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The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, who disclosed this in a statement, said this was part of the highlight of the corporation’s Monthly Financial and Operations …
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged oil workers under the auspices of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), to halt their planned industrial action over a labour dispute involving …
Continue reading "Exercise Restraint on Strike Action, Baru Appeals to Oil Workers"
Vienna, Austria, 24 September 2018--The price of OPEC basket of fifteen crudes stood at $77.08 a barrel on Friday, compared with $77.13 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), …
Continue reading "OPEC daily basket price stood at $77.08 a barrel Friday, 21 September 2018"
by Bloomberg Tsuyoshi Inajima & Alex Longley Monday, September 24, 2018 Brent crude climbed above $80 a barrel to its highest level since November 2014 after OPEC and its allies signaled less urgency to boost output, despite U.S. pressure to temper prices. (Bloomberg) -- Brent crude climbed above $80 a barrel to its …
Continue reading "OPEC Gives Tepid Response to Trump Demand"
by Bloomberg Javier Blas Monday, September 24, 2018 "Refiners will have to buy whatever crude they can get their hands on," said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. (Bloomberg) -- When the Navarin, an oil supertanker carrying 2 million barrels of Middle East crude, docks at the Malaysian port of …
Continue reading "Asia’s Oil Market Torrid Amid Iran Sanctions and Mega-Refineries"
$11 Trillion Needed in Oil Sector to 2040 by Andreas Exarheas Rigzone Staff Monday, September 24, 2018 In the period to 2040, the required global oil sector investment is estimated at $11 trillion. In the period to 2040, the required global oil sector investment is estimated at $11 trillion. That’s according to the latest …
Return of $100 Oil Seen by Top Traders by Bloomberg Javier Blas, Heesu Lee, Alfred Cang and Dan Murtau Monday, September 24, 2018 Major oil trading houses are predicting the return of $100 crude for the first time since 2014. (Bloomberg) -- Major oil trading houses are predicting the return of $100 crude for …
The TOTC Project is an educational Program that revolves around a regular evaluation of the academic performance of the Child from Primary to Secondary Levels. The Project would primarily work with the Private Schools to actualize the objectives of the Program as opposed to the Public schools in order to minimize the challenge of …
PAYMENT METHODS NAIRA PAYMENT: 1.Visit www.remita.net and click on ”Pay FGN and state TSA” menu. 2. Select Nigerian Content Developement and Monitoring Board (NCDMB) under ”Name of MDA” menu. 3. Select ”1 Percent CONTRACT PROCEED” as the ”Name of service/Purpose. 4. Click on ”click here to generate a sample upload file” to download a sample format. 5. …
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The Nigerian National Petroleum Corporation (NNPC) has explained why it has resorted to contractor-financing of its pipeline and other facilities development in recent times in the Industry. Delivering the Keynote speech at the Nigerian International Pipeline Technology and Security Conference (NIPITECS 2018) Tuesday in Abuja, the NNPC Group Managing Director, Dr. Maikanti Baru, stated that …
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