As part of the sessions lined up for the 4th edition of Nigeria International Petroleum Summit (NIPS) taking place at the International Conference Centre (ICC) Abuja, the Department of Petroleum Resources (DPR) and National Petroleum Investment Management Services (NAPIMS) will use the opportunity and the platform to give status update of their organization’s activities to
DPR, NAPIMS special briefings to hold at NIPS2021 Read More »
By Eyo Nsima TotalEnergies has signed a Sale and Purchase Agreement (SPA) with Novatek to acquire 10% of Arctic Transshipment LLC, a wholly owned subsidiary of Novatek, which owns and will operate two liquefied natural gas (LNG) transshipment terminals being built in the Murmansk and Kamchatka regions of Russia. These terminals will provide export logistics
Russia: TotalEnergies acquires 10% of Arctic Transshipment LLC from Novatek Read More »
NIPS 2021 to produce oil and gas industry action plan for the post-Covid-19 pandemic era …. Ministerial session to feature African Energy Ministers The Nigeria International Petroleum Summit (NIPS), the African Petroleum Technology & Business Conference, scheduled for June 6 – 10, 2021, is primed to come up with an action plan for Africa’s
NIPS 2021 to produce oil and gas industry action plan for the post-Covid-19 pandemic era Read More »
BREAKING: Nigeria’s Bonny Light price hits $70.15 per barrel By Eyo Nsima The price of Nigeria’s Bonny Light has risen further to $69.37 per barrel from $68.38 per barrel, recorded early this week, as the just-concluded Organisation of Petroleum Exporting Countries, OPEC, and Non-OPEC Ministers meeting continues to impact the market. At the 17th OPEC
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WED 2021: Chevron Nigeria Limited’s Commitment to Ecosystem Restoration “To cherish what remains of the Earth and to foster its renewal is our only legitimate hope of survival.” These words of Wendell Erdman Berry underscore the emerging conversations as we mark yet another World Environment Day. The World Environment Day, which takes place annually on June 5 is an
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Oil Market: Brent price rises to $70.63 per barrel on OPEC, Non-OPEC actions .As Nigeria’s Bonny Light bounces to $69.37 per barrel By Eyo Nsima The price of Brent, Wednesday, surged further to $70.63 per barrel from $70 recorded on Tuesday, this week, due mainly to the decisions of Organisation of Petroleum Exporting Countries, OPEC,
Oil Market: Brent price rises to $70.63 per barrel on OPEC, Non-OPEC actions Read More »
By Eyo Nsima The Global oil market has started to show signs of improvement as tThe 17th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, ended on Tuesday, 1 June 2021. In a statement obtained by The Daily, Tuesday, OPEC, stated: “The Meeting noted the ongoing strengthening of market fundamentals, with oil demand showing
Oil market shows signs of improvement as OPEC, non-OPEC Ministerial Meeting ends Read More »
Following the expiration of deadline given to all Petroleum Marketers by the Department of Petroleum Resources (DPR) within when to register their retail outlets into its e-Station platform, Abia State Field Office of DPR has advised Petroleum Marketers in the State to cue into the platform or risk not having their operational license renewed. Recall
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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
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…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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