India’s February Fuel Demand Hits at Least 24 Year High India’s fuel demand hit its highest level in at least 24 years in February, as indicated in recent data, with industrial activity in Asia’s third biggest economy boosted by cheap Russian oil. Consumption of fuel, a proxy for oil demand, rose by more than 5%…
Amnesty Programme remains Critical to Mitigating Conflicts in the Niger Delta Region – Ndiomu The Interim Administrator of the Presidential Amnesty Programme (PAP) Maj. Gen. Barry Ndiomu (rtd) has affirmed that the Programme remains a critical tool to mitigate conflicts in the oil-rich Niger Delta region. The PAP as initiated and signed into law by…
Wärtsilä OMA to Support Operational Performance of NPCC’s Fleet The technology group Wärtsilä has signed a five-year Optimised Maintenance Agreement with National Petroleum Construction Company, NPCC, a subsidiary of National Marine Dredging Group, NMDC Group. The agreement covers seven vessels in the NPCC fleet and is designed to maximise operational uptime. It will also provide…
Crude Oil Prices Slide $4 as Banking Fears Rattle Markets Oil prices fell $4 on Monday along with equities as the collapse of Silicon Valley Bank raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support. Brent crude futures were down $3.96, or 4.8%, to $78.82 per barrel by 1220…
NSCDC Uncovers Illegal Refinery Stealing Crude from OML17 The Nigeria Security and Civil Defence Corps (NSCD) has discovered an illegal local refinery at Otamiri-Etche, Etche Local Government Area of Rivers State, which steals crude from OML17 fields operated by Heirs Holding Oil and Gas Limited. Speaking, the NSCDC Commandant in Rivers State, Michael Besong Ogar,…
Axxela Achieves another Historic Safety Milestone of 7 Million Man-Hours without Lost Time Injury Axxela Limited, sub-Saharan Africa’s fast-growing gas and power company, has announced the achievement of a landmark safety milestone of seven million man-hours without any Lost Time Injury (LTI) across its business operations. This laudable accomplishment was recorded earlier this week. The…
Ambassador of Rwanda and Middle East Energy Announce Launch of the African Energy Expo to service Pan-African Energy Sectors The African Suite at the 2023 Middle East Energy Exhibition and Conference in Dubai played host to the soft launch of the maiden edition of the African Energy Expo. Scheduled for Feb 2024 in Kigali, Rwanda,…
These Allegations are Spurious, Vindictive Reaction to Board’s Enforcement of Corporate Governance Standards – Seplat Energy … Seplat Energy Board unanimously passes a vote of confidence in Mr. Brown as the CEO. Seplat Energy Plc reports that on March 9, 2023, it was served with court processes and ex-parte Interim Order of the Hon Justice…
TotalEnergies’ Egina Wins 15th IPTC Excellence in Project Award Egina, Nigeria’s flagship ultra-deep offshore field operated by TotalEnergies has continued to attract more laurels. The project was declared winner of the Excellence in Project Integration prize at the 15th International Petroleum Technology Conference (IPTC) in Bangkok, Thailand held recently. “Congrats to us all. It’s indeed…
NCDMB Partners Bank of Industry to Boost Local Manufacturing of Oil and Gas Equipment The Nigerian Content Development Monitoring Board (NCDMB) has entered partnership with the Bank of Industry (BoI) with a view to increasing Nigeria’s current capacity of 10% for manufacturing oil and gas components, equipment and machinery. The partnership was confirmed by the…
