Category: Oil & Gas

The Star Deepwater Petroleum Limited (a Chevron Company) and all the parties in the Agbami Field, Famfa Oil Limited, Nigerian National Petroleum Corporation (NNPC), Statoil Nigeria Limited and PetroleoBrasileriro Nigeria Limited, on Monday in Jos disclosed that they have so far invested over N8.4 billion in the Agbami Medical and Engineering Professional Scholarships (AMEPS) in…

Human rights lawyer, Femi Falana (SAN), on Tuesday, stated that the daily petrol consumption claim by the Minister of State for Petroleum Resources, Ibe Kachikwu, was untenable. In a letter to the minister entitled, ‘Request for information on fuel importation and sundry matters’, Falana explained that the Nigerian National Petroleum Corporation had in December 2017…

The International Monetary Fund (IMF) has predicted that Nigerian economy will grow from 0.8 per cent in 2017 to 2.1 per cent by the end 2018, while warning of possible crash in crude oil prices. According to its latest World Economic Outlook (WEO) Report launched in Washington DC on Tuesday, the Fund projected that Nigeria…

The Petroleum Technology Development Fund (PTDF), has called for the creation of a single national platform for the co-ordination of all collaborative activities in human capital development in the oil and Gas sector. The Executive Secretary of the Fund, Dr Bello Aliyu Gusau disclosed this in a statement issued by Mr Kalu Otisi, Head, Press…

The Group Executive Director, Finance and Account of the Nigerian National Petroleum Corporation (NNPC), Mr Isiaka Abdulrazak has disclosed that the corporation recorded a trading surplus of N250 billion in 2016. Abdulrazak said this in a quarterly publication of the NNPC, a copy of which was obtained by the News Agency of Nigeria (NAN) on…

By Oke Peter The National Engineering and Technical Company Limited on Friday announced that its profit before tax for the 2017 financial year dropped by 34 per cent to N3.26bn when compared with the previous year. NETCO, a subsidiary of the Nigerian National Petroleum Corporation, stated that the PBT decreased by 34 per cent when…

ExxonMobil has announced that production of liquefied natural gas (LNG) has safely resumed at the PNG LNG project in Papua New Guinea following a temporary shutdown of operations after a severe earthquake occurred in the region on Feb. 26. LNG exports are expected to resume soon. One train is currently operating at the LNG plant…

Total has pledged its support to create the United Nations Road Safety Trust Fund. As a founding member, Total will contribute $1 million to this prevention fund. Total’s pledge, under the scope of Total Foundation, is a contribution to achieve the United Nations Sustainable Development Goal which aims to halve the number of global deaths…

By Oke Peter The Department of Petroleum Resources (DPR) on Wednesday, accused oil marketers of using the name and logo of the Nigerian National Petroleum Corporation to cheat the public at the NNPC fillings stations by under-dispensing Premium Motor Spirit, popularly known as petrol. According to the DPR, such marketers must be cautioned by the…

MCEDD, the premier deepwater conference, continued on Tuesday afternoon and into today in Milan, Italy, with a timely mid-day keynote examination of the future of ultra-deep offshore activity, accompanied by a full slate of technical presentations on a variety of technical subjects. Following lunch on Tuesday, Total’s V.P. for Deepwater, Benoît Ludot, delivered a very…