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by Chiamaka Praise Our Client is an independent oil and gas operator with head office in Lagos and field operations in Delta and Rivers state respectively is currently looking for an LPG Manager- Stock Point Job Description Summary: To lead the Stock Point teams and achieve highest Safety and Reliability standards in Stock Point Operation. The incumbent shall be responsible ...

by James Ikenna……….,……… ExxonMobil has reduced its gas flare in Guyana from 80 million cubic feet to 2 million cubic feet per day but retuned 15 million cubic feet per day because of COVID-19 pandemic. Flaring offshore at ExxonMobil’s Liza-1 reduced significantly however glitches in the reinjection process have continued and it rose to about 14 million cf per day ...

President Muhammadu Buhari has approved the reconstitution of the Board of the Nigerian National Petroleum Corporation (NNPC), after the expiration of the term of the board members appointed in 2016. Members of the new Board are: Mohammed Lawal (North West), Tajudeen Umar (North East), Adamu Mahmood Attah (North Central), Senator Magnus Abe (South South), Dr Stephen Dike (South East), and ...

by Abisoye Shola.,………….. Nigeria and Iraq yet to meet their share of OPEC+ production cut as the entire member countries record the lowest production output in two decades in this month of May. On average, the 13-member Organization pumped 24.77 million barrels per day (bpd) this month, down by 5.91 million bpd from April’s revised figure. OPEC and its allies ...

by James Ikenna……. The Central Bank of Nigeria (CBN) has reduced its benchmark lending rate from 13.5 percent to 12.5 percent. The CBN Governor said this on Thursday. According to him, 10 members of the monetary policy committee backed the reduction. It is the first cut since March 2019 The Committee, however, retained the Cash Reserve Ratio (CRR) and the ...

The people of Brass Kingdom in Bayelsa State are seeking for the remediation and compensation for the 150,000 barrels of toxic waste being discharged by the Nigerian Agip Oil Company (NOAC) yearly into Brass river. According to the community this huge waste discharge has over the years brought about environmental pollution to their source of livelyhood in the Brass river ...

by James Ikenna………….. Shell, ExxonMobil, Chevron and others have agreed to redirect their focus and attention to global health, safety and environmental protection while striving to produce energy for the world consumption. In a letter signed by these International oil companies (IOCs) they said that the reality brought about by Covid-19 has further crystallized their focus on what is essential. ...

The Chief Executive Officer (CEO) of Seplat Petroleum Plc, Dr. Austin Avuru has said that operators in the Nigerian oil and gas sector are owing banks about $3 billion debts that are yet to be mitigated. Avuru said this Wednesday, at the Nigerian Association of Explorationists (NAPE) second Webinar series, title “The New Normal Post Covid-19 for the Oil and ...

Oil prices continue to show positive momentum as the oil market appears set to rebalance faster than expected. It was estimated that the market was 16 million barrel per day oversupplied in April. But by June, 4 million barrel per day in demand will come back and supply cuts of 12 milion barrel per day will move the market back ...

by Jenifer Dike………….. Shell Nigeria Exploration and Production Company (SNEPCo) has begun the 5th turnaround maintenance at Bonga and its crude oil export terminal. According to SNEPCo this maintenance is billed to have the work done in “record time” This is another statutory activities that will ensure continuous optimum operations at the deep water field which began producing in November ...