Airlines operating from the Jomo Kenyatta International Airport (JKIA) in Nairobi were Thursday forced to divert to regional airports for fuelling as stocks of the commodity neared depletion. The fuel shortage, which is expected to persist till Sunday, has been blamed on inadequate orders by oil marketing companies that sell directly to airlines. In an…
Winners Recognized for Innovative Products for Offshore Exploration and Production Houston, Texas, USA (6 March 2019) –The Offshore Technology Conference (OTC) announces that 18 technologies will receive the 2019 Spotlight on New Technology® Award. The awards will be presented at 1600 hours, 6 May, in the NRG Center Rotunda Lobby. The Spotlight on New Technology Awards—a…
Oil prices fell about 3 percent on Friday and were set for a second straight week of declines after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil. With surging U.S. oil supply also unsettling markets, Brent crude futures fell $1.85, or 2.8 percent, to $64.45 a barrel…
As part of its corporate social responsibility as well as enhancing human capacity development, theNigerian Liquified Natural Gas Company Limited, NLNG on Thursday inducted 89 youths for its 2019 Youths Empowerment Scheme, YES. NLNG’s Acting Manager, Community Relations and Sustainable Development, Mr. Godson Dienye, said YES was launched in 2004 as one of the company’s…
IN a bid to increase effective utilisation and patronage of the Eastern port, the Nigerian Ports Authority, NPA, has canvassed downward review of government agencies charges by 30 percent to improve traffic to the eastern ports. This plea was made by the managing director of the authority, Hadiza Bala-Usman at a one-day strategy group meeting organised…
Midis Energy Services, an indigenous oil and gas services provider now offers thermal spray aluminum coating services to protect critical assets and equipment in a manner that meets the required International and European Standards in Nigeria. This was contained in a statement released by management of Midis Energy Services yesterday Describing the service as a…
Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company, listed on both the Nigerian Stock Exchangeand London Stock Exchangehas announced its full-year 2018 financial results and provides an operational update. The full-year 2018 result highlights 2018 working interest production within guidance; license renewal secured for OMLs 4, 38 and 41 • Full-year working…
The United States is giving individuals and entities more time to wind down certain financial contracts or other agreements related to Venezuela’s state-owned oil company, the U.S. Treasury Department’s Office of Foreign Assets Control, OFAC, said on Friday. “OFAC is extending the expiration date of provisions relating to the wind down of certain financial contracts…
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 Secretary General of APPO H.E. Mahaman Laouan Gaya and H.E. Emmanuel Ibe Kachikwu, Nigeria’s Minister of State for Petroleum Resources, will present on the foundational reforms of the African…
Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian indigenous oil and gas company, listed on both the Nigerian Stock Exchange and London Stock Exchange, today announces its full year 2018 financial results and provides an operational update. Full year 2018 results highlights 2018 working interest production within guidance; license renewal secured…