ExxonMobil no longer second most valuable energy firm
Oil major, ExxonMobil’s value is gradually sliding as the firm no longer ranks as the world’s second most valuable energy firm, according to a report by Economic Times.
The most valuable company in India with diversified operations,!-->!-->!-->…
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MELE KYARI: Fuel Subsidy is a Misallocation of Resources, Benefitting the Rich
Early this month, Mr. Mele Kolo Kyari, geologist, crude oil marketer and the 19th Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC) clocked one year in the saddle. Since his appointment in July 2019, Kyari!-->…
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Illegal refineries destroyed as troops battle crude oil thieves
Scores of illegal refineries where stolen crude oil is suspected to be refined in the creeks of the Niger Delta have been uncovered and destroyed by troops of the Operation Delta Safe in a renewed offensive against crude oil thieves.
No!-->!-->!-->…
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Stakeholders advocate strategies for development of oil and gas zones
Stakeholders have advocated for a Repositioning the Oil and Gas Free Zones for Global Competitiveness. Speaking at the Webinar organised by SING Nigeria, a good governance and accountability organisation, which partnered with other CSOs in!-->…
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Nigeria’s regulators trade blame as killer fuels dominate nation’s oil sector
While various scientific research results have linked annual deaths of more than 100,000 Nigerians to air pollution, partly caused by the dirty fuel imported into the country by commodity dealers, the various regulatory bodies saddled with!-->…
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Senate Calls for Review of Power Purchase Agreement with Azura
*Omo-Agege Calls for outright cancellation, describes PPA with Azura as “another P&ID in our hands
The Senate has called for a review of the Power Purchase Agreement (PPA) between the Federal Government and Azura Power Plant,!-->!-->!-->…
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Nigeria’s Power Agencies Jostle Over Ban on 33KV Transmission Line
Nigerian Electricity Regulatory Commission (NERC) has ordered the power Distribution Companies (DisCos) to discontinue from directly connecting power users’ facilities to 33 kilovolts (KV) lines.
The order comes to them despite a ban by!-->!-->!-->…
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Nigeria’s Oil Export Margins May Remain Negative for Some Time
A new report from the Oxford Institute for Energy Studies (OIES), has stated that the margin for exporting oil products remain negative, and could remain so for the duration of 2020, even with glut in the Liquefied Natural Gas (LNG)!-->…
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DPR Warns Against Circulation Of Substandard Lubricant In Bauchi
Nigeria’s petroleum regulatory institution, Department of Petroleum Resources (DPR) in Bauchi, has cautioned retailers against circulation of substandard Base Oil (Lubricant) products.
Mr Abdullahi Iliyasu, the Controller Operations of!-->!-->!-->…
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PGS data covers key blocks for Nigeria’s 2020 Bid Round
The PGS Nigeria MultiClient data library provides excellent 2D and 3D seismic coverage over recently announced blocks in the 2020 Marginal Fields Bid Round.
The Department of Petroleum Resources (DPR), on behalf of the Federal!-->!-->!-->…
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