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Oil prices edged higher in early trade on Tuesday after U.S. President Donald Trump returned to the White House from the hospital after being admitted for treatment for COVID-19 last Friday, while another storm brewed in the U.S. Gulf of Mexico. Prices fell sharply last Friday when Trump went into hospital, then climbed more than 5 per cent on Monday ...

………Calls for Collaboration among Downstream Players across Africa…… The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity. This was the submission of the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, at the African ...

LNG London has successfully completed its first ship-to-ship bunkering to a cruise vessel in the port of Rotterdam. Belgian inland transportation specialist, Victrol, explained on Monday that the development was attained on October 1, 2020. According to Worldmaritinenews, it was a new milestone for LNG Shipping and LNG London, Europe’s first inland-waterway liquefied natural gas (LNG) bunker vessel. The LNG ...

The new Petroleum Industry Bill, 2020, currently before the National Assembly, is proposing the establishment of a specialized intervention mechanism, called the Midstream Gas Infrastructure Fund, to deepen gas usage in the country. According to the bill, the purpose of the Fund shall be to make equity investments of government-owned participating or shareholder interests in infrastructure related to midstream gas ...

Siemens Energy, an energy company that provides energy solutions, is celebrating the anniversary of its 50th year of conducting business in Nigeria. The company said it entered the Nigerian market in 1970. In a statement signed by Robin Zimmermann, head of communications, Siemens Gas and Power GmbH & Co. KG, the company said it continues to develop innovative electrification, automation ...

Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has called on the Department of Petroleum Resources, DPR; Nigerian National Petroleum Corporation, NNPC; Ministry of Labour and Employment, and Ministry of Petroleum Resources to compel Shell Petroleum Development Company, SPDC, and Valliant Energy Services, to pay the benefits of workers of ERA Field before their planned termination on October 17, ...

………NPA expects 15 ships with petroleum products………., Managing Director, Nigerian Ports Authority (NPA), Ms Hadiza Bala Usman has, for the second time, been elected Vice-Chair of the International Maritime Organization (IMO) Facilitation (FAL) Committee. The latest election took place during the closing of the 44th Session of the Facilitation Committee (FAL 44), which held virtually between September 28 and October ...

Shell Nigeria Gas (SNG) is to facilitate domestic gas infrastructure development in Oyo State following the signing of a Memorandum of Understanding (MoU) with the state government. The pact targets the distribution of cleaner and more reliable gas energy to industries in the state through a distribution network with potential for around 50 million standard cubic feet of gas per ...

The Ibadan Electricity Distribution Company (IBEDC), has complied with the suspension order on the Service Reflective Tarrif (SRT), and reverted to the old tarrif as at Aug. 31. This is contained in a statement signed by Angela Olanrewaju, the company’s Head, Branding and Corporate Communication. The statement was made available on Saturday in Ibadan. The company in the statement titled ...

The Domestic Refinery Owners Association of Nigeria (DROAN), have thrown their weight behind the Federal Government’s removal of oil subsidy in the country. The National Chairman of the association, Mr Godwin Sunday, made this known in a press conference organised by the association in Uyo on Saturday. DROAN chairman said that the association was in full support of President Muhammadu ...