Oil & Gas

BREAKING: NNPC seeks support to tackle oil theft in Nigeria

NNPC to acquire equity in private refineries in line with FG’s policy

…To Safeguard National Energy Security The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive which stipulates the mandatory participation of the Corporation in any privately-owned refinery that exceeds 50,000 barrels per day capacity […]

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MARKET UPDATE: Oil Prices drop to $72.99 per barrel in early morning trading

Sigmund Oil, Emadeb Energy, Casiva Ltd, Duchess Energy, Duport Midstream, Shafa, others get marginal oil fields

Sigmund Oil, Emadeb Energy, Casiva Ltd, Duchess Energy, Duport Midstream, Shafa, others get marginal oil fields By Eyo Nsima Indigenous oil firms, Sigmund Oil, Emadeb Energy, Casiva Ltd, Duchess Energy, Duport Midstream, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration, have received their marginal oil fields letters from the Department of Petroleum Resources. Presenting

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DPR generates N2.24trn in 8 months, targets N5trn in December

BREAKING: DPR, Nigeria’s oil industry regulator presents Marginal fields award letters to investors in Abuja

BREAKING: DPR, Nigeria’s oil industry regulator presents Marginal fields award letters to investors in Abuja By Eyo Nsima The Department of Petroleum Resources (DPR), Marginal fields award presentation event has started in Abuja, Nigeria. According to the Director/ CEO, DPR, Engr. Sarki Auwalu, only successful investors, who will be receiving their award letters are companies

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PIA: DPR, others collapse website, NUPRC takes over

DPR set to present letters to Marginal fields investors

The Department of Petroleum Resources (DPR), yesterday, announced that it had concluded arrangements to issue award letters to successful investors in the 2020 marginal field bid round programme. In a statement signed by the Head, Public Affairs of the organisation, Mr. Paul Osu, it noted that the award ceremony has now been officially scheduled to

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Total: Shareholders approve board resolutions

Total: Shareholders approve board resolutions

Total: Shareholders approve board resolutions . TOTAL SE becomes TotalEnergies SE .  Patrick Pouyanné reappointed as Chairman/CEO By Eyo Nsima The Combined Shareholders’ Meeting of Total SE was held on May 28, 2021, under the chairmanship of Mr. Patrick Pouyanné, according to the company. In a statement obtained by The Daily, www.thedaily-ng.com, it stated: “The shareholders

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Total Group: Capital increase reserved for employees in 2021

Total Group: Capital increase reserved for employees in 2021

Total Group: Capital increase reserved for employees in 2021 In accordance with its policy in favor of employee shareholding, the Board of Directors of Total SE decided, on September 16, 2020, to carry out a capital increase reserved for eligible employees and former employees of Total SE and its French and foreign subsidiaries in which

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Total transforms into TotalEnergies

Total transforms into TotalEnergies By Eyo Nsima The shareholders of Total, Friday, unanimously agreed to change the name of the company to TotalEnergies. In a statement obtained by The Daily, www.thedaily-ng.com, the company, stated: “At the Ordinary and Extraordinary Shareholders’ Meeting, shareholders approved today, almost unanimously, the resolution to change the company’s name from Total to

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Shell, Rivers govt. inaugurate multi-billion Cassava firm

Shell, Rivers govt. inaugurate multi-billion Naira Cassava firm By Eyo Nsima   Leading energy company, Shell, on Thursday inaugurated a multi-billion-naira Rivers Cassava Processing Company Limited built-in partnership with the Rivers State Government, Vieux Manioc BV of the Netherlands, and the Embassy of The Netherlands in Nigeria. Shell says the company will support the economy

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DPR generates N2.24trn in 8 months, targets N5trn in December

Nigeria needs $2bn monthly for fiscal sustainability as FG builds oil reserves

By Eyo Nsima The Department of Petroleum Resources (DPR) has stated that the country needs over $2 billion monthly revenue to remain sustainable as a nation. The Director, DPR, Sarki Auwalu, warned that without this monthly income, the economy would be in doldrums as over 70 per cent of the $2 billion is presently being

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