Port Harcourt — I have a friend who is of the view that government is a mystery, and that the ways of government are mysterious. This domestic philosopher, or, as he calls himself “thinker,” will thrill you with his scenarios and suppositions, but each time he is in his elements, all we feel we owe him…
Nigeria’s Budget Minister, Udoma Udo Udoma, has said the government will reduce its stake in Joint Ventures, JV, to 40 percent this year. According to him, the move was to boost revenue. International oil companies such as Royal Dutch Shell, Chevron and ExxonMobil are in JV agreement with Nigeria through the Nigerian National Petroleum Corporation….
The Nigerian National Petroleum Corporation, NNPC, has issued its 2019 -2020 crude-for-product swap tender. According to the state-owned oil company through its official Twitter account, the tender will close on May 2 at noon. The Direct Sale Direct Purchase, DSDP tender document did not specify what date the swap will start or the quantities to be…
The Oil and Gas Trainers Association of Nigeria (OGTAN), in collaboration with Nigerian Content Development and Monitoring Board (NCDMB) has concluded arrangements to host its second annual international conference and exhibition dubbed “Human Capital Development: as a Driver for National Transformation”, billed to take place next month at Eko Hotel and Suites, Lagos from 13…
APPO CAPE VII welcomes participation of 50+ Africa’s petroleum ministries, national oil companies and private companies as exhibitors and sponsors MALABO, Equatorial Guinea, March 16, 2019/ — H.E. Obiang Nguema Mbasogo, President of Equatorial Guinea, and H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, will both speak at APPO CAPE VII (www.CAPEVII-Africa.com); Secretary General…
Group Managing Director, the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, has called on foreign investors to explore the Nigerian Ultra-Deep terrain. The NNPC chief made the call at 19th CERAWeek in Houston. He described the country’s offshore as “largely untested”. He cited the 2016 ExxonMobil’s 1 billion barrels offshore crude oil discovery, adding that…
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has been confirmed as lead discussant on the available and emerging investment opportunities in the Nigerian Oil and Gas Industry, at the forthcoming Nigerian Oil and Gas Opportunity Fair (NOGOF). The Minster’s participation was confirmed on Friday by the Executive Secretary of NCDMB, Engr….
.. Records 34% Increase In Pipeline Vandalisation,₦12.13Bn Trading Surplus Yemisi Izuora The Nigerian National Petroleum Corporation, NNPC has raised serious concerns over rise in pipeline Vandalisation across the country, as it disclosed that activities of vandals pushed pipeline breaches by 34 per cent. In a statement yesterday by NNPC Group General Manager, Group Public Affairs Division,…
The Management of Ibadan Electricity Distribution Company (IBDEC) has strongly condemned the spate of assaults and robbing of its staff in three different offices in Ilesa Business hub, Osun region within the past week. Mrs Angela Olarenwaju, Head, Media Communications and Strategy of the company said in a statement at the weekend made available to…
Oil prices dipped early on Monday, weighed down by concerns that a global economic downturn may dent fuel consumption. However, crude markets remain broadly supported by supply cuts led by producer group OPEC and by aggressive sanctions by the United States against Iran and Venezuela. Brent crude oil futures were at $67.03 per barrel down 13 cents,…
