Oil and Gas Archives — Page 14 of 17

April 27, 2020 No Responses

Agip Deploys More Measures Aganst COVID-19

Nigerian Agip Oil Company Limited (NAOC), on Sunday, explained that it has implemented far reaching measures to ensure safety of personnel and facilities in its operating and field locations. A statement issued onbehalf of the company by Folu Olapade explained...

April 14, 2020 No Responses

Shell Resumes Oil Export From Forcados Oil Export Terminal

Shell Petroleum Development Company of Nigeria Limited (SPDC) on Monday said it has resumed oil exports from the Forcados Oil Export Terminal. NAN reports that SPDC halted exports on April 4 over ‘unforeseen circumstances’ in its operations. Mr Michael Ada...

March 31, 2020 No Responses

Oil Price Drops To Lowest Level In 18 years

The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $22.58 (£18.19) a barrel at one point on Monday, its lowest level since November 2002....

February 19, 2020 No Responses

Nigeria Loses $750m To Oil Theft In 2019

Nigeria lost about 750 million dollars to oil theft in 2019, the Nigerian National Petroleum Corporation (NNPC), said on Tuesday .The NNPC Group Managing Director, Malam Mele Kyari, disclosed this in a statement signed by the Acting spokesman for the...

February 13, 2020 No Responses

Nigeria Discovers Crude Oil In Northeast

The Minister of State for Petroleum Resources, Chief Timipre Slyva, said that about one billion Barrels of Crude oil have been discovered in Northeastern part of Nigeria. Sylva made the disclosure at a news Conference to end the 2020 Nigeria...

February 9, 2020 No Responses

New LNG Transshipment Terminal Gets Approval

Russia’s federal autonomous institution, Glavgosexpertiza has reviewed and approved the design documentation and engineering survey results for the construction of an LNG transshipment terminal in the Kamchatka Territory. In October 2017, the Kamchatka gover...

January 4, 2020 No Responses

Oil Prices Jump After Iranian General Killed By US

Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production. The price of Brent crude jumped by more than 3%...

January 3, 2020 No Responses

NNPC Explains N13.23b Trade Surplus

The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019. This represented an increase of 54 per cent compared to ₦8.59 billion surplus posted in September 2019. The Corporation disclosed this in its Mo...

December 23, 2019 No Responses

Shell, Firm Seal $307.3m LNG Deal

Shipping Firm, Korea Line Corporation (KLC), part of Samra Midas Group, has signed a time charter contract for two LNG carriers with Shell Tankers (Singapore) Limited. The company in a Stock Exchange filing explained that the deal is worth KRW...

December 16, 2019 No Responses

NNPC Declares N5.20b Trade Surplus

The Nigerian National Petroleum Corporation (NNPC) said it made ₦5.20billion trading surplus for the month of August, reflecting an increase of 22 per cent compared with the ₦4.26 billion surplus posted in July. The corporation disclosed this in its Monthl...

December 9, 2019 No Responses

Shell, Firm Seal $245m Charter Deal

Petroleum and chemical tanker owner, AET Tanker Holdings has secured $245million time charter contracts with Brazil Shipping I Limited, a subsidiary of Royal Dutch Shell. Under the terms of the deal, AET said it would own and operate the related newbuilding.....

November 20, 2019 No Responses

Nigeria Implores ExxonMobil, Others On Collaboration

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has tasked ExxonMobil and other International Oil Companies (IOCs) on strong collaboration to ensure efficient oil and gas sector in Nigeria. A statement signed by Alhaji Garba Deen Muhammad, ...

November 13, 2019 No Responses

Kyari Tasks NNPC Retail On Unadulterated Products

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has challenged the board and managementg of NNPC Retail Limited to ensure the delivery of unadulterated products to motorists nationwide. K...

November 2, 2019 No Responses

14 Firms Bid For OML 119 Redevelopment Financing

The Nigerian National Petroleum Corporation (NNPC) has publicly opened bids from 14 companies for the financing and redevelopment of Oil Mining Lease (OML) 119. The Corporation disclosed this in a statement issued by its Acting spokesman, Mr Samson Makorji, in...