Tag: Covid-19
Despite Pandemic’s Impact, GECF Upbeat About Future of Natural Gas
The Gas Exporting Countries Forum (GECF) has said that the full promise of natural gas will unfold once the world is past the coronavirus...
News of Pfizer Covid-19 Vaccine Spurs 10% Increase on Oil prices
The significant progress reported on the development of a Covid-19 vaccine by pharmaceutical company Pfizer, triggered a leap in oil prices, agencies reported on Monday.The news of...
Covid19: Dangote Refinery Mgt Pushes Opening to Last Quarter, 2021
Dangote Refinery has said that progress at the Ibeju Lekki, Lagos-based refinery has been negatively impacted by the corona virus because many of the...
Energy Transition Forces Rystard to Revise Long-Term Oil Demand Forecast
     …Says oil demand to peak in 2028Norwegian energy intelligence firm, Rystad Energy, has been forced by developments in the Covid-19 pandemic experience, especially...
Oil Price Skips After Trump Made False Victory Claims at US...
There were reports yesterday that oil prices rose nearly 3 per cent after President Donald Trump falsely claimed victory in a tight U.S. election...
Global Oil Sector still Hunted by Covid-19 Damage – Expert
Oando Energy Resources, Nigeria’s wholly indigenous oil company, has said that the impact of the corona virus pandemic will continue to hunt the global...
Fresh COVID-19 Lockdowns Drive Oil Prices to Four-Month Low
Oil fell to a four-month low, deepening Wednesday’s slump as Covid-19 lockdown restrictions grow in Europe.
Futures in London lost 3.9%, declining as the dollar...
DPR Score Nigerian Oil Industry High in Pandemic Management
The Department of Petroleum Resources (DPR) score the Nigerian oil and gas industry performed above global average in the management of the coronavirus pandemic...
COVID-19: Nigeria Lost Over N1.06trn in Oil Revenue
Nigeria National Petroleum Corporation (NNPC) has confirmed that the country's oil revenue target declined by N1.06 trillion due to the impact of the COVID-19...
339 companies Bid for 2020/21 Crude Oil Sales Contract – Kyari
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari has disclosed that no fewer than 339 companies are bidding for the...
NNPC Denies Reports of Bribe to NANS, Funding Vote-Buying in Ondo
     ….Considers Legal Redress against Saharareporters, NairalandNigerian National Petroleum Corporation (NNPC) has refuted reports in a section of the media alleging that it paid...
Oil Price Slips as New Lockdown Measures Threaten Demand Recovery
Oil price slips on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the outlook for economic growth...
COVID-19: Electricity Sector to Play Key Role in Economic Recovery
The International Energy Agency (IEA) has reiterated the critical position electricity occupies in the attainment of sustainable economic recovery from the covid-19 onslaught on...
NAPE President Commends NNPC for Intensifying Oil Search in Benue Trough
…says search in Benue attracting attention of IOCsAn expert has confirmed that the exploration of oil in the Benue Trough by the Nigerian...
COVID-19 Confirms Data Adoption as Crucial Post Pandemic Oil Industry Recovery
Panelists at the webinar organised by Microsoft and Africa Oil & Power and African Energy Chamber, yesterday in South Africa, agreed in part that...
Oil Falls Near 4% as COVID-19 Spike Continues and U.S. Debate...
Oil prices fell yesterday almost 4% to their lowest in two weeks on worries about the outlook for fuel demand as Europe and the...
DPR Generates N742.4bn Revenue in 8 Months
Nigeria’s Department of Petroleum Resources (DPR) has confirmed that it generated the sum of N742.4 billion revenue in eight months.
Department of Petroleum Resource (DPR)...
Local Oil Firms Need Respite to Contain Production Cuts – Seplat...
The new chief executive officer of Seplat Petroleum Development Company Plc, Mr Roger Brown, has said that local oil firms deserve special support from...
OPEC Celebrates Six Decades of Commitment, Perseverance and Sacrifice
Hurray, the Organisation of Petroleum Exporting Countries, OPEC clocks 60! For OPEC it has been six decades of diligent and impactful drive for a...
Why Past Governments Failed to Remove Fuel Subsidy ― Presidency
The Presidency has said that despite the fact that subsidy removal has long been acknowledged as the right thing to do, previous administrations for...
