Despite an oversupplied market, the British wholesale gas prices rose on Wednesday following an unplanned outage at a gas field which was extended. Recall that gas price was 0.59 pence higher at 32.10 p/therm months ago. National Grid data showed that the system is oversupplied with demand forecast at 144.8 million cubic metres (mcm) and supply…
The nation of Equinor has acquired over 50% stake in Argentina’s largest offshore block, CAN 100, as part of its collaboration with Argentina state-controlled oil firm YPF, the Norwegian company said on Wednesday.
The Secretary-General of the Organization of the Petroleum Exporting Countries, OPEC, Dr. Mohammed Barkindo, has congratulated the new Minister of State for Petroleum Resources, Mr. Timipre Sylva, on his newly attained feat.
Nigeria’s crude oil production rose by 8% (1.95 million bpd) in July according to data released by OPEC. In the monthly market report for August, it showed an increase from the month of June (1.80 million bpd).
US oil and gas company, ExxonMobil and ENI have revealed that they plan to open four exploratory wells off the Zambezi Delta in Mozambique in 2020. According to Carlos Zacarias, chairperson of the National Petroleum Institute (INP), the wells which were among those covered by the fifth licensing round, launched by the government in 2014 will be…
Today, while inaugurating his cabinet in Abuja, President Muhammadu Buhari confirmed the Minister of Petroleum.
The nation of Uganda has made known its second licensing round in 2019 which is to cover about five blocks in Albertine Carbon to increase international investment into the country’s oil-rich energy sector.
The distribution companies (DisCos) have called for the concession of the Transmission Company of Nigeria (TCN) in order to ensure more effectiveness. The Executive Director of Association of Nigerian Electricity Distributors (ANED), Barrister Sunday Oduntan said this while speaking to Daily Sun. Oduntan said TCN is being operated like the…
The Nigerian National Petroleum Corporation received its certificate of accreditation for the NNPC Health Maintenance Organization (HMO) from the National Health Insurance Scheme NHIS) over the weekend.
The PPPRA revealed its intentions to commence a comprehensive audit and survey of the nation’s downstream oil and gas logistic facilities.