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Chevron wins FIRS tax awards, denies blocking gas to NLNG
Local affiliates of Chevron Corporation in Nigeria, Chevron Nigeria Limited (CNL) and Star Deep Water Petroleum Limited (STAR), have both been honoured by the Federal Inland Revenue Service (FIRS) with top tax compliant organization awards. Corporate spokesman for Nigeria, Mr…
NSML earns SSA’s 1st terminal environmental certification for NLNG
Managers of the Nigeria LNG Limited (NLNG) Bonny Terminal, the NLNG Ship Management Limited (NSML), have earned Ecoport Port Environmental Review System (PERS) certification for its terminal, making it the first certification of its kind in any port in Sub-Saharan…
Selai Gas commissions refill station, gets support from NCDMB
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has applauded Selai Gas Station Limited on the commissioning of its 30 metric tons gas refilling plant located at Agege, Lagos State. Speaking at…
NNPC calls for tougher penal deterrents to oil theft
Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited has called on the government to deploy stronger penal measures against crude oil theft in the country. Group Managing Director, Mallam Mele Kyari, declared that the country has lost over $5 billion…
China rejects cheap Russian oil over Western sanctions
Chinese state refiners are not extending oil deals with Russian suppliers despite the heavily discounted offers in apparent bid to avert Western sanctions, posting gloomy outlook for the Russian economy as its war lingers in Ukraine. The US banned Russian…
Sanctions take $3.6 bn toll on Russia’s March oil income
Russia said Tuesday that state revenue from energy sales in March was $3.6 billion less than it forecast, suggesting the Ukraine war and Western sanctions hit exports. The country’s oil and gas income sank by 38 percent in the month…
Germany seizes control of Gazprom unit
Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard security of gas supply, according to a Bloomberg report. Economy Minister, Robert Habeck, told agency sources that government would limit to…
Prices jump as Europe considers oil sanction against Russian
Saudi Arabia raises prices for customers across the globe, report says Prices of crude oil jumped on Monday rising by as much as 4% after European countries voiced intention to dump Russian oil and Saudi Arabia raised prices for some…
Why OPEC+ stuck to scheduled output for May
Sopuruchi Onwuka With unabated Russian oil exports going rogue and the United States pouring over 180 million barrels of crude into the oil market, a boost in the collective output of the coalition of the Organization of Petroleum Exporting Countries…
Helios partners Sojitz in propelling Axxela
Sopuruchi Onwuka Leading indigenous natural gas provider, Axxela Limited has earned an international partnership deal capable of utilizing imported capital to spread out larger gas supply facilities in Nigeria and West Africa. The company stated that the partnership agreement between…
