Category: Oil & Gas
Baru reiterates commitment to support local investors, lauds Caverton Helicopters
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, has restated the corporation’s commitment to support indigenous companies operating in the oil and gas industry to grow to their fullest potential. The GMD who stated this in Lagos, on Thursday, at the official unveiling of 11 new helicopters to Caverton…
Kaduna Electric task force recovers 399 compromised meters
In its determination to stop energy theft, the management of Kaduna Electric has constituted an internal Joint Task Force (JTF) to fight the menace. Recently the JTF team visited customers under Kakuri Feeder and discovered about 399 meters that have been bypassed. The team covered Babna Dodo and Zango streets where only 30 customers tendered…
Report any sale of PMS above N145 —NNPC
By Energy Worth The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has called on Nigerians to report any infringement on the sales of the premium motor spirit (PMS) to the Department of Petroleum Resources (DPR) nearest to them. Baru says there is no reason for any marketer to the…
Nigeria’s Oil revenue slides to $24.7bn —NEITI
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, partners invest $25m in health programmes
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…
GE, Noble Corporation launch world’s first digital drilling vessel
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…
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…