Fuel Price Increases: NNPC’s impunity against Nigerians’ humanity

With twenty three fuel price increases, six  reductions and one decisive price reversal, the Nigerian National Petroleum Corporation (NNPC) persistent upward review product price, often with reasons that lack credibility, always put pressure on the macro and micro economic breath of Nigeria. At the receiving end of each experience is the average Nigerian. Each fuel …

Two dead after incident on BW Offshore FPSO

FPSO operator BW Offshore has informed that two workers have died following an incident onboard its FPSO Espoir Ivoirien located offshore Ivory Coast. FPSO Espoir Ivoirien; Source: BW Offshore At 13:30 local time on Thursday, an incident occurred whilst work was being performed in a cargo tank onboard the FPSO Espoir Ivoirien operating on the Espoir field …

NNPC Records 19 Per Cent Gas to Power Supply Increase in April

The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja announced an increase of 19.14 per cent in the average daily natural gas supply to power plants which translates to 788millon standard cubic feet of gas per day (mmscfd), equivalent to power generation of 2,873MW. The NNPC, in a release by its Group General Manager, Group …

Halliburton Looks Beyond North America Halliburton Co. is looking away from its traditional North American heartland for sales growth. (Bloomberg) -- Halliburton Co. is looking away from its traditional North American heartland for sales growth as the fracking behemoth works its way through an historic oil bust. Shares for one of the world’s biggest oilfield …

Chevron's Noble Deal Could Be New M&A Blueprint Chevron Corp. reported Monday that it has struck a definitive agreement to acquire all outstanding shares of Noble Energy, Inc. Chevron Corp. reported Monday that it has struck a definitive agreement to acquire all outstanding shares of Noble Energy, Inc. in an all-stock transaction valued at $5 …

Kyari Tasks New PPMC Board on Continued Energy Sufficiency

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged the newly reconstituted Board of the Petroleum Products Marketing Company (PPMC) to sustained all-season availability of products across the country. Mallam Kyari who made the call Thursday while inaugurating the new Board of the corporation’s downstream subsidiary at the …

NNPC Gives Conditions for Relocation of Tank Farms, Petroleum Products Depots

The Nigerian National Petroleum Corporation (NNPC) has advised against a swift relocation of tank farms from their current locations along Ijegun, Kirikiri areas in Lagos and other parts of the country in order to avoid a dislocation in the supply and distribution chain of petroleum products across the country. The corporation made the submission Wednesday …

New joint venture exploring South African offshore wind market

  Swedish floating multi-turbine platform designer Hexicon AB and South African wind developer Genesis Eco-Energy Developments are joining forces to explore the development of offshore wind in South Africa. The development program will be carried out via a joint venture company in South Africa named GenesisHexicon (Pty) Ltd. “This is the winning formula for large scale energy production …

US Orders Closure of Houston Chinese Consulate

The United States 'abruptly' demanded that the Chinese Consulate-General in Houston cease all operations and events. On July 21, the United States “abruptly” demanded that the Chinese Consulate-General in Houston cease all operations and events, the Chinese embassy in the U.S. has confirmed. “China strongly condemns and firmly opposes such an outrageous and unjustified move …