is not one that traditionally comes to mind, but it is one of the rising…
Nigeria’s Seplat Petroleum has reached an agreement to acquire Aberdeenshire-headquartered Eland Oil and Gas for more than £380 million. Eland said the all-cash £383mn deal has been recommended by the firm’s board and is supported by its three largest shareholders. The statement said Seplat had also secured backing for its offer from major shareholders in…
Mrs Margaret Onyema-Orakwusi, Chairman, Ship Owners Association of Nigeria (SOAN) says curtailing poaching in Nigeria and the African Continent will require international collaboration. Onyema-Orakwusi said this in an interview on Monday in Abuja. According to her, the international community has the market and capability to effectively monitor all activities that take place in the waterways….