Signs of global reopening push oil price up
The price of oil at the international market maintained slight increase on Thursday, following signs of reopening of economies across the world after weeks of lock down due to the outbreak of Coronavirus pandemic.
Oil majors explore assets reduction over weak outlook
With the demand outlook reflecting that the oil market will likely be facing a supply surplus in 2020, many oil majors have begun to explore the write down of their assets for the fourth quarter.
Chevron, Total, Shell others to divest $27 billion assets
International Oil Companies (IOCs), including ExxonMobil, Chevron, BP, Total, Shell, and ConocoPhillips are planning to sell assets worth $27.5 billion in bid to invest in new regions, new research by Rystad Energy has said.
NUPENG suspends planned industrial action over Chevron Workers’ sack as NNPC Intervenes
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its planned nationwide industrial action over the sack of 500 of its members by Chevron Nigeria Limited. The suspension of the plan came as a result of the swift intervention of the Nigerian National Petroleum Corporation (NNPC).
Chevron, partners commit N2.7 billion to health infrastructure
Stakeholders in the health sector in Nigeria have commended the efforts of a Chevron Company, Star Deepwater Petroleum Limited, and its partners in the Agbami field, including Famfa Oil Limited, Nigerian National Petroleum Corporation (NNPC), Equinor, and Petroleo Brasileiro Nigeria Limited for expending over N2.7billion on health infrastructure in the country.
‘How power transmission, distribution hamper gas sector development’
Indications have emerged that inability of the country’s power generation companies (GenCos) and distribution companies (DisCos) to keep the circular flow of energy to the end users hamper gas sector development. General Manager, Downstream Gas, Chevron Nigeria/Mid Africa, James Okereke, said that an enabling commercial framework, globally competitive fiscals, strong vital infrastructure and reliable operations,…
63 days after, Ojumole Well 1 fire incident ends, says Chevron
About 63 days after Ojumole Well 1 in Ilaje Local Government Area of Ondo State was gutted by fire, Chevron Nigeria Limited (CNL) has declared...
Petroleum sector braces for robotics as adoption hits $277.8bn
Oil and gas industry is set to speed up the adoption of robotics in upstream, midstream, and downstream activities with the aim of driving efficiency and productivity in the face of uncertainties. A report released on ‘Robotics in Oil & Gas’ by a global think-tank, GlobalData, said the sector is seriously gearing up for use…
Chevron spends N21.6b on chest clinics, science labs, others
Chevron Nigeria Limited (CNL) has spent over N21 billion on 28 chest clinics, 23 hybrid and conventional libraries, 39 science laboratory complexes and one medical diagnostics laboratory across the country. Other projects in the portfolio include 10 model classroom blocks and nine mother-and-child care centres. This was revealed by the General Manager, Policy, Government and…
Delta community, Chevron tackle escalating oil well fire
Facts emerged yesterday that the April 18, 2019 oil well fire on Chevron Nigeria Limited (CNL)’s Ojumole Well 1 in Polobubo (Tsekelewu) community in Warri North Council, Delta State..
Communities lament firm’s alleged dishonesty over inferno
Chevron Nigeria Limited (CNL) has blamed raging inferno at Ojumole Well 1 in Ilaje Local Council of Ondo State on interference by third party, who released hydrocarbon that caused combustion. The General Manager, Policy Government & Public Affairs, CNL, Mr. Esimaje Brikinn, said this during a public hearing at the Ondo House of Assembly on…