Ad
Shell Petroleum Development Company of Nigeria (SPDC) says it has so far recorded 51 leaks from its oil production activities in the Niger Delta in 2021. According to data obtained by the News Agency of Nigeria (NAN) from the oil firm’s website on Tuesday, 44 of the spill incidents were traced to sabotage by vandals.…
June 15, 2021
The Federal Government has signed shareholders agreement for the construction of Brass Petroleum Products Terminal Ltd (BPPT) to curb illegal refining and stabilise products price in the Niger Delta. Chief Timipre Sylva, Minister of State for Petroleum Resources, at the signing ceremony on Friday in Abuja said the project would help to sanitise the system…
June 11, 2021
The Federal Government says deployment of digital technology is key to reducing the Unit Operating Cost (UOC) of producing crude oil in Nigeria to 10 dollars per barrel by December 2021. Mr Bitrus Nabasu, Permanent Secretary, Ministry of Petroleum Resources, made the assertion on Monday, at the ongoing 2021 Nigeria International Petroleum Summit (NIPS) in…
June 7, 2021
The maiden edition of the African Local Content Roundtable ended on Friday at the Nigerian Content Tower in Yenagoa, Bayelsa State, with a strong push by Nigeria and other members of the African Petroleum Producers Association (APPO) to develop regional oil and gas investments and renegotiate the COP-21 Climate Change Agreement which is driving the…
June 7, 2021
By Irina Slav Crude oil prices strengthened further this week hitting their highest level in more than two years, after OPEC+ signaled its growing optimism about the balance between demand and supply, and confirmed that it planned to continue increasing production. Bloomberg quoted Saudi Energy Minister Abdulaziz bin Salman as saying that crude oil demand “has shown clear…
June 2, 2021
Nigeria’s Department of Petroleum Resources (DPR) has concluded the 2020 marginal oilfield bid round. The process is the first successful bid since 2003 when 24 assets were put on offer. The process, which culminated in the presentation of letters to the bid winners in Abuja by the industry regulator, started in June last year, with…
June 1, 2021
FG Should Set up Commission To Manage Fund For Communities - Emuh Delta, Edo, Bayelsa women make case for 100% derivation to communities As Nigerians hope for the emergence of a better constitution from the ongoing alteration exercise of the 1999 Constitution of the Federal Republic of Nigeria, the oil and gas Host Communities of…
May 29, 2021
The Nigerian National Petroleum Corporation (NNPC) says that 54 petroleum pipeline points were vandalised in February 2021. The Corporation disclosed this on its Monthly Financial and Operations Report (MFOR) for the month of February released in Abuja, on Thursday. It said the number represented 50 per cent increase from 27 points recorded in January this…
May 27, 2021
Urge More Groups to Sue Oil Companies As Court Orders Shell to Cut Emissions 45% by 2030 The Health of Mother Earth Foundation (HOMEF), Corporate Accountability and Public Participation Africa (CAPPA) and Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) have hailed Wednesday's court ruling against Shell in The Hague in a climate change case…
May 27, 2021
Advert
Ad
Shell Petroleum Development Company of Nigeria (SPDC) says it has so far recorded 51 leaks from its oil production activities in the Niger Delta in 2021. According to data obtained by the News Agency of Nigeria (NAN) from the oil firm’s website on Tuesday, 44 of the spill incidents were traced to sabotage by vandals.…
June 15, 2021
The Federal Government has signed shareholders agreement for the construction of Brass Petroleum Products Terminal Ltd (BPPT) to curb illegal refining and stabilise products price in the Niger Delta. Chief Timipre Sylva, Minister of State for Petroleum Resources, at the signing ceremony on Friday in Abuja said the project would help to sanitise the system…
June 11, 2021
The Federal Government says deployment of digital technology is key to reducing the Unit Operating Cost (UOC) of producing crude oil in Nigeria to 10 dollars per barrel by December 2021. Mr Bitrus Nabasu, Permanent Secretary, Ministry of Petroleum Resources, made the assertion on Monday, at the ongoing 2021 Nigeria International Petroleum Summit (NIPS) in…
June 7, 2021
The maiden edition of the African Local Content Roundtable ended on Friday at the Nigerian Content Tower in Yenagoa, Bayelsa State, with a strong push by Nigeria and other members of the African Petroleum Producers Association (APPO) to develop regional oil and gas investments and renegotiate the COP-21 Climate Change Agreement which is driving the…
June 7, 2021
By Irina Slav Crude oil prices strengthened further this week hitting their highest level in more than two years, after OPEC+ signaled its growing optimism about the balance between demand and supply, and confirmed that it planned to continue increasing production. Bloomberg quoted Saudi Energy Minister Abdulaziz bin Salman as saying that crude oil demand “has shown clear…
June 2, 2021
Nigeria’s Department of Petroleum Resources (DPR) has concluded the 2020 marginal oilfield bid round. The process is the first successful bid since 2003 when 24 assets were put on offer. The process, which culminated in the presentation of letters to the bid winners in Abuja by the industry regulator, started in June last year, with…
June 1, 2021
FG Should Set up Commission To Manage Fund For Communities - Emuh Delta, Edo, Bayelsa women make case for 100% derivation to communities As Nigerians hope for the emergence of a better constitution from the ongoing alteration exercise of the 1999 Constitution of the Federal Republic of Nigeria, the oil and gas Host Communities of…
May 29, 2021
The Nigerian National Petroleum Corporation (NNPC) says that 54 petroleum pipeline points were vandalised in February 2021. The Corporation disclosed this on its Monthly Financial and Operations Report (MFOR) for the month of February released in Abuja, on Thursday. It said the number represented 50 per cent increase from 27 points recorded in January this…
May 27, 2021
Urge More Groups to Sue Oil Companies As Court Orders Shell to Cut Emissions 45% by 2030 The Health of Mother Earth Foundation (HOMEF), Corporate Accountability and Public Participation Africa (CAPPA) and Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) have hailed Wednesday's court ruling against Shell in The Hague in a climate change case…
May 27, 2021
