Oil & Gas – The Whistler NG https://thewhistler.ng Exclusive Stories and Top News In Nigeria And Around The World Wed, 14 Aug 2019 16:56:35 +0000 en-GB hourly 1 https://wordpress.org/?v=5.2.2 US Targets African Energy Market With Record-Breaking Gas Production https://thewhistler.ng/us-targets-african-energy-market-with-record-breaking-gas-production/ https://thewhistler.ng/us-targets-african-energy-market-with-record-breaking-gas-production/#respond Wed, 14 Aug 2019 16:04:37 +0000 https://thewhistler.ng/?p=76980 Gas-export-terminaWith record-breaking gas production by the United States this year, and the promotion of gas as a “cleaner, cheaper” energy source a continued priority for the current White House, the US Department of Energy is now looking towards Africa to develop opportunities in the exploration, production and monetization of LNG. This may not be unconnected […]]]> https://thewhistler.ng/us-targets-african-energy-market-with-record-breaking-gas-production/feed/ 0 BREAKING: Mele Kolo Kyari, Crude Oil Expert, Replaces Baru As New NNPC GMD https://thewhistler.ng/breaking-mele-kolo-kyari-crude-oil-expert-replaces-baru-as-new-nnpc-gmd/ https://thewhistler.ng/breaking-mele-kolo-kyari-crude-oil-expert-replaces-baru-as-new-nnpc-gmd/#respond Thu, 20 Jun 2019 07:50:43 +0000 https://thewhistler.ng/?p=73261 TheWhistler.ng_breaking_newsThe federal government has approved the appointment of a new Group Managing Director for Nigeria’s National Petroleum Corporation, NNPC. In a statement by the Corporation Mr. Mele Kolo Kyari is the new Group Managing Director of the NNPC, replacing incumbent Maikanti Baru who retires later this month. The new Group Managing Director of the NNPC, […]]]> https://thewhistler.ng/breaking-mele-kolo-kyari-crude-oil-expert-replaces-baru-as-new-nnpc-gmd/feed/ 0 FG Withdraws Oil Licenses Of Pan Ocean, Four Others https://thewhistler.ng/fg-withdraws-oil-licenses-of-pan-ocean-four-others/ https://thewhistler.ng/fg-withdraws-oil-licenses-of-pan-ocean-four-others/#respond Thu, 06 Jun 2019 11:34:07 +0000 https://thewhistler.ng/?p=72375 Operatives-of-the-DPRThe Department of Petroleum Resources (DPR) has withdrawn oil mining licences (OML) and oil prospecting licence (OPL) belonging to five companies. The assets affected are OML 98 controlled by Pan Ocean; OMLs 120 and 121, held by Allied Energy Resources; OML 108, owned by Express Petroleum and OML 110, held by Cavendish Petroleum Nigeria. The […]]]> https://thewhistler.ng/fg-withdraws-oil-licenses-of-pan-ocean-four-others/feed/ 0 NNPC Pledges Transparency, To Look Into Applicants’ Complaints https://thewhistler.ng/nnpc-pledges-transparency-to-look-into-applicants-complaints/ https://thewhistler.ng/nnpc-pledges-transparency-to-look-into-applicants-complaints/#comments Sat, 01 Jun 2019 21:21:44 +0000 https://thewhistler.ng/?p=72184 NNPC-Towers-AbujaThe Nigerian National Petroleum Corporation (NNPC) as part of promoting transparency in its recruitment process has given an indication that it would be looking into complaints of some of the over 60,000 applicants seeking for employment. Some of the candidates for the Computer-Based Test (CBT) in Abuja had expressed their frustrations over ‘technical glitches and […]]]> https://thewhistler.ng/nnpc-pledges-transparency-to-look-into-applicants-complaints/feed/ 1 BREAKING: Fire Breaks Out At Trans Forcados Pipeline Spill Site In Delta https://thewhistler.ng/breaking-fire-breaks-out-at-trans-forcados-pipeline-spill-site-in-delta/ https://thewhistler.ng/breaking-fire-breaks-out-at-trans-forcados-pipeline-spill-site-in-delta/#respond Mon, 20 May 2019 12:29:40 +0000 https://thewhistler.ng/?p=71320 rans-Forcados-Fire-OutbreakFire has occurred at a spill site along the Trans Forcados Pipine within the Chanomi Creeks in Yeye community of Burutu Local Government Area of Delta. Mr. Sylvester Okoh, General Manager Community Relations, Heritage Energy Operational Services Limited, operator of the crude pipeline, confirmed the incident to the News Agency of Nigeria in Warri on […]]]> https://thewhistler.ng/breaking-fire-breaks-out-at-trans-forcados-pipeline-spill-site-in-delta/feed/ 0 NIMASA Commences Process To End Gas Emission On Vessels https://thewhistler.ng/nimasa-commences-process-to-end-gas-emission-on-vessels/ https://thewhistler.ng/nimasa-commences-process-to-end-gas-emission-on-vessels/#respond Wed, 15 May 2019 17:23:47 +0000 https://thewhistler.ng/?p=71139 dakuku-peterside…Agency Chosen for Pilot Project in West/Central Africa The Nigerian Maritime Administration and Safety Agency (NIMASA) has inaugurated the installation of the Thorium-X tablet, a fuel consumption data collection device, on board a Nigerian-flagged fuel tanker vessel, MT KINGIS. This development now marks the commencement of the process targeted at ending green-house gas emissions on […]]]> https://thewhistler.ng/nimasa-commences-process-to-end-gas-emission-on-vessels/feed/ 0 $1.05bn NLNG Fund Not Missing – Senate Committee https://thewhistler.ng/1-05bn-nlng-fund-not-missing-senate-committee/ https://thewhistler.ng/1-05bn-nlng-fund-not-missing-senate-committee/#respond Thu, 13 Dec 2018 21:48:09 +0000 https://thewhistler.ng/?p=61581 The Senate Committee on Gas Resources and the Nigeria National Petroleum Corporation (NNPC) on Thursday says no 1.05 billion dollars is missing from the Nigerian Liquefied Natural Gas (NLNG) dividend account. Chairman of the committee, Bassey Akpan, and the Chief Financial Officer (CFO) of NNPC, Isiaka Abdulrazaq, stated this at a meeting between members of […]]]> https://thewhistler.ng/1-05bn-nlng-fund-not-missing-senate-committee/feed/ 0 NIDAS, NNPC Subsidiary Returns To Global Oil Shipping Market https://thewhistler.ng/nidas-nnpc-subsidiary-returns-to-global-oil-shipping-market/ https://thewhistler.ng/nidas-nnpc-subsidiary-returns-to-global-oil-shipping-market/#respond Tue, 30 Oct 2018 15:03:17 +0000 https://thewhistler.ng/?p=59377 Maikanti-BaruThe Nigerian National Petroleum Corporation (NNPC) has announced the re-entry of its subsidiary, NIDAS Shipping Services into the international shipment of crude oil and petroleum products. Coming seven years after its fallout from the global oil freighting trade, NIDAS has established a robust chartering and operation desk in its UK office as a first step […]]]> https://thewhistler.ng/nidas-nnpc-subsidiary-returns-to-global-oil-shipping-market/feed/ 0 NNPC Announces N18.12bn Trade Surplus https://thewhistler.ng/nnpc-announces-n18-12bn-trade-surplus/ https://thewhistler.ng/nnpc-announces-n18-12bn-trade-surplus/#respond Mon, 01 Oct 2018 11:49:15 +0000 https://thewhistler.ng/?p=57605 Maikanti-BaruThe Nigerian National Petroleum Corporation (NNPC) says it made a trade surplus of N18.12 billion in the month of May, higher than N17.16 billion in April 2018. The Corporation made the disclosure in a statement signed by its Spokesman, Mr Ndu Ughamadu in Abuja on Monday. He said details of the transactions was published in […]]]> https://thewhistler.ng/nnpc-announces-n18-12bn-trade-surplus/feed/ 0 FEC Approves $64m For Escravos Power Supply https://thewhistler.ng/fec-approves-64m-for-escravos-power-supply/ https://thewhistler.ng/fec-approves-64m-for-escravos-power-supply/#respond Wed, 26 Sep 2018 17:48:24 +0000 https://thewhistler.ng/?p=57289 