NIPCO Plc, a major Downstream operator which the Nigerian National Petroleum Corporation (NNPC) in a statement cited as one of the six major marketers which benefitted from NNPC cargo supplies, has confirmed the Company’s receipt of the Products from the Corporation. NIPCO, in a release this evening by its Chief Corporate Affairs Manager, Alh. Lawal Taofeek,…
By Oke Peter There are strong indications that President Muhammadu Buhari will meet with the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, at the Presidential Villa tonight over the lingering fuel scarcity. Details later…
*Dr Maikanti Baru, NNPC Group Managