Author: Ikenna Omeje

NNPC Ltd. Makes Senior Management Changes In line with NNPC Ltd.’s commitment and drive for organisational renewal, anchored it’s business imperatives, standards of excellence, people development, and strengthening competencies and capabilities through broad-based leadership exposures, the company has announced the following executive appointments with immediate effect: Oritsemeyiwa Eyesan, Executive Vice President, Upstream, Olalekan Ogunleye, Executive…

Kyari says NNPC Retail Made N18.4 Billion in Q1/2023 from OVH Acquisition Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) has said that NNPC Retail made N18.4 billion in the first quarter of 2023, after acquiring OVH Energy in 2022. Kyari said this while addressing the House of…

PDVSA Values Citgo at Between $32 and $40 Billion Venezuela’s state oil major PDVSA has valued its U.S.-based downstream subsidiary Citgo at between $32 and $40 billion, Reuters has reported, citing a court hearing. The hearing precedes a planned share sale for Citgo in a bid to settle its massive debt load, estimated at some…

OPEC Daily Basket Price Stood at $94.09 a Barrel Tuesday The price of OPEC basket of 13 crudes stood at $94.09 a barrel on Tuesday, September 12, 2023, compared with $93.12 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes, ORB, is made up of the following: Saharan Blend (Algeria),…

 Gastech to Return to Houston in 2024 Gastech, the world’s largest global exhibition and conference for the natural gas, LNG, hydrogen, low carbon solutions, and climate technologies will take place in Houston in 2024, organisers dmg events announced today. For the first time since 2019, Gastech will return to Houston from 17 – 20 September…

Russia Ships First Oil to Brazil After suffering Western oil embargos and price caps on its oil and oil products, Russia has shipped its first crude oil cargo to Brazil in its quest to find more outlets for its fossil fuels. The Aframax tanker Stratos Aurora is now less than 500 miles off the shore…