osinbajo-fecThe Federal Executive Council (FEC), on Wednesday, approved the sum of $64 million for power supply to communities around the Escravos area in the oil-rich region of Delta State. The Minister of State for Petroleum Resources, Ibe Kachikwu, disclosed this at the end of weekly FEC meeting presided by Vice President Yemi Osinbajo at the […]]]> https://thewhistler.ng/fec-approves-64m-for-escravos-power-supply/feed/ 0 Oil Prices Reach 4-Year High After OPEC Rebuffs Trump https://thewhistler.ng/oil-prices-reach-4-year-high-after-opec-rebuffs-trump/ https://thewhistler.ng/oil-prices-reach-4-year-high-after-opec-rebuffs-trump/#respond Mon, 24 Sep 2018 14:44:57 +0000 https://thewhistler.ng/?p=57044 crude-oilOil prices jumped more than 2 per cent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production. The refusal by OPEC to raise production negates the call by U.S. President Donald Trump for action to raise global supply. Benchmark Brent crude LCOc1 hit its highest since […]]]> https://thewhistler.ng/oil-prices-reach-4-year-high-after-opec-rebuffs-trump/feed/ 0 NNPC Records 48% Reduction In Pipeline Vandalism https://thewhistler.ng/nnpc-records-48-reduction-in-pipeline-vandalism/ https://thewhistler.ng/nnpc-records-48-reduction-in-pipeline-vandalism/#respond Thu, 20 Sep 2018 18:05:50 +0000 https://thewhistler.ng/?p=56798 NNPC-Towers-AbujaThe Nigerian National Petroleum Corporation (NNPC) says it has recorded a 48.21 per cent reduction in the rate of pipeline vandalism in the month of April 2018. The corporation disclosed this in its monthly Financial Report, released in Abuja, on Thursday. It said that vandalism fell to 166 from 224 vandalised points in the previous […]]]> https://thewhistler.ng/nnpc-records-48-reduction-in-pipeline-vandalism/feed/ 0 BREAKING: Italian Court Jails Middlemen Involved Malabu Oil Deal https://thewhistler.ng/breaking-italian-court-jails-middlemen-involved-malabu-oil-deal/ https://thewhistler.ng/breaking-italian-court-jails-middlemen-involved-malabu-oil-deal/#respond Thu, 20 Sep 2018 17:40:16 +0000 https://thewhistler.ng/?p=56795 Shell-and-EniA Milan judge on Thursday sentenced two men to four years in prison in the first ruling of a corruption case involving oil giants Eni and Shell in Nigeria, a judicial source said. The judge also ordered the seizure of millions of dollars and Swiss francs from the pair, who acted as go-betweens in the […]]]> https://thewhistler.ng/breaking-italian-court-jails-middlemen-involved-malabu-oil-deal/feed/ 0 NNPC To Set Up Bunkering Company https://thewhistler.ng/nnpc-to-set-up-bunkering-company/ https://thewhistler.ng/nnpc-to-set-up-bunkering-company/#respond Thu, 30 Aug 2018 12:24:49 +0000 https://thewhistler.ng/?p=55167 maikanti-baru-nnpc-gmdThe Nigerian National Petroleum Corporation (NNPC) has revealed plans to set up a subsidiary to provide refuelling services to ships and other ocean-going vessels. The proposal, set to strengthen the corporation’s activity on shipping business in Nigeria as well as foster profitability, was contained in a statement issued on Wednesday in Abuja by NNPC spokesman […]]]> https://thewhistler.ng/nnpc-to-set-up-bunkering-company/feed/ 0 Why Buhari Declined Assent To PIGB – Presidency https://thewhistler.ng/why-buhari-declined-assent-to-pigb-presidency/ https://thewhistler.ng/why-buhari-declined-assent-to-pigb-presidency/#respond Wed, 29 Aug 2018 19:07:05 +0000 https://thewhistler.ng/?p=55138 MUHAMMADU-BUHARIThe Presidency has explained why President Muhammadu Buhari withheld assent on the Petroleum Industry Governance Bill. The Senior Special Assistant to the President on National