Crude oil vessel. In a bid a attract buyers, the Nigerian National Petroleum Corporation, NNPC, lowered prices of the country’s crude grades, SweetcrudeReports has learned. Price schedules seen by this newspaper indicated that NNPC lowered the August price premiums for Bonny Light crude to 163 cents per barrel from 204 cents in July. The Corporation also crashed…
The Nigerian National Petroleum Corporation (NNPC) said it recorded a trade surplus of N6.33 billon for the month of May, 13 per cent higher than the N5.60 billion surplus made in April . The corporation disclosed this in its Monthly and Operations report (MFOR) released on Sunday in Abuja It attributed the rise to the…
The Council of the International Maritime Organization (IMO) has condemned recent attacks on commercial shipping in the Strait of Hormuz and Sea of Oman at its meeting in London held July 15-19. After debate, the IMO Council decided to condemn the attacks and expressed its concern over the grave danger to life and the serious…
Angry indigenes of Diebiri and Batan communities in Warri South West Local Government Area have shut down a flow station in OML 42, operated by the Nigeria Petroleum Development Company, NPDC, a subsidiary of the Nigeria National Petroleum Corporation, (NNPC) over recent appointments made by the Delta State government. The protesters shut down the flow…
The Nigerian Navy on Friday paraded nine suspected illegal petroleum dealers arrested during their operation on the Igbokoda coastal-line in the Ilaje Local Government Area of Ondo state. The suspects were arrested with 92 drums of illegally-refined and adulterated Petroleum Motor Spirit (PMS), which were presented as exhibits. The suspects were Marvelous Kalejaiye, Chuckwuma Oyeyemi,…
The Board of the Nigerian Ports Authority (NPA) has approved the appointment 10 new General Managers and 18 Assistant General Managers for the organization. The new appointments come on the heels of an earlier appointment and redeployment of Port Managers and other senior officials. With the new promotions, the former Port Manager of Lagos Port…
Tony Emegere, Superintendent, Policy, Government and Public Affairs (PGPA) delivering a welcome address on behalf of Esimaje Brikinn, G.M, PGPA of Chevron. THE NNPC/Chevron Joint Venture has donated a mobile X-ray machine to Koko General Hospital in Delta State. This is yet another significant contribution to Medicare in Nigeria by the Joint Venture. The handover…
Fenix International, a company of ENGIE, offering Solar Home Systems across Africa has appointed co-founder and current COO Brian Warshawsky to the role of CEO KAMPALA, Uganda, July 19, 2019/ — Brian Warshawsky, co-founder and current COO of Fenix to succeed the current CEO, Lyndsay Handler. Jit Bhattacharya, CTO and Chris Bagnall, Group Marketing Director, step…
A small-scale Canadian liquefied natural gas (LNG) plant has signed the country’s first binding supply agreement with China, ahead of much larger deals expected to be finalised with operators of bigger new terminals. Privately-owned FortisBC agreed with China’s Top Speed Energy Corp to supply 53,000 tonnes from its Tilbury facility in British Columbia as of…
A small oil transport firm accused of pumping toxic chemicals into Russia’s crude pipeline network that then polluted oil exports to Europe received daily documents from Russian state pipeline monopoly Transneft giving its oil deliveries a clean bill of health. The documents seen by Reuters certified the oil deliveries from March 30 to April 19,…
