The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mr. Mohammad Barkindo, has said the group does not politicise crude oil. This development is coming as OPEC and other oil-producing countries led by Russia will on May 19 review their agreement to cut down on oil output to prevent an energy crisis. Barkindo’s…
The Nigerian Electricity Regulatory Commission (NERC) will next week in Lagos meet with the 11 electricity distribution companies (Discos) in Nigeria’s power sector to assess the take-off and implementation of the third-party meter deployment scheme, Meter Asset Providers (MAPs), initiated by the regulatory agency, THISDAY has learnt. However, as the date for the MAPs to…
The Nigerian National Petroleum Corporation (NNPC) Thursday, said it had saved $2.2bn through the Direct-Sale-Direct-Purchase (DSDP) scheme of petroleum products supply since its inception in 2016. This was disclosed by the Group Managing Director of NNPC, Dr. Maikanti Baru, at the public opening of bids for the 2019 term-contract for lifting crude oil and petroleum…
Ethiopia and China have signed a partnership agreement to invest in energy transmission and distribution lines for the nation’s mega projects. The project will build power transmission and distribution lines to 16 industrial parks, part of the Meqelle to Djibouti railway line and to other cities in the country. The agreement was signed last week…
President Museveni on Monday met the French oil giant Total’s chief executive and board chairman, Mr Patrick Pouyanné, as part of efforts to fast track the ongoing back-to-back activities leading to Final Investment Decision (FID) scheduled for later this year. Mr Pouyanne, who was accompanied to the State House Entebbe meeting by among others, Total’s…
Mr. Pugliese will lead the chamber’s activities in Angola and support the Chambers’ partners in unlocking value in Angola’s multi-billion-dollar oil and gas market JOHANNESBURG, South Africa, May 2, 2019/ — The African Energy Chamber (www.EnergyChamber.org) is pleased to announce that it has appointed Mr. Sergio Pugliese as President for Angola, effective May 1st 2019. In…
According to Diamond Offshores’ fleet status report published today, both 2014 built drillships are contracted by Woodside. Ocean Blackhawk will be working in Senegal from 1Q 2022 till 1Q 2023 on a well based contract + options. Day rate is not disclosed by the offshore drilling contractor. At the moment Rig is contracted with Anadarko…
Firm Reiterates Commitment to Protecting People and Environment By Margaret Nongo-Okojokwu Chevron Nigeria Limited has reiterated its commitment to protecting people and environment just as well as confirming there was fire incident at Ojumole Well No 1 on April 18 Chevron Nigeria Limited, CNL, operator of the joint venture, JV, between the Nigerian National…
…. Okoronkwo leads, as Onyejekwe retires By Margaret Nongo-Okojokwu Following a review of its operational and investment objectives and in reaction to prevailing business environment, Aiteo has restructured its executive management, naming a number of critical appointments and reassignments. In a statement released by the companys spokesperson, Mr Ndiana Matthew on Friday and made…
Port Harcourt — Six vandals suspected to be responsible for last Sunday’s fire outbreak on the Nembe Creek Trunkline, operated by Aiteo Eastern Exploration and Production Company, were burnt to death on the spot, the Joint Task Force, Operation Delta Safe, OPDS, has said. Recall that on Sunday, April 21, 2019, Aiteo reported a fresh fire…