Tag Archive

Nigeria’s electricity challenge

Nigeria’s electricity challenge

July 23, 2019 No Comments

Muhammadu Buhari, @MBuhari, Nigerian President tweeted Please email us your industry related news for publication info@OilAndGasPress.com Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook Disclaimer Most News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news […]

NNPC, Shell to Grow Nigeria’s Oil Reserves

NNPC, Shell to Grow Nigeria’s Oil Reserves

July 17, 2019 No Comments

The Management of the Nigerian National Petroleum Corporation (NNPC) and its age-long partner, Shell Petroleum Development Company (SPDC), on Tuesday expressed resolve to grow existing business relationship aimed at growing the nation’s crude oil reserves. Welcoming the high level Shell delegation led by the Vice-President of Shell Nigeria and Gabon, Mr. Peter Costello, to the […]

NNPC Pledges Closer Ties with Governors Forum

NNPC Pledges Closer Ties with Governors Forum

July 15, 2019 No Comments

The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to continuously work with the Nigerian Governors Forum (NGF) in order to grow crude oil production, renewable energy and generate more revenue for the country. A release today in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu stated that […]

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Nestoil Calls for Change in Energy Focus from Oil to Gas

Nestoil Calls for Change in Energy Focus from Oil to Gas

July 10, 2019 No Comments

Group Managing Director of Nestoil Group Dr Ernest Azudialu-Obiejesi has called on the Federal Government to invest more in gas infrastructure rather than crude oil, which according to him will continue to decline in long term economic value as the world continues to embrace cleaner forms of energy. Dr Azudialu who was speaking at the […]

Aiteo to spend $5 billion to boost output

Aiteo to spend $5 billion to boost output

July 8, 2019 No Comments

Aiteo Eastern E&P Co. reportedly plans to drill new oil wells and re-open existing ones as it seeks to raise production, CEO Victor Okoronkwo said Tuesday in an interview in Abuja, Nigeria. It will also seek to increase its stake in a joint venture with Nigeria’s state oil company. Plans to spend as much as […]

Millions In Jewelry, Seized From Corrupt Nigerian Ex-Oil Minister

Millions In Jewelry, Seized From Corrupt Nigerian Ex-Oil Minister

July 8, 2019 No Comments

A Nigerian court has ordered the seizure of $40 million of luxury items, mainly jewelry and a customized golden iPhone belonging to the ex-minister of Nigeria’s petroleum resources Diezani Alison-Madueke, according to Reuters. In addition to the customized iPhone, the items seized included—but was not limited to—419 bangles, 315 rings, and 189 wristwatches, according to Sahara […]

SEPLAT PetDevCom Plc – Capital Markets Day, Lagos – Postponed

SEPLAT PetDevCom Plc – Capital Markets Day, Lagos – Postponed

July 5, 2019 No Comments

Seplat Petroleum Development Company Plc’s capital markets event was due to be held at the Nigerian Stock Exchange in Lagos for analysts and investors on Tuesday 9th of July 2019 at 13:30 (Lagos time). At the request of the Nigerian Stock Exchange, the session has been postponed to Friday 12th of July 2019 at 14.30 […]

Nigeria House of Reps to Prioritize Passage of PIGB

Nigeria House of Reps to Prioritize Passage of PIGB

July 5, 2019 No Comments

The 9th National Assembly will give priority to the passage of the Petroleum Industry Governance Bill (PIGB) in order to consolidate and reposition the oil and gas industry for the benefit of all Nigerians. Speaker, House of Representatives, Hon. Femi Gbajiabiamila, made this commitment during a visit by the outgoing Group Managing Director of the […]

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NNPC Concludes Payment of Cash-Call Arrears to Mobil

NNPC Concludes Payment of Cash-Call Arrears to Mobil

July 4, 2019 No Comments

Nigerian National Petroleum Corporation (NNPC) signed a Cash-call Repayment Agreement with its Joint Venture partners to defray cash-call arrears within a period of five years, the Corporation has fully settled the total amount owed to Mobil Producing Nigeria (MPN) with a payment of $833.57m. The Group General Manager, Group Public Affairs Division of NNPC, Mr. […]

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Seplat to host a capital markets event

Seplat to host a capital markets event

July 1, 2019 No Comments

Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian indigenous oil and gas company dual-listed on the Nigerian Stock Exchange and London Stock Exchange, will host a capital markets event at the Nigerian Stock Exchange in Lagos for analysts and investors on Tuesday 9th of July at 13:30 (Lagos time). The session […]

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