Oil & Gas - Page 56

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

OPEC Canvasses $14trn Investment To Meet Soaring Global Oil Demand

OPEC Secretary General, Haitham Al Ghais, has made an urgent call for a $14 trillion investment between 2023 and 2045 in a plea to address the escalating global thirst for oil and

Emmanuel Ochayi

October 24, 2023

Marketers Assure Petrol Price Drop, Zero Scarcity During Yuletide

Business·News·Oil & Gas

Petrol Price Jumped To N626.21 In September – NBS

NBS) on Saturday disclosed that the average retail price of a litre of premium motor spirit (otherwise called petrol) increased from N191.65 in September 2022 to N626.21 in September 2023.

Emmanuel Ochayi

October 21, 2023

NCDMB, FIRS Offer Tax Incentives For Oil Industry R&D Investments

News·Oil & Gas

NCDMB Urges African Countries To Develop Local Competences For Economic Prosperity

Simbi Wabote, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) has stated that African countries must prioritize local capabilities to unlock economic growth. Speaking at the 2023 Africa

Emmanuel Ochayi

October 19, 2023

AMA News·Oil & Gas

Africa must rethink natural resources management to avoid adverse socio-economic consequences – experts

Rethinking responsible use of natural resources ABIDJAN, Côte d’Ivoire, 19 October 2023 -/African Media Agency(AMA)/- Africa needs to rethink how it manages its natural resources to avoid adverse socio-economic consequences that could hamper sustainable

Prime Business Africa

October 19, 2023

Business·News·Oil & Gas

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

OPEC) has announced that Nigeria is on the verge of a transformation in its energy sector with the establishment of medium-term modular refineries with a daily production capacity of 20,000 barrels each.

Emmanuel Ochayi

October 17, 2023

News·Oil & Gas

Shell Confirms Oil Spill In Bayelsa, As Community Pleads For Swift Action

Shell Petroleum Development Company (SPDC) Nigeria has confirmed an oil spill from its flow station in Peremabiri community, Southern Ijaw Local Government Area of Bayelsa State on Friday October 13. The oil

Emmanuel Ochayi

October 14, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Oil & Gas

Nigeria’s NNPC Ends Crude Swap For Cash

The Nigerian National Petroleum Company Limited (NNPCL) has ended the crude oil swap deal and adopted cash tenders for fuel procurement. The move, as reported by Reuters, signifies a departure from a

Emmanuel Ochayi

October 13, 2023

News·Oil & Gas

‘No Excuses’ For August 2024 Deadline, Minister Charges Gas Pipeline Contractors

Nigeria’s Minister of State Petroleum Resources, Ekperikpe Ekpo, has called on contractors overseeing the 614-kilometer Ajaokuta, Kaduna, Kano gas pipelines project to stay committed to the promised July/August 2024 completion deadline. Ekpo’s

Victor Ezeja

October 13, 2023

Business·Oil & Gas

Nigeria’s September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Nigeria, a vital member of the Organization of Petroleum Exporting Countries (OPEC), recorded a surge in crude oil production in September 2023.

Emmanuel Ochayi

October 13, 2023

Business·Oil & Gas

Nigeria’s Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn

Nigeria’s pursuit of leveraging its natural gas reserves for industrialization and development has suffered a setback, as drilling cost for gas wells is climbing to $30 million. At a media parley and

Emmanuel Ochayi

October 12, 2023

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Oil & Gas - Page 56

OPEC Canvasses $14trn Investment To Meet Soaring Global Oil Demand

Petrol Price Jumped To N626.21 In September – NBS

NCDMB Urges African Countries To Develop Local Competences For Economic Prosperity

Africa must rethink natural resources management to avoid adverse socio-economic consequences – experts

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

Shell Confirms Oil Spill In Bayelsa, As Community Pleads For Swift Action

Nigeria’s NNPC Ends Crude Swap For Cash

‘No Excuses’ For August 2024 Deadline, Minister Charges Gas Pipeline Contractors

Nigeria’s September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Nigeria’s Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn

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