Oil and Gas Archives — Page 18 of 20

October 22, 2019 No Responses

Exxon Mobil Accused Of Misleading Investors

An unprecedented climate change lawsuit against American oil giant Exxon Mobil is set to go ahead in New York. The state has accused the company of misleading investors about the potential costs of climate regulation to its business. Exxon says...

October 21, 2019 No Responses

NNPC Reiterates Commitment To Deliver Value In Oil, Gas Sector

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to deliver value across the entire value chain of the oil and gas industry for the benefit of Nigerians. NNPC Group Managing Director, Malam Mele Kyari ,gave the assurance in...

October 17, 2019 No Responses

New Oil, Gas Parks For Akwa Ibom, Bayelsa

The Federal Executive Council (FEC), on Wednesday in Abuja, approved the establishment of oil and gas parks in Akwa Ibom and Bayelsa states. Minister of State for Petroleum Resources, Timipre Sylva, disclosed this while briefing State House correspondents afte...

October 14, 2019 No Responses

ExxonMobil, Firm Seal $406m LNG Deal

September 23, 2019 No Responses

NNPC Seals $875.75m Financing Deal With CPDC

The Nigerian National Petroleum Corporation (NNPC) has signed a 875.75 million dollar funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development Company(NPDC) operated Oil Mining Lease (OML) 65. The Corporati...

September 23, 2019 No Responses

“Nigeria Generated N28.6tri From Oil, Non-Oil Sources In Five Years”

The Nigeria Extractive Industries Transparency Initiative (NEITI) has declared that N28.58 trillion was remitted to the Federation Account between 2012 and 2016 from mineral revenues, non-mineral revenues and Value Added Tax (VAT). NEITI disclosed this o...

September 10, 2019 No Responses

Shell Loses N202m Daily To Vandals, Oil Thieves

Shell Petroleum Development Company of Nigeria (SPDC) Joint Venture says it loses about N202 million daily in revenue to activities of criminals in the Niger Delta. The company attributed the loss to daily attacks on its pipelines by suspected crude...

September 3, 2019 No Responses

NNPC Boss Tasks Top Management Team On Performance

Keen on delivering on his mandate, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged members of his management team to work assiduously to deliver on the key priority areas of growing the...

August 19, 2019 No Responses

NNPC Picks BP Oil, Sahara, MRS, Duke, Others To Lift Crude

The Nigerian National Petroleum Corporation (NNPC) has announced winners of its 2019/2020 Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement. In a statement in Abuja on Sunday, the Corporation’s Group General Manager,...

August 7, 2019 No Responses

NNPC Seeks Military Support For Relaunch Of Exploratory Activities In Chad Basin, Others

The Nigerian National Petroleum Corporation (NNPC) has expressed its preparedness to re-enter and commence full operations at the Chad Basin, Gongola and Benue Trough, as it seeks for wholistic military supports for the protection of its workforce and high-tec...

August 1, 2019 No Responses

Mele Kyari: NNPC Not Competing With Dangote Refinery

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday declared that the national oil company was not in contest for market share with the forthcoming Dangote Refinery but rather providing support to ...

July 22, 2019 No Responses

LNG: Firm Seals Long-Term Contract To China

Canadian company, FortisBC has entered into its first term supply agreement to produce liquefied natural gas (LNG) for Top Speed Energy Corporation to export to China. This term supply agreement is said to be a major development in Canada’s LNG...

July 19, 2019 No Responses

FG To Supply 10% Of India Crude Demands

The Nigerian National Petroleum Corporation (NNPC) says it will continue to supply 10 per cent of India’s crude oil demand in the face of competing demand for the product from other countries. The Group Managing Director, Malam Mele Kyari, disclosed...

July 12, 2019 No Responses

Reps Task NNPC On Pipelines Protection

The House of Representatives has urged the Nigerian National Petroleum Corporation (NNPC) to protect pipelines in Alimosho Local Government Area (LGA) of Lagos state against vandals. This was sequel to a unanimous adoption of a motion of Urgent National Import...