Seplat to Partner NCDMB on Human Capital Development Independent oil firm, Seplat Energy Plc has announced plans to partner with the Nigerian Content Development and Monitoring Board, NCDMB in the area of human capital development as well as establishment of skills acquisition centres in the country. Chief Executive Officer of Seplat Energy Plc, Mr. Roger…
NNPC Not Against Sale of Share of Nigerian Agip Oil Company Ltd to Oando The Nigerian National Petroleum Company Ltd (NNPCL) through its Chief Corporate Communication Officer (CCCO), Garba Deen Mohammad, has brought to the notice of the public, a routine communication in the form of a letter written by NNPC E&P Limited (NEPL) to…
Shell Streamlines Prelude LNG Maintenance to Take Advantage of Winter Demand Shell has abandoned plans to have its floating LNG production platform Prelude offshore Australia out for a year for a major overhaul and has chosen instead for a quicker maintenance period of several months, as it looks to take advantage of strong gas demand,…
Oil Falls On Concerns about China, Winter Demand Oil prices eased on Thursday as worries over demand due to a seasonal slowdown during winter and an uncertain economic outlook for China outweighed expectations of tighter supplies from extended production cuts in Saudi Arabia and Russia. Brent crude futures fell 36 cents to $90.24 a barrel…
India Seeks More Natural Gas to End Blackouts India is seeking additional volumes of natural gas and has asked utilities to expedite completion of power plant maintenance, as part of emergency steps to stop electricity outages, according to a government note seen by Reuters. The power ministry is advising states to expedite commissioning of all…
Oil Gains On Supply Woes after OPEC+ Output Cuts Oil prices ticked up in early Asian trade on Wednesday after rising over 1% in the previous session, as markets worried about a supply shortage after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year. Brent crude futures rose by…
Hyde Energy Rebrands Lubricant Bottle and Labels, Restates Commitment to Innovation Nigeria’s leading indigenous energy trading company, Hyde Energy Limited, has announced the rebranding of its Luminor ZM5 20-W50SL range of lubricants. Retaining the same quality, the more attractive new look is one of the company’s commitments to continuous innovation. Luminor ZM5 20-W50SL, a mineral-based…
Russia’s Oil and Gas Revenues Slump By 38% In January-August Lower oil prices and lower sales volumes led to a 38.1% slump in Russia’s oil and gas revenues between January and August, compared to the same period of 2022, finance ministry data showed on Tuesday. During the first eight months of this year, Russian oil…
Oil Soars above $90 As Saudi Arabia Extends Deep Output Cuts Saudi Arabia will extend its voluntary 1 million bpd crude oil production cut through the end of this year, according to the official Saudi Press Agency. This brings Saudi Arabia’s targeted crude oil production to 9 million bpd for the remainder of the year….
PENGASSAN threatens strike over Oando Plc acquisition of Eni’s Agip The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has vowed to withdraw oil workers from oilfields locations and offices, following the acquisition of Eni’s Nigerian Agip Oil Company Limited, NAOC by Oando Plc, without consideration of the workers. This is as Oando…
