Category: Oil & Gas
NNPC has achieved beyond expectation —Marinho, first NNPC CEO …Commends Baru’s leadership style
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…
CNOOC’s Weizhou 6-13 Oilfield commences production
The oil and gas giant, CNOOC Limited announced today that Weizhou 6-13 oilfield has commenced production ahead of schedule. Weizhou 6-13 oilfield is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35 meters. In addition to fully utilizing the existing facilities of Weizhou 12-1 oilfield, the project…
NNPC, Mining Society partner to grow Nigeria’s crude oil reserves …As Baru bags NMGS Honourary Fellowship
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…
Our refineries will begin operation soon —NNPC …As Corporation’s GMD bags Nigerian NewsDirect Man of the Year Award
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…
NNPC primed to go paperless soon, says Baru
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 acknowledges scale of shale boom as supply outstrips demand
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….
Shell, Eni misled Nigeria on oil spills —Amnesty Int’l
Royal Dutch Shell Plc and Eni SpA may have misled regulators in Nigeria by wrongly attributing oil spills to theft and sabotage in order to avoid paying compensation to affected communities, rights group Amnesty International said. “Amnesty International researchers have identified that at least 89 spills may have been wrongly labeled as theft or sabotage…
6th Joint IEA-IEF-OPEC workshop: Experts to discuss physical, financial energy markets
The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organisation of the Petroleum Exporting Countries (OPEC) met today at the OPEC Secretariat in Vienna, Austria, to participate in the 6th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets. The high-level meeting was co-chaired by OPEC Secretary General, Mr Mohammad…
NEITI urges more transparency in oil, gas industry
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said even though financial accountability has improved, the Nigerian National Petroleum Corporation (NNPC) still hasn’t explained billions of dollars of missing revenue. While energy producers have cooperated and complied with requirements to publish payments, NEITI has struggled with the state-owned NNPC, Executive Secretary of NEITI, Waziri Adio,…
NNPC delivers gas equivalent of 3,342MW —Reports
The Nigerian National Petroleum Corporation (NNPC), has disclosed that a total of 828 million standard cubic feet, mscf of gas per day was delivered to the gas-fired power plants in December 2017. This, the corporation said, enabled the power plants to generate an average of 3,342 Mega Watts, MW, a modest 11.4% increase over the…