Oil & Gas – Page 15 – City Business News

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...

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 ...

August 27, 2017 No Responses

Gunmen attack anchored oil tanker in Lagos

Armed robbers boarded a tanker and stole some oil from the ship while it was anchored at Lagos General Purpose Anchorage, Nigeria, the International Maritime Bureau (IMB).has reported. Quoting report put together by ICC, IMB explained that the incident...

August 26, 2017 No Responses

NNPC implores indigenous firms to bid for 30 marginal fields

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...

August 24, 2017 No Responses

Court orders arrest of Oando’s oil rigs over N4.7 billion debt

A Federal High Court sitting in Port Harcourt, Rivers State has ordered the arrest and detention of three crude oil drilling rigs belonging to Oando Energy Services Limited (also known as OES Energy Services Limited) over debts of US$15,399,524.84 (equivalent....

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...

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...

August 5, 2017 No Responses

Forte Oil Photo News

L–R:Tony Ibeziako, Head, Domestic Primary Market, The Nigerian Stock Exchange (NSE); Haruna Jalo-Waziri, Executive Director, Capital Markets Division, NSE; Oscar N. Onyema, OON, Chief Executive Officer, NSE; Akin Akinfemiwa, Group Chief Executive Officer, Fo...

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. ...

July 27, 2017 No Responses

EFCC recovers N328.9b from NNPC retails, Oando, Total, Mobil, others

The Economic and Financial Crimes Commission (EFCC) has recovered a total sum of N328, 988,296,990.62 from NNPC retails, Oando Plc, Mobil Plc, Conoil Plc, Total Plc, OVH Energy Plc, Forte Oil and Gas Plc, MRS Oil Plc and NIPCO Oil...

July 21, 2017 No Responses

U.S sanctions ExxonMobil over violations

The United States authorities have fined Exxon Mobil $2m for violating sanctions against Russia while Secretary of State Rex Tillerson was its chief executive. Exxon dealt with Igor Sechin, the president of Russian oil giant Rosneft, who was blacklisted, the.....

July 17, 2017 No Responses

NNPC attains five million litres of kerosene output daily

The three refineries of Nigerian National Petroleum Corporation (NNPC) in Port Harcourt, Warri and Kaduna now produce five million litres of Dual Purpose Kerosene (DPK), also identified as kerosene daily. According to NNPC, this represents more than 60 perce...

July 16, 2017 No Responses

U.S to emerge top LNG exporter by 2022

By 2022, the United States will be on course to challenge Australia and Qatar for global leadership among LNG exporters, the International Energy Agency (IEA) estimates. Despite the fact that the demand for gas in the United States – the...