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BP (BP.L) and Eni (ENI.MI) disclosed that they are planning to merge their oil and gas operations in Angola to form one of Africa’s largest energy companies. The two companies have signed a non-binding memorandum of understanding and are in discussions on a joint venture that will include their liquefied natural gas (LNG) facilities, they said in a statement. A ...

As part of its commitment to advance regional integration, the Petroleum Technology Association of Nigeria (PETAN) has said that it is willing to collaborate and invest in opportunities across the entire value chain of the oil and gas industry in Africa. The Chairman of PETAN, Mr Nicolas Odinuwe, disclosed in his welcome address at the 5th edition of the Sub-Saharan ...

The Nigerian Institute of Public Relations, (NIPR) on Thursday in Bauchi at its Annual General Meeting, conferred the prestigious Fellowship Award on Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporation. Obateru, a self-driven and an amiable PR practitioner, joined the NNPC in 1992 as an experienced hire. Through the years he has ...

Governors of the Thirty-Six States of the Federation have pushed forward it’s stand for for full deregulation of the downstream sector and have suggested that the price of Premium Motor Spirit (PMS) otherwise known as Petroll to sell for N408 as against the current price of N165 per life. This is coming at the heels of the clash between the ...

…..by Musa Ibrahim…………LCCI: we need innovative policy on petroleum……. The Minister of State for Petroleum Resources, Chief Timipre Sylva has reiterated the plan by the federal government to remove subsidy on Premium Motor Spirit (PMS) otherwise known as Petroll very soon.The Minister said yesterday when he told reporters that there is no going back on the decision because the government ...

The Nigerian Navy said it has intercepted about 128,612 barrels of crude oil valued at about N2,598,219,624 and 15,317,150 litres of AGO valued at over N3 Million between January and May this year. Also seized from the oil thieves within the time under review was 5,150 litres of Premium Motor Spirit (PMS) valued at about N1 Million and 3,193,251 litres ...

……… by James Ikenna………. Experts have warned that another review of electricity tarrif and the removal of subsidy may trigger further inflation in the coming months. According to them a likely review of the electricity tariff in June, and the possible removal of subsidy payments for petroleum products supply would mount pressure on inflation in Nigeria. Mr. Ebo Ayodeji the ...

The Minister of Transportation, Rotimi Amaechi, said on Monday that President Muhammadu Buhari would inaugurate the Maritime Security Project in Lagos in June. Amaechi made the disclosure when he received the Belgium Ambassador to Nigeria who paid him a courtesy visit in his office in Abuja. He said that insecurity in the maritime sector which was now more complex than ...

Eko Electricity Distribution Company (EKEDC) says it has begun the execution of its capital projects for the 2021 business year for improved service delivery to its customers. Mr Godwin Idemudia, General Manager, Corporate Communications, EKEDC, disclosed this in a statement in Lagos State on Monday. The Nigerian Electricity Regulatory Commission (NERC) recently approved the sum of N93.76 billion as the ...

There is strong indications now that the Anglo-Dutch oil major, Shell is set to Divest it’s stakes in all of Nigeria’s onshore oil blocks as a result of insecurity due to vandalisation of oil pipes and spills. Shell is said to have opened discussions with the federal government to sell the Anglo-Dutch company’s stake in onshore oilfields. Shell’s Chief Executive ...