Category: Energy

INTELS: NPA frustrated attempts to resolve TSA logjam
October 18, 2017 No Responses

INTELS: NPA frustrated attempts to resolve TSA logjam

The management of Nigeria’s oil and gas logistics giant, INTELS Nigeria Limited says the present management of Nigerian Ports Authority (NPA) deliberately frustrated attempts to address the issues raised by introduction of the Treasury Single Account (TSA) in the execution...
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NLNG demands $315m judgment debt from NIMASA
October 17, 2017 No Responses

NLNG demands $315m judgment debt from NIMASA

The Management of Nigeria LNG (NLNG) has formally issued a demand notice for the sum of $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency (NIMASA).   According to NLNG, the sum represents the payments made under protest.....
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Chevron to deliver LNG to customers in Asia
October 11, 2017 No Responses

Chevron to deliver LNG to customers in Asia

 Chevron  has started producing liquefied natural gas (LNG) at the Wheatstone project in Western Australia.    According to Offshore Magazine, the first cargo is on track to be shipped in the coming weeks. At full capacity, the Wheatstone project’s t...
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Baru reiterates commitment to consolidate NNPC, trading company to efficiency, profitability
October 11, 2017 No Responses

Baru reiterates commitment to consolidate NNPC, trading company to efficiency, profitability

 The Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability.    Since assuming duty, Dr. Baru...
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Oando shareholders protest in Ibadan, demand Wale Tinubu’s Sack
September 21, 2017 No Responses

Oando shareholders protest in Ibadan, demand Wale Tinubu’s Sack

Shareholders of Oando Plc from South Western States stormed Ibadan, Oyo state capital on Tuesday, protesting alleged N263billion liability of the company which the Auditors report claimed is making “Oando Plc no longer a going concern”.   Convergi...
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NLNG, FG, JBN sign N120b Bonny-Bodo road project agreement
September 14, 2017 No Responses

NLNG, FG, JBN sign N120b Bonny-Bodo road project agreement

The construction of Bonny Island–Bodo road in Rivers State came closer to actualisation on Wednesday as Nigeria LNG Limited (NLNG) signed a tripartite agreement in Abuja with the Federal Government, represented by the Ministry of Power, Works and Housing, an...
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Nigeria defers 700,000bpd of crude oil due to pipeline vandalism
September 14, 2017 No Responses

Nigeria defers 700,000bpd of crude oil due to pipeline vandalism

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that an average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, saying this brought Nigeria’s production down to as...
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NNPC to tackle corruption with anti-fraud training for Staff
September 6, 2017 No Responses

NNPC to tackle corruption with anti-fraud training for Staff

The Nigerian National Petroleum Corporation (NNPC) will equip 50 per cent of its work force with requisite knowledge on how to identify and examine fraud as part of measures to stamp out corruption from its system. The Group Managing Director...
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‘NNPC mega, affiliate stations are selling product for N143 per litre’
September 4, 2017 No Responses

‘NNPC mega, affiliate stations are selling product for N143 per litre’

The sustained strategic intervention of the Nigerian National Petroleum Corporation (NNPC) in the efficient supply and distribution petroleum products has led to significant fall in the prices of Premium Motor Spirit (PMS), also known as petrol, and Liquefied ...
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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

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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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