By Oke Peter An oil company based in Nigeria, NIPCO, says it has converted about engines of 5,600 vehicles using petrol to Compressed Natural Gas (CNG) as it is cost effective. The Managing Director of NIPCO, Mr Sanjay Teotia, said this in a statement issued by the Manager, Corporate Communications, NIPCO, Mr Taofeek Lawal, on…
Guinea-Bissau is eager to kick start exploration in acreage shared with oil-rich Senegal, but it’s slow going. Paul Melley writes Guinea-Bissau and Senegal made good early progress in talks to revise the agreement sharing out potential oil and gas revenue from their joint offshore exploration zone. But with both governments under domestic pressure, a scheduled…
By Oke Peter The 8th annual Nigeria Alternative Energy Expo (NAEE) opened on Tuesday in Abuja at the Yar’Adua Centre with hundreds of delegates and participants across Africa and industrialized world. The 8th Annual Nigeria Alternative Energy Expo has the theme tagged: ‘Liberating Economic Drive with Clean Energy’. This year’s edition is one of our…
By Oke Peter The United Arab Emirates (UAE) and the Federal Government have agreed to cooperate in the area of solar energy and artificial intelligence for the mutual benefits of both countries. The agreement was reached during a meeting in Abuja, between the Minister of Science and Technology, Ogbonnaya Onu, and the Ambassador of the…
The Nigerian National Petroleum Corporation (NNPC) has assured motorists and other consumers of availability of petroleum products during the festive period. Group Managing Director, Dr. Maikanti Baru, in a statement on Wednesday said that the NNPC has 37 days fuel sufficiency of which strategies had been put in place to ensure that Nigerians experience a…
By Nick Cunningham Warning signs about the slowing of the global economy continue to crop up, and market jitters are taking the steam out of oil prices. U.S. corporate earnings are no longer sky-high, with a range of factors starting to cut into margins. The U.S.-China trade war has not made headlines in the same…
By Oke Peter Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu, has received the Burj CEO Award for leader-ship, won by Dr. Hage Geingob, President of the Republic of Namibia in 2017. Dr. Kachikwu was unanimously selected by the screening team and awarded the prestigious African Leadership Award of the Year at an event…
The Cross River State command of the Nigeria Security and Civil Defence Corps on Wednesday arrested seven suspected oil thieves with over 200 drums of adulterated crude worth over N10m. The Punch has reported. The state Commandant of the NSCDC, Mr Stephen Lar, at the Jebbs area in Calabar South, said the arrest was made…
The Nigeria Security and Civil Defence Corps (NSCDC), Edo State Command, has intercepted a truck laden with 45,000 litres of suspected illegally-refined petroleum products. The State Commandant of the NSCDCM, Mr Makinde Ayinla, made the disclosure to the News Agency of Nigeria (NAN) in Benin on Tuesday. Ayinla said that the truck was intercepted at…
By Julianne Geiger The American Petroleum Institute (API) reported a huge build of 9.88 million barrels of United States crude oil inventories for the week ending October 19, compared to analyst expectations that this week would see a hefty build in crude oil inventories of 3.694 million barrels. Last week, API reported a surprise draw…
