*Stakeholders trace AITEO's Operated OML29's face-off with Opu-Nembe community to Diezani's Controversial "Consent", Urge FG to Intervene. Expressions such as dangerous exploration, cumulative environmental degradation, and painful cut-throat deals with devastating environmental impact on host communities are not enough to express the narrative that has become the lot of the people of Opu Nembe community,…
Chevron Nigeria Limited(CNL), an operator of the joint venture between the Nigerian National Petroleum Corporation(NNPC) and CNL(the NNPC|CNL JV) has named Mr Richard Kennedy as its new Chairman and managing Director. A statement signed by the company’s General Manager, Policy, Government and Public Affairs, Esimaje Brikinn, said the appointment of Mr. Kennedy would be effective…
By Hamilton Nwosa (Head, The New Diplomat’s Business Desk) As the Federal government aims to increase the country’s local content policy from its present 30 per cent to 70 per cent by 2027 in order to create more opportunities and jobs for the unemployed in Nigeria, and focus on key concentric areas, experts maintain that…
Oil prices crash below $40 as Europe imposes lockdown for the second wave of coronavirus. It was another oil crisis for Nigeria Thursday as oil prices fell 5-percent, with WTI Crude sliding to $35 a barrel and Brent $36.89. This happened as two major economies in Europe renewed lockdowns to fight the second wave of…
*By Cyril Widdershoven The ongoing weakness of global oil markets seems to be stoking tensions within OPEC+, and a split within its leadership is now imminent. From the start of this year’s Moscow-Riyadh brokered OPEC+ production cut deal, internal differences have been kept at bay by a global pandemic and high crude oil storage volume.…
From Ameachi Prosper (The New Diplomat's Delta Correspondent) The National Oil Spill Detection and Response Agency (NOSDRA) has flagged-off the Community-Based Disaster Risk Resolution Plan (CBDRR plan) in Delta. The Director General, NOSDRA, Mr Idris Musa, performed the function at a One-Day Stakeholders Forum, with the theme, "the Danger of Oil Pipeline Vandalism and the…
*Multi-National Oil Company Relocates Jobs To The US...! *PENGASSAN Urges Minister, NNPC GMD, DPR Director To Call Chevron To Order... By Gbenga Abulude (Politics and General Desk) Chevron Nigeria chapter of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has alleged that there is a secret plot by the multi-national oil company…
By Cyril Widdershoven Africa’s oil and gas industry is facing a financial onslaught as a result of a combination of COVID-19, activist shareholders and the so-called Greening of IOCs such as Shell, Total and BP. While the oil majors all seem to be preparing for an energy transition and peak oil demand, African countries are betting…
Chief Timipre Sylva, Minister of State for Petroleum Resources says the Petroleum Industry Bill (PIB), presently before the National Assembly, will unlock several midstream gas opportunities when passed into law. Sylva spoke on Tuesday at the virtual 2020 Businessday Energy Series – Fuel of the Future (Gas) Summit – with the theme: “Nigeria at 60:…