Oil & Gas

Okowa Celebrates Rainoil Founder, Gabriel Ogbechie, at 54

Rainoil Founder and CEO Gabriel Ogbechie

Governor Ifeanyi Okowa of Delta on Thursday felicitated with the Managing Director and Chief Executive Officer of Rainoil Limited, Mr Gabriel Ogbechie, as he clocks 54 on May 28. In a statement by his Chief Press Secretary, Mr Olisa Ifeajika, in Asaba, Okowa said Ogbechie was an illustrious son of Delta who had through numerous investments in oil and gas, ...

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An in-depth Look at Future of Africa’s Energy Mix, Transition and Investment Amid COVID-19

African Energy Chamber Logo

The webinar will be guided by the question: Is Now the Time for Renewables? Speakers will include: Nelisiwe Magubane, Chairperson of Matleng Energy Solutions; Suzanne Jaworowski, Senior Advisor of Policy & Communications at the U.S. Department of Energy’s Office of Nuclear Energy and Massaer Cisse, General Manager of Lekela Power Senegal; The webinar will take place on Thursday, 28 May ...

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COVID-19: NNPC Assures of Extending Medical Facilities, Infrastructure Delivery to States Not Covered

NNPC COVID19 Medical Support

States that have not benefited from medical facilities and infrastructure support from the Nigerian National Petroleum Corporation (NNPC) and her partners in the ongoing intervention initiative have no cause to worry. The corporation’s Group Managing Director, Mallam Mele Kyari, stated that the National Oil Company’s coordinated support would eventually reach them, explaining that inhabitants of the concerned states are a ...

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NNPC Slashes Ex-Depo Price of PMS

NNPC logo

The Nigerian National Petroleum Corporation (NNPC) Wednesday announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre across all its products loading facilities as well as in its through put operations. A media statement on Thursday in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, quoted the ...

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Equatorial Guinea’s Oil and Gas Sector Tackles COVID-19 Strategy

economic impact of COVID-19

Equatorial Guinea’s leading energy players united in a webinar on Thursday to address the impact of COVID-19 on the country’s oil and gas sector and delineate mitigation measures to sustain its pace of engagement with global investors. With a sharp drop in the barrel price and 90% of its revenue derived from oil and gas exports, Equatorial Guinea is projected ...

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Oil Marketers Boost Delta State Food Bank, Donate Medical Equipment

Oil Marketers

The Oil marketers: Rain Oil, Cybernetics, Matrix, Prudence, AYM Sharfa, Optima, Taurus and Nepal companies A consortium of petroleum products marketers in Delta State have donated food items and medical equipment worth N100 million to the state government to support its measures at ameliorating the effects of ongoing lockdown on the people, occasioned by COVID-19. Making the presentation of the ...

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Interesting! NNPC Releases Details of Cost Implications of Fuel Price Cut

Mele Kyari GMD NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele K. Kyari, has released the cost implications of the immediate reduction in the petrol pump price. The statement personally signed by the Group Managing Director, the corporation said that “in compliance with the directives of the Honourable Minister of State for Petroleum Resources on PMS pricing, the Corporation ...

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How Crude Oil Price Forced FG to Slash Pump Price of Petrol

President Muhammadu Buhari

The Federal Government has ordered the Nigerian National Petroleum Corporation (NNPC) to adjust the price of fuel to reflect global market realities, with the price of crude oil at 18-year low globally as a result of the outbreak of Coronavirus disease, otherwise known as COVID-19. Brent Crude has been sold for $35.44 per barrel while Bonny Light has been sold ...

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Oil Corporation Announces 1st Gas Discovery in 3 Decades


The Sharjah National Oil Corporation (SNOC) and its partner Eni, have announced a successful new discovery of natural gas and condensate onshore in Sharjah. The discovery, named ‘Mahani’ comes within the first year of the partnership and represents the first onshore discovery of gas in the Emirate since the early 1980’s. The Mahani-1 exploration well, located in the Area B ...

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