Assembly Matters (Senate), Sen. Ita Enang, made the fact known to State House correspondents in Abuja on Wednesday. He maintained that none of the reasons for the president withholding his […]]]> https://thewhistler.ng/why-buhari-declined-assent-to-pigb-presidency/feed/ 0 NNPC Says AKK Pipeline Project Still On 100% Contractor Financing Model https://thewhistler.ng/nnpc-says-akk-pipeline-project-still-on-100-contractor-financing-model/ https://thewhistler.ng/nnpc-says-akk-pipeline-project-still-on-100-contractor-financing-model/#respond Tue, 14 Aug 2018 18:20:30 +0000 https://thewhistler.ng/?p=54169 Maikanti-Baru-NNPCThe Nigerian National Petroleum Corporation (NNPC) said that the execution of the strategic Ajaokuta-Kaduna-Kano gas pipeline project is progressing under the original concept of 100 percent contractor financing model. The NNPC was reacting to some media report of a possible resort to ‘’proceed of gas tariffs’’ as new means of funding because of purported collapse […]]]> https://thewhistler.ng/nnpc-says-akk-pipeline-project-still-on-100-contractor-financing-model/feed/ 0 Baru Leads Industry Stakeholders To 2018 NAEC Conference https://thewhistler.ng/baru-leads-industry-stakeholders-to-2018-naec-conference/ https://thewhistler.ng/baru-leads-industry-stakeholders-to-2018-naec-conference/#respond Thu, 09 Aug 2018 15:46:04 +0000 https://thewhistler.ng/?p=53782 Maikanti-BaruThe Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has been scheduled to deliver a paper at the Association of Energy Correspondents of Nigeria’s (NAEC) Annual Conference 2018. The NNPC boss, alongside Deputy Managing Director, Total E&P Nigeria, Ahmadu-Kida Musa, President, Petroleum Club, Dr. Godswill Ihetu and other industry stakeholders will lead […]]]> https://thewhistler.ng/baru-leads-industry-stakeholders-to-2018-naec-conference/feed/ 0 Baru Calls For Better Financing Of JV Obligations https://thewhistler.ng/baru-calls-for-better-financing-of-jv-obligations/ https://thewhistler.ng/baru-calls-for-better-financing-of-jv-obligations/#respond Mon, 06 Aug 2018 18:06:57 +0000 https://thewhistler.ng/?p=53514 maikanti-baru-nnpcThe Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called for more alternative financing models for funding its Joint Venture (JV) obligations. The NNPC boss made the disclosure while speaking at the 42nd Society of Petroleum Engineers (SPE) Nigerian Annual International Conference & Exhibition (NAICE) in Lagos, on Monday. […]]]> https://thewhistler.ng/baru-calls-for-better-financing-of-jv-obligations/feed/ 0 Senate To Probe Kachikwu Over ‘Irregularities’ In Oil And Gas Lease https://thewhistler.ng/senate-to-probe-kachikwu-over-irregularities-in-oil-and-gas-lease/ https://thewhistler.ng/senate-to-probe-kachikwu-over-irregularities-in-oil-and-gas-lease/#respond Wed, 18 Jul 2018 17:14:28 +0000 https://thewhistler.ng/?p=52201 Ibe-Kachikwu-The Senate on Wednesday mandated its Committee on Petroleum Resources (Upstream) to investigate issues relating to ongoing lease renewals in the oil and gas sector of the economy. It is believed that process is being undertaken by the Minister of State for Petroleum Resources, Dr Ibe Kachikwu and the Department of Petroleum Resources (DPR). The […]]]> https://thewhistler.ng/senate-to-probe-kachikwu-over-irregularities-in-oil-and-gas-lease/feed/ 0 Oil Prices Fall After Trump’s Tweet https://thewhistler.ng/oil-prices-fall-after-trumps-tweet/ https://thewhistler.ng/oil-prices-fall-after-trumps-tweet/#respond Thu, 05 Jul 2018 12:20:22 +0000 https://thewhistler.ng/?p=51207 falling-oil-pricesOil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude. The