Category: Energy

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.  The...
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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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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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