Category: Energy

NNPC implores indigenous firms to bid for 30 marginal fields
August 26, 2017 No Responses

NNPC implores indigenous firms to bid for 30 marginal fields

 The Nigerian National Petroleum Corporation (NNPC) has urged members of the Independent Petroleum Producers Group (IPPG) to participate in the forthcoming bid round for about 30 marginal oil fields which would soon be flagged off by the Federal Government.  ...
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NNPC unveils agenda to revitalize 52 clinics
August 25, 2017 No Responses

NNPC unveils agenda to revitalize 52 clinics

As part of efforts to jump-start its diversification into the health care business, the Nigerian National Petroleum Corporation (NNPC) has requested a deeper collaboration with India in the area of expertise and state-of-the-art medical equipment to revitalize...
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Total stakes $7.5billion for Maersk Oil Business
August 22, 2017 No Responses

Total stakes $7.5billion for Maersk Oil Business

Danish transport and energy conglomerate, A.P. Møller – Mærsk A/S has signed an agreement to sell Maersk Oil to Total S.A  for $7.45 billion in a combined share and debt transaction.   As explained by Maersk, the separation of the energy...
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NNPC explains $3b yearly drop in production cost
August 17, 2017 No Responses

NNPC explains $3b yearly drop in production cost

The Nigerian National Petroleum Corporation (NNPC) has saved the nation a minimum of $3billion yearly from the reduction in the cost of crude oil production.   NNPC in a statement explained that the development has driven down the cost of...
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NLNG seeks human capital development in oil, gas industry
August 2, 2017 No Responses

NLNG seeks human capital development in oil, gas industry

Nigeria LNG Limited (NLNG) has urged engineers in the country’s oil and gas sector to continuously strive to acquire and demonstrate cutting-edge competence which would enable Nigeria fully harness the vast natural resources and grow the nation’s economy. ...
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FG implores Dangote on 2019 completion date for refinery
August 1, 2017 No Responses

FG implores Dangote on 2019 completion date for refinery

The Federal Government has said it relies heavily on the Dangote refinery to fulfil its promise to Nigerians to end fuel importation by December 2019.  To this end, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, who visited...
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EFCC recovers N328.9b from NNPC retails, Oando, Total, Mobil, others
July 27, 2017 No Responses

EFCC recovers N328.9b from NNPC retails, Oando, Total, Mobil, others

The Economic and Financial Crimes Commission (EFCC) has recovered a total sum of N328, 988,296,990.62 from NNPC retails, Oando Plc, Mobil Plc, Conoil Plc, Total Plc, OVH Energy Plc, Forte Oil and Gas Plc, MRS Oil Plc and NIPCO Oil...
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U.S sanctions ExxonMobil over violations
July 21, 2017 No Responses

U.S sanctions ExxonMobil over violations

The United States authorities have fined Exxon Mobil $2m for violating sanctions against Russia while Secretary of State Rex Tillerson was its chief executive. Exxon dealt with Igor Sechin, the president of Russian oil giant Rosneft, who was blacklisted, the.....
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NNPC attains five million litres of kerosene output daily
July 17, 2017 No Responses

NNPC attains five million litres of kerosene output daily

The three refineries of Nigerian National Petroleum Corporation (NNPC) in Port Harcourt, Warri and Kaduna now produce five million litres of Dual Purpose Kerosene (DPK), also identified as kerosene daily.  According to NNPC, this represents more than 60 perce...
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U.S to emerge top LNG exporter by 2022
July 16, 2017 No Responses

U.S to emerge top LNG exporter by 2022

By 2022, the United States will be on course to challenge Australia and Qatar for global leadership among LNG exporters, the International Energy Agency (IEA) estimates. Despite the fact that the demand for gas in the United States – the...
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India to construct LNG import terminal
July 11, 2017 No Responses

India to construct LNG import terminal

India has taken a step toward increasing seaborne imports of liquefied natural gas (LNG) as the country held a ground breaking ceremony for the construction of an LNG terminal in Bhadrak. Officials informed that cargoes carried from the US, Canada...
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NLNG inspects LPG facilities in Lagos, restates commitment to cleaner environment
July 7, 2017 No Responses

NLNG inspects LPG facilities in Lagos, restates commitment to cleaner environment

Nigeria LNG’s commitment to the sustained supply of cooking gas, Liquefied Petroleum Gas, into the local market is premised on the need to ensure the use of cleaner energy for the health benefit of Nigerians and cleaner environment in line...
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Qatar to boost LNG exports
July 7, 2017 No Responses

Qatar to boost LNG exports

Qatar is eager to retain its position as the world’s key exporter of liquefied natural gas (LNG), especially in light of the ongoing dispute with its neighbors which could result in more economic sanctions against the country.    On Tuesday, Qatar Petrol...
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Total secures 50.1 % stake in $5b gas deal with Iran
July 3, 2017 No Responses

Total secures 50.1 % stake in $5b gas deal with Iran

Total is to sign $5billion gas deal with Iran on Monday to develop an offshore gas field in the Gulf.  According to the BBC, It is the biggest foreign deal since most economic sanctions against the country were lifted in...
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