News

News

  • Nigeria’s Oil Rig Count Drops By 30% In One Month

    Nigeria’s active rig count has dropped significantly by 30 percent to seven in October 2020 as against 10 recorded in the previous month. The rig count is a reflection of the level of exploration, development, production and general activities taking place in the petroleum sector. This shortfall is coming at a time the Organisation of The post Nigeria’s Oil Rig Count Drops By 30% In One Month appeared first on NOGSpeed.

  • OPEC daily basket price stood at $46.67 a barrel Wednesday, 2 December 2020

    Vienna, Austria, 3 December 2020–The price of OPEC basket of thirteen crudes stood at $46.67 a barrel on Wednesday, compared with $46.72 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), The post OPEC daily basket price stood at $46.67 a barrel Wednesday, 2 December 2020 appeared first on NOGSpeed.

  • Cleaner Energy to Draw Nigerians Off Gasoline Use

    Nigerian President, Muhammadu Buhari unveiled 105 buses running on natural gas in the capital, Abuja, and pledged a million more within a year under a plan to start weaning Africa’s most populous country from its long dependence on gasoline. Buhari said Tuesday he expects the implementation of the plan to reduce the impact “of the The post Cleaner Energy to Draw Nigerians Off Gasoline Use appeared first on NOGSpeed.

  • Pirates Hold Three Lebanese In Nigeria

    The Lebanon Ambassador, Hossam Diab, has disclosed, in Abuja, that pirates operating off the coast of Nigeria have allegedly abducted three Lebanese sailors. Diab informed the Ministry of Foreign Affairs on Tuesday that the commercial ship; which went missing somewhere between Nigeria and Cameroon, had been hijacked. The ambassador disclosed that the pirates had released The post Pirates Hold Three Lebanese In Nigeria appeared first on NOGSpeed.

  • Solar Power Naija To Cost N4,000, Monthly

    The Federal Government is set to deliver 5 million solar systems to 25 million Nigerians previously not connected to the national grid; through Solar Home Systems, under the Economic Sustainability Plan (ESP). Laolu Akande, Senior Special Assistant on Media and Publicity, Office of the Vice President, disclosed this on Sunday, November 29, in Abuja. He The post Solar Power Naija To Cost N4,000, Monthly appeared first on NOGSpeed.

  • NLNG T-7 Project Award: Reps Insist Certain Aspects Not Transparent

    The House of Representatives Ad-hoc Committee investigating the Nigeria LNG Train 7 project has observed that certain aspects of the project award were not transparently issued. The Committee also accused the General Manager, External Relations and Sustainable Development of NLNG, EyonoFatayi Williams, and her management team of withholding vital documents. The Chairman of the House The post NLNG T-7 Project Award: Reps Insist Certain Aspects Not Transparent appeared first on NOGSpeed.

  • Operations Dwindle At ExxonMobil, Others’ After Assets Slash

    Global oil majors have slashed the value of their oil and gas assets by around $80 billion (60.05 billion pounds) in recent months after revising lower the long-term outlook for fuel prices in the wake of the coronavirus epidemic and the energy transition. Exxon Mobil, the largest U.S. oil company, announced on Monday it would The post Operations Dwindle At ExxonMobil, Others’ After Assets Slash appeared first on NOGSpeed.

  • FG Sets Up Diving Governing Board; Appoints Chief Inspector of Diving

    MaritimeTV December 2, 2020 The Federal Government has set up the Diving Governing Board to implement the provisions of the 2018 Diving at Work Regulations even as the appointment of Mr Julius Ugwala as Chief Inspector of Diving for the country has been announced. This development comes nearly two years of the Federal Executive Council The post FG Sets Up Diving Governing Board; Appoints Chief Inspector of Diving appeared first on NOGSpeed.

  • OPEC daily basket price stood at $46.43 a barrel Monday, 30 November 2020

    Vienna, Austria, 1 December 2020–The price of OPEC basket of thirteen crudes stood at $46.43 a barrel on Monday, compared with $46.79 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), The post OPEC daily basket price stood at $46.43 a barrel Monday, 30 November 2020 appeared first on NOGSpeed.

  • Navy hands over four suspected oil thieves to EFCC

    The Port Harcourt Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Thursday received for prosecution, four suspected oil thieves from the Nigerian Navy Ship, Pathfinder. The suspects, Ebenezer Afonka, Bernard Umor, Kingsley Monday, and Ishmael Willy were handed over to the Commission alongside a vessel: MV Captain Samuel. Naval Commander, S. G The post Navy hands over four suspected oil thieves to EFCC appeared first on NOGSpeed.