Oil and Gas – Page 19 – City Business News

January 3, 2020 No Responses

NNPC Explains N13.23b Trade Surplus

The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019. This represented an increase of 54 per cent compared to ₦8.59 billion surplus posted in September 2019. The Corporation disclosed this in its Monthly Financial...

December 23, 2019 No Responses

Shell, Firm Seal $307.3m LNG Deal

Shipping Firm, Korea Line Corporation (KLC), part of Samra Midas Group, has signed a time charter contract for two LNG carriers with Shell Tankers (Singapore) Limited. The company in a Stock Exchange filing explained that the deal is worth KRW...

December 16, 2019 No Responses

NNPC Declares N5.20b Trade Surplus

The Nigerian National Petroleum Corporation (NNPC) said it made ₦5.20billion trading surplus for the month of August, reflecting an increase of 22 per cent compared with the ₦4.26 billion surplus posted in July. The corporation disclosed this in its Monthl...

December 9, 2019 No Responses

Shell, Firm Seal $245m Charter Deal

Petroleum and chemical tanker owner, AET Tanker Holdings has secured $245million time charter contracts with Brazil Shipping I Limited, a subsidiary of Royal Dutch Shell. Under the terms of the deal, AET said it would own and operate the related newbuilding.....

November 20, 2019 No Responses

Nigeria Implores ExxonMobil, Others On Collaboration

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has tasked ExxonMobil and other International Oil Companies (IOCs) on strong collaboration to ensure efficient oil and gas sector in Nigeria. A statement signed by Alhaji Garba Deen Muhammad, ...

November 13, 2019 No Responses

Kyari Tasks NNPC Retail On Unadulterated Products

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has challenged the board and managementg of NNPC Retail Limited to ensure the delivery of unadulterated products to motorists nationwide. K...

November 2, 2019 No Responses

14 Firms Bid For OML 119 Redevelopment Financing

The Nigerian National Petroleum Corporation (NNPC) has publicly opened bids from 14 companies for the financing and redevelopment of Oil Mining Lease (OML) 119. The Corporation disclosed this in a statement issued by its Acting spokesman, Mr Samson Makorji, in...

October 30, 2019 No Responses

Techno Oil Boss Task Agencies On Importation Of Fake, Sub-Standard Cylinders

The Chief Executive Officer, Techno Oil Liquefied Petroleum Gas (LPG) cylinder manufacturing plant, Mrs Nkechi Obi has urged the Federal Government and relevant agencies to put measures in place to stop importation of fake and sub-standard cylinders. Spe...

October 28, 2019 No Responses

DPR Seals Five Filling Stations

The Department of Petroleum Resources (DPR) has sealed five fillings stations in Cross River for selling petrol above the government approved price of N145 per litre and other offences. DPR Operations Controller in Cross River, Mr Philip Awolu, disclosed this....

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...