Digitization Makes Online Crude Oil Trading Easier. Digitalization is gradually taking over the economy. Many businesses are changing their mode of operation using cyberspace technology. One of the most common businesses in cyberspace is online trading. It has become the most stable source of income for many entrepreneurs globally. Crude Oil is
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Ondo $500 Million Modular Refinery Spurs High Hopes The need to have more refineries in Nigeria has been a front burner issue not just to the Federal Government but private investors in the country’s oil and gas industry. Nigeria currently has four refineries, which are located in Port Harcourt, Kaduna and Warri,
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Aiteo Declares Force Majure As Fire Guts Nembe Creek Trunk Line. The management of Aiteo Eastern Exploration and Production Company on Sunday said that it had placed a force majure on the Nembe Creek Trunk Line (NCTL) due to fire outbreak. Mr Ndiana Matthew, Head, Corporate Communications of the company said this
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AN indigenous oil servicing firm in Akwa Ibom State, Pioneer Divers International Limited, has dragged Nigeria Content Development and Monitoring Board, NCDMB, to a state High Court, Eket Judicial Division, for alleged breach of the local content laws. In the suit number HEK/96/2019, filed by its lead counsel, Nwabueze Onukogu, the
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DPR Bans Sale Of Cooking Gas In Shops, Homes. The Department of Petroleum Resources (DPR), has said it would clamp down on illicit retailers of Liquefied Petroleum Gas (LPG) popularly known as cooking gas in Rivers State. DPR’s Port Harcourt Zone Operations’ Controller, Mr Bassey Nkanga, hinted of a planned clampdown on
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Gas Producers Lament Regulated Low Prices, Power Sector Debt Gas producers in the country have said the debt owed by the power sector and the regulated low prices of the commodity constitute a drag on gas development. Operators and other stakeholders, including the Oil Producers Trade Section of the Lagos Chamber of
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NNPC Praises Oilserv On East-West Gas Pipeline. The Nigerian National Petroleum Corporation (NNPC), has praised Oilserv Limitted, for iplaying a major role in the oil and gas industry since her inception in 1992. The NNPC said the company has contributed immensely to the development of pipelines systems infrastructure in Nigeria, having executed various
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FG Blames Fuel Queues On Logistics Gap. Minister of state for petroleum resources, Ibe Kachikwu has said long queues at filling stations has nothing to do with petrol supply scarcity but as a result of logistics challenges and urged the public to ignore rumours of planned upward review of pump price
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FG To Award Gas Flare Contract In Q3’19 Minister of State for Petroleum Resources, Ibe Kachikwu yesterday said that Nigeria will award contracts for its flared gas by the third quarter of the year. Kachikwu who stated this in a media parley in Abuja, also said that Nigeria is losing about $1
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Petrocam Trading: Why We Suspend Plan To Build Refinery In Nigera. Petrocam Trading Nigeria Limited has announced the suspension of its plan to build a refinery in the country. The Managing Director, Petrocam Trading Nigeria Limited, Mr Patrick Ilo, said the lack of full deregulation in the downstream sector was hampering investments. The
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