The Federal Government and other shareholders of the Nigeria LNG Limited failed to take a final investment decision on the company’s Train 7 project last week, our correspondent has learnt. It was gathered that the Final Investment Decision was due to be reached at a meeting held last Thursday in Abuja by the shareholders, with…
Eko Electricity Distribution Company (EKEDC) has received an award for being an Employee-Friendly organization from the National Union of Electricity Employees (NUEE). Godwin Idemudia, EKEDC Spokesman, said in a statement said the award was in recognition of the company’s efforts toward protecting interest and ensuring a conducive environment for employees. He said NUEE cited the…
The Executive Director, Services, Kaduna Refining and Petrochemical Company (KRPC), Dr Abdullahi Idris has called for greater synergy between the media and oil and gas industry in the country to enhance activities in the sector. Idris stated this on Saturday in Kano at the 7th KRPC annual workshop for media practitioners. He said such relationship…
The Department of Petroleum Resources (DPR) has commended fuel dealers in Adamawa for adhering to government directives on suspension of petrol sales in stations located 20 kilometres to Nigerian borders. The state’s DPR Operations Controller, Alhaji Ibrahim Ciroma disclosed this in Gurin, a border community in Fufore Local Government Area (LGA) of the state while…
Oil prices remained atop three-month peaks on Thursday, extending a robust streak that began a week ago as thawing trade relations between the United States and China supported global markets. Brent crude futures edged up 8 cents to 66.25 dollars a barrel by 0645 GMT, while U.S. West Texas Intermediate (WTI) crude gained 4 cents…
The Department of Petroleum Resources (DPR) has advised motorists in Anambra not to engage in panic buying of petroleum products in the state. Mr Ignatius Anyanwu, Operations Controller of DPR, Awka Area office gave the advice in an interview with newsmen in Awka on Thursday. Anyanwu said there was enough supply to the state that…
The Department of Petroleum Resources in Cross River has assured residents in the state and beyond that there was enough product to serve for the Christmas season and beyond. DPR Operations Controller in the state, Mr Sircham Mohammed-Musa, gave the assurance on Thursday in Calabar during surveillance to some filling stations to ensure compliance with…
LADOL Retains ISO 45001:2018, 14001:2015 Certifications The Lagos Deep Offshore Logistic Base, LADOL has retained its International Organization for Standardization certificates in ISO 45001:2018 and 14001:2015 certification, being the first Company in West and North Africa to do so. This success builds on the company’s marketing leading track record in implementation of quality, health,…
Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing U.S.-China trade tensions lifted business confidence and the outlook for global economic growth. Brent LCOc1 was down 7 cents at 66.47 dollars a barrel by 0954 GMT, equivalent to a weekly rise of around 2 per cent….
Royal Dutch Shell said on Friday it expects to write down up to 2.3 billion dollars in the fourth quarter, the latest major energy company forced to shrink estimates for sector values, due to a weaker economic outlook. In a trading update ahead of full year results, Shell also said it expected weaker margins in…