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,…
Norwegian oil producer Panoro Energy ASA has lifted its first cargo of crude oil from the TPS assets in Tunisia. Some 151,000 barrels of Rhemoura blend crude oil was lifted from La Skhirra Terminal in Tunisia in the first week of March 2019. “The pricing for this cargo was based on Rhemoura blend which is…
The coalition of the Oil Producers Exporting Countries and other high producing, but non OPEC member countries, known as OPEC+ coalition, has reaffirmed its commitment to continuing output cuts. The coalition however decided to defer the decision on whether to extend the curbs until June 2019. The output cuts, started in 2017, helped to bouy…
Equatorial Guinea’s 2019 Licencing Round, to be launched on April 2, will have 27 Blocks on auction. 25 of these blocks are offshore. Two are onshore. The licencing round is for both hydrocarbon blocks and mining (minerals) concessions. A high point of the sale, the third in seven years, is the presence, in the basket,…