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Oil drops more than 2% as demand fears grows over Covid-19
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    Oil drops more than 2% as demand fears grows over Covid-19
    Oil

    Oil drops more than 2% as demand fears grows over Covid-19

    January 16, 20210793

    Oil prices fell more than 2% on as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import dat

    Oil spillage: ERA knocks NOSDRA, Bayelsa Government over tepid response
    News

    Oil spillage: ERA knocks NOSDRA, Bayelsa Government over tep...

    January 16, 20210978

    The National Oil Spill Detection and Response Agency (NOSDRA), and the Bayelsa State Government have come under attack for allegedly failing to act ov

    Power Sector: Nigeria needs $4b annually to access Renewable Energy
    Power

    Power Sector: Nigeria needs $4b annually to access Renewable...

    January 14, 20210975

    The Minister of State Power, Goddy Jedy Agba has said the power sector requires $4 billion annually to universally access clean and renewable energy f

    96 Firms bids for NNPC Downstream Infrastructure Rehabilitation Contract
    Oil

    96 Firms bids for NNPC Downstream Infrastructure Rehabilitat...

    January 14, 20210979

    Mrs. Ada Oyetunde, MD NPSC Buoyed up by the culture of Transparency, Accountability and Performance Excellence (TAPE) of the current NNPC management,

    Ardova Plc moves to acquire Enyo Retail/Supply Ltd.
    Oil

    Ardova Plc moves to acquire Enyo Retail/Supply Ltd.

    January 14, 202101102

    Ardova Plc (AP), a Nigerian integrated energy company, says it is set to conclude the acquisition of Enyo Retail and Supply Limited (Enyo), as discuss

    NNPC Restates Commitment to OPEC+ Agreement
    Oil

    NNPC Restates Commitment to OPEC+ Agreement

    January 13, 20210977

    Mallam Mele Kyari, GMD of NNPC …to focus more on gas, condensats for revenue growth The Nigerian National Petroleum Corporation (NNPC) has reiterated

    Chappal Petroleum Development Company appoints Ufoma Joseph Immanuel as Managing Director
    News

    Chappal Petroleum Development Company appoints Ufoma Joseph ...

    January 13, 202101716

    Mr. Ufoma Joseph Immanuel, Managing Director of Chappal Ufoma Joseph Immanuel has been appointed as the Managing Director of Chappal Petroleum Develop

    Shell to write down Oil and Gas assets value by $4.5 billion
    Oil

    Shell to write down Oil and Gas assets value by $4.5 billion

    January 13, 20210942

    Ben van Beurden, Shell CEO Oil major Shell will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impai

    OPEC+ Compliance with Production Cuts Slips To 75%
    Oil

    OPEC+ Compliance with Production Cuts Slips To 75%

    January 13, 20210888

    OPEC+ group’s compliance with the oil production cuts fell to 75 percent in December 2020—one of the lowest levels since the pact was enacted in May 2

    BW FPSO in Nigeria gets extension award from Eni
    Oil

    BW FPSO in Nigeria gets extension award from Eni

    January 13, 20210957

    BW Offshore made it known that it has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of Eni, until the en

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