The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has been commended for its unprecedented consultation with stakeholders towards the successful implementation of the Petroleum Industry Act (PIA) 2021. Mr Olumide Adeosun, Chairman, Major Oil Marketers Association of Nigeria (MOMAN), made the commendation in a…
Deregulation : Nigeria Stands to Save Over N12 Trillion – Rainoil CEO
The Group Managing Director, Rainoil Limited , Dr Gabriel Ogbechie has revealed that the country stands to save over 12 trillion naira, which could be channeled for other areas of development for the country if the downstream sector is fully…
28th World Gas Conference extends Call for Papers to January 2022
The WGC2022 National Organizing Committee has taken the decision to extend the Call for Papers deadline for the 28th World Gas Conference (WGC2022) from 27 September 2021 to 28 January 2022. In a statement released early today, the organizing committee disclosed…
Kyari Attributes Rising Cooking Gas Price to Undersupply
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has assured Nigerians that the corporation is working with relevant agencies to ensure that the price of gas is affordable by increasing the volume supplied to the domestic…
NNPC to Acquire Equity in Private Refineries in Line with FG’s Policy
…..To Safeguard National Energy Security The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive which stipulates the mandatory…
This technology could transform renewable energy. BP and Chevron just invested
Eavor promises a groundbreaking form of geothermal energy that could be installed in many places around the world BP and Chevron have made a landmark expansion into geothermal energy on Tuesday, betting on a new technology that could prove to…
Polluted N’Delta Communities Can Sue In English Courts, UK S’Court Rules
The United Kingdom’s Supreme Court has ruled that oil-polluted Niger Delta communities can sue Shell subsidiaries in Nigeria in English courts. The decision is a victory for the communities after a five-year battle, and overturns a Court of Appeal ruling.…
Oil spillage: ERA knocks NOSDRA, Bayelsa Government over tepid response
The National Oil Spill Detection and Response Agency (NOSDRA), and the Bayelsa State Government have come under attack for allegedly failing to act over an oil spill that occurred in Akassa, Brass Local Government Area of the state. The Environmental…
SPDC completes sale of interest in Oil Mining Lease 17
The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas Limited, a related company…
Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price
KEY POINTS Saudi Aramco’s net income plunged to $23.2 billion in the first six months of the year, down by half from $46.9 billion over the same period in 2019. Saudi Arabia’s majority state-owned oil company and the world’s largest…
