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Oranto confirms Uganda oil exploration deal

Oranto confirms Uganda oil exploration deal

October 16, 2017 No Comments

Nigeria’s Oranto Petroleum said that it has signed two production sharing agreements with Uganda to explore for oil and gas around Lake Albert, Reuters reports. Oranto was among several companies, including Australia’s Armour Energy, that last year bid in Uganda’s first competitive oil exploration licensing round. “We are excited to enter this agreement … Lake Albert […]

‘President Buhari asked us to focus on Northern Nigeria’- World Bank president, Jim Yong Kim, claims

‘President Buhari asked us to focus on Northern Nigeria’- World Bank president, Jim Yong Kim, claims

October 13, 2017 No Comments

The President of the World Bank Group, Jim Yong Kim, held a press conference in Washington D.C yesterday and spoke about World Bank activities in Africa. While addressing the press, Kim reportedly said that in his first meeting with President Buhari, the president asked that the world bank should specifically shift its focus to Northern […]

Oil Unions Pledge Support for NNPC GMD

Oil Unions Pledge Support for NNPC GMD

October 10, 2017 No Comments

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), have pledged unalloyed support for the transformation stride of the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru. Speaking during a solidarity visit to the GMD, National President of […]

NNPC Records $471.9 Million Export Receipts

NNPC Records $471.9 Million Export Receipts

October 9, 2017 No Comments

The Nigerian National Petroleum Corporation, NNPC has announced a total export receipt of $471.90 million for the month of July 2017 as against $219.34 million posted in June 2017. According to the July edition of the Monthly Financial and Operations Report of the Corporation which was made public on Thursday, contribution from crude oil amounted […]

Lack of Adherence to Due Process in NNPC Contract Awards

Lack of Adherence to Due Process in NNPC Contract Awards

October 9, 2017 No Comments

Following the publication of alleged lack of adherence to due process in the award of NNPC contracts, the President ordered the Group Managing Director (GMD) and Management of the Nigerian National Petroleum Corporation (NNPC) to consider and respond expeditiously to the allegations. The substance of the allegations made by the Minister of State for Petroleum […]

10th Eni Award 2017

10th Eni Award 2017

October 6, 2017 No Comments

The award ceremony was held today, at the Palazzo Quirinale, in the presence of Italian President Sergio Mattarella, Eni chairman Emma Marcegaglia and chief executive Claudio Descalzi, for the 10th edition of the Eni Award. The award is a demonstration of the Eni commitment to innovation and scientific research and, over the years, it has […]

African national oil companies (NOCs) need to evolve for the future

African national oil companies (NOCs) need to evolve for the future

October 5, 2017 No Comments

African national oil companies (NOCs) across Africa have an enormous opportunity to secure a more sustainable future by transforming into “national energy companies” (‘NECs’), escaping the economic trap of a lower oil price and embracing the disruptive forces unleashed by climate change and a lowcarbon world. A new era of lower oil prices is challenging […]

NPDC to Grow Equity Production to 500,000 bpd by 2020

NPDC to Grow Equity Production to 500,000 bpd by 2020

September 28, 2017 No Comments

Nigerian Petroleum Development Company (NPDC), the flagship subsidiary of the Nigerian National Petroleum Corporation (NNPC) is poised to grow its equity production from the current 180,000 bpd to 300,000 bpd by 2018. Production is also projected to hit 400,000 bpd and 500,000 bpd by 2019 and 2020 respectively. Managing Director NPDC, Mr. Yusuf Matashi, who […]

Statoil plans $10b investment in Nigeria

Statoil plans $10b investment in Nigeria

September 27, 2017 No Comments

Statoil has unveiled plans to increase its investment in Nigeria with more than $10 billion, having set a goal to satisfy the country’s growing population’s demand for increased energy with natural gas. The move would further bring progress to the undeveloped Nnwa-Doro deep offshore field, raise more stakes in Agbami field and also investigate the […]

NNPC Fast-Tracks Local Capacity Development in Oil Industry

NNPC Fast-Tracks Local Capacity Development in Oil Industry

September 22, 2017 No Comments

The Nigerian National Petroleum Corporation (NNPC) will accelerate local capacity development in all its operations within the nation’s Oil and Gas industry. NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this while delivering a keynote address during an occasion to mark the Egina Manifold Sail Away celebration in Port Harcourt on Tuesday. In crude oil […]

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