OPL 245: Eni CEO, Shell former head, Etete threatened with jail term
*ENI describes prosecutor’s request for conviction as “groundless”
Italian prosecutors have requested Italian court to jail the chief executive officer of En Claudio Descalzi, Paolo Scaroni, his predecessor, former Nigerian petroleum!-->!-->!-->…
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Nigeria burns N281bn in six months as oil firms flare 228.8bscf of gas
Nigeria lost $779.9 million in six months, as oil and gas companies operating in the country flared 222.8 billion standard cubic feet (bscf) of gas from January to June 2020, according to data obtained, yesterday, from the Federal!-->…
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$2.8bn AKK Gas Project Will Boost Growth, Revive Many Moribund Industries – NNPC GMD
The Ajaokuta-Kaduna-Kano Gas Pipeline project when completed will boost growth and revive some moribund industries .
The Group Managing Director, NNPC, Mele Kyari, said this during an exclusive interview with THE WHISTLER.
The!-->!-->!-->!-->!-->…
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Nigeria’s Petroleum Minister sets up committee to review domestic gas pricing framework
Timpre Sylva, Nigerian Junior Petroleum Minister, has set up a committee to examine the domestic gas pricing framework, even as the Nigerian National Petroleum Company (NNPC) said it has continued to increase its gas production in the!-->…
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Shell bolsters domestic gas distribution in Nigeria, increases capacity by 150%
Shell Nigeria Gas (SNG), a wholly-owned subsidiary of Shell Nigeria Exploration and Production Company, has increased its gas distribution capacity by more than 150 per cent.
This follows the completion of its second gas train, the!-->!-->!-->…
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Marketers imported 500,000mt of petrol on resumption – PPPRA
The private marketers had pulled out of the petrol importation business in 2017, when they could no longer cope with the unfavourable market fundamentals and realities at the time, a situation that ushered in the Nigerian National!-->…
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2020 marginal fields bid: DPR disqualifies firms over indebtedness
The Department of Petroleum Resources, DPR has disqualified some participating firms from the 2020 marginal fields bid round over indebtedness to the federal government.
In a release, the Department said some firms would not be able to!-->!-->!-->…
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Oil prices jump on vaccine hopes, EU deal
Oil rose on Tuesday, helped by positive news about vaccine trials and an EU stimulus deal, taking prices to levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia.
Benchmark Brent crude was up!-->!-->!-->…
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UK upstream sector remains resilient through turbulent times
The UK upstream oil and gas sector has become leaner and more resilient over recent years, as pullbacks in investment and reduced operating costs has helped provide a stronger cash flow outlook under newly weakened oil and gas prices, says!-->…
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Demand for Nigeria’s LNG surges
OVER 16 vessels have departed Onne Port with 950,000 metric tons of liquefied natural gas (LNG) valued at N354billion in the last few months to various destinations.
It was gathered that the Sines Port in Portugal alone took delivery of!-->!-->!-->…
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