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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 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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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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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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As part of its periodic appraisal and reward for outstanding activities of its distributors nationwide, Schneider Electric has decorated Alhaji Bola Azeez, the chief executive officer of Bolamark Engineering Limited. Alhaji Azeez, on…
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As the world battles the effect of recovering demand as a result of the unabated COVID19 virus, statistics shows that Nigeria’s flagship crude, Bonny light closed at $43.17 after losing about 1.57% at the last oil trading session. …
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The Petroleum Products Pricing Regulatory Agency (PPPRA), yesterday, stated that since the government’s policy pronouncement in March, adopting full deregulation of the downstream petroleum sector, oil marketing companies had resumed fuel…
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Emeka Okwuosa is the Chairman, Oilserv Limited, lead contractor for the first segment of the Ajaokuta-Kaduna-Kano AKK, 614km-long pipeline project being developed by the Nigerian National Petroleum Corporation, NNPC. In this interview,…
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For the first time in many years, the Organisation of Petroleum Exporting Countries, OPEC, has confirmed Nigeria’s ability to cut its output from 1.7 million barrels per day, mb/d in May to 1.4mb/d in June 2020. In its July Oil Market…
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The Minister of Transport, Chibuike Amaechi has announced a 100% increment in train fare for the Abuja to Kaduna service. Amaechi, on Saturday told reporters that the fair will double due to the COVID-19 pandemic. Train services are…
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