Mr. Mordecai Ladan, the Director of Petroleum Resources, DPR, has bowed out. This follows the expiration of his tenure and in line with the provisions of Circular Ref. No.SGF.50/S.II/C.S/268. The former Director has formally handed over the affairs of the Department to the most senior officer Mr. Ahmad Rufai Shakur, the Deputy Director and Head,…
London — Nigeria increased its official selling price (OSP) for major crude grades on perked-up demand, especially in Northwest Europe, as preliminary loading programmes for August were expected shortly. NIGERIA * Nigeria’s NNPC on Thursday significantly raised the July OSP for major grades Bonny Light, up to 204 cents from 156 cents per barrel last month,…
Lagos — The Managing Director of the Nigerian Ports Authority, (NPA) Hadiza Bala Usman has said that a properly charted territorial water through hydrographic exercise will enhance the nation’s maritime operation. Speaking at this year’s World Hydrographic Day held at the Naval Dockyard in Lagos Bala Usman called for a greater synergy among stakeholders with the…
Singapore — Asian spot prices for liquefied natural gas (LNG) slipped this week on the back of a surplus of cargoes globally while imports from North Asia appeared to be slowing down this month, industry sources said. Spot prices for August delivery to Northeast Asia LNG-AS are estimated to be about $4.60 per million British thermal…
Port Harcourt — The Shell Petroleum Development Company, SPDC, says it has injected over N2.2billion into the southern swamp associated gas solution area for community development as top-up funds for the Community Cluster Development Boards, CDBs in Bayelsa and Delta states. SPDC General Manager, External Relations, Mr. Igo Weli, stated this during the graduation and award ceremony…
Port Harcourt — The host communities of OML 25 have rejected the planned peaceful dialogue by the Rivers State Government to intervene in the 22-months shutdown of Belema flow station and gas plant operated by the Shell Petroleum Development Company, SPDC/NNPC JV in Akuku Toru Local Government Area of the state. Kula Council of Traditional Rulers, as…
*Centurion recently announced it will be pursuing a public listing this year with one of Europe’s leading stock exchange Johannesburg, South Africa — Centurion Law Group (“Centurion”) continues its expansion by acquiring Africa Counsel GMBH, an Africa-focused energy firm specializing in acquisitions, divestitures for German companies in the energy sector. “Acquiring Africa Counsel complements our Energy activities…
*Oil and gas production over the next 10 years would inject billions of dollars into the Senegalese economy and support more than 1 million jobs Johannesburg, South Africa — The African Energy Chamber has rejected the accusations made by the recent BBC Panorama programme on Senegal, noting that ‘this case is about a sinister rush to judgment, an…
…As OPEC, NEITI Describe New GMD’s Appointment as Well-Deserved By Margaret Nongo-Okojokwu Encomiums have continued to pour in for the appointment of the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari. In a statement signed and released to Majorwaves Energy report by the Group General Manager, Group Public…
Presidential Amnesty Programme (PAP) has empowered 2,187 already trained beneficiaries in small and medium scale business enterprises across the Niger Delta states of Rivers, Bayelsa, Delta, Akwa Ibom, Ondo, Edo, Cross River, Abia and Imo states. Over 110 vendors and contractors were engaged by the Programme through execution of business contracts on various businesses and…
