Category: Energy

Nigeria Pays Oil Marketers N236b
December 18, 2018 No Responses

Nigeria Pays Oil Marketers N236b

The Chief Operating Officer, Downstream, Nigerian National Petroleum Corporation (NNPC), Mr  Henry Ikem-Obih, has disclosed that  the Federal Government has paid the agreed N236 billion as first tranche of the outstanding subsidy claims to oil marketers Ikem-Obi, who disclosed this in...
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NNPC Implores Investors On 10b Barrels Deep-Water Resources
December 6, 2018 No Responses

NNPC Implores Investors On 10b Barrels Deep-Water Resources

The Nigerian National Petroleum Corporation (NNPC) on Wednesday multi-billion dollar investment opportunities in the nation’s deep-offshore frontiers at the 10th World Energy Capital Assembly in London, United Kingdom.  Delivering his  address at the panel...
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Qatar Pulls Out Of OPEC
December 4, 2018 No Responses

Qatar Pulls Out Of OPEC

Qatar has announced it is pulling out of the Opec oil producers’ cartel, just days before the group meets in Vienna. The Gulf state, which joined Opec in 1961, said it would leave the cartel in January and would focus...
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Shell Nigeria Seals Gas Supply Agreement For Power Project
December 3, 2018 No Responses

Shell Nigeria Seals Gas Supply Agreement For Power Project

The Shell Petroleum Development Company of Nigeria (SPDC) and its joint partners have signed a gas supply and aggregation agreement that will support the 140 Megawatts Aba Integrated Power Project in Abia State. The agreement, signed in Abuja, was between...
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NLNG Implores Nigerian Firms On Maximum Value Of $4b Train 7 Project
November 23, 2018 No Responses

NLNG Implores Nigerian Firms On Maximum Value Of $4b Train 7 Project

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, on Thursday  in Port Harcourt, said the company was 100% committed to a Train 7 project that will be delivered with the involvement of competent Nigerian...
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NNPC Seeks New Funding Options For Operators
November 23, 2018 No Responses

NNPC Seeks New Funding Options For Operators

The NNPC says it is devising new ways to attract more funding for operators in Nigeria’s oil and gas industry to launch them into a new phase of exploration. The operators have been grappling with funding challenges which has cut...
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NNPC Seeks Increase Of Retail Outlets
November 9, 2018 No Responses

NNPC Seeks Increase Of Retail Outlets

The Nigerian National Petroleum Corporation (NNPC) says it is set to increase its 14 per cent market share in the nation’s downstream petroleum retail market. The Group Managing Director of NNPC, Dr Maikanti Baru, said this during NNPC Special Day...
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NLNG Dividend: Nigerian Senate Probes Alleged NNPC’s Diversion
November 6, 2018 No Responses

NLNG Dividend: Nigerian Senate Probes Alleged NNPC’s Diversion

  The Nigerian Senate will on Tuesday  further probe claims by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on how and why the corporation allegedly diverted the dividends from the Nigerian Liquefied Natur...
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ExxonMobil To Produce Marine Gasoil, Diesel
November 2, 2018 No Responses

ExxonMobil To Produce Marine Gasoil, Diesel

ExxonMobil has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel.  As explained, the new 50,000 barrel-per-day unit expands t...
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Shell Declares $5.6b Earnings In Q3
November 1, 2018 No Responses

Shell Declares $5.6b Earnings In Q3

For the third quarter of 2018, Royal Dutch Shell’s profits surged by 37% on the back of rising oil prices.   The Anglo-Dutch giant said earnings excluding one-off items on a current cost of supply measure (CCS), which strips out price...
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Dangote Refinery Explains Agenda For Euro V Specification
November 1, 2018 No Responses

Dangote Refinery Explains Agenda For Euro V Specification

Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification.  Sulphur in petroleum fuels...
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Russia, UAE Partner NNPC On Oil, Gas Development
October 31, 2018 No Responses

Russia, UAE Partner NNPC On Oil, Gas Development

The Russian Federation and the United Arab Emirates have expressed their readiness to expand their scope of partnership with the Nigerian National Petroleum Corporation (NNPC) in the upstream, midstream, downstream and services sectors to further boost their v...
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NEITI: NNPC, Oil Firms Yet To Remit $22b, N481b To Federation Account
October 30, 2018 No Responses

NEITI: NNPC, Oil Firms Yet To Remit $22b, N481b To Federation Account

The Nigerian National Petroleum Corporation and other stakeholders in the industry are yet to remit 22.06 billion dollars and N481.75 billion to the Federation Account, the Nigeria Extractive Industry Transparency Initiative (NEITI) has said. NEITI made this k...
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NNPC Tasks Host Communities On Pipeline Fires
October 13, 2018 No Responses

NNPC Tasks Host Communities On Pipeline Fires

The Nigerian National Petroleum Corporation (NNPC) has urged host communities to create avenues to avoid continuous destruction of oil pipelines by bad elements in their midst. The Group Managing Director, Dr Maikanti Baru made the call following an oil pipeli...
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