Category: Oil & Gas

The Nigerian Extractive Transparency Initiative (NEITI) Executive Secretary, Waziri Adio, has disclosed that Nigeria’s oil revenue experienced a steep decline between 2011 and 2015.  Nigeria, he said, earned about $68.4billion from oil in 2011, and a paltry $24.7billion in 2015. According to a report by Downstreamview, he said the Nigerian National Petroleum Corporation (NNPC) was…

Chevron Nigeria Limited and its partners have invested $25m in various health development programmes across the country to fight AIDS, tuberculosis and malaria. A representative of the firms, Dr. Femi Pitan, disclosed this in a conference on Sustainable Financing to End Tuberculosis in Abuja recently. He said the provision of quality health care delivery was…

Following the partnership formed by GE and Noble Corporation Plc, the two companies have launched the world’s first digital drilling vessel, targeted to achieve 20 per cent operational expenditure reduction across the targeted equipment and improve drilling efficiency. This is a concrete step forward to unlock the immense potential of digital solutions for offshore drilling…

Pioneer Managing Director of the Nigerian National Petroleum Corporation (NNPC), Chief Festus Marinho, has expressed happiness seeing his dreams for the corporation come into fruition. Chief Marinho disclosed this during his visit to the corporation, even as he commended the management of the corporation, led by the Group Managing Director, Dr. Maikanti Baru, for emplacing…

The Nigerian National Petroleum Corporation (NNPC), has expressed its readiness to collaborate with the Nigerian Mining  and Geosciences Society (NMGS) towards growing the nation’s abundant hydrocarbon reserves. The Group Managing Director of the corporation, Dr Maikanti Baru, disclosed this shortly after being conferred with the honourary fellowship of the Society in Kano, on Tuesday. Dr…

The Nigerian National Petroleum Corporation (NNPC) has said that it would not relent in its quest to get the nation’s four refineries back to their optimal, nameplate capacities. Group Managing Director of the corporation, Dr Maikanti Baru, disclosed this shortly after receiving this year’s Man of the Year Award from Nigerian NewsDirect, a Lagos-based daily…

The Nigerian National Petroleum Corporation (NNPC) has disclosed its readiness to go paperless in its operations within the shortest possible time. NNPC Group Managing Director, Dr Maikanti Baru, gave the disclosure in Abuja, on Monday, during the inauguration of two committees: The Systems Applications and Products (SAP) Steering Committee (SC) and Group Process Council (GPC)….

OPEC for the first time is forecasting that new oil supplies from its rivals will exceed growth in demand this year as the U.S. industry thrives. The Organization of Petroleum Exporting Countries raised its expectation for supply growth from the U.S. and other producers for a fourth consecutive month, according to its monthly market report….