The Nigerian Content Development and Monitoring Board (NCDMB) and Waltersmith Petroleum Oil Limited will assist Equatorial Guinea to develop modular refineries in the central African nation, so it can process some of its crude oil and derive increased value from the hydrocarbon resources. The bi-lateral cooperation was confirmed on Saturday after the Executive Secretary of…
Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest crude users, may not lead to more fuel demand as the U.S. intends to keep tariffs on Chinese goods in place. U.S. Treasury Secretary Steven Mnuchin said late on Tuesday that the…
The Department of Petroleum Resources (DPR) has called on the marketers and Liquified Petroleum Gas (LPG) retailers to remain patriotic in doing their business. Mr Abdullah Abawa, the Operations Controller, Gombe field office, made the call during a stakeholders meeting in the state on Thursday. He said that petroleum products distribution was very strategic to…
The Enugu Electricity Distribution Company (EEDC) says it will stop receiving cash payments above N3,000 from electricity consumers as from Feb. 1. The company said this in a statement by the Head of Communications, EEDC, Mr Emeka Ezeh, on Wednesday in Enugu. Ezeh said that customers making payments above N3,000 were expected to do so…
Oil prices slipped on Wednesday on concerns that the Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the United States intends to keep tariffs on Chinese goods until a second phase. U.S. Treasury Secretary, Steven Mnuchin, said late on Tuesday that tariffs on…
The United Arab Emirates (UAE) has commended the agility of President Muhammadu Buhari in ensuring a strong and stable oil and gas sector in Nigeria. Fahad Al Taffaq, the UAE Ambassador to Nigeria, made the remark when he visited the Minister of State for Petroleum Resources, Chief Timpre Sylva, in Abuja on Wednesday. In a statement signed…
The Department of Petroleum Resources (DPR) on Wednesday inaugurated a multi million Naira laboratory to ensure distribution of quality petroleum products in Cross River. The Operations Controller of DPR Field Office in Calabar, Mr Philip Awolu, performed the inauguration at the agency’s office in Calabar. Awolu, who was represented by Mr Ndaliman Mohammed, also of…
The Department of Petroleum Resources (DPR) has urged Liquefied Petroleum Gas (LPG) plant operators to take necessary measures to ensure safety of end users of cooking gas in Kaduna State. The DPR North West Zonal Operational Controller, Mr Isa Tafida, gave the task at a one-day stakeholders’ sensitisation meeting on Wednesday in Kaduna. Tafida said…
The Nigerian Shippers’ Council (NSC) on Tuesday called for proper optimisation of the Lilypond Park to reduce congestion on the Apapa port access roads. Mr Hassan Bello, NSC Executive Secretary, made the call at a stakeholders’ meeting in Lagos on traffic situation along port access roads (Mile 2-Apapa and Ijora-Wharf Road). Bello represented by Mr…
The Department of Petroleum Resources (DPR), says plans are ongoing to grant Niger Delta Petroleum Resources Ltd. (NDPR) licence to operate its 1000 barrel per day Modular refinery that will be inaugurated soon. NDPR is a subsidiary of Niger Delta Exploration & Production Plc. (NDEP). This was made known in a statement issued by Mr…