DPR REITERATES SUPPORT FOR INVESTMENT IN OIL, GAS The Director, Department of Petroleum Resources (DPR) Mr. Sarki Auwalu, has reiterated the commitment of the organization to support investments in the oil and gas industry to the benefit of all stakeholders. Auwalu stated this when a delegation from Portland Gas in company with their technical partners […]
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A decade of Gas: OGSPAN urges FG not to impose VAT on LPG By Eyo Nsima The Oil and Gas Service Providers Association of Nigeria, OGSPAN, has urged the Federal Government not to impose the Value Added Tax, VAT, on Liquefied Petroleum Gas, LPG. According to OGSPAN, the planned imposition of VAT on LPG would
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PIND, CNL partner with IRDC to electrify Ondo riverine communities In a bid to provide sustainable energy to some riverine communities in Ondo State, oil giants, NNPC/Chevron Nigeria Ltd Joint Venture (CNL), in partnership with Ilaje Rural Development Committee (IRDC) and Foundation for Partnership Initiatives in the Niger Delta (PIND) have inaugurated a solar power electricity project. The News
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TotalEnergies and its partner Qatar Petroleum have been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021. TotalEnergies shall operate these blocks, situated in shallow water with depths between 30 meters and 50 meters, and adjacent to the TotalEnergies operated Block 58, where 4 significant discoveries have been made since January
Rainoil Limited has assured safety around the Ijegun-Egba community where its LPG depot is located, stating that there is no gas leak. In a press statement, the company stated that the speculation and rumour of a gas leak was unfounded . “Rainoil today carried out a routine fire safety drill to ensure the preparedness of
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The Nigerian Content Development and Monitoring Board (NCDMB) and Nexim Nigerian Export-Import Bank on Wednesday in Abuja signed a memorandum of understanding on the administration of US$30 million Working Capital Fund for oil and gas service companies. The Fund was conceived by the NCDMB to support the operations of local oil companies against the adverse
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SUDAN: Ministry of Petroleum Launches First Licensing Round . Analysts see a prospect with increasing political stability By Eyo Nsima The Ministry of Petroleum (MoP) of the Republic of South Sudan, has announced the launch of the country’s first Oil Licensing Round. The MoP said it has identified new exploration blocks with potential hydrocarbons and
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NNPC, EFCC, Others Partner to Tackle Petroleum Products Smuggling, Crude Oil Theft The Nigerian National Petroleum Corporation (NNPC) is collaborating with the Economic and Financial Crimes Commission (EFCC), Department of State Services (DSS), Nigeria Police Force (NPF), Nigeria Customs Service (NCS), Nigeria Security and Civil Defence Corps (NSCDC) and other relevant downstream and upstream stakeholders
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Managing Director of The Shell Petroleum Development Company of Nigeria (SPDC), Mr. Osagie Okunbor, has emerged winner of the 2021 Award for Excellence and Integrity in Corporate Leadership of the Federal University of Petroleum Resources (FUPRE), Effurun in Delta State. ‘The university recognises your industry leadership and observed personal qualities, values and approach to leadership
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OPEC Daily Basket – June 18, 2021 OPEC daily basket price stood at $71.56 a barrel Friday, 18 June 2021, compared with $72.29 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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