The Home For Everyone And Everything Oil, Gas And Energy
By Jalatu Madiebo, in Warri The Nigerian geologist, Eugene Okpere, currently Shell’s Vice President Exploration for South America and Africa, is proceeding to a new job assignment in Trinidad and Tobago from January 2019. Okpere is currently based in the Upstream Division in The Hague, Netherlands. He will be taking charge as the Managing …
Continue reading "Okpere To Take Hold of Trinidad From Early 2019"
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has challenged Nigerian engineers to come up with technologies to help deepen the development of renewable energy in the country. The NNPC helmsman threw the challenge during a courtesy call on him by members of the executive committee of the Nigerian …
Continue reading "Baru Tasks Engineers on Renewable Energy Development"
A Vitol-led consortium has agreed to acquire a Petrobras’ offshore fields in Nigeria for $1.407 billion. The consortium buying the stake is comprised of Vitol, Africa Oil, and Delonex. Under the deal, the consortium will buy a 50 percent share in Petrobras Oil and Gas B.V., a company owning a share in oil fields offshore Nigeria. BTG Pactual …
Continue reading "Vitol-led consortium buys Petrobras’ Nigerian assets for $1.4B"
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikati Baru, has charged members of the Nigerian Association of Petroleum Explorationists (NAPE) to deploy their wealth of knowledge and experience to find more crude oil to meet the 40million barrels reserves target. Dr. Baru gave this charge yesterday when the leadership …
Continue reading "Baru Charges Petroleum Explorationists to Find More Oil"
By Sully Manope Simbi Wabote, the former Shell Nigeria Director who is now Executive Secretary of the Nigerian Content Development Monitoring Board (NCDMB), has announced the takeoff of a forensic audit of remittances that are due the board from all companies governed by the act of its establishment. He said the board has engaged …
Continue reading "“We Will Send the EFCC After You”, Wabote Warns"
By Ibe Kachikwu Nigeria’s Minister of State for Petroleum Resources I wasn’t sure I could make this event, I had three different events for the day, one in Russia, another in Equatorial Guinea and one here. Eventually I had to call my colleague in Russia to say it’s so important …
Continue reading "If the NNPC Had Implemented the Refinery Revamp The Way I Planned"
by Valerie Jones Rigzone Staff | All subsectors of the industry expressed confidence going forward during the industry's continued recovery, according to a Deloitte survey. The industry has finally moved past years of “cautious optimism” to a less delicate approach. Oil and gas executives are largely optimistic about the 2019 outlook for the industry, …
The Nigerian National Petroleum Corporation (NNPC) has dispelled the rumour of an impending review of pump prices of petroleum products, especially Premium Motor Spirit (PMS), otherwise called petrol. A release today in Abuja by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, affirmed that contrary to the misinformation trending in the social …
Continue reading "NNPC Dispels Rumour of Review of Petroleum Products Pump Prices"
by Bloomberg Kelly Gilblom | BP is gearing up to leave European competitors in the dust, at least when it comes to spending the industry's enormous cash pile. (Bloomberg) -- BP Plc is gearing up to leave European competitors in the dust, at least when it comes to spending the industry’s enormous cash pile. …
Continue reading "BP Unleashes Cash Bet That Oil Will Stay High"
by Bloomberg Heesu Lee | Oil held losses near $67 a barrel on speculation that an escalating trade dispute between the United States and China will dampen global growth at a time when American crude inventories are growing. (Bloomberg) -- Oil held losses near $67 a barrel on speculation that an escalating trade dispute …
Energy Network 