OIL & GAS
NUPENG, PENGASSAN, decry state of insecurity
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have raised concern over the level of insecurity in the country.
The President of PENGASSAN, Mr. Ndukaku Ohaeri, and his NUPENG counterpart, Mr. Williams Akporeha, spoke at a joint news conference on yesterday in Lagos.
Oil search: We’re making progress in frontier basins –NNPC GMD
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, has raised the hope of a likely oil find in the frontier basins, saying that significant progress has been made in the ongoing exploration.
NNPC, Total to Grow Production, Reserves
The Nigerian National Petroleum Corporation (NNPC) and Total Nigeria have expressed their readiness to work together to grow daily national crude oil and gas production and reserves to meet the national target of 40 billion barrels.
NNPC redeploys NPDC staff to meet reserve target
The Nigerian National Petroleum Corporation (NNPC) has clarified the redeployment of 12 management staff of its flagship upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).
Crude reserve will hit 40 billion barrels in 2023 — NNPC
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Tuesday, said significant progress had been made in the ongoing exploration of inland basins and that the target of growing the nation’s reserve to 40 billion barrels by 2023 was realistic and achievable.
We’ve made huge progress on oil search at Bauchi, others – NNPC GMD
Mr. Mele Kolo Kyari, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC). Mr. Mele Kolo Kyari, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC). The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has revealed that significant progress has been made in the ongoing exploration of inland basins, saying the target of growing the nation’s reserve to 40billion barrels by 2023 was realistic and achievable.
Nigeria’s crude oil production to witness eight per cent decline
Nigeria’s crude oil production may witness a steady decline to approximately 7.93 per cent before 2025, a new research, conducted by U.S.-based Orbis Research has said. Being the same year Nigeria has targeted to increase oil reserve to about 40 billion and daily production to about three million barrels per day, the current revelation raises doubts over the achievement of the target.
NNPC Spokesman Bags NAEC Excellence Award
The Group general manager, Group Public Affairs Division (GPAD) of the Nigerian National Petroleum Corporation (NNPC), Mr. Ndu Ughamadu , has bagged the Association of Energy Correspondents of Nigeria (NAEC) Excellence Award.
Eni makes significant gas, associated condensate discovery onshore Nigeria’s N/Delta
Italian Eni through its affiliate Nigeria Agip Oil Company (NAOC) has made a significant gas and condensate find in the deeper sequences of the Obiafu-Obrikom fields, in Oil Mining Lease (OML) 61, onshore Niger Delta.
Ministry of Petroleum sets to host NIPS in 2020
The Permanent Secretary, Ministry of Petroleum Resources Dr Folasade Yemi-Esan, has said the ministry is set to host the third edition of annual Nigeria Petroleum Summit (NIPS) in Abuja in the year 2020.
Nigeria’s Oil Export to China Hit 3m Barrels in 30 Days
The latest China bound VLCC crude laden vessel is marking its biggest month of buying from Nigeria in years as it ramps up its crude exports.
Oil Prices Fall As Market Eyes Trade War
Oil prices fell on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in OPEC output. U.S. crude CLc1 was down 26 cents, or 0.5 per cent, at 54.84 dollars a barrel by 0644 GMT, while Brent LCOc1 was down 6 cents at 58.60 dollars a barrel.
Oando licensee, OVH Energy, fires 70 employees
OVH Energy Marketing Limited, a licensee of the Oando retail brand, said on Tuesday that it had sacked 70 of its employees.
Soldiers take over Delta’s illegal oil refinery
Soldiers have raided and taken over an illegal crude oil refining site in Otumara community, Warri South-West Local Government Area of Delta State, and destroyed facilities being used for illegal oil bunkering.
Again, DPR Seals Two Fuel, One Gas Stations in Delta
Again, the Department of Petroleum Resources (DPR), Warri Zonal Office has sealed two petrol stations and a cooking gas shop in Delta in continuation of its routine surveillance exercise.
Total Sponsors Students to NASA
The staff multipurpose cooperative society of Total E&P Nigeria, has disclosed that they recently sponsored another batch of students to the National Aeronautics and Space Administration (NASA), United States of America in a week-long trip. This, they said was part of their initiative to promote Science, Technology, Engineering, and Mathematics (STEM) in the country.
Leveraging LPG penetration to reduce carbon emissions
At a time when many countries are exploring efforts to decarbonise their environment, the National Conservative Agency notes that Nigeria emits about 200 million metric tons of greenhouse gases from different traditional energy sources such as kerosene, burning of charcoal and others sources even as the country’s deforestation rate stands at about 67 per cent.
NLC calls for review of obsolete labour laws
The Nigeria Labour Congress (NLC) President Ayuba Wabba on Tuesday called for a review of obsolete labour laws in the country to bring them up to date with international best practices.