OPL 245: Milan court rules on sale of $1.3 bn oil field . As FG, Shell, Eni react By Eyo Nsima The Milan court, Italy, has acquitted Shell, Eni, and their officials of alleged corruption over the sale of Oil Prospecting License, OPL 245. In 2011, Shell, and Eni, were accused of
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The Minister Of State For Petroleum Resources, Chief Sylva Tmipre, Has Performed The Groundbreaking Of the Rungas Cylinder Plant. The facility alongside its sister plant – Rungas Prime in Polaku, Bayelsa State are being developed with equity investments by the Nigerian Content Development and Monitoring Board (NCDMB) and will on completion have a combined capacity
OPEC Daily Basket – March 15, 2021 OPEC daily basket price stood at $68.18 a barrel Monday, 15 March 2021, compared with $68.14 the previous Friday https://www.opec.org/opec_web/en/press_room/6291.htm
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We still need to recover N69.51bn, $5.31bn from oil industry operators- NEITI By Eyo Nsima The Nigeria Extractive Industries Transparency Initiative, NEITI, has expressed its determination to recover revenues amounting to N69.51 billion and $5.31 billion from oil and gas operators in Nigeria. The Executive Secretary, Nigeria Extractive Industries Transparency Initiative, NEITI, Dr. Orji Ogbonnaya Orji, who disclosed this during his maiden
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NNPC pledges support for fight against illicit drugs As a socially responsible entity, the Nigerian National Petroleum Corporation (NNPC) says it would do everything within its power to support the fight against drug trafficking in Nigeria. The Group Managing Director of NNPC, Mallam Mele Kyari,made the commitment Friday in Abuja during the visit of the
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AFRICA: Oil Exploration drops by 53.5% as Algeria, Libya, Nigeria emerge as the top three nations By Eyo Nsima There are indications that oil exploration has dropped in Africa by 53.5 per cent, as the Coronavirus pandemic continues to haunt the continent. According to data obtained from the March Oil Market Report of the
BREAKING: Petrol price rises to N212.61 in Nigeria .NNPC subsidises with N42 per litre By Eyo Nsima The Petroleum Products Pricing Regulatory Agency, PPPRA, has fixed Nigeria’s petrol price at N212.61 per litre, for the month of March 2021, according to the PPPRA’s PMS guiding price, released to stakeholders, on March 11, 2021.
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Seplat shows a strong commitment to the environment, people, and values … gets NSE’s applaud on its robust sustainability achievements Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), is strongly committed to deploying resources and expertise to create
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OPEC Daily Basket – March 10, 2021 OPEC daily basket price stood at $65.60 a barrel Wednesday, 10 March 2021, compared with $66.38 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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The Department of Petroleum Resources (DPR) says it shutdown 86 Liquefied Petroleum Gas (LPG) plants in Lagos State in 2020 for operating illegally. Mr Paul Osu, Head, Public Affairs, DPR made this known in a statement issued on Wednesday in Lagos. Osu said LPG (cooking gas) plants were shut down for non-compliance with international safety
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