Category: Oil & Gas
NNPC negotiates fresh commercial contract terms with oil majors to retain investments
The Nigerian National Petroleum Corporation (NNPC), is renegotiating commercial contract terms with major oil firms, the Group Managing Director of the national oil company, Mallam Mele Kyari, has disclosed.
$1.1bn OML 17 deal will enhance Nigerian economy, communities —CFO TNOG
The $1.1 billion Oil Mining License, OML 17 deal undertaken by TNOG Oil and Gas Limited, a related company of Heirs Holdings and Transcorp, would impact on the Federal Government, communities and the entire nation’s economy.
Nigeria’s first crude export cargo Anyala set for Europe
The first export cargo of Nigeria’s newest crude grade Anyala is on its way to Northwest Europe, trading and shipping sources said on Monday.
Nigeria’s oil-refining revamp gets off to a slow start
A year after shutting down all of its dilapidated refineries to figure out how to fix them, Nigeria still can’t say how much it will cost to do the work or where the money will come from.
FG to earn N7.9bn from 161 firms shortlisted for Marginal Field Bid Round
The Federal Government is estimated to generate a total revenue of N7.9bn from the 161 companies shortlisted to advance to the final stage of the marginal fields bid round launched seven months ago.
OPEC fails to agree on February oil production output
Members of the Organisation of Petroleum Exporting Countries (OPEC) and their allies, including Russia, yesterday failed to reach an agreement on production levels for February, with talks expected to continue today.
Dangote refinery, a potential game-changer —Platts Analytics
The Dangote refinery in Nigeria will be a “potential game-changer” once it comes online, according to a report by Platts Analytics.
NNPC’s gas handling facility begins operations, reduces flaring
The Nigerian National Petroleum Corporation (NNPC) through its flagship subsidiary, the Nigerian Petroleum Development Company, on Monday announced the commencement of operations at its integrated gas handling facility.
28th World Gas Conference reschedules to 23–27 May 2022
The IGU Council, in its November meeting, confirmed the decision to reschedule by one year following a risk assessment around the impact of the COVID-19 pandemic.
NNPC to generate N11tn revenue in 2021, $14bn industry spending
The Nigerian National Petroleum Corporation (NNPC) plans to generate N11.39tn revenue in 2021, while projecting an increase in oil and gas output and sales between 2021 and 2023.