In a bid to keep the country wet with petrol and eradicate the fuel queues that have resurfaced in some cities, the Nigerian National Petroleum Corporation (NNPC) has programmed to bring in two cargoes of petrol per day for the rest of February 2018 to boost supply.Each of the two cargoes is 50 million litres…
Exxon Mobil Corporation has said that it added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183 percent of production. ExxonMobil’s proved reserves totaled 21.2 billion oil-equivalent barrels at year-end 2017. Liquids represented 57 percent of the reserves, up from 53 percent in 2016. ExxonMobil’s reserves life at current production rates…
*The missing vessel. By Energy Worth with Agency Report India has sought the help of the Nigerian and Benin natives to find an oil tanker that has gone missing with 22 Indian crew members off Benin’s coast. External Affairs Minister, Sushma Swaraj, confirmed this on Sunday that the tanker, Marine Express, went missing in the…
By Energy Worth with Agency Report An Italian lawyer working for oil giant, Eni, Piero Amara, was arrested alongside 14 other people by Italian investigators over an intricate plan to spy and muddle a number of investigations undertaken including investigation into OPL 245, infamously known as the Malabu Oil scandal. Last October, Italian prosecutors charged…
Arrests 2 station managers, 6 black marketers As part of efforts to sanitize the fuel supply and distribution system to eliminate the queues, the Nigerian National Petroleum Corporation (NNPC) has stepped up the arrest and prosecution of erring marketers and fuel hawkers across the country. The NNPC Special Task Force on Filling Stations Monitoring has…
The missing ship. By Energy Worth with Agency Report India has sought the help of the Nigerian and Benin natives to find an oil tanker that has gone missing with 22 Indian crew members off Benin’s coast. External Affairs Minister, Sushma Swaraj, confirmed this on Sunday that the tanker, Marine Express, went missing in the…
Azure Power Plant, Benin-City, Edo State. The Minister of Power, Works and Housing, Mr. Babatunde Fashola, recently inspected the 450MW Azura Independent Power Plant in Benin, Edo State, describing the project as a proof of the Federal Government’s commitment to improving power generation and experience for the purpose of diversifying the nation’s economy.Fashola, who spoke…
ExxonMobil has announced that a new 1.5 million ton-per-year ethane cracker at its Baytown, Texas complex is mechanically complete and set for inaugutation. Project startup is expected during the second quarter of 2018.The new ethane cracker, part of ExxonMobil’s multi-billion dollar Baytown chemical expansion project, will provide ethylene feedstock to the new performance polyethylene lines in Mont Belvieu,which…
In demonstration of its commitment towards youth development in Nigeria, leading Electricity Distribution Company, Ikeja Electric Plc (IE), recently organized a youth empowerment programme to train 40 participants across its network.The two-week vocational training was held at the Community Vocational Centre in Oshodi, Lagos and it provided a platform for the participants to hone their…
CNOOC Limited has announced that its Stampede Field, located in the deepwater Gulf of Mexico, has commenced production. The Stampede Field is located in the Gulf of Mexico, approximately 185 kilometers south of Fourchon,Louisiana, U.S.A. It is positioned in approximately 1,066 meters of water, with a reservoir depth of 9,100 meters.The facility is designed for a gross topsides…
