Oil and Gas – Page 20 – City Business News

October 14, 2019 No Responses

ExxonMobil, Firm Seal $406m LNG Deal

Exxon Mobil Corporation’s subsidiary, SeaRiver Maritime has concluded $406.2million two new LNG carriers deal. According to the company, each of the LNG carriers would be deployed on a 15-year charter contract to serve the transportation needs of ExxonMobil’s worldwide LNG...

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...

June 22, 2019 No Responses

Baru Lists Achievements As NNPC GMD

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Thursday enumerated landmark progress recorded in the last three years under his watch as helmsman of Nigeria’s national oil corporation. Speaking at his...

May 6, 2019 No Responses

NNPC Remits N153.01b Into Federation Account In January

The Nigerian National Petroleum Corporation (NNPC) says it transferred N153.01 billion into the federation account in January. The corporation disclosed this in its Financial and Operations Report for the January released in Abuja on Sunday. “Within the peri...

May 3, 2019 No Responses

NNPC Boss Inaugurates AGPC Reconstituted Board, Targets 300mscf Of Gas Per Day

Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange (NSE) and London Stock Exchange (LSE), has announced the inauguration of the reconstituted Board of Directors of ANOH Gas Proc...