Category: Energy

NNPC Pledges Adequate Supply Of Petroleum Products During Easter
April 12, 2019 No Responses

NNPC Pledges Adequate Supply Of Petroleum Products During Easter

The Nigerian National Petroleum Corporation (NNPC) has assured the public of adequate supply of petroleum products during the Easter celebration. The Group Managing Director of the corporation, Maikanti Baru, gave the assurance on Thursday in Enugu at the ongoing 30th...
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Shell Nigeria Leads IOCs In Local Content
April 8, 2019 No Responses

Shell Nigeria Leads IOCs In Local Content

The Nigerian Content Development and Monitoring Board (NCDMB) on Sunday recognized Shell as the most impactful International Oil Corporation (IOC) on Local Content Initiatives in the Nigerian Oil and Gas industry. The News Agency of Nigeria (NAN) reports that ...
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Firm Stakes $811.7m For Petroleum Terminals
April 7, 2019 No Responses

Firm Stakes $811.7m For Petroleum Terminals

Dutch tank storage company Royal Vopak has reached an agreement with First State Investments on the sale of its petroleum terminals in Algeciras, Amsterdam and Hamburg. The transaction, worth EUR 723 million (USD 811.7 million), is subject to certain condition...
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Firm Gets Four New LNG Carriers
March 28, 2019 No Responses

Firm Gets Four New LNG Carriers

Qatar-based Nakilat has established a new joint venture with shipping company Maran Ventures, expanding its fleet to 74 vessels. Under the deal, Nakilat would hold a 60% stake in the JV, while Maran Ventures will have the remaining 40%. With...
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NLNG, NCDMB sign Nigerian Content Plan for Train 7
March 25, 2019 No Responses

NLNG, NCDMB sign Nigerian Content Plan for Train 7

Nigeria LNG Limited (NLNG) and Nigerian Content Development Monitoring Board (NCDMB) on Friday signed off the approved plan for Nigeria Content (NC) for NLNG’s Train 7 project which will ensure the delivery of value and benefits to the Nigerian economy....
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Lee Engineering Seals Fabrication Deal With VDL KTI Of Belgium
March 5, 2019 No Responses

Lee Engineering Seals Fabrication Deal With VDL KTI Of Belgium

Lee Engineering, on Monday, signed a major partnership deal with  VDL KTI of Belgium for oil and gas equipment fabrication. The Belgian company is a global leader in the fabrication and manufacturing of oil and gas equipment. The deal according...
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NNPC: Nigeria Controls $48b New Oil, Gas Projects In Africa
March 1, 2019 No Responses

NNPC: Nigeria Controls $48b New Oil, Gas Projects In Africa

Nigeria is the destination for new projects in the oil and gas industry in Africa valued at over $48 billion, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has said. This is about 25 per...
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NLNG flags off 2019 Nigeria Literary competitions
February 22, 2019 No Responses

NLNG flags off 2019 Nigeria Literary competitions

The Advisory Boards for The Nigeria Prize for Science, The Nigeria Prize for Literature and The Literary Criticism Prize, sponsored by Nigeria LNG (NLNG) Limited, have published the Call for Entries for the 2019 edition of the prizes, flagging off...
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Eterna Targets 200 Petrol Stations In Five Years
February 13, 2019 No Responses

Eterna Targets 200 Petrol Stations In Five Years

The Management of Eterna Plc has concluded plans to establish not less than 200 petrol stations in the next five years from the 35 it currently operates. Speaking in Lagos on Tuesday, Managing Director, Mahmud Tukur also declared that market...
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Nigeria Seeks Duty Waiver For Project 100
February 1, 2019 No Responses

Nigeria Seeks Duty Waiver For Project 100

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has explained that the ministry would consider ways of securing import waivers for the implementation of the Project 100, where it is necessary.  Already, the Nigerian Government, a...
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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 Nigeri...
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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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