Petroleum Archives — Page 4 of 5

September 11, 2019 No Responses

Timipreye Sylva In Abu Dhabi, Unveils Vision For Vibrant Petroleum Industry

By citybusinessnews@yahoo.com — “My plan is to ensure that during my tenure, four Final Investment Decisions (FIDs) are taken. I am sure that within the next quarter, we should be able to conclude on some of these FIDs so as...

August 22, 2019 No Responses

Timipre Sylva Assumes Duty As Minister of State For Petroleum

The newly appointed Minister of State for Petroleum Resources, Chief Timipre Sylva, has assumed duties with a pledge to reposition and chart a way forward for the Nigerian petroleum sector. A press release Wednesday by the NNPC Group General Manager,...

August 6, 2019 No Responses

Kyari: It’s A Shame Nigeria Is Net Importer Of Petroleum Products

It is a shame that Nigeria is a net importer of petroleum products, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari has said., Speaking at the 2019 annual conference and exhibition organised by the Society of....

June 19, 2019 No Responses

Baru Decries Cross-Border Smuggling of Petroleum Products

Group Managing Director of the Corporation, Dr. Maikanti Baru, called on members of the Nigerian Union of Journalists to join the Corporation is naming and shaming cross-border smugglers of petroleum products. Dr. Baru, made the call when he played host....

April 28, 2019 No Responses

China Acquires Stake In LNG Project

Russian gas producer Novatek has entered into agreements with two Chinese companies, allowing them to buy into the Arctic LNG 2 project. China National Oil and Gas Exploration and Development Company (CNODC), a subsidiary of China National Petroleum Corporatio...

April 7, 2019 No Responses

Firm Stakes $811.7m For Petroleum Terminals

Dutch tank storage company Royal Vopak has reached an agreement with First State Investments on the sale of its petroleum terminals in Algeciras, Amsterdam and Hamburg. The transaction, worth EUR 723 million (USD 811.7 million), is subject to certain condition...

February 13, 2019 No Responses

Eterna Targets 200 Petrol Stations In Five Years

The Management of Eterna Plc has concluded plans to establish not less than 200 petrol stations in the next five years from the 35 it currently operates. Speaking in Lagos on Tuesday, Managing Director, Mahmud Tukur also declared that market...

February 1, 2019 No Responses

Nigeria Seeks Duty Waiver For Project 100

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has explained that the ministry would consider ways of securing import waivers for the implementation of the Project 100, where it is necessary. Already, the Nigerian Government, a...

May 26, 2017 No Responses

Labour to Senate: Pass other aspects of PIB

By Comrade Hyginus Chika Onuegbu – We commend the 8th Senate led by Senate President Senator Bukola Saraki and its Joint Committee on the Petroleum Industry Governance Bill (PIGB) led by Senator Tayo Alasoadura for the passage of the...

March 8, 2017 No Responses

Sustain reforms at NNPC, expert tells Baru

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has been enjoyed to sustain ongoing reforms despite stiff opposition in some quarters. Since his assumption of office, Baru has undertaken far reaching measures de...

March 7, 2017 No Responses

Firm unveils $500M Oil exploration campaign

Oranto Petroleum is to invest $500 million to develop South Sudan’s Block B3, indicating a comprehensive exploration campaign. The Ministry of Petroleum and Oranto Petroleum Company, South Sudan signed the exploration and production sharing agreement for the...

October 26, 2016 No Responses

Don’t contemplate another fuel price hike, TUC tells FG

The Trade Union Congress (TUC) of Nigeria has advised the Federal Government not to contemplate any increase in the price of petroleum products. The union in a statement on Tuesday described the statement credited to the Group General Manager,...

October 26, 2016 No Responses

‘No plan to increase petrol price’

The Nigerian National Petroleum Corporation (NNPC) has denied reported plan to increase the price of fuel. In a statement issued by the Group General Manager, Group Public Affairs Division, NNPC, Mr. Garba-Deen Muhammad, the corporation said, “Reference o...

September 6, 2016 No Responses

NLNG decries proposed agenda to repeal enabling Act

The Nigeria Liquefied Natural Gas Limited (NLNG) has decried efforts by the legislature to repeal its enabling Act. Managing Director of NLNG, Mr Tony Attah, who led management team of the company on a courtesy visit to the Minister of...