<strong>NNPC Replaces Eroton As Operator Of OML 18</strong>

NNPC Replaces Eroton As Operator Of OML 18

The management of Nigerian National Petroleum Company (NNPC) Limited has replaced Eroton Exploration and Production Limited as the new operator of oil mining lease (OML) 18. The Chief Corporate Communications Officer, NNPC Ltd, Mr Garbadeen Muhammad, in a statement on Monday explained...
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MOMAN Tasks Downstream Operators On Automation

MOMAN Tasks Downstream Operators On Automation

The Major Oil Marketers Association of Nigeria (MOMAN) on Saturday urged operators in the Nigerian downstream sector to ensure automation of their services. According to the body, their services being automated will help them on data generation, improve produc...
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FG Approves Contracts For Transmission Company Of Nigeria 

FG Approves Contracts For Transmission Company Of Nigeria 

The Federal Executive Council (FEC) approved the procurement, design, installation and construction contracts and projects for the Transmission Company of Nigeria(TCN) on Wednesday in Abuja. Minister of Power, Alhaji Abubakar Aliyu, told State House correspond...
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Shell, Hapag-Lloyd Seal LNG Deal

Shell, Hapag-Lloyd Seal LNG Deal

German liner major. Hapag-Lloyd has signed a multi-year agreement for the supply of Liquefied Natural Gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construct...
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NLNG Begins Phase Two  Of Hospital Support Programme

NLNG Begins Phase Two  Of Hospital Support Programme

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Sylva: Theft, Pipeline Vandalism Responsible For Crude Losses

Sylva: Theft, Pipeline Vandalism Responsible For Crude Losses

The Minister of State Petroleum Resources, Chief Timipre Sylva has attributed loss of revenue from crude production to theft, pipeline vandalism and decayed infrastructure.  The minister, in a statement on Monday by his Senior Adviser, Media and Communica...
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SNEPCo’s Bonga FPSO Hits 1b Barrel Milestone

SNEPCo’s Bonga FPSO Hits 1b Barrel Milestone

Nigeria’s first deep-water exploration and production vessel, Bonga, hit a one-billion-barrel oil export mark on Monday.  The Managing Director, Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Mrs Elohor Aiboni, explained in a statement t...
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Oil Falls On Demand Concerns 

Oil Falls On Demand Concerns 

Oil prices eased on Monday morning after rising 2% in the previous session as investors shrugged off the impact of Russian output cuts, instead focusing on short-term demand concerns stemming from refinery maintenance in Asia and the United States.  ...
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FEC Approves N117b For Oil Museum  

FEC Approves N117b For Oil Museum  

The Federal Executive Council (FEC) has approved N117 billion for the construction of Oloibiri oil museum in Bayelsa.  The Minister of State for Petroleum resources, Mr Timipre Sylva, made this known when he briefed State House correspondents on the outco...
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NNPCL Begins Direct Supply Of Petrol To IPMAN 

NNPCL Begins Direct Supply Of Petrol To IPMAN 

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday disclosed that the management of the Nigerian National Petroleum Company Ltd. (NNPCL) has allocated petrol to its members directly to ease scarcity.  Mr Chinedu Okoronkwo, the N...
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Shell, NDDC To Reconcile Accounts  

Shell, NDDC To Reconcile Accounts  

The Managing Director of Shell Petroleum Development Company of Nigeria Limited, SPDC, and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, has pledged to work with officials of the Niger Delta Development Commission, NDDC, to reconcile the statu...
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G7, EU Announce Price Cap On Russian Diesel 

G7, EU Announce Price Cap On Russian Diesel 

The Group of Seven (G7) industrialized countries, the European Union and Australia agreed to limit the price of Russian diesel on Friday.  The new price cap focuses on refined oil products, following up from a previous price cap on Russian...
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Geregu Power Declares 50.5% Drop In Profit  

Geregu Power Declares 50.5% Drop In Profit  

Geregu Power Plc has reported 50.5 per cent decline in profit as revenue dropped and earnings impaired negatively.     The company, listed on the NGX last year reported N10.17billion profit in 2022 as against N20.55billion in 2021, while profit ...
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<strong>Price Cap On Russian Refined Fuels To Disrupt Trade</strong> 

Price Cap On Russian Refined Fuels To Disrupt Trade 

The European Union’s ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more than an embargo on crude oil.  Although Western sanctions...
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