COVID-19: How Oil and Gas Firms Lost N84bn Revenue
-By Gideon Osaka
Revenues of some of the key oil and gas companies in Nigeria as quoted on the Nigerian Stock Exchange fell by about 38% in the second quarter of 2020.
This translates to estimated loss of N84.7 billion from their!-->!-->!-->!-->!-->…
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Oil Demand Expected to Increase in 2022
-By Fred Ojiegbe
Global oil demand won’t return to 2019 levels until at least 2022 and the gap may be getting wider than it seemed a month ago, world major energy forecasters said.
All three of the world’s main oil forecasting!-->!-->!-->!-->!-->…
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Electricity: Buhari Stops Estimated Billing
...Directs nationwide mass metering
...NERC committed to protecting customers
President Muhammadu Buhari has directed that there should be a nationwide mass metering programme in an effort by the Federal Government to put a stop to!-->!-->!-->!-->!-->…
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Court Jails Two Oil Thieves In Port Harcourt
Justice I.M Sami of the Federal High Court sitting in Port Harcourt, Rivers State has convicted and sentenced two oil thieves to one year imprisonment each for illegal dealing in petroleum products.
The convicts, Friday David and!-->!-->!-->…
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FG to prioritize investments in gas pipelines for local consumption – Minister
The Minister of State for Petroleum Resources, Timipre Sylva, has said a significant network of additional gas pipelines remains a priority for the government as it thinks of strategies to make gas available and affordable for power!-->…
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ADM Energy raises £672,500 as OML 113 stake deal progresses
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, is pleased to announce that it has raised a total of £672,500 by way of a placing and subscription for new ordinary shares in the Company with!-->…
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EMOG Terminal commissions hi-tech Reachstackers
One of Nigeria’s thriving off-dock container warehousing facilities, EMOG Bonded Terminal in Ijora, Apapa, Lagos has expanded its cargo handling fleet with the acquisition of two new hi-tech reachstakers.
The container lifters, branded!-->!-->!-->…
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Nigerian govt directs petroleum ministry vehicles to utilize autogas
*NNPC stations to offer gas products as transportation fuels supplement from September
Minister of States for Petroleum Resources, Timipre Sylva has directed all Chief Executive Officers, CEOs of Ministries Departments and Agencies,!-->!-->!-->…
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Importation of Oil Set to end as Dangote Refinery Receives Steam Recovery Generators
In the past, Nigeria made about $30bn from oil export, and spent about $15bn importing same oil after processing from India, who has no oil. This has been a big loss to the country which led to leakages of about $100bn for years.
With!-->!-->!-->…
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NCDMB to hold workshop for Judiciary
The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to hold the 2020 Annual Capacity Building Workshop for the Judiciary.
The workshop, Valuechain Magazine Online gathered, will be held on Thursday via!-->!-->!-->…
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