OIL AND GAS

London/Sydney/Seoul/New York/Tokyo — Oil futures edged up on Thursday as a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported …

SAN DONATO MILANESE, Italy – Saipem has won contracts for offshore drilling with a total value of more than $200 million. One involves drilling two firm plus two optional wells for Wintershall offshore Norway, using …

New York — U.S. crude oil stocks rose more than expected last week to the highest in nearly 17 months as imports climbed, while gasoline inventories posted their steepest drawdown since …

London — An Indian refiner mopped up some crude on Wednesday, though spot sales has been slow for May barrels because of high offer levels. * Less than 10 cargoes remained …

Yenagoa — Seplat Petroleum Development Company Plc has emerged as the Nigerian Content Development and Monitoring Board, NCDMB’s most impactful independent upstream operating company for its local content initiatives at the Nigeria Oil and …

RESIDENTS of Port Harcourt, the Rivers State capital, and its environs are currently experiencing fuel scarcity as long queues have returned to filling stations. Our correspondent observed that the scarcity …

Electricity Generation Compa- nies (GenCos) say it released 3,522 megawatts of electricity into the national grid on April 7.GenCos disclosed this in its daily ener- gy report released on Monday …

LAGOS – Nigeria’s Minister of State for Petroleum Resources,Dr. Ibe Kachikwu has promised to reposition the African Petroleum Producers’ Organization(APPO) as a global force to be reckon with. Kachikwu,who was last …

Equatorial Guinea launched 26 onshore and offshore blocks during the presentation of its open licensing round at the APPO CAPE VII Congress & Exhibition on Wednesday, announced by H.E. Teodoro …

The Court of Appeal in Lagos through its judgement on Friday has set aside the ruling of a lower court over the matter between the Nigerian Liquefied Natural Gas, NLNG …

The Nigerian National Petroleum Corporation (NNPC) has warned depot owners or terminal operators not to sell Premium Motor Spirit, otherwise called petrol, above the official ex-depot price of N133.28k per litre. …

Saudi Arabia is working towards convincing Russia to stay much longer in an OPEC-led pact cutting oil supply, and Moscow may agree only to a three-month extension, three sources familiar …

Tope Shonubi, the Executive Director, Sahara Group has told stakeholders at the African Refiners Association (ARA) meeting in Cape Town, that adoption of unified standards across Africa will create a …

Major stakeholders in Nigeria’s oil and gas sector have converged to press on government to adopt the co-location strategy to unlock huge potentials in the country’s gas sector. The co-location …

Mr Abayomi Awobokun, the Chief Executive Officer of ENYO Retail and Supplies Ltd., has commended the Federal Government on its effective petroleum distribution chain across the country in the last …

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has expressed the corporation’s commitment to support any project that would encourage production and utilization of …

Tope Shonubi, the Executive Director, Sahara Group has told stakeholders at the African Refiners Association (ARA) meeting in Cape Town, that adoption of unified standards across Africa will create a …

Axxela Limited, has officially commissioned its Greater Lagos IV (GLIV) gas pipeline network and the newly renovated Elegbata Sports Complex. Greater Lagos IV (GLIV) is Axxela’s gas pipeline network, developed …

NORTH America will be the major contributor to the growth of global liquefied natural gas, LNG, liquefaction capacity between 2019 and 2023, accounting for around 72% of the total global …

STAR Deepwater Petroleum Limited, a Chevron company and operator of the Agbami unit) and its parties in the Agbami field, Famfa Oil Limited, Nigerian National Petroleum Corporation, NNPC, Equinor Nigeria …

Oil prices dropped on Thursday, extending losses into a second consecutive session, following a surprise build in U.S. crude inventories. International Brent crude oil futures were at $67.56 a barrel …

The Nigerian Content Development and Monitoring Board, NCDMB and the Nigeria LNG Limited, NLNG, on Friday signed the Nigerian Content Plan, NCP for the NLNG Train 7 project, taking a …

… Confers Highest Disclosure Status On Corporation The gale of transparency and probity which has pervaded the operations of the Nigerian National Petroleum Corporation (NNPC) under the current dispensation received …

Despite increasing concerns, pipeline vandalism constitutes a major problem in Nigeria’s oil and gas industry. In this interview with Udeme Akpan, the chief technical officer, Nestoil and Neconde Energy Limited, …

The Nigerian National Petroleum Corporation (NNPC) has again announced plans to revamp the nation’s four refineries to help the country save billions of dollars it expends annually on fuel imports. …

Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation says the country’s cash cow will be able to produce 2.3 million barrels per day which is the benchmark …

The Nigerian National Petroleum Corporation is considering extending the ongoing Ajaokuta-Kaduna-Kano gas pipeline system across the Sahara to Algeria in North Africa. NNPC’s Group Managing Director, Dr Maikanti Baru, disclosed …