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Shell starts production at Gbaran-Ubie Phase 2 in Nigeria

Shell starts production at Gbaran-Ubie Phase 2 in Nigeria

August 23, 2017 No Comments

The Shell Petroleum Development Company of Nigeria Ltd joint venture has started production at Gbaran-Ubie Phase 2, a key project in Nigeria’s Niger Delta region. Phase 2 follows the success of the first phase of the Gbaran-Ubie integrated oil and gas development, which was commissioned in June 2010. Peak production of around 175,000 barrels of […]

Cyber Crimes

Cyber Crimes

August 23, 2017 No Comments

Nigeria currently ranks third globally in cyber crimes behind the UK and the U.S. according to the CEO of the Nigerian Communications Commission, NCC, Umar Dantata. He reportedly stated on Tuesday August 22nd, at the 2017 Annual General Conference of the Nigerian Bar Association, NBA, in Lagos. “About N127 billion was the estimated loss to […]

NNPC to Collaborate against Oil Theft

NNPC to Collaborate against Oil Theft

August 18, 2017 No Comments

Nigerian National Petroleum Corporation (NNPC) has pledged support to the Presidential Committee on Harmonised Standard Operating Procedures on Arrest, Detention and Prosecution of Vessels and Persons in Nigeria’s Maritime Environment (HSOP) to tackle the menace of oil theft and other criminal activities in the nation’s waters. The Group Managing Director of NNPC, Dr. Maikanti Baru, […]

Nigeria’s Oil Production Cost Down 70.5%

Nigeria’s Oil Production Cost Down 70.5%

August 17, 2017 No Comments

The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to $23 per barrel representing 70.5 per cent reduction. The Group General Manager of National Petroleum Investment Management Services (NAPIMS), a unit of NNPC, Engr. Dafe Sejebor, who disclosed this during […]

Erin spuds Oyo-9 well offshore Nigeria

Erin spuds Oyo-9 well offshore Nigeria

August 15, 2017 No Comments

Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) (JSE:ERN) announced it has commenced drilling of the Oyo-9 well (Oyo-9). Oyo-9 is being drilled with the Pacific Bora sixth-generation drilling rig on the Oyo field offshore Nigeria. The well is expected to take approximately 62 days to drill and complete. The tie-in of the […]

SPDC Implements wide variety of social investment projects

SPDC Implements wide variety of social investment projects

August 14, 2017 No Comments

Shell Petroleum Development Company of Nigeria Ltd (SPDC) has informed the authorities of the illegal occupation and is working towards resuming safe operations. Debunking allegations of neglect of communities in Kula kingdom and Belema in Rivers State, SPDC said it had implemented a Global Memorandum of Understanding (GMoU) in the area that led to a […]

Chinese banks committed to oil, gas investments in Nigeria

Chinese banks committed to oil, gas investments in Nigeria

August 14, 2017 No Comments

Chinese banks have made commitments to offer financial support for oil and gas investments in Nigeria. Maikanti Baru, the Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC) said this in Abuja, on Friday according to media reports. Baru reportedly said China had contributed 250 million U.S. dollars for project development at a recent […]

NNPC unveils plans to expand gas generation

NNPC unveils plans to expand gas generation

August 11, 2017 No Comments

Pledges Support to FG’s Aspiration to Generate 10GW of Electricity In its bid to support the Federal government’s aspiration to increase power generation to 10GW, the Nigerian National Petroleum Corporation (NNPC) has unveiled plans to expand gas generation and distribution nationwide. NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this when a delegation of the […]

NNPC to Increase Revenue by $30 Billion Over 10 years

NNPC to Increase Revenue by $30 Billion Over 10 years

August 8, 2017 No Comments

The Nigerian National Petroleum Corporation (NNPC) has disclosed that the four major investments it recently embarked upon with key upstream joint venture partners are capable of providing incremental revenue to the national treasury by over $30 billion within the next 10 years. Speaking at the inauguration of the reconstituted NNPC Anti-Corruption Committee in Abuja on […]

Nigeria FG to legalize mini refineries in Niger Delta

Nigeria FG to legalize mini refineries in Niger Delta

August 7, 2017 No Comments

The presidency said on Thursday that in fulfilling demands from community leaders, Nigeria will legalise currently outlawed mini refineries in the Niger Delta oil hub by the end of the year and supply them with crude at a reasonable price,  Reuters reports. “The Federal Government has started the process of replacing illegal refineries in the […]

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