Category: Energy

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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Heritage Bank Seeks Support For Affordable Solar Power
October 8, 2018 No Responses

Heritage Bank Seeks Support For Affordable Solar Power

Heritage Bank Plc has aligned forces with ‘Liter of Light Nigeria’, a global open source movement, to provide sustainable solar electricity for Itomaro community in Lagos State. Passionate about making cheap and sustainable solar street lights accessible t...
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Nigeria Approves $64m Contract For Escravos Power Supply
September 27, 2018 No Responses

Nigeria Approves $64m Contract For Escravos Power Supply

Nigeria’s  Federal Executive Council (FEC) meeting on Wednesday approved $64 million for power supply to Escravos communities. Minister of State for Petroleum Resources Ibe Kachikwu made this known at the end of the FEC meeting chaired by Vice President Yem...
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NNPC Records 48% Reduction In Pipeline Vandalism
September 21, 2018 No Responses

NNPC Records 48% Reduction In Pipeline Vandalism

The Nigerian National Petroleum Corporation (NNPC) says it has recorded a 48.21 per cent reduction in the rate of pipeline vandalism in the month of April 2018.   The corporation disclosed this in its monthly Financial Report, released in Abuja,...
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NNPC Begins Refueling Services To Ships
August 30, 2018 No Responses

NNPC Begins Refueling Services To Ships

 The Nigerian National Petroleum Corporation (NNPC) has unveiled plans to set up a subsidiary to provide refueling services to ships and other ocean-going vessels.  A statement by its spokesman, Mr Ndu Ughamadu, in Abuja on Wednesday, said the move was...
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Total To Sell Stake In LNG Terminal To Shell
August 29, 2018 No Responses

Total To Sell Stake In LNG Terminal To Shell

French energy major Total has decided to sell its 26 per cent  equity stake in Hazira LNG regasification terminal in India to Shell which holds 74 per cent  in the facility. The duo signed a binding Letter of Intent (LOI) for...
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