Tag Archive

NNPC, Chinese Consortia Sign MoUs on Biofuels Production

NNPC, Chinese Consortia Sign MoUs on Biofuels Production

September 5, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) in China with Nigerian-Chinese consortia towards developing sustainable biofuels in the country. In a ceremony held at the Nigerian Embassy in Beijing on the sidelines of the ongoing Forum for China-Africa Cooperation (FOCAC) Summit Tuesday, two separate MoUs on the biofuels project […]

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 […]

NNPC Considering Setting up Bunkering Company

NNPC Considering Setting up Bunkering Company

August 30, 2018 No Comments

In a bid to consolidate its foothold on the shipping business in Nigeria and boost profitability, the Nigerian National Petroleum Corporation (NNPC), has unveiled plans to set up a subsidiary to provide refueling services to ships and other ocean-going vessels. A statement by the corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, […]

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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 […]

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 […]

NNPC, Seplat Agree to Deliver 3.4bscfd of Gas by 2020

NNPC, Seplat Agree to Deliver 3.4bscfd of Gas by 2020

August 13, 2018 No Comments

Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company (SPDC) have signed five agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020. The project, Assa North and Ohaji South (ANOH) gas development scheme, is one of the 7 Critical Gas […]

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Seplat Signs Shareholder Agreement with NGPTC

Seplat Signs Shareholder Agreement with NGPTC

August 13, 2018 No Comments

Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), announces the signing of the Shareholder Agreement and Share Subscription Agreement with the Nigerian Gas Processing and Transportation Company (“NGPTC”), a wholly owned subsidiary of Nigerian National Petroleum Corporation (“NNPC”). NGPTC will subscribe for fifty per cent of the shares in ANOH Gas Processing Company Limited […]

NNPC’s Oil & Gas Forum On T.V

NNPC’s Oil & Gas Forum On T.V

August 7, 2018 No Comments

Due to massive demand by viewers and oil and gas industry stakeholders across Nigeria and beyond, the Management of the Nigerian Television Authority has allotted its highly esteemed Sunday night primetime of 8pm for the exclusive broadcast of your favorite weekly TV flick, Oil & Gas Forum on NTA Network Service and NTA International. The […]

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