Tag Archive

CNOOC Explore Offshore Investment In Nigeria

CNOOC Explore Offshore Investment In Nigeria

July 19, 2018 No Comments

CNOOC Ltd is willing to invest an additional US$3 billion in its existing stakes in offshore oil and gas operations in Nigeria, the Nigerian National Petroleum Corp. (NNPC) said on July 15. CNOOC Ltd’s CEO, Yuan Guangyu, said the company’s investment in Nigeria was its “most strategic and important overseas business undertaking”, according to an […]

Nigeria is clueless about the consumption level of refined products that it imports.

Nigeria is clueless about the consumption level of refined products that it imports.

July 19, 2018 No Comments

When the Nigerian National Petroleum Corporation (NNPC) stated the other day that daily consumption of Premium Motor Spirit (petrol) in the country is unknown due to smuggling of the product into other West African countries, there could not have been a better way to illustrate how shrouded in various mysteries operations in the oil industry […]

NLNG Train-7 Engineering Design Contract

NLNG Train-7 Engineering Design Contract

July 13, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC), Shell, Total and Eni have signed the Front End Engineering Design (FEED) contract of Train 7 of the Nigeria Liquefied Natural Gas Ltd (NLNG) on Wednesday in London. The event also witnessed the commemoration of the successful repayment of $5.45bn shareholders loan for Trains 1-6 by the NLNG Shareholders. […]

NNPC Posts Daily Gas Supply of 854.40million Standard Cubic Feet in March

NNPC Posts Daily Gas Supply of 854.40million Standard Cubic Feet in March

July 6, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has announced the attainment of a two-year record spike in gas supply to power generation, which hits 854.40million Standard Cubic Feet of gas per day (mmscfd) for March 2018, translating to an equivalent power generation of 3,492MW. Details of the March 2018 National Gas Production figures contained in the […]

NNPC/FIRST E&P JV Finalize $724m Schlumberger Oil Finance Deal

NNPC/FIRST E&P JV Finalize $724m Schlumberger Oil Finance Deal

July 3, 2018 No Comments

One year after signing the tripartite term sheet for the financing and technical services arrangement between NNPC/FIRST E&P JV and Schlumberger for the Anyalu and Madu fields under Oil Mining Licence, OML 83 and OML 85, offshore Nigeria, a final nod was given to the package over the weekend in London with the execution of […]

NNPC Outline Plans to Attract Private Investment

NNPC Outline Plans to Attract Private Investment

June 22, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has outlined plans to attract private investments, ensure sustainable development and spur growth in the nation’s Oil and Gas Industry. Group Managing Director of the corporation, Dr. Maikanti Baru, disclosed this while speaking on the theme “Investment in the Oil and Gas Industry” at the 7th International Seminar of […]

Tags: ,
NNPC Recommends Split of Petroleum Licences

NNPC Recommends Split of Petroleum Licences

May 18, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components for prospecting and production phases under the draft Petroleum Industry Administrative legislation currently before the National Assembly. In a presentation at the Public Hearing organized by the House of Representatives Committee on the Petroleum Industry Administrative Bill (PIAB), Petroleum […]

Nigeria Eyes Total Flare Out in Two Years

Nigeria Eyes Total Flare Out in Two Years

May 3, 2018 No Comments

As NNPC Announces Policies to End Gas Flare The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, announced a three-point smart strategy aimed at ending gas flaring in the nation’s Oil and Gas Industry. He made the announcement while delivering the lead paper on a panel session at the ongoing […]

NPDC Poised to Become Nigeria’s Number One E&P Company

NPDC Poised to Become Nigeria’s Number One E&P Company

April 30, 2018 No Comments

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the target of the corporation is to make its foremost upstream subsidiary, the Nigerian Petroleum Development Company (NPDC), the number one exploration and production company in Nigeria. He spoke on the sidelines of the 18th Annual General Meeting […]

Tags: ,
NNPC Valuation and Land Acquisition Services Contract

NNPC Valuation and Land Acquisition Services Contract

April 9, 2018 No Comments

No fewer than 160 firms of professional estate surveyors and valuers participated in the bid to provide the Nigerian National Petroleum Corporation (NNPC) with valuation and land acquisition services. This was disclosed by the Group General Manager (GGM), Supply Chain Management, Mr. Shehu Liman, during a public bid opening exercise conducted by the corporation in […]

Page 1 of 2112345»1020...Last »