Tag Archive

Group Managing Director Pushes for Corruption-Free NNPC

Group Managing Director Pushes for Corruption-Free NNPC

December 13, 2017 No Comments

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Tuesday advocated zero tolerance for corruption in all the arms of the Corporation. Dr. Baru who commented on a mail-broadcast message sent to the staff of the Corporation by the NNPC Anti-Corruption Committee as part of activities marking the World […]

Sonangol, Chevron & Shell Join Tullow Oil and Total to Discuss Well Intervention in West Africa

Sonangol, Chevron & Shell Join Tullow Oil and Total to Discuss Well Intervention in West Africa

December 13, 2017 No Comments

Eni Nigeria, Marathon Oil, Shell & Sonangol amongst offshore operators joined by leading well work experts at the Offshore Well Intervention Workshop West Coast of Africa on March 7-8: 150+ senior well intervention experts will get together in March at the Mövenpick Ambassador Hotel in Accra to discuss their well intervention and P&A strategies in […]

Aiteo Group & Benedict Peters Announce Appointment of Nigerian Legal Team

Aiteo Group & Benedict Peters Announce Appointment of Nigerian Legal Team

December 9, 2017 No Comments

Further to his recent announcement engaging international law firms to lead the global effort to address legal and political-based issues, the Aiteo Group and Benedict Peters, its Executive Vice Chairman have appointed top Nigerian lawyers to complement their international representation efforts within the country. The team, led by Chief Wole Olanipekun, Senior Advocate of Nigeria […]

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Erin Energy spuds Oyo-NW well

Erin Energy spuds Oyo-NW well

December 7, 2017 No Comments

Erin Energy Corporation (“Erin Energy” or the “Company”) announced it has commenced drilling of the Oyo North West well (Oyo-NW). Oyo-NW is a high-impact exploration well being drilled with the Pacific Bora, a sixth-generation drilling rig, on the Company’s offshore Nigeria block 120. The well is expected to take approximately 60 days to drill and […]

One Indicator OPEC Must Watch

One Indicator OPEC Must Watch

December 7, 2017 No Comments

“We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC ended months of speculation last week when it decided to extend its production cuts through the end of 2018, easing concerns that the limits would be […]

NNPC has No Plan to Increase Fuel Price

NNPC has No Plan to Increase Fuel Price

December 6, 2017 No Comments

The Nigerian National Petroleum Corporation (NNPC) has once again emphasized that there is no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide. The NNPC in a release informed that the ex-depot petrol price of N133.38 per litre and the pump price of […]

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NNPC GMD Awarded Forbes Oil & Gas Man of the Year Award

NNPC GMD Awarded Forbes Oil & Gas Man of the Year Award

December 5, 2017 No Comments

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has added a major laurel to his growing list of honours since assumption of office following his recent nomination as the Forbes Best of Africa Oil and Gas Man of the Year 2017 Award by the New York based Internationally reputable […]

Hungary Considers Nigerian Crude Oil, LNG

Hungary Considers Nigerian Crude Oil, LNG

December 5, 2017 No Comments

Hungarian Government has indicated interest to purchase crude oil and Liquefied Natural Gas (LNG) from Nigeria. The Hungarian Ambassador to Nigeria, Professor Gabor Ternak, who disclosed this during a courtesy call on the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, Tuesday in Abuja, said the decision to import crude […]

NNPC Secures $3.7bn Alternative Financing

NNPC Secures $3.7bn Alternative Financing

November 23, 2017 No Comments

The Nigerian National Petroleum Corporation has secured a total of $3.7bn in Alternative Financing Agreement in the last three years, Group Managing Director of the Corporation, Dr. Maikanti Baru has said. Dr. Baru, who made this known while speaking at the 35th Annual Conference of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos on […]

NNPC Completes 539km of Gas Pipeline

NNPC Completes 539km of Gas Pipeline

November 22, 2017 No Comments

The Nigerian National Petroleum Corporation (NNPC) has so far completed, commissioned and delivered 500km of gas pipelines between 2010 to date as part of an aggressive expansion of gas pipeline infrastructure across the country. Group Managing Director of the NNPC, Dr. Maikanti Baru, stated this on Tuesday in Abuja at the 2017 Conference and Annual […]

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