Oil & Gas

By Eyo Nsima The Nigerian National Petroleum Corporation [NNPC] has promised to support NIPCO Plc in its efforts, targeted at boosting investment in the gas sector. The Managing Director, Gas Aggregation Company of Nigeria , Olalekan Ogunleye, who visited the stand of the company at the recently concluded 2021 Gas Sector Stakeholders Forum in Kano […]

The Department of Petroleum Resources has been awarded the best exhibitors award at the 2021 Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE) in Lagos. A statement issued on Friday by Mr. Paul Osu, Head, Public Affairs, DPR, on Friday in Lagos said the regulatory agency bagged the award for its

Oil spill occurred on August 7, 2021, at oil terminal pier operated by Caspian Pipeline Consortium in Yuzhnaya Ozereevka, Novorossiysk, Russia, Black sea, according to FleetMon. It stated: “Oil spill occurred on Aug 7 at oil terminal pier operated by Caspian Pipeline Consortium in Yuzhnaya Ozereevka, Novorossiysk, Russia, Black sea. “Oil spill covered some 200

By Eyo Nsima Capt Idahosa Okunbo, a billionaire oil magnate and Chairman of Ocean Marine, has passed on In London. The family has not yet disclosed the cause of his death, but unconfirmed sources attributed it to cancer. Until his death, he was the Chairman of Ocean Marine Solutions, with the mission to, “To enhance

Bonny Light price drops further to $70 per barrel By Eyo Nsima The price of Bonny Light, Nigeria’s premium oil grade, has dropped further to $70 per barrel, from $72 recorded early this week. The drop in the price of the crude and other crudes was attributed to the resurgence of the Coronavirus pandemic and

DPR deploys inventory tool to check PMS diversion As subsidy costs weigh down government interventions due to rising consumption of premium motor spirit (PMS) occasioned by smuggling and sharp practices in the downstream sector, the Department of Petroleum Resources (DPR) has set a December deadline for filling stations to register on its Downstream Remote Monitoring

Brazil: TotalEnergies launches Phase 4 on the Giant Mero Field Development   TotalEnergies and its partners have taken the investment decision for the fourth phase of the Mero project (Libra block), located deep offshore, 180 kilometers off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin. The Mero 4