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by James Ikenna……. Finally the Nigeria National Petroleum Corporation (NNPC) have agreed after a protracted negotiations with local oil companies and the international oil majors to cut down the number of crude oil cargoes for export from ten to Seven. NNPC is to put on sale a total of seven cargoes in June as against a total of ten cargoes ...

ExxonMobil affiliate companies in Nigeria have announced the retirement of Udom Uko Inoyo, Vice Chairman & Management External Advisor, Upstream Nigeria, from the Company after more than 30 years of meritorious service, with effect from May 1, 2020. Announcing the retirement, the Chairman/Managing Director of ExxonMobil Companies in Nigeria, Paul McGrath, stated that Mr. Inoyo’s career with Mobil Producing Nigeria ...

by Abisoye Shola…..,.. The West Africa Gas Pipeline Company (WAPCo) has said that its operations will not be disrupted this period of covid-19 pandemic. However, the company has expressed concern of the challenges of transporting technical personnel. WAPCo has also assured countries within the subregion of an uninterrupted gas supplies particularly Ghana. “There will be a regular supply of gas,: ...

The West African Gas Pipeline Company Limited (WAPCo) has donated Personal Protective Equipment (PPEs) and medical supplies worth N15 million to the Lagos State Government as part of efforts to combat the COVID-19 pandemic. The medical consumables were handed over on Monday by WAPCo Limited to Dr Dolapo Fasawe, General Manager, Lagos State Environmental Protection Agency (LASEPA). Speaking at the ...

The Nigerian Association of Petroleum Explorationists (NAPE) is to hold an online Seminar on how to ensure the safety of oil workers during this pandemic. The Webinar comes up this week, Wednesday, April 29. The Seminar will also explore opportunities that will help reposition the oil and gas industry post coronavirus pandemic. The online Seminar is titled “Impact of COVID-19 ...

by James Ikenna…... OPEC has predicted that oil prices may recover faster than expected post coronavirus pandemic. This is predicated among other things the OPEC+ production cuts and gradual lifting of lockdowns around the world in the second half of this year 2020. Mohamed Arkab, Energy Minister of OPEC’s rotating president Algeria, is predicting that oil prices will be $40 starting ...

by Abisoye Shola..…. The International Monetary Fund (IMF) is billed to approve the $3.4 billion loan for Nigeria today and the disbursement of the fund likely to be immediately before the end of the month. The loan is expected to assist Nigeria in Fighting the coronavirus pandemic. According to IMF, Managing Director, Kristalina Georgieva, the Fund is to provide Nigeria ...

by Jenifer Dike……. The Nigeria National Petroleum Corporation (NNPC) has said that plans are underway to build medical infrastructural facilities Nationwide. This is not unconnected to the pressure on the nation’s poor health facilities accessioned by the ravaging coronavirus pandemic. According to NNPC, despite the supply chain constraints involved in simultaneous nationwide delivery and distribution of medical items at this ...

by Ben Ndubuwa……. Nigerian Agip Oil Company Limited (“NAOC”) has said that it had implemented far reaching measures to ensure safety of personnel and facilities in its operating and field locations prior to the nation’s lockdown due to the coronavirus pandemic. According to Agip, steps had been taken to ensure workers safety before the lockdown declared by the Federal Government ...

by Ben Ndubuwa…… The Department of Petroleum Resources has said it will continue to support oil and gas firms in the country to enable them to keep operating amid the impact of the coronavirus pandemic. The DPR, in a circular to operators and service providers over the weekend acknowledged their efforts in implementing stringent measures to contain the spread of ...