Oil & Gas – Page 14 – City Business News

October 18, 2017 No Responses

Buhari Signs University of Petroleum Resources Bill

President Muhammadu Buhari Tuesday in Abuja pledged continued support for the socio-economic development of the Niger Delta region. Giving the assurance at a brief ceremony in the State House to sign the bill establishing the University of Petroleum Resources, Effurun,...

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.....

October 16, 2017 No Responses

Osinbajo: NNPC did not award $25b contracts

The Nigerian National Petroleum Corporation (NNPC) did not award $25billion contracts, Vice President Yemi Osinbajo has declared. A statement issued on Sunday by the Vice President Senior Special Assistant (SSA), media and publicity, Laolu Akande, explaine...

October 16, 2017 No Responses

Controversy trails NPA, Intels imbroglio

By citybusinessnews@yahoo.com – The controversy surrounding the termination of pilotage contract agreement with INTELS by the Nigerian Ports Authority (NPA) continued at the weekend. Indeed, the controversy has divided Nigerians into two gr...

October 14, 2017 No Responses

NPA replies Intels, insist on level playing field for all operators

By citybusinessnews@yahoo.com – The management of Nigerian Ports Authority (NPA) has dismissed reported plans by Integrated Logistics Services limited (Intels) to withdraw its investment agenda in Nigeria. According to NPA, business thrives in f...

October 13, 2017 No Responses

Osinbajo lauds NLNG, flags off construction of N120b Bonny-Bodo road project

The Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo, SAN (GCON), on Thursday in Bonny flagged off the construction of the N120 billion Bonny-Bodo Road to be jointly funded by Nigeria LNG Limited (NLNG) and the Federal...

October 12, 2017 No Responses

Intels to sack more workers

Feelers emanating from Integrated Logistics Services (Intels) on Wednesday indicated that the company is to reduce further its workforce “due to ongoing challenges and hostile business environment”. A source at the headquarters of the seaport conce...

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...

September 27, 2017 No Responses

Oando Shareholders Petition National Assembly

Over 100 shareholders of the troubled Oando Plc have written a petition to the National Assembly alleging corporate governance abuse, mismanagement and gross misconduct. The petition, addressed to the Chairman, House Committee on Capital Market and Instit...

September 22, 2017 No Responses

FICAN honours NNPC boss

The Finance Correspondents of Nigeria (FICAN) has lauded the Nigerian National Petroleum Corporation (NNPC) for growing the Nigerian economy through its operations in the upstream, midstream and downstream with transparency and integrity. Chairman of FICAN, ...

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...

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...

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...

September 13, 2017 No Responses

Global safety body lauds NNPC boss on safety standards

In its determination to ensure that the current steady supply of petroleum products nationwide is sustained, the Nigerian National Petroleum Corporation (NNPC) has intensified efforts to safeguard its pipeline from vandals and fire outbreaks in line with best ...