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“If output continues to fall short of the group’s targets, oil prices could remain high into next year as well” By Teddy NwanunobiSome analysts have seen the Organisation of Petroleum Exporting Countries (OPEC) oil strategy as…
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By Teddy Nwanunobi The price of the Organisation of Petroleum Exporting Countries (OPEC) basket of 13 crudes stood at $80.43 per barrel on Tuesday.This is compared with $78.25 the previous day, according to OPEC Secretariat…
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By Teddy Nwanunobi Wärtsilä, a technology group, has renewed an agreement with Lafarge Africa Plc, one of Nigeria’s leading building material producers, by signing a five-year long-term operation and maintenance (O&M).The…
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Mr. Everestus Chimezie Obiyo, Anambra State Commandant of the Nigeria Security and Civil Defence Corps, ( NSCDC) has reiterated commitment to waging war against illegal dealings in Petroleum Products in the State.Obiyo stated this…
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Stakeholders in the oil and gas industry have called for diligent implementation of the Petroleum Industry Act (PIA) to ensure that the intended reforms in the sector are achieved.The stakeholders who spoke at a roundtable on PIA…
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Lenders fear further exposures Kyari confident on deliveryPlans by the Federal Government to construct a $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas-power pipeline may have suffered setback, as the project is far from its 2023…
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By Teddy NwanunobiSome storage facilities’ owners among the petroleum marketing companies and the Nigerian Ports Authority (NPA) are allegedly contributing to the ongoing scarcity and attendant hike in price of liquefied petroleum…
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“The approach that we are using is to get the communities to buy into the project and be part of it. So much has been covered and I’m delighted with the way we are going"Amidst growing doubts in some quarters that the ongoing…
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"The NNPC represents one of the top NOCs in Africa, and by coming to Cape Town, the Corporation will share insights, promote projects, and emphasise the role that NOCs have and continue to play in Africa’s energy future"By Teddy…
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"One per cent of the value of contracts awarded in the upstream sector of Nigeria’s oil and gas industry is pooled into the Nigerian Content Development Fund (NCDF)" By Teddy NwanunobiThe Executive Secretary of Nigerian Content…
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