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by James Ikenna……….. Shell, ExxMobil, Chevron and Vitol have all together sold six cargoes of crude oil to Indian Refineries yesterday. These six cargoes were part of the 35 outstanding Nigeria cargoes waiting to be picked by two Indian companies last week. Financial Energy Review leanrt that these cargoes are part of July spot trading programme that are waiting to ...

by Our Reporter………….. Pressure has continued to mount on the dissolution of Petroleum Products Pricing and Regulation Agency (PPPRA) as the Manufacturer Association of Nigeria (MAN) has described the Petroleum Products Pricing and Regulation Agency (PPPRA) as an aberration considering the role the agency has set to play in the current government so called deregulation regime of the downstream sector. ...

by Abisoye Shola………… Oil marketers have expressed displeasure over the policy statement by the Petroleum Products Pricing Regulation Agency (PPPRA) particularly the section 3(2) of the memo issued Thursday by PPPRA insisting that the price of PMS advised by PPPRA shall be the guiding retail price at which the product shall be sold across the country. The policy statement titled: ...

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The Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down cost of crude oil production to $10 per barrel or below, the Corporation’s Chief Operating Officer (COO), Ventures and Business Development, Mr. Roland Ewubare, has said. A press release by the Group General Manager, Group Public Affairs Division of the corporation, Dr. Kennie Obateru, stated that Mr. Ewubare ...

by James Ikenna……….. There are indications that Nigeria may offload her backlog of 35 cargoes of crude oil to two India Refineries. The cargoes are part of July spot trading programme that are waiting to be sold to two India International oil companies (IOCs) which have put up tenders for the cargoes. Though it is not too clear whether the ...

…………….Mulls over Partnership with Developers to Reduce Nation’s Housing Deficit As part of measures to cope with the boom and bust cycle in the global crude oil market and to sustain revenue generation for the Country, the Nigerian National Petroleum Corporation (NNPC) is firming up a bouquet of business portfolios in the power, medical, housing and other sectors that would ...

…,…………….Deploys Online Petroleum Products Procurement Solutions n line with the Transparency, Accountability and Performance Excellence (TAPE) agenda of the present Leadership of the Nigerian National Petroleum Corporation (NNPC), and the commitment to continually deploy Information and Communications Technology (ICT) for the purposes of operational efficiency and accountability within the corporation’s system, the National Oil Company has developed a contacts-tracing software ...

by Musa Ibrahim…………. As the Federal government reel out the guideline for the bid of the 57 marginal field, the government will rake in about N2.4 billion as non-refundable fees only. According to the guidelines on the 2020 oil bid round exercise interested bidders are to pay Department of Petroleum Resources (DPR) non-refundable chargeable fees as follows, Application fee of ...

by Jenifer Dike…,…………. Over the years the oil and gas industry has gone through crisis after crisis, but it has been able to recover and reinvent itself through innovations. Therefore as the world unlocks it’s doors for businesses post COVID-19, one of the major factors to be considered in doing businesses is the new normal brought about by the current ...