Tag: Nigeria Oil and Gas Industry
Dwindling Oil Prices: Kachikwu Faults Saudi’s Market Share Policy
Nigeria’s Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu, has faulted Saudi Arabia’s insistence to keep oil market share despite dwindling oil prices,...
NNPC Shuts Port Harcourt, Kaduna Refineries
THE Nigerian National Petroleum Corporation, NNPC, on Wednesday, January 20, announced the operational shutdown of the Port Harcourt and Kaduna Refineries owing to crude...
Kachikwu wants African oil producers to assert influence in OPEC decisions
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has called on member countries of the African Petroleum Producers Association, APPA, to close...
Chevron committed N16bn to GMoU in 10 years —Idowu
Chevron Nigeria Limited, CNL, has committed over N16 billion in its Global Memorandun of Understanding, GMoU in the past 10 year in its operational...
Energia: Taking Deeper Root In The Industry
For about 15 years, Energia Limited has continued to deepen its root in the Nigerian oil and gas industry. Incorporated in 2001 as an...
Shell Emerges Best CSR Innovation Company At 2015 SERA’s
Shell companies in Nigeria have emerged the best in Corporate Social Responsibility Innovation, and also the best in Sustainable
L-R: Vice President Human Resources of...
60 Ogoni Youths Graduate from Shell -Sponsored Training for Farmers
A total of 60 youths from Ogoniland on Tuesday graduated from a training programme on agricultural entrepreneurial programme organised by The Shell Petroleum Development Company of...
NNPC Posts N241bn Loss in 10 Months
The Nigerian National Petroleum Corporation, NNPC, yesterday announced a loss of N240.987 billion in its operations for 10 months, between January and October 2015....
At CHOGM, Buhari Tells IOCs, Foreign Shipping Lines to Stop Aiding...
President Muhammadu Buhari yesterday cautioned international oil companies and financial institutions as well as international shipping lines against helping and encouraging oil thieves to...
Nigerian Gov’t to privatise pipelines network — Kachikwu
Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, says the Federal Government is set to privatise the petroleum products pipeline network in...
Fuel Scarcity Heightens: Kachikwu In Lagos, Tenders Apology
The minister of state for petroleum resources, Ibe Kachikwu, has assured Nigerians that the current fuel scarcity will not roll over to the yuletide,...
Falling Gas Production, Experts Faults Regulations
Poor legal framework or lack of it has been blamed as the major imbroglio mitigating Gas development in Nigeria despite its 9th position in...
Oando Plans $350 Million Gas Processing Plant
Nigeria's Oando plans to build a gas plant for up to $350 million as it focuses on integrating gas production with its supply business,...
Lekoil at ADIPEC: Indigenous Companies Can Attract Capital from the Middle...
Olalekan (“Lekan”) Akinyanmi is the Chief Executive Officer of AIM –listed Lekoil (LON:LEK). He has over 20 years’ experience in the oil and gas...
Seven Energy Seals $200m World Bank Gas Financing Deal
Independent integrated oil and gas development, production and gas distribution company, Seven Energy, has concluded a $200 million gas development deal with the World...
Oando Slashes Upstream Debt
…secures fresh $91M loan
Oando Energy Resources (OER), the upstream subsidiary of Oando PLC, has announced the repayment of its $100 Million African Export-Import Bank...
Mart Resources Denies Sale of Company And Continues To Evaluate Strategic...
Mart Resources has announced that, in response to recent reports contained in the Nigerian press, it has not entered into a definitive agreement or transaction...
Under New MOU, Shell, NLNG Provide N3bn For Bonny Development
Under a new memorandum of understanding, MoU, signed by the Nigerian LNG Limited, NLNG, and the Shell Petroleum Development Company of Nigeria, SPDC, with...
Nigerian Govt to Release First Tranche Of $10m For Ogoni Clean-Up
…As stakeholders lament delay, call for review of NOSDRA Act
The Federal Government has announced plans to release the first tranche of $10million to begin...
Shell Lifts Force Majure on Bonny Light Exports
THE Shell Petroleum Development Company of Nigeria Limited (SPDC) has lifted the force majure on its Bonny Light grade, thereby recovering about 320,000 barrels...
