ENVIRONMENTAL ADVOCATE FAULTS WIKE’S NO-OPTION CLAMP DOWN ON ARTISANAL REFINERIES

Stakeholder knocks Wike over clamp down on artisanal refineries without alternatives
Fyneface said the governor should use a carrot and stick approach, while advocating for the Presidential Artisanal Crude Oil Refining Development Initiative, just as it was obtainable in the North, where illegal gold miners in the North were not criminalized but conscripted into a Presidential scheme.

S. AFRICA SAYS SHELL SEISMIC TEST APPROVAL COMPLIED WITH RULES

SHELL SEISMIC TEST APPROVAL COMPLIED WITH RULES, S. AFRICA SAYS
Shell’s plan for seismic testing on South Africa’s Wild Coast, which critics say threatens dolphins, seals, whales, penguins and other rare...

MARKETERS OPEN AUTOGAS CONVERSION CENTERS

AUTOGAS: MARKETERS OPEN CONVERSION CENTERS
dependent Petroleum Marketers Association of Nigeria, IPMAN, has stated that the use of autogas in vehicles would reduce the demand pressure on the Premium Motor Spirit, PMS, popularly called petrol.

NORWAY OIL AND GAS OUTPUT TO RISE BY 9% IN 2024...

Norway oil and gas output to rise 9% by 2024, regulator says
Norway is set to boost its petroleum output by more than 9% by 2024 buoyed by a jump in investment in the country’s biggest export sector, data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.

EXXON MOBIL LAUNCHES SALE OF U.S SHALE GAS PROPERTIES

Exxon Mobil launches sale of U.S. shale gas properties -marketing document
The company in 2020 took about a $20 billion writedown on properties, primarily purchased with subsidiary XTO Energy a decade earlier. It removed gas assets in Appalachia, the Rocky Mountains, Oklahoma, Texas and elsewhere from its development plan after the writedown.

OPEC, ALLIES MOVE TO HALT CRUDE PRICES

The Organization of Petroleum Exporting Countries. OPEC and its allies don’t want crude prices to climb to $100 a barrel
The Organization of Petroleum Exporting Countries. OPEC and its allies don’t want crude prices to climb to $100 a barrel, and...

FIRST DUAL LPG TERMINAL CONSTRUCTION IN NIGERIA BEGINS IN LAGOS

Nigeria’s First Dual LPG Terminal Construction Begins In Lagos
Asiko Power Limited has commenced the construction of the Asiko Liquefied Petroleum Gas, LPG and Liquefied Natural Gas LNG Terminal in...

OIL PRICES HEIGHTENS UNDER TIGHT OPEC SUPPLY

Tight OPEC Supply Push Up Oil Prices
Oil prices climbed on Tuesday after two days of losses, with some risk appetite returning as the market awaited clues from...

COURT UPHOLDS WABOTE’S DEFAMATION CASE, DISMISSES JACKSON UDE’S MOTION

COURT UPHOLDS WABOTE’S DEFAMATION CASE, DISMISSES JACKSON UDE’S MOTION
The  United States District Court, Eastern District of Pennsylvania, on January 5, stuck out Jackson Ude, publisher of Pointblancknews.com’s, motion seeking to dismiss the...

MARKETERS SAY FG VAT ON COOKING GAS NOT YET IMPLEMENTED

FG yet to implement VAT on imported cooking gas — Marketers
The Federal Government is yet to implement the payment of Value Added Tax on imported Liquefied Petroleum Gas, also known as...

Guinness Nigeria appoints Difom Finance/Strategy Director

Guinness Nigeria appoints Difom Finance/Strategy Director
The Board of Directors, Guinness Nigeria Plc, has appointed Mr Emmanuel Difom, as the company’s Finance and Strategy Director, effective Nov. 1,...

NLNG discredits online Train 7 vacancies

NLNG discredits online Train 7 vacancies
Nigeria LNG Limited (‘NLNG’) has disassociated itself from vacancies advertised online for its Train 7 Project positions, describing them as false, fraudulent...

KIDNAPPERS KILL OIL WORKER DESPITE N5M RANSOM

KIDNAPPERS KILL OIL WORKER DESPITE N5M RANSOM
Mr Ojonimi Ossai, an official of Shell Petroleum Development Company,  has been killed by his abductors. Ossai was killed despite a N5million...

NIGER DELTA AND THE FUTURE AHEAD

NIGER DELTA AND THE FUTURE AHEAD
Since the discovery of crude oil in Oloibiri, in present-day Bayelsa State in 1956, and as it became the main source of...

WIKE DECLARES 19 SUSPECTED SOOT ORIGINATORS WANTED

Gov Wike declares 19 bunkering, illegal refineries’ kingpins wanted
Rivers State governor, Nyesom Ezenwo Wike, has declared nineteen persons wanted for operating illegal crude oil refining sites allegedly responsible for...

IMPACT OF OIL THEFT ON INVESTMENT IN NIGERIA

How Oil Theft Impacts Investment In Nigeria
As analysts see a major turnaround in the Nigeria oil and gas Industry in 2022 following the Petroleum Industry Act, PIA,...

NIPCO TARGETS IMPROVED SERVICE DELIVERY IN 2022

NIPCO Repositions To Boost Downstream Operations In 2022
The Nigerian Independent Petroleum Company (NIPCO) has positioned it’s workforce for improved service delivery in the present year, 2022.

ENI BAGS FIVE EXPLORATION LICENSES IN EGYPT

Eni awarded five Exploration Licenses in Egypt
Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum. The licenses, four of which as Operator, are...

OPEC daily basket price stood at $82.14 a barrel Friday, 7...

OPEC daily basket price stood at $84.35 a barrel Wednesday, 12 January 2022
Vienna, Austria, 10 January 2022--The price of OPEC basket of thirteen crudes stood at $82.14 a barrel on Friday, compared with $80.80 the...

SHELL’S DEAL TO DIVEST MORE ONSHORE ASSETS IN NIGERIA MAKES $3Bn

SHELL DIVESTS MORE ONSHORE ASSEST IN NIGERIA ..DEAL TO FETCH $3BN
Oil major Shell is placing more oil assets in Nigeria on sale with at least five Nigerian oil and gas companies...
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