Shell Attributes Kolo Creek Oil Spill to Vandals

  • Posted by NBETMaster
  • On April 24, 2015
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Shell Petroleum Development Company (SPDC) has blamed sabotage for the recent Kolo Creek oil spill in Bayelsa State. The leak within the Kolo Creek oilfield, operated by the SPDC in Bayelsa State, discharged an unquantifiable volume of Shell’s crude into the environment on April 15, 2015. Joseph Obari, Shell spokesperson, in a statement, said the […]
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OPEC Hits 30.79 million bpd Production in March

  • Posted by NBETMaster
  • On April 24, 2015
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According to the Monthly Oil Market Report (MOMR) released recently, the Organisation of Petroleum Exporting Countries (OPEC) in March increased production by 810,000 barrels per day (bpd), contrary to the expectations that it will reduce the flow of crude oil to the global market to reduce the current glut and stabilize the plummeting prices. OPEC […]
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TCN Calls for Increase in Transmission Tariff

  • Posted by NBETMaster
  • On April 24, 2015
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The Transmission Company of Nigeria (TCN) is requesting for an upward review of the fees it charges for transmitting electricity from generation to distribution points in Nigeria’s electricity supply industry. Already, TCN has applied to the Nigerian Electricity Regulatory Commission (NERC) to review its tariff upward to accommodate extant expenditure incurred by it in transmitting […]
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Addax, JV Partners Announce Flow Testing of Okwok-13

  • Posted by NBETMaster
  • On April 24, 2015
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Oriental Energy Resources Limited and its joint venture (JV) partners, Afren Energy Resources and Addax Petroleum have announced the completion and flow testing of their first development well, Okwok-13 in the Okwok marginal field in oil mining lease (OML) 67. This followed an extensive field appraisal programme, the acquisition and processing of a four-component seismic […]
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NNPC Allays Fears of Fuel Scarcity

  • Posted by NBETMaster
  • On April 23, 2015
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Ohi Alegbe, group general manager, Group Public Affairs Division, Nigerian National Petroleum Corporation (NNPC) has said that the Corporation will not be distracted by the threat of major petroleum products’ marketers to stop importing premium motor spirit (PMS) or petrol if the subsidy arrears owed them by the federal government are not paid. Alegbe said […]
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