Wednesday, May 27, 2020
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Petrobarometer

    Oil sector workers reject inclusion in IPPIS wage system

Oil sector workers reject inclusion in IPPIS wage system

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    Oil price hit $71 per barrel after Saudi attack — biggest intra-day spike since 1988

Oil price hit $71 per barrel after Saudi attack — biggest intra-day spike since 1988

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    Despite shale boom, Nigerian crude is on honeymoon with Californian refiners

Despite shale boom, Nigerian crude is on honeymoon with Californian refiners

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    LUCKY SAVE! Exxon Mobil, Shell lose $1.8bn suit against Nigeria in US

LUCKY SAVE! Exxon Mobil, Shell lose $1.8bn suit against Nigeria in US

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    NEC: 22 million barrels of crude oil stolen in first six months of 2019

NEC: 22 million barrels of crude oil stolen in first six months of 2019

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    ‘Biodiesel could solve Nigeria’s energy problem’

‘Biodiesel could solve Nigeria’s energy problem’

Kessington Obahiagbon, professor of chemical engineering at the University of Benin, says his new research has shown that biodiesel can solve Nigeria’s energy problem.   [...]

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    Sylva describes Nigeria as a laughing stock in oil business

Sylva describes Nigeria as a laughing stock in oil business

Timipre Sylva, minister of state for petroleum resources, says Nigeria is currently a laughing stock in the way it operates business in the oil and gas sector. Sylva said this in Abuja when he hosted delegates from Total Exploration and Production, Nigeria, led by Mike Sangster, its managing director. The minister said the country must bring down the cost of production of [...]

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    Dangote’s $13bn refinery takes delivery of electricity generating equipment

Dangote’s $13bn refinery takes delivery of electricity generating equipment

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    OML 11: Court orders FG to renew Shell’s licence

OML 11: Court orders FG to renew Shell’s licence

A federal high court in Abuja has ordered the federal government to renew the operating licence of the Shell Petroleum Development Company (SPDC). [...]

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    NEITI: NNPC has admitted non-remittance of N77.9bn to FG in 2017

NEITI: NNPC has admitted non-remittance of N77.9bn to FG in 2017

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    ICYMI: Completion of Dangote refinery delayed till 2020 ending over Apapa gridlock

ICYMI: Completion of Dangote refinery delayed till 2020 ending over Apapa gridlock

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    Report: Nigeria sells the cheapest petrol in West Africa — recipe for smuggling

Report: Nigeria sells the cheapest petrol in West Africa — recipe for smuggling

The Nigerian government has been subsidising the price of petrol since as far back as 2006. This has ensured that petrol has remained cheap and affordable for citizens of Africa's most populous nation; so cheap that it is the cheapest in West Africa. An analysis by SBMorgen showed that Nigeria's petrol price converted to dollars is 40 cents while those of neighbouring [...]

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    NNPC: Why we increased price of Kerosene

NNPC: Why we increased price of Kerosene

The Nigerian National Petroleum Corporation (NNPC) has attributed the increase in the price of household kerosene in the country to the pressure of demand and supply. [...]

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    Uses WhatsApp the most, has eight hours of sleep… here’s how Barkindo spends his time off

Uses WhatsApp the most, has eight hours of sleep… here’s how Barkindo spends his time off

Mohammed Barkindo, secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), says WhatsApp is the most used mobile application on his phone. In an interview with Bloomberg's Francine Lacqua, Barkindo also said he is an evening person. Here's how OPEC's secretary-general who recently began his second term in office spends time away from the work. How many hours of sleep do you get [...]

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    We are not competing with you, Dangote tells NNPC

We are not competing with you, Dangote tells NNPC

Aliko Dangote, president of Dangote Group, says his refinery will not be competing with the Nigerian National Petroleum Corporation (NNPC). Dangote, who visited Mele Kyari, the new NNPC group managing director (GMD), said his team will rather partner with the state-run oil company to achieve a win-win situation. “The most important thing for us is to see how we can partner with [...]

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    Oil suppliers to marketers: Do not patronise pipeline vandals

Oil suppliers to marketers: Do not patronise pipeline vandals

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NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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