Category: Oil & Gas

French energy giant, Total SA plans to boost oil exploration and open more fuel stations in Africa’s most industrialized country. Total pumped a record amount of oil and gas in the first quarter and expects output growth to exceed its 6% target this year thanks to acquisitions and new projects from the Arctic to West…

Energy Worth with Agency Report Experts have cautioned against undue optimism over the three-point strategy unfolded by the Federal Government to end gas flare by 2020, insisting that elusive strategies and other inherent challenges, would ensure that the desire remains a pipe dream. To further illustrate their pessimism, they say there is no way the…

By Energy Worth The Nigerian National Petroleum Corporation (NNPC) has disowned a recruitment advertisement currently trending in the social media. The advertisement, set in NNPC’s corporate colour with its logo, invites candidates with background in Sciences, Engineering, Business/Finance, Social Sciences, Arts/Humanities as well as Medical/Health Sciences to apply, giving required educational attainments of prospects to…

United States oil prices rose above $70 a barrel on Monday for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supply. According to the News Agency of Nigeria (NAN), Brent crude oil futures were at $75.59…

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has announced a three-point smart strategy aimed at ending gas flaring in the nation’s Oil and Gas Industry. Dr. Baru made the announcement while delivering the lead paper on a panel session at the ongoing 50th Offshore Technology Conference (OTC), in…

By Energy Worth The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has disclosed that the country is expecting over $25bn worth of investments in the gas sector. He announced this on Wednesday in different panel sessions at the ongoing 50th Offshore Technology Conference in Houston, United States, according to…

By Energy Worth The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has ordered the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Maikanti Baru; the Director, Department of Petroleum Resources (DPR), Modecai Ladan; and Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Saidu Abdulkadir, to provide the information being sought by a human…

The Group Managing Director of the Nigeria’s National Petroleum Corporation (NNPC), Dr. Maikanti Baru said Nigeria’s participation at the annual Offshore Technology Conference (OTC) in Houston, Texas, United States of America, had grown from mere jamboree-like activity in the 1990’s to a fully-fledged engagement where indigenous oil services companies parade their competencies and proven job…

The Big Oil playbook has been straightforward for decades: Higher prices mean offshore projects that are further, deeper, more complex than ever before. It’s different this time, according to Royal Dutch Shell Plc. Deepwater projects need to break even at $40/bbl, or preferably lower, said Harry Brekelmans, Shell’s project and technology director, in an interview…

SABIC and ExxonMobil announced today that they have created a new joint venture to advance development of the Gulf Coast Growth Ventures project, a 1.8 million tonne ethane cracker currently planned for construction in San Patricio County, Texas. The facility will also include a monoethylene glycol unit and two polyethylene units. “We are very pleased…