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Oil prices hit a nine-month high early on Thursday after U.S. government data showed that crude stockpiles fell last week and on optimism over a coronavirus relief package in the United States. Brent crude futures rose by 28 cents, or 0.6%, to $51.36 a barrel at 0116 GMT, while U.S. West Texas Intermediate (WTI) crude…
December 17, 2020
By Felicity Bradstock Oman is moving full steam ahead with its oil production, establishing a new company for upstream oil and gas. Energy Development Oman (EDO) will have a stake in the majority state-owned Petroleum Development Oman (PDO) as well as developing independent projects. EDO will be primarily focused on Oman’s biggest oil field in…
December 12, 2020
International concerns are already mounting with the continued closure of the operational head office of Seplat Petroleum Development Company (SPDC) on the orders of a court ruling obtained by Access Bank Nigeria Plc. With just about two weeks to the end of the year, and with no likely indication that the office would be unsealed…
December 12, 2020
Residents Reveal As Global Environmentalists Carpet Oil Giant There is more to the endless oil spills ravaging communities in the Nigeria's Niger Delta region than meets the eye. A new investigation into the spills revealed that employees of Shell Nigeria, overseeing the Nigerian operations of the Royal-Dutch Shell Company are orchestrating the oil spills, bursting…
December 11, 2020
The news that the National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have vowed to cripple oil facilities in Edo and Delta States being operated by Pan Ocean Oil Limited did not come to many as a surprise. This is because Pan Ocean…
December 7, 2020
The National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have vowed to shut down existing oil and gas facilities in Edo and Delta States being operated by Pan Ocean Oil Limited. Pan Ocean Oil Limited was recently acquired by Asset Management Company of…
December 7, 2020
Nigeria's badly hit economy may emerge out of the waters sooner than projected as global oil prices recorded some gains Friday, marking the fifth week of consecutive modest rise on the back of the OPEC+ deals. Organization of the Petroleum Exporting Countries (OPEC) and their allies including Russia, are collectively referred to as OPEC+. Read…
December 4, 2020
President Muhammadu Buhari has unveiled the Natural Gas Expansion Programme (NGEP) and Auto-gas initiative with a call on Nigerians to embrace the use of gas as an alternative to Premium Motor Spirit (PMS). Speaking at a virtually held event at the State House, Abuja on Tuesday to unveil National Gas Expansion Programme and National Auto-gas…
December 1, 2020
Oil producing areas have capacity to manage fund - Jemide Community control of derivation fund has precedence - Okrika Oil producing areas fought for 13% derivation, not governors - Etoromi As Ex-agitators urge FG to hold state governors accountable for N50trn derivation fund From Amaechi Prosper (The New Diplomat's Delta Correspondent) The clamour for direct…
November 30, 2020
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Oil prices hit a nine-month high early on Thursday after U.S. government data showed that crude stockpiles fell last week and on optimism over a coronavirus relief package in the United States. Brent crude futures rose by 28 cents, or 0.6%, to $51.36 a barrel at 0116 GMT, while U.S. West Texas Intermediate (WTI) crude…
December 17, 2020
By Felicity Bradstock Oman is moving full steam ahead with its oil production, establishing a new company for upstream oil and gas. Energy Development Oman (EDO) will have a stake in the majority state-owned Petroleum Development Oman (PDO) as well as developing independent projects. EDO will be primarily focused on Oman’s biggest oil field in…
December 12, 2020
International concerns are already mounting with the continued closure of the operational head office of Seplat Petroleum Development Company (SPDC) on the orders of a court ruling obtained by Access Bank Nigeria Plc. With just about two weeks to the end of the year, and with no likely indication that the office would be unsealed…
December 12, 2020
Residents Reveal As Global Environmentalists Carpet Oil Giant There is more to the endless oil spills ravaging communities in the Nigeria's Niger Delta region than meets the eye. A new investigation into the spills revealed that employees of Shell Nigeria, overseeing the Nigerian operations of the Royal-Dutch Shell Company are orchestrating the oil spills, bursting…
December 11, 2020
The news that the National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have vowed to cripple oil facilities in Edo and Delta States being operated by Pan Ocean Oil Limited did not come to many as a surprise. This is because Pan Ocean…
December 7, 2020
The National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have vowed to shut down existing oil and gas facilities in Edo and Delta States being operated by Pan Ocean Oil Limited. Pan Ocean Oil Limited was recently acquired by Asset Management Company of…
December 7, 2020
Nigeria's badly hit economy may emerge out of the waters sooner than projected as global oil prices recorded some gains Friday, marking the fifth week of consecutive modest rise on the back of the OPEC+ deals. Organization of the Petroleum Exporting Countries (OPEC) and their allies including Russia, are collectively referred to as OPEC+. Read…
December 4, 2020
President Muhammadu Buhari has unveiled the Natural Gas Expansion Programme (NGEP) and Auto-gas initiative with a call on Nigerians to embrace the use of gas as an alternative to Premium Motor Spirit (PMS). Speaking at a virtually held event at the State House, Abuja on Tuesday to unveil National Gas Expansion Programme and National Auto-gas…
December 1, 2020
Oil producing areas have capacity to manage fund - Jemide Community control of derivation fund has precedence - Okrika Oil producing areas fought for 13% derivation, not governors - Etoromi As Ex-agitators urge FG to hold state governors accountable for N50trn derivation fund From Amaechi Prosper (The New Diplomat's Delta Correspondent) The clamour for direct…
November 30, 2020
