Category: Energy

Nigeria Targets $2b From Oil, Gas Lease Licence Renewal
January 31, 2019 No Responses

Nigeria Targets $2b From Oil, Gas Lease Licence Renewal

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says government is targeting about two billion dollars from the oil and gas lease licences renewal.  Kachikwu disclosed this while fielding questions from newsmen at the just concluded Nigerian International...
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Nigeria Tasks African Leaders On Oil, Gas Infrastructure Development
January 29, 2019 No Responses

Nigeria Tasks African Leaders On Oil, Gas Infrastructure Development

President Muhammadu Buhari has called on African leaders to support whatever will help drive infrastructure development in the oil and gas sector in the region.  Buhari gave the advice at the opening ceremony of the second edition of the Nigerian...
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NNPC Seals $8.441b JV Deals With SEEPCO, Shell, Agip, Others
January 21, 2019 No Responses

NNPC Seals $8.441b JV Deals With SEEPCO, Shell, Agip, Others

To  further consolidate the revenue profile of the Nigeria National Petroleum Corporation (NNPC), the Group Managing Director (GMD) Dr. Maikanti Baru and his management team have taken audacious steps to double investments base of the Corporation. In the ...
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NNPC Explains Payment Of $993.7m Cash Call Arrears
January 20, 2019 No Responses

NNPC Explains Payment Of $993.7m Cash Call Arrears

Nigeria’s state oil firm said on Friday it had paid $993.7 million up to September in arrears owed to its joint ventures with multinational oil companies by September, and still had to make up payments of $3.95 billion. The Nigerian...
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NNPC To Crash Price of Cooking Gas
January 11, 2019 No Responses

NNPC To Crash Price of Cooking Gas

The Nigerian National Petroleum Corporation (NNPC) is set to implement effective commercial framework that would halt the export of propane and butane which are major components in the production of Liquefied Petroleum Gas (LPG), also known as cooking gas. &nb...
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Nigeria’s Oil Output Hits 2.09m Barrels
January 2, 2019 No Responses

Nigeria’s Oil Output Hits 2.09m Barrels

The Federal Republic of Nigeria has explained that the country’s  crude oil daily production is up by 9 per cent to about 2.09 million barrels. According to Nigerian National Petroleum Corporation (NNPC) Group Managing Director Dr. Maikanti Baru,  ...
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World’s Largest FLNG Facility Begins Production
December 27, 2018 No Responses

World’s Largest FLNG Facility Begins Production

Royal Dutch Shell’s Prelude FLNG facility, the world’s largest floating liquefied gas facility, has commenced production offshore Western Australia. “Today the wells have been opened at the Prelude FLNG facility and the initial phase of production has co...
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Shell Nigeria Explains Investment In Imo, Targets 300mcf Gas For Domestic Market
December 24, 2018 No Responses

Shell Nigeria Explains Investment In Imo, Targets 300mcf Gas For Domestic Market

The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Sunday has announced the Final Investment Decision (FID) on the Assa North Gas Development Project in Imo State.  The project is regarded as a  major momentum to the domestic gas...
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Buhari Facilitates With Oil And Gas Investor, Leemon Ikpea, At 62
December 19, 2018 No Responses

Buhari Facilitates With Oil And Gas Investor, Leemon Ikpea, At 62

President Muhammadu Buhari felicitates with a major investor in the oil and gas industry, Chief (Dr) Leemon Ikpea, as he turns 62 on December 19, 2018. The President appreciates the grace of God, which brought Chief Ikpea from humble beginnings...
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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 m...
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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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