NNPC to deliver oil firms’ intervention to states, PTF
Indigenous oil firms operating in the country have stated that their intervention, including food and medical supplies for the pandemic, will be delivered by the Nigeria National Petroleum Corporation
Nigeria hopeful as oil passes $30 benchmark amid new cuts
Crude oil futures were higher yesterday morning amid market expectations that demand destruction following the COVID-19 outbreak has found a floor, while OPEC+ cuts begin.
‘Why Discos are yet to deploy novel technology’
An engineer, Kenechukwu Agu, has decried his inability to deploy the technology that could boost revenue for electricity distribution companies (Discos), and slash the electricity bills...
DPR issues guidelines on offshore, onshore operations
The Department of Petroleum Resources (DPR), has issued new guidelines to industry players on managing the spread of coronavirus in offshore and remote locations.
Oil prices will rebound when world economies exit lockdown, says Kazeem Bello-Osagie
The prices of oil will go up after economies all over the world exit coronavirus lockdown, the chief executive officer of Hampton-Row Real Estate company and former Managing Director QUO Courier & Logistic Kazeem Bello-Osagie has said. Already, the world's biggest economies have recession staring them in the face but the real estate man is…
Economic necessity, dilemma of fuel subsidy removal
With the recession in 2016, former Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kwachikwu, announced in January that the prices of petroleum products in Nigeria will be “modulated” to ensure efficiency and availability of products.
Peavey bags power engineers’ fellowship for industry advancement
Group Chief Operating Officer, Income Electrix Limited, Dr. Dallas Peavey, has been elected into the Fellowship grade of the Nigerian Institution of Power Engineers (NIPE) in light of his contributions to the advancement of the Nigerian power sector. Peavey’s experience cuts across the generation, transmission and distribution value chains of the power industry in Africa,…
‘Nigeria can account for every molecule of oil it produces’
Nigeria is often acclaimed to be unable to account for the oil it produces, as conflicting reports are often released to the public. However, the Department of Petroleum Resources (DPR) Director/CEO, SARKI AUWALU debunk
Why oil market uncertainties, COVID-19 will stall projects
The outbreak of coronavirus and glut in the oil sector will drastically affect the nation’s oil industry, especially projected which are expected to take place this year, the Chairman...