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Monday, April 19, 2021
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CATEGORY

Energy

IPMAN Executive Visits, Inspects OPAC Refinery in Kwale, Delta State, Ahead of Commissioning

Executive members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) led by its president, Elder Chinedu Okoronkwo undertook a facility tour of the...

Ikeja Electricity Distribution Company Reports First Profit in 5 Years

One of the 2 major electricity distribution companies (DisCos), serving Nigeria’s commercial hub of Lagos returned to profitability for the year 2019, as it...

Seplat, Oando Need Oil Price Rebound to Lower N558.08 billion Debt

Oil majors in Africa’s largest economy are in dire need of continuous acceleration in crude oil price that will add impetus to cash flow...

Reconciling PH Refinery Restoration, Atedo Peterside’s ‘Disbelief’

Atedo Peterside is an alumnus of the City University, London and the prestigious London School of Economics and Political Science, where he majored in...

OPEC+ Agrees to Gradual Increases in Oil Production

OPEC and its allies, including Russia, announced on Thursday they would gradually increase oil production over the next three months. In agreeing to modest output...

Suez Canal Stays Blocked Despite Efforts to Free Stuck Ship

Efforts to dislodge a giant vessel from the Suez Canal continued, with rescue teams trying to get traffic moving again in the one of...

DPR Adamawa Shuts Down 16 Petrol stations for Violating Pump Price

The Department of Petroleum Resources (DPR), Yola field office has locked sixteen (16) petrol filling stations for violating regulations relating to pump pricing and...

Oil Prices in Biggest Weekly Drop Since October on Demand Worries

Oil prices are on course for their biggest weekly fall since October as signs of flagging demand in key markets abruptly halted a vigorous...

Fatgbems Petroleum Fixes Technical Issue at IBB Abeokuta Retail Outlet

Fatgbems Petroleum, one of Nigeria’s largest indigenous petroleum products marketing companies has announced that it has completed technical checks on its IBB Abeokuta retail...

Platts Shelves Plan to add WTI to Dated Brent Pricing

S&P Global Platts is delaying plans to incorporate West Texas Intermediate crude from Midland, Texas, into its Dated Brent price assessment starting in July...

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