Country Chairman and Chief Executive Officer of TotalEnergies EP Nigeria Limited, Mr. Mathieu Bouyer has called on the federal government to ensure good fiscal incentives and healthy competition that will drive operating costs of production down for deep water projects…
The Independent Petroleum Producers Group (IPPG) has issued an urgent call to action for the oil and gas sector to address dwindling production levels and under-investment. The call was made by Abdulrazaq Isa, OFR, Chairman of IPPG in his industry…
THE price of OPEC basket of 13 crudes stood at $93.12 a barrel on Monday, September 11, 2023, compared with $92.84 last Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes, ORB, is made up of the following: Saharan Blend…
THE price of OPEC basket of 13 crudes stood at $86.89 a barrel on Friday, August 25, 2023, compared with $85.71 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes, ORB, is made up of…
The Nigeria Content Development and Monitoring Board (NCDMB) has commended the management of Stoilic Shipping Ltd., for its commitment to growing indigenous capacity for the Nigerian maritime sector. The Executive Secretary of NCDMB, Mr Simbi Wabote, added that the partnership…
Nigerian authorities and Shell’s local subsidiary were on Monday investigating the cause of a spill on the Trans Niger pipeline that lasted several days. The 180,000-barrel-per-day pipeline is one of two conduits to export Bonny Light crude. he spill at…
The Independent Petroleum Producers Group (IPPG) has called on the incoming administration of Sen. Bola Tinubu to address the bottlenecks mitigating against industry growth and energy security. The IPPG Chairman, Mr Abdulrazaq Isa, made the call on Monday in Abuja…
THE Organisation of Petroleum Exporting Countries (OPEC) says global primary energy demand is forecast to increase by 23 per cent in the period to 2045, which necessitates utilising all forms of energy. The OPEC said based on its World Oil…
Shell Petroleum Development Company of Nigeria, SPDC, on Monday received the highest number of awards at the Dinner and Award Night hosted by the organizers of the 2023 sixth Nigeria International Energy Summit, NIES, in Abuja. News Men reports that SPDC…
STAKEHOLDERS in Nigeria’s midstream and downstream petroleum sectors have urged the Federal Government to outline strategies for a sustainable future in the downstream sector. The appeal was made during a virtual online workshop on Friday in Lagos with the theme…
