Oil And Gas

The impact of the Coronavirus lockdowns on the oil, gas and chemicals industries’ integrated value chains is radically shifting relationships and profitability. It is also making planning virtually impossible, as BASF suggested last…

May trim national budget by 15% Nigeria is set to cut the oil price benchmark for the 2020 budget to $20 per barrel, from the prevailing $30 per barrel. When implemented, it would be the second time since the 2020 national budget was…

The former minister of state for petroleum, Emmanuel Ibe Kachikwu has said that some bullish steps need to be taken in the wake of COVID-19 to keep the industry stabilized, or the sector may collapse. Kachikwu said time was ripe for…

The Nigerian National Petroleum Corporation (NNPC) has announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre. According to the Corporation’s Group General Manager, Group Public Affairs…

…To refill cylinders at no cost to the hospital for three months So Energy Ghana Limited, an oil marketing company and a subsidiary of the Sahara Group has presented 20 units of oxygen-filled cylinders to the Tema General Hospital as…

The Federal Government paid N752 billion as petrol subsidy in 2019, a report by the Nigerian National Petroleum Corporation (NNPC) has disclosed. The report on NNPC’s operations and financial activities for January 2020 indicated that…

Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs and as top producers slash output. US benchmark West Texas Intermediate for June delivery was up 7.26 per cent…

The Chairman of Dangote Refineries, Alhaji Aloko Dangote, has engaged 54gene Laboratory to conduct 1,000 COVID-19 test per day in Kano. This comes after spates of mysterious deaths, including high profile personalities in the last…

The Oil and Gas Trainers Association of Nigeria (OGTAN) and other companies handling training in the Nigerian Oil and Gas Industry have been advised to reposition themselves and redesign their training modules to enable them overcome the…

The Nigerian National Petroleum Corporation (NNPC)-led Oil & Gas Industry Intervention Initiative on COVID-19 at the weekend began the third phase of their support programme with the ground breaking ceremony for a permanent Emergency…

The First Quarter (Q1) report from various oil and gas companies reaffirmed the difficult situation the energy companies are dealing with as a result of the slump in oil price as well as the COVID-19-induced disruptions to energy demand. …

  …NNPC commiserates with victims One person has been killed by the fire outbreak that occurred at the Oando filling station, Obalende area of Lagos on Friday as it left many people injured. The 45,000-litre capacity tanker loaded…

Africa is at an energy crossroads! The continent’s best educated, most entrepreneurial and competitive generation is rising and taking on leadership positions that will propel African companies to become more competitive.After such a long…

National Petroleum Corporation (NNPC) said that more than 1,000 graduate trainees it recruited recently will assume duty on Monday, May 2020, a step it said marks the successful completion of the 2019/2020 recruitment exercise by the…

OILSERV Ltd, Foundation donates food, medical supplies worth over 100 million naira to host communities, states and Federal Government of Nigeria. In a bid to cushion the effect of the pandemic on the livelihood and health of…

The Gabonese Ministry of Mines and Hydrocarbons is pushing for the mobilisation of African capital to finance the recovery of the continent’s economies as the Covid-19 crises bite harder. In order to advance the Year of Investment, 2020…

...PPPRA parleys CBN on proposal Nigeria may return to the erstwhile regime of private businesses sourcing for petroleum products from anywhere, and having the products run under market driven-forces. Orient Energy Review…

Engen, an Africa-based energy company has donated donated funds and 10,000 litres of diesel worth P94,800 to the Botswana Defence Force (BDF) who are working closely with the Botswana Police Services to assist in ensuring…

The Nigerian National Petroleum Corporation (NNPC) has released its crude official selling prices (OSPs) for May, cutting values for all its grades from the decades-lows in April. According to a news report sourced…

The OPEC Secretariat said it has been hosting series of energy round tables with select experts from international institutions, the oil industry and the financial community following two Extraordinary OPEC and non-OPEC Ministerial…