Category: Business News

Exxon Mobil Corporation announced today it will combine its refining and marketing operations into a single company, ExxonMobil Fuels & Lubricants Company, in the first quarter of 2018. Bryan Milton, currently president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has been appointed president of the combined division by ExxonMobil’s board of directors, effective Jan….

The 173rd Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 30 November 2017, under the Chairmanship of its President, HE Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, and Head of its Delegation. The Conference congratulated HE Mustapha Guitouni,…

The 173rd Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 30 November 2017, under the Chairmanship of its President, HE Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, and Head of its Delegation. The Conference congratulated HE Mustapha Guitouni,…

Former President, Chief Olusegun Obasanjo, has commended the Management of the Nigerian National Petroleum Corporation (NNPC) for ensuring an uninterrupted supply of petroleum products which he noted was an integral part of energy security in the country.  In a speech presented on his behalf by an aide to the former President, Chief Idowu Akanle, at…

By Oke Peter The Former Deputy Governor of Central Bank of Nigeria (CBN) on Thursday charged the federal government to amend some structures of public corporations such as the Nigerian National Petroleum Company (NNPC) to create room for improvement and accountability. The former deputy governor of the country’s apex bank, Professor Kingsley Moghalu, made the…

Total has inaugurated the new units at its Antwerp integrated refining and petrochemicals platform, which have progressively started up in the last few months. This event marks the completion of the upgrade program launched in 2013 of one of the largest and most efficient integrated refining and petrochemicals platforms in Europe. Thus, the company has…

Russia’s Energy Minister, Alexander Novak, expects OPEC and its allies to reach a decision on Thursday to extend their pact to curb oil output as signs of a growing consensus emerged with the cartel’s biggest producer Saudi Arabia. “We have reached in general a mutual understanding” on the future of the deal, Novak said in…

Russia’s Energy Minister, Alexander Novak, expects OPEC and its allies to reach a decision on Thursday to extend their pact to curb oil output as signs of a growing consensus emerged with the cartel’s biggest producer Saudi Arabia. “We have reached in general a mutual understanding” on the future of the deal, Novak said in…

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has added a major laurel to his growing list of honours since assumption of office following his recent nomination as the Forbes Best of Africa Oil and Gas Man of the Year 2017 Award by the New York based Internationally reputable…

At a time that international crude oil market is getting more competitive, the Hungarian Government has indicated interest to purchase crude oil and Liquefied Natural Gas (LNG) from Nigeria. The Hungarian Ambassador to Nigeria, Professor Gabor Ternak, who disclosed this during a courtesy call on the Group Managing Director of the Nigerian National Petroleum Corporation…