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The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total , Patrick Pouyanné, and the Chairman of the Board of Directors of Sonangol, Carlos Saturnino, inaugurated the Kaombo offshore project on Monday. Kaombo project / Image by: PetrolisLocated 260 kilometers off the coast of Luanda, on Block …
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Oil Climbs After Record Run of Losses by Bloomberg Tsuyoshi Inajima Oil climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year. (Bloomberg) -- Oil climbed after a record run of losses as …
by Bloomberg|Paul Burkhardt (Bloomberg) -- The revival of Nigeria’s state-owned refineries will happen a year later than expected after financing talks dragged on, according to the nation’s oil minister. Nigerian National Petroleum Corp.’s refineries, which have long operated at a fraction of their capacity after years of under-investment, began looking for private partners last …
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by Andreas Exarheas CAPEX among Sub-Saharan Africa national oil companies and SSA-focused international oil and gas companies is set to register a 13.1% growth in 2019. Capital expenditure among Sub-Saharan Africa (SSA) national oil companies and SSA-focused international oil and gas companies is set to register a 13.1 percent growth in …
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The Federal government earned the sum of N6,671,081,710,411.26 as oil revenue between 2010 and 2017,the Department of Petroleum Resources (DPR),said in its 2017 Nigerian Oil and Gas Industry Annual Report yesterday. At its launch in Lagos,the DPR indicated in the report that the revenue were realized from oil and gas royalty, gas flare penalty, …
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Sen. Bassey Albert, the Chairman, Senate Committee on Gas, on Thursday said that the Senate would pass the Gas Flaring Prohibition Bill before the end of the year. Albert gave this hint in Lagos when he led his members on oversight functions to the Department of Petroleum Resources (DPR). He said the bill was currently …
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DPR TO SUSPEND MARKETERS OVER HOARDING, FUEL DIVERSION As part of moves to curb fuel scarcity during the Yuletide, the Department of Petroleum Resources says it will suspend errant marketers for six months if they hoard Premium Motor Spirit, popularly known as petrol, and other products during the period. The Head, Downstream Monitoring and Regulations, …
The Department of Petroleum Resources has intensified it’s digitization process to cover Petroleum Products import and exports permit (IMPEX), Retail outlets and marketing licenses (ROMS), Coastal vessel licenses (CVL), Lube blending plants licences (LBL) and Refinery plant licences (RPL). The Assistant Director, ICT Mr. Lukeman Ayorinde Cardoso stated this at the the weekly ‘ DPR …
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Supply of Goods and Services Strategic Goal NLNG intends to facilitate the establishment of a manageable size of competent, reliable and competitive vendors who are able to supply from their own sources, all of NLNG’s material and service requirements, wherever practical and in the process add value to NLNG. NLNG aims to shift from direct …
Work is far advanced on alternatives to the “renowned” Bonny Terminal Nigerian companies pumping crude oil into the Nembe Creek Trunk Line (NCTL) have advanced so much in progressing alternative routes that several sources are “so sure” that there will be hardly a drop of crude pumped into that line by June 2020. The …
Continue reading "In 24 Months, Nembe Creek Trunk Line Will Be Running Empty"
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