The Nigerian National Petroleum Company Limited, (NNPCL) has announced the appointment of former Vice President of Abu Dhabi National Oil Company, ADNOC, Jean-Marc Cordier as Head of its oil trading arm, NNPC Trading Ltd. Chief corporate communications officer of NNPC Ltd, Mr. Garba Deen Muhammad, in a statement in Abuja, yesterday, said Mr. Cordier’s appointment […]
Tag: Petroleum
Shell reported a sharp fall in oil spilled as a result of sabotage in Nigeria’s oil-rich Delta in 2022 reflecting closure of operations for six months in the wake of attacks. The volume of crude oil spilled caused by sabotage in the Delta fell to 600 tonnes from 3,300 tonnes the previous year, Shell said […]
.As OPEC, IEA present positive outlooks The price of Nigeria’s Bonny Light, Thursday, rose to $74.35 per barrel, from $72. 51 per barrel, Wednesday, due to positive speculation over the demand outlook in the global market. The price of the premium oil grade that Nigeria depends on to fund its yearly budgets had dropped by […]
The Shell Petroleum Development Company of Nigeria Limited (SPDC) said it has lifted the force majeure on its 250,000 barrels per day (bpd) Bonny export terminal with effect from Wednesday, 15 March, 2023. The oil major had declared the force majeure on March 3, 2022, following a significant decline in crude receipts at the Bonny […]
Oslo-listed jack-up drilling rig leasing firm, Shelf Drilling, has secured a two-year contract in Nigeria for its Shelf Drilling Scepter rig. The contract value for the firm period, including mobilization revenue, is approximately $118 million, Shelf Drilling said, without sharing info on the client’s identity. Shelf Drilling said that the contract had a one-year extension […]
Communities living in the areas affected by the oil exploration project including the pipeline have cried foul over the delay in having their case seeking compensation filed over 10 years ago. Through their representatives, the affected persons said government started by giving them only shs2.1 million per acre before it was increased to shs3.5 million […]
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Nigeria: Yet Another Pipeline Explosion
The Rumuekpe tragedy is one too many No fewer than 12 people were confirmed dead last Friday following another pipeline explosion from an illegal oil bunkering site in Rumuekpe community, Rivers State. According to the state police spokesperson, Grace Iringe-Koko, preliminary investigation indicates that the victims were scooping crude products when the site caught fire. […]
Cape Town’s Twelfth World Naked Bike Ride will take place on Saturday 11 March. It is an annual event in over 74 cities around the world – in the Southern Hemisphere in March and in the Northern Hemisphere in June. We will ride against the burning of fossil fuels, which is contributing to climate change […]
CONSIDER the distance between Windhoek and Mariental, approximately 270 kilometres. That’s roughly the same distance from the Namibian shore where oil was again discovered by Shell, Qatar Energy and the National Petroleum Corporation of Namibia (Namcor). The three are in a joint venture; Shell Namibia B.V (45%), QatarEnergy (45%) and Namcor (10%), and are exploring […]
The chief executive officer(CEO), of the Center For The Promotion Of Private Enterprise(CPPE), Dr. Muda Yusuf, has demanded immediate removal of petrol subsidy regime and plugging of all identified revenue leakages in the oil and gas industry. Yusuf, in a detailed document presenting an economic agenda for the incoming administration said, one of the key […]
JPMorgan Chase is the biggest fossil fuel financier in the world fueling climate chaos – an undisputed fact from the report Banking on Climate Chaos. A new case study and video from Mozambique exposes how this financing also prolongs civil unrest, using unstable situations to force fossil fuel projects. A liquified natural gas (LNG) project […]
Shell Plc’s new boss, Wael Sawan, has said that cutting oil and gas output would be bad for consumers, echoing a pivot by other major producers toward fossil fuels and energy security. “I am of a firm view that the world will need oil and gas for a long time to come,” Shell Chief Executive […]
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Malawi: Zomba, Blantyre Run Out of Fuel
Shortage of fuel has hit the southern regions of Zomba and Blantyre. Motorists in the two cities are confirming of long queues on filling stations. Motorists in Zomba city are being forced to be on long queues to access fuel as most pump stations have run out of both petrol and diesel Zodiak online has […]
The National Oil Spills Detection and Response Agency (NOSDRA) says an investigation into Friday’s explosion at the Rumuekpe section of the Trans Niger Pipeline (TNP) in Rivers is underway. The Police in Rivers State had confirmed that no fewer than 10 people died on Friday following an explosion near the TNP in Rumuekpe, Rivers. Mr […]
The modest gains in oil production was unable to lift Nigeria’s trade balance as the country’s balance of trade position has reversed from surplus to deficit. The country recorded a $20 million trade deficit in November 2022 as against a surplus of $50 million in the previous month of October 2022. The Central Bank of […]
Many persons have been reported killed in an explosion that happened at the crude oil tapping point in a Rivers State Community. The incident happened at Rumuekpe Community in Emohua Local Government Area of the state in the early hours of Friday. It was gathered that the explosion occurred when one of the buses loaded […]
The gas plant was constructed by NNPC Ltd to supply 50 megawatts of electricity to Maiduguri and its environs. President Muhammadu Buhari on Thursday inaugurated the Maiduguri Emergency Power Project, describing the feat as another testament towards achieving a stable, uninterrupted power supply aimed at improving the economy and lives of Nigerians. The gas plant […]
A French civil court on Tuesday threw out a lawsuit brought by environmental campaigners against the French energy giant TotalEnergies over its oil projects in Uganda and Tanzania. Under the case filed in 2019, six French and Ugandan activist groups – including Friends of the Earth France – had accused the company of not doing […]