Monthly Archives: March 2016

NUPENG says normalcy soon to return to petrol stations nationwide

NUPENG on Wednesday assured that normalcy would soon return to filling states nationwide if the current tempo of loading at the depots continued till the weekend, Vanguard reports. Alhaji Tokunbo Korodo, the South-West Chairman of the union, gave the assurance in an interview in Lagos. Korodo said that the NNPC commenced massive pumping of petrol…
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LWI vessel en route to Oyo field – Erin Energy

Erin Energy has announced that the Island Constructor light well intervention (LWI) vessel has departed Skalevic, Norway and is en route to the Oyo field, offshore Nigeria. The vessel will be used for LWI service on the Oyo-8 well, which has been necessitated by the failure of the well’s sub-surface controlled sub-surface safety valve (SCSSV)…
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Dutch investigators visit Shell HQ over Nigerian OPL 245 probe

Royal Dutch Shell said on Wednesday Dutch investigators recently visited its headquarters in the Hague in the Netherlands in relation to an investigation into a Nigerian offshore oil field, Reutersreports. “Representatives of the Dutch Financial Intelligence and Investigation Service and the Dutch Public Prosecutor recently visited Shell at its headquarters, ” a spokesman said. “The…
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Oil price drop reduces sector’s output by N3.6tn in 2015

The massive drop in global oil prices impacted negatively on the performance of the Nigerian oil and gas sector, which recorded a decline of N3.6tn in output in the 2015 fiscal period, The Punchreports. A report showing the performance of the sector, which was obtained from the National Bureau of Statistics (NBS), revealed that in…
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