Category: Oil & Gas
6th Joint IEA-IEF-OPEC workshop: Experts to discuss physical, financial energy markets
The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organisation of the Petroleum Exporting Countries (OPEC) met today at the OPEC Secretariat in Vienna, Austria, to participate in the 6th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets. The high-level meeting was co-chaired by OPEC Secretary General, Mr Mohammad…
NEITI urges more transparency in oil, gas industry
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said even though financial accountability has improved, the Nigerian National Petroleum Corporation (NNPC) still hasn’t explained billions of dollars of missing revenue. While energy producers have cooperated and complied with requirements to publish payments, NEITI has struggled with the state-owned NNPC, Executive Secretary of NEITI, Waziri Adio,…
NNPC delivers gas equivalent of 3,342MW —Reports
The Nigerian National Petroleum Corporation (NNPC), has disclosed that a total of 828 million standard cubic feet, mscf of gas per day was delivered to the gas-fired power plants in December 2017. This, the corporation said, enabled the power plants to generate an average of 3,342 Mega Watts, MW, a modest 11.4% increase over the…
ExxonMobil’s Senior Vice President, Mark Albers retires
Senior Vice President of Exxon Mobil Corporation, Mark W. Albers, has announced his intention to retire, effective April 1, 2018, after more than 38 years of service. Albers, 61, was elected to his current position as senior vice president and a member of the corporation’s Management Committee in 2007. Throughout his career, Albers held a…
ExxonMobil renews longstanding commitment to Women’s Economic Empowerment
In recognition of International Women’s Day, ExxonMobil announced today that it is providing $7 million in grants in 2018 to renew support for local and global organizations working to empower women economically. Grants made this year will continue ExxonMobil’s longstanding support for efforts to increase research into new methods to advance women economically, assist women…
Indonesia targets Nigerian crude oil, seeks partnership in oil trading
Nigerian crude oil has again proved its enormous prospects as the beautiful bride of the global oil market with Indonesia expressing the desire to buy more crude oil from Nigeria. The request was made by the Head of Economic Affairs of the Indonesian Embassy, Mr. Dwiyatna Widinugraha, who led a delegation from the country on…
Freed lecturers: UNIMAID pledges return to Chad Basin for oil exploration
By Energy Worth The University of Maiduguri (UNIMAID) has defied incarceration of its lecturers that lasted over eight months by expressing willingness to align with the Nigerian National Petroleum Corporation to resume oil exploration activities in the Chad Basin. Leading the three lecturers and the Management team of the University on a visit to the…