Tag Archive

Oil Pipeline Vandalism Drops by 12 Per Cent in Nigeria

Oil Pipeline Vandalism Drops by 12 Per Cent in Nigeria

June 21, 2017 No Comments

The extensive engagement with oil and gas community stakeholders embarked upon by the Federal Government and the Nigerian National Petroleum Corporation, NNPC has continued to yield positive results with the attainment of 12.77 per cent reduction in downstream pipeline vandalism. According to the April 2017 NNPC Financial and Operations report released in Abuja on Monday, […]

NNPC Increases Gas Supply

NNPC Increases Gas Supply

June 12, 2017 No Comments

Efforts by the Federal Government to boost electric power generation in the country may soon yield the required dividend following the sustained increase in gas supply for power generation by the Nigerian National Petroleum Corporation, NNPC. The March 2017 edition of the monthly Financial and Operations Report of the Corporation, released today in Abuja, said […]

Seplat Issues Operations update

Seplat Issues Operations update

June 7, 2017 No Comments

Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, today issues an operations update. Production update Seplat has received notification from the operator of the Forcados terminal, Shell Petroleum Development Company of Nigeria Ltd (“SPDC”), that […]

BPTT’s Angelin project Update

BPTT’s Angelin project Update

June 2, 2017 No Comments

BP Trinidad and Tobago LLC today announced the sanction for the development of its Angelin offshore gas project. The project will feature the construction of a new platform – bpTT’s 15th offshore production facility – 60 kilometres off the south-east coast of Trinidad in water-depth of approximately 65 metres. The development will include four wells […]

Oando PLC Q1 2017 Results

Oando PLC Q1 2017 Results

May 29, 2017 No Comments

Oando PLC, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, announced unaudited results for the three months period ended 31 March, 2017, with the following highlights: Financial Highlights: Turnover increased by 116%, N138.4 billion compared to N63.9 billion (Q1 2016) Gross Profit increased by 53%, 13.4 billion compared to […]

CNPC sign cooperation agreements with Uzbekneftegaz,SOCAR,Gazprom,Rosneft,KazMunaiGas

CNPC sign cooperation agreements with Uzbekneftegaz,SOCAR,Gazprom,Rosneft,KazMunaiGas

May 23, 2017 No Comments

On the occasion of the “Belt and Road Forum for International Cooperation”, CNPC entered into a number of agreements with its partners to deepen and expand cooperation in project financing, pipeline transportation, storage construction, oil and gas supply and natural gas power generation. The signing of these agreements is of positive and great significance to […]

Nigerian National Petroleum Corporation Revives Kano Depot

Nigerian National Petroleum Corporation Revives Kano Depot

May 19, 2017 No Comments

Petroleum products supply to the Northern part of the country received a boost yesterday as the Nigerian National Petroleum Corporation, NNPC, re-commissioned its Kano Depot, even amidst encomiums poured on the Corporation for reviving the facility. Kano Depot is part of the Corporation’s System 2D Pipeline Network which was knocked down three-and-half years ago due […]

Checkpoint opened at cross-border section of Eastern Route of Russia-China Gas Pipeline

Checkpoint opened at cross-border section of Eastern Route of Russia-China Gas Pipeline

May 18, 2017 No Comments

On May 11, a temporary checkpoint was officially open at the cross-border section of Eastern Route of the Russia-China Gas Pipeline in Blagoveshchensky district of the Amur Region, Russia. CNPC Vice President Wang Dongjin and Deputy Chairman of the Gazprom Management Committee Vitaly Markelov attended the inauguration ceremony and delivered speeches respectively. The opening of […]

TAQA  announce its  Q1 2017 Financial Results

TAQA announce its Q1 2017 Financial Results

May 11, 2017 No Comments

Abu Dhabi National Energy Company PJSC (TAQA), a leading global energy company headquartered in Abu Dhabi with operations in 11 countries, today announced its financial results and operational highlights for the period ended 31 March 2017. Financial highlights: Total revenues of AED 4.1 billion, an increase of 6% on previous year (Q1 2016: AED 3.9 […]

Statoil handing over the Polarled pipeline to Gassco

Statoil handing over the Polarled pipeline to Gassco

May 4, 2017 No Comments

Statoil transferred the operatorship for the Polarled pipeline to Gassco on 1 May. The 482-kilometre pipeline between the Aasta Hansteen field in the Norwegian Sea and Nyhamna in Møre og Romsdal was delivered NOK 4.5 billion below budget. Polarled is the first subsea pipeline crossing the Arctic circle on the Norwegian continental shelf, opening a […]

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