escalating trade row between Washington and Beijing, which triggered another sell-off in Asian stocks on Thursday, was also felt in oil markets, with China warning it could introduce duties on U.S. crude imports […]]]> https://thewhistler.ng/oil-prices-fall-after-trumps-tweet/feed/ 0 #NOG18: Buhari Has Never Asked Me To Allocate Oil Block To Anyone – Kachikwu https://thewhistler.ng/nog18-buhari-has-never-asked-me-to-allocate-oil-block-to-anyone-kachikwu/ https://thewhistler.ng/nog18-buhari-has-never-asked-me-to-allocate-oil-block-to-anyone-kachikwu/#respond Tue, 03 Jul 2018 15:59:34 +0000 https://thewhistler.ng/?p=51047 Ibe-KachikwuNigeria’s State Petroleum Minister, Dr Ibe Kachikwu, on Tuesday, said never for once has President Muhammadu Buhari influenced his decision to allocate oil blocks to anyone since his appointment as minister by the president in 2015. Kachikwu, while delivering his ministerial address and opening remark at the 2018 Nigeria Oil and Gas Conference and Exhibition […]]]> https://thewhistler.ng/nog18-buhari-has-never-asked-me-to-allocate-oil-block-to-anyone-kachikwu/feed/ 0 OPEC: Nigeria Won’t Support Additional Oil Supply – Kachikwu https://thewhistler.ng/opec-nigeria-wont-support-additional-oil-supply-kachikwu/ https://thewhistler.ng/opec-nigeria-wont-support-additional-oil-supply-kachikwu/#respond Thu, 21 Jun 2018 21:47:14 +0000 https://thewhistler.ng/?p=50150 Ibe-kachikwu-Baru-The Minister of state for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, said Nigeria would advise against additional oil supply to the global market by OPEC and non-OPEC members. Kachikwu made the country’s position known in an interview with journalists on Thursday ahead of the 174th Meetings of the OPEC Conference and the OPEC and non-OPEC […]]]> https://thewhistler.ng/opec-nigeria-wont-support-additional-oil-supply-kachikwu/feed/ 0 Oil Prices Rise Ahead Of OPEC Meeting https://thewhistler.ng/oil-prices-rise-ahead-of-opec-meeting/ https://thewhistler.ng/oil-prices-rise-ahead-of-opec-meeting/#respond Wed, 20 Jun 2018 20:37:49 +0000 https://thewhistler.ng/?p=50082 Oil-PriceOil prices rose in early Asian trading on Wednesday, supported by a drop in U.S. commercial crude inventories reported by the American Petroleum Institute (API). Brent crude was up 50 cents at 75.58 dollars a barrel by 1335 GMT. U.S. light crude was 1.05 dollars higher at 66.12 dollars. U.S. crude inventories fell by three […]]]> https://thewhistler.ng/oil-prices-rise-ahead-of-opec-meeting/feed/ 0 Global Oil Prices Rises On Expected Stockpile Drop https://thewhistler.ng/global-oil-prices-rises-on-expected-stockpile-drop/ https://thewhistler.ng/global-oil-prices-rises-on-expected-stockpile-drop/#respond Tue, 05 Jun 2018 13:20:52 +0000 https://thewhistler.ng/?p=49047 Oil-PriceOil prices rebounded on Tuesday on expectations that inventories in the United States may decline, and that OPEC may raise output continue to weigh on sentiment. Brent crude futures 75.59 dollars a barrel on Tuesday. U.S. West Texas Intermediate (WTI) crude was at 65.19 dollars a barrel. The Organisation of Petroleum Exporting Countries (OPEC) is […]]]> https://thewhistler.ng/global-oil-prices-rises-on-expected-stockpile-drop/feed/ 0 Oil Prices Hit $80, Highest Since 2014 https://thewhistler.ng/oil-prices-hit-80-highest-since-2014/ https://thewhistler.ng/oil-prices-hit-80-highest-since-2014/#respond Thu, 17 May 2018 18:24:39 +0000 https://thewhistler.ng/?p=47464 Oil-PricePrices for global benchmark Brent crude climbed above $80 a barrel Thursday, as Washington’s decision to reinstate sanctions on Iran extended a rally that has pushed the market to their loftiest levels since 2014. “Strong global demand, an ongoing OPEC supply deal, and a rising tide of geopolitical risk all combine to force the market […]]]> https://thewhistler.ng/oil-prices-hit-80-highest-since-2014/feed/ 0 Oil Prices Rise Further, Nears 3-Year High https://thewhistler.ng/oil-prices-rise-further-nears-3-year-high/ https://thewhistler.ng/oil-prices-rise-further-nears-3-year-high/#respond Fri, 20 Apr 2018 10:50:11 +0000 https://thewhistler.ng/?p=44892 Oil-PriceOil prices held firm on Friday near three-year high reached earlier this week as ongoing OPEC-led supply cuts, as well as strong demand, gradually draw down excess supplies. Brent crude oil futures were up at 73.79 dollars per barrel at 0440 GMT. U.S. West Texas Intermediate (WTI) crude futures down 2 cents at 68.40 dollars […]]]> https://thewhistler.ng/oil-prices-rise-further-nears-3-year-high/feed/ 0 Shell MD Meets Buhari In London, To Invest $15bn In Nigeria https://thewhistler.ng/shell-md-meets-buhari-in-london-to-invest-15bn-in-nigeria/ https://thewhistler.ng/shell-md-meets-buhari-in-london-to-invest-15bn-in-nigeria/#respond Wed, 18 Apr 2018 16:12:29 +0000 https://thewhistler.ng/?p=44712 Muhammadu-BuhariBritish–Dutch multinational oil and gas company, Royal Dutch Shell plc, is preparing to make a $15 billion investment in Nigeria. This was disclosed by President Muhammadu Buhari on Wednesday, while fielding questions at the business forum of the Commonwealth Head of Government Meeting in Westminster, London. The disclosure comes hours after the President met with […]]]> https://thewhistler.ng/shell-md-meets-buhari-in-london-to-invest-15bn-in-nigeria/feed/ 0 Global Oil Prices Rise To $72 https://thewhistler.ng/global-oil-prices-rise-to-72/ https://thewhistler.ng/global-oil-prices-rise-to-72/#respond Tue, 17 Apr 2018 14:23:46 +0000 https://thewhistler.ng/?p=44566 oil-pricesOil prices rose on Tuesday amid worries that there could be a high risk of disruptions to supply, especially in the Middle East. Brent crude oil futures were at $71.80 per barrel at 0120 GMT, up 38 cents, or 0.5 per cent from their last close. U.S. West Texas Intermediate (WTI) crude futures were up […]]]> https://thewhistler.ng/global-oil-prices-rise-to-72/feed/ 0 Kachikwu Clarifies Statement On N1.4tr Petrol Subsidy Claim https://thewhistler.ng/kachikwu-clarifies-statement-on-n1-4tr-petrol-subsidy-claim/ https://thewhistler.ng/kachikwu-clarifies-statement-on-n1-4tr-petrol-subsidy-claim/#respond Mon, 09 Apr 2018 22:47:41 +0000 https://thewhistler.ng/?p=43887 Ibe-KachikwuThe Minister of State for Petroleum Resources, Dr Ibe Kachikwu says that the Nigerian National Petroleum Corporation (NNPC) is in the best position to give under-recovery figures. The News Agency of Nigeria (NAN) reports that Under-recovery is the difference (subsidy) paid on products when purchased at a high price and sold below cost price. Kachikwu […]]]> https://thewhistler.ng/kachikwu-clarifies-statement-on-n1-4tr-petrol-subsidy-claim/feed/ 0 Oil Rises To $68.65 As Stock Market Rebounds https://thewhistler.ng/oil-rises-to-68-65-as-stock-market-rebounds/ https://thewhistler.ng/oil-rises-to-68-65-as-stock-market-rebounds/#respond Mon, 09 Apr 2018 22:03:24 +0000 https://thewhistler.ng/?p=43885 crude-oilOil prices rose more than two per cent on Monday, supported by a rebound in the stock market as trade war between the United States and China eased. Brent crude futures rose to settle at 68.65 dollars a barrel. Brent prices gained 2.3 per cent on the day, its largest daily percentage gain since March […]]]> https://thewhistler.ng/oil-rises-to-68-65-as-stock-market-rebounds/feed/ 0