Tag Archive

ENERGY NEWSTRACK TO 06/09/18:

ENERGY NEWSTRACK TO 06/09/18:

September 6, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $75.18 a barrel on Wednesday, 5 September 2018, compared with $76.32 the previous day, according to OPEC Secretariat calculation. Includes: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait […]

NNPC, China Sign Agreement on Oilfield Services

NNPC, China Sign Agreement on Oilfield Services

September 6, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) in China with the China National Offshore Oil Corporation (CNOOC) towards developing Nigeria’s oilfield services as well as boosting research and development in the oil and gas industry. The MoU signing, the third in the series within the week, by the NNPC […]

Penspen’s Strategic Alliance with Crestech Secures PMC Deal with NNPC

Penspen’s Strategic Alliance with Crestech Secures PMC Deal with NNPC

September 5, 2018 No Comments

Penspen, a leading global provider of engineering and project management services to the energy industry, and Nigerian engineering firm Crestech, have signed their largest contract to date after forming a strategic alliance in November 2016. The companies have secured a deal with the Nigerian National Petroleum Company (NNPC) for the provision of project management consultancy […]

CNOC Guarantees Funding for NNPC’s AKK Project

CNOC Guarantees Funding for NNPC’s AKK Project

September 4, 2018 No Comments

China National Petroleum Corporation (CNPC) has assured the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, of its unflinching commitment towards securing funding for the successful financing and subsequent execution of the Ajaokuta-Kaduna-Kano (AKK) pipeline project. The huge boost for the project was revealed during a high-level meeting between the […]

ENERGY NEWSTRACK TO 31/08/18:

ENERGY NEWSTRACK TO 31/08/18:

August 31, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $75.72 a barrel on Thursday, 30 August 2018, compared with $74.48 the previous day, according to OPEC Secretariat calculations. Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export […]

Nigeria Could Lose OPEC Status If It Signs New Oil Bill

Nigeria Could Lose OPEC Status If It Signs New Oil Bill

August 30, 2018 No Comments

While Nigeria’s President Muhammadu Buhari is said to be withholding signing the country’s new petroleum bill into law over concerns that it strips the president of powers over the industry, a former manager at the Nigerian National Petroleum Corporation (NNPC) warns that Nigeria could lose its membership in OPEC if the bill becomes law. If […]

NNPC to Establish 200,000bpd Condensate Refineries

NNPC to Establish 200,000bpd Condensate Refineries

August 29, 2018 No Comments

The Nigerian National Petroleum Corporation will establish two condensate refineries with a total refining capacity of 200,000 barrels per day at Western Forcados Area and Assah North Ohaji South (ANOH) Areas of Delta and Imo State respectively. Natural-gas condensate is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw […]

ENERGY NEWSTRACK TO 23/08/18:

ENERGY NEWSTRACK TO 23/08/18:

August 23, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $71.75 a barrel on Wednesday, 22 August 2018, compared with $71.01 the previous day, according to OPEC Secretariat calculations. Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export […]

ENERGY NEWSTRACK TO 20/08/18:

ENERGY NEWSTRACK TO 20/08/18:

August 20, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $70.27 a barrel on Friday, 17 August 2018, compared with $69.47 the previous day, according to OPEC Secretariat calculations Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export […]

NNPC Boss Meets AKK Pipeline Project Financiers in Dubai

NNPC Boss Meets AKK Pipeline Project Financiers in Dubai

August 17, 2018 No Comments

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru in Dubai, United Arab Emirate directed the Chinese Consortium and the NNPC Project Team on the Ajaokuta-Kaduna-Kano (AKK) Pipeline Project to ensure timely finalization of the term sheet for the project’s contractor financing agreement. The Chinese consortium is made up of Bank […]

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