The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Joseph Dawha, has called on the Nigerian Army and the Nigeria Police Force to assist in protecting the corporation’s vital oil and gas assets. Speaking during courtesy visits to the Chief of Army Staff, Lt.-Gen. Kenneth Minimah, at the Defence Headquarters, and the Acting Inspector General […]
Royal Dutch Shell said on Wednesday it had reached deals on some of the four Nigerian oil fields it offered for sale as it pushed ahead with divesting global assets to cut costs. Shell last year put up for sale its 30 per cent shares in four oil blocks in the Niger Delta – Oil […]
The Chairman of the Governing Board of the National Oil Spill Detection and Response Agency (NOSDRA), Lancelot Anyanya has said Niger Delta communities are paying huge price to sustain Nigeria’s oil and gas production in the area. Anyanya, a retired major in the Nigerian Army, stated this when he led a delegation from NOSDRA to […]
Stakeholders in the downstream sector of the country’s petroleum industry have raised the alarm over the influx of substandard lubricants into the country and the proliferation of quasi-lubricant substances being used widely by consumers. The Lubricants Producers Association of Nigeria, in a document made available to our correspondent, stated, “It is worrisome to note that […]
ORGANIZATION of the Petroleum Exporting Countries’ (OPEC) oil production rose 0.4 per cent in July 2014 from a month earlier, according to an industry survey. Supply from OPEC has averaged 30.06mn bpd last month, up from 29.92mn bpd in June, according to the Reuters survey based on shipping data and information from sources at oil […]
As part of its Corporate Social Responsibility, Total Exploration and Production Nigeria Limited (TEPNG), has extended its Health Safety and Environment (HSE) programme to its host communities in Akwa Ibom State. Indeed, about 1000 patients benefited from the exercise, which covered Mbo, Eastern Obolo, Ikot Abasi and Etinan local council areas of the state. Read […]
Brazil has overtaken India as the largest buyer of Nigeria’s crude oil, spending $990.09 million, about N158.414 billion on the purchase of crude oil from Nigeria. Data from the Nigerian National Petroleum Corporation, NNPC, on activities in the oil and gas sector for March 2014, disclosed that Brazil purchased 9.442 million barrels of crude oil […]
The commencement of production from Shell’s Bonga North West deepwater development offshore Nigeria means Nigeria will earn an average of $4.2 million daily from the project. Shell stated that production from the new well is 40,000 barrels per day (bpd) and culminate in crude earnings of $4.2 million (N672 million) daily. In 2005, the Bonga […]
Minister of Petroleum, Diezani Alison-Madueke and the Nigerian National Petroleum Corporation (NNPC) have been cautioned not to allow themselves to be lured into pursuing extra-judicial advantage in contempt of court in the case involving Brittania-U on the one hand and Chevron Nigeria Ltd as well as Seplat Petroleum Development Company Ltd, on the other. Continue […]
Nigeria’s crude oil production is expected to rise by 40,000 barrels per day, as Shell Nigeria Exploration and Production Company Limited, SNEPCo, yesterday commenced production from the first well at the Bonga North West deep-water development offshore Nigeria. C0ntinue Reading