Category: Oil & Gas

Thirty eight ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin Can Island Ports in Lagos from May 11 to May 26. The Nigerian Ports Authority (NPA) stated this in its publication, `Shipping Position,’ a copy of which was made available to the News Agency of Nigeria…

The Nigerian National Petroleum Corporation (NNPC) says it is ever ready to support the Petroleum Tanker Drivers (PTD) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) in whatever way to enhance the distribution of petroleum products across the country. NNPC Group Managing Director, Dr. Maikanti Baru, made this commitment at the 4th…

By Gregory R. Copley U.S. President Donald Trump on May 8, 2018, fulfilled a major campaign promise to his voters by withdrawing the U.S. from the 2015 JCPOA (Joint Comprehensive Plan of Action) into which it had entered with Iran and the five permanent members of the United Nations Security Council plus Germany (the P5+1)…

By Energy Worth The House of Representatives on Wednesday, asked the Federal Government to suspend its planned sale of the Nigerian Liquefied Natural Gas Limited. It described the NLNG as one of the most successful and lucrative investments of the government, which should be left to run as a major public asset. Nigeria has 45…

Oil rose to a three-year high after the U.S. told buyers of Iranian crude they have six months to curb their purchases or face tough penalties. While the full impact of President Donald Trump’s decision to withdraw from the nuclear deal is still unclear, the re-imposition of far-reaching sanctions is expected to start reducing shipments…

The Nigerian National Petroleum Corporation (NNPC), has disclosed that Downstream subsidiary, the NNPC Retail Limited, now holds 14 per cent of the market share of petroleum products retail business in Nigeria. Group Managing Director of the NNPC, Dr. Maikanti Baru, made this disclosure at the 1st to 5th Annual General Meeting (AGM) of the NNPC…

President of the Senate, Dr. Abubakar Bukola Saraki, on Tuesday, urged the International Oil Companies and Oil Producers Trade Section (IOC/OPTS) operating in the country not to induce lawmakers during the consideration of other sections of the Petroleum Industry Bill. The News Agency of Nigeria (NAN) has reported. The Fiscal and Host Communities Bills, a…

French energy giant, Total SA plans to boost oil exploration and open more fuel stations in Africa’s most industrialized country. Total pumped a record amount of oil and gas in the first quarter and expects output growth to exceed its 6% target this year thanks to acquisitions and new projects from the Arctic to West…

Energy Worth with Agency Report Experts have cautioned against undue optimism over the three-point strategy unfolded by the Federal Government to end gas flare by 2020, insisting that elusive strategies and other inherent challenges, would ensure that the desire remains a pipe dream. To further illustrate their pessimism, they say there is no way the…

By Energy Worth The Nigerian National Petroleum Corporation (NNPC) has disowned a recruitment advertisement currently trending in the social media. The advertisement, set in NNPC’s corporate colour with its logo, invites candidates with background in Sciences, Engineering, Business/Finance, Social Sciences, Arts/Humanities as well as Medical/Health Sciences to apply, giving required educational attainments of prospects to…