Monday, October 21, 2019
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Mallam Mele Kyari, Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), is to lead other team of discussants to x-ray topical issues in oil and gas industry at the 2019 edition of the Association of Energy Correspondents of Nigeria (NAEC) annual conference. The event, which is scheduled to hold at the Jasmine Hall, Eko Hotel and Suites...
Saudi Aramco, a global petroleum and natural gas company, has reported a net income of $46.9 billion for the first half (H1) of 2019, compared to $53 billion for the same period last year, marking a drop of 11.5 per cent. The company’s earnings before interest and tax was $92.5 billion, compared with $101.3 billion a year earlier. Free cash...
Following the establishment of Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), the organising committee of the event has added 5 new features to boost the conference programme which will serve as a platform to showcase the unparalleled opportunities and major achievements in the region. Africa’s leading association, Petroleum Technology Association of Nigeria (PETAN), been the host of the...
Schneider Electric in partnership with PowerForAll and Rockerfeller Foundation earlier this week in Abuja launched a campaign to develop human capital towards curbing a widening unemployment gap in the power sector. The powering jobs campaign became necessary sequel to a recent study by PowerForAll which revealed that there is an urgent need to develop human capital in Nigeria and other...
Ayobami Adedinni The Norwegian Ambassador to Nigeria, Jens Peter Kjemprud has said that investment in new technology could help the nation's oil and gas sector to receive the needed boost in its output. Speaking in an exclusive interview with PetrolGas Report, the Ambassador said although Nigeria acquires lot of high technology for its offshore subsea sector from Norway, investments need to...
Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country's slowest quarterly economic growth in decades. Brent crude futures rose 40 cents, or 0.6 per cent, to $67.12 a barrel by 0923 GMT, while US crude was up 19 cents, or 0.32 per cent, at...
Ayobami Adedinni Indigenous oil and gas company Aiteo Group said it is negotiating an alternative financing package to fund $5 billion of investment that will grow its oil production to 250,000 barrels a day and increase gas supplies to about 300 million standard cubic feet per day. Speaking with newsmen on the sidelines of the Nigeria Oil and Gas Conference in...
Algeria’s energy giant Sonatrach and Italian multinational oil and gas company Eni have confirmed the intention to accelerate the development of new oil and gas projects in North Berkine basin in Algeria, which will lead to a significant increase in national production Eni has been present in Algeria since 1981 with an equity production of 90,000 boepd. Sonatrach and Eni CEOs,...
Ayobami Adedinni In a bid to create an African mini-grid industry involving decentralized electricity generation and distribution networks based on renewable energy, Schneider Electric has signed a Memorandum of Understanding with EM-ONE Energy Solutions, a Nigerian sustainable energy engineering company. For 18 months, led by its sustainability department, the Group has been working to set up an industry based on mini-grids...
Ayobami Adedinni Operators and regulators in Sub Sahara Africa oil and gas will discuss regulatory reforms and other issues faced by the sector with a focus on East Africa at the upcoming Sub Saharan Africa upstream oil and gas summit and exhibition in Nairobi, Kenya. This uniquely placed platform will be held from July 24 to 26 at the prestigious Serena...
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