Third High-level Meeting of the OPEC-India Energy Dialogue

 The third High-level Meeting of the OPEC-India Energy Dialogue was held on 17 October 2018 in New Delhi, India. The Meeting was co-chaired by HE Dharmendra Pradhan, India’s Minister of Petroleum and Natural Gas, and the OPEC Secretary General, HE Mohammad Sanusi Barkindo.   Both parties reiterated the continued importance of the OPEC-India Energy Dialogue …

Oil Falters Below $70

by  Bloomberg Heesu Lee Oil faltered below $70 a barrel as Saudi Arabia said it has no intention of using its oil wealth as a political tool and as American crude stockpiles were seen gaining for a fifth week. (Bloomberg) -- Oil faltered below $70 a barrel as Saudi Arabia said it has no intention …

Maersk drillship arrives in Ghanaian waters ahead of Aker Energy campaign

Maersk Viking; Source: Aker Energy Maersk Drilling-owned drillship Maersk Viking is nearly ready to start drilling an appraisal well offshore Ghana for Aker Energy, following the arrival in Ghanaian waters.  Maersk Drilling and Aker Energy signed a contract for the drillship Maersk Viking to drill the Pecan-4A appraisal well located in the Deepwater Tano Cape Three Points …

NNPC Washes Hands of Abia Oil Pipeline Explosion

The Nigerian National Petroleum Corporation (NNPC) has refuted the allegation that negligence on its part caused the oil pipeline fire incident Friday last week in Umuaduru and Umuimo communities in Osisioma Ngwa Local Government Area of Abia State. A release by the NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, today in …

Kachikwu sets up Nigerian Content Research & Development Council

  The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu on Wednesday in Abuja inaugurated the Nigerian Content Research and Development Council (NCRDC). The Council is expected to advise the Nigerian Content Development and Monitoring Board (NCDMB) on matters relating to Research, Development and Innovation strategy for the oil and gas industry. The …

Nigerian Senate to Probe $3.5 Billion Spent by State Oil Firm

by  Bloomberg Tope Alake & Sophie Mongalvy | inShare Lawmakers in Nigeria will investigate $3.5 billion allegedly spent by the state oil firm on gasoline subsidies and expressed concern that the sum was not included in the national budget. (Bloomberg) -- Lawmakers in Nigeria will investigate $3.5 billion allegedly spent by the state oil firm …

Nigeria China Memorandum of Understanding On the 7th of May 2018, Wang Shoujun the Chairman of China National Nuclear Corporation, met with Prof. Simon Mallam, Chairman of Nigeria Atomic Energy Commission. After the meeting, under the leadership of both parties, Zhongyuan Company and Nigeria Atomic Energy Commission signed a memorandum of understanding on nuclear energy …

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