**** Distinguished achievement awards event to honor industry’s best as well as raise funds for a worthy cause. Plans for the Offshore Technology Conference (OTC) are well underway, and conference leadership is kicking off its activities with exciting news. The OTC Executive Advisory Board has selected United Against Human Trafficking (UAHT) as the 2020 beneficiary…
There was palpable excitement in Aruakpor-Umah Community, in Uvwie Local Government Area of Delta State, on Friday, January 31, 2020 as the NNPC/Chevron Joint Venture, in collaboration with the Delta State Government, commissioned a six-classroom block for the use of pupils of Abe 1 primary school in the community. The six-classroom block, with eight (8)…
A Development Economist, Prof Uche Nwogwugwu of the Nnamdi Azikiwe University, Awka has attributed the crisis in the Nigerian electricity sector to poor generation and energy loss in the course of transmission. Nwogwugwu said this in Awka on Sunday, that though energy no matter the source was not cheap, the high cost of electricity in…
At least seven persons were injured and property worth millions of naira were destroyed on Sunday after a cooking gas cylinder exploded and kindled a fire at No. 23, Emmanuel Church road, Inland Town Onitsha. The incident which occurred at about 10:30a.m., destroyed two rooms in a flat attached to a one-storey building belonging to…
The Department of Petroleum Resources (DPR), Osogbo field office said it had sealed 29 Liquefied Petroleum Gas (LPG) facilities for allegedly operating without valid licences in the state. Mr Olusegun Daboh, DPR’s Head of Operations, said this on Sunday in Osogbo, that the illegal gas stations were sealed in Ile-Ife, Ikire, Ejigbo, Iwo, Ila-Orangun, Ede, Gbongan…
As is tradition with the Nigeria International Petroleum Summit (NIPS), top African Energy Ministers will storm the International Conference Centre, Abuja from February 9th – 12th, 2020 for the third edition of the summit. The theme “Widening the integration circle: technology, knowledge, sustainability, partnership,” is quite apt considering the presence of the African Ministers at…
Equatorial Guinea is positioning itself as a hub for gas in the Gulf of Guinea and hopes to developing the first successful cross-border gas venture on the continent. Gas is a key priority for Equatorial Guinea and its neighbors. While Cameroon brought on stream Africa’s first Floating LNG project in 2018, Nigeria has declared 2020…
Oil prices on Thursday fell on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting. Brent crude LCOc1 was down 90 cents, or 1.50 per cent, at $58.91 per cent a barrel by 1447 GMT, having risen 0.5…
The Department of Petroleum Resources (DPR) has launched its digitization initiative for Downstream operations under the ‘Autimated Downstream System’ (ADS) program. Mr Paul Osu, Head, Public Affairs of the agency made the disclosure in a statement issued on Thursday in Lagos. Osu said that the digitization initiative is designed to improve overall efficiency and accelerate…
A scheme, Aje Micro Credit Scheme, aims at building wealth for Badagry residents and its environs through small loans to qualified functional business owners and artisans was on Thursday launched in the town. The scheme owned by the Yinka Folawiyo Petroleum Co. Ltd., is to offer small loans to the beneficiaries under the umbrella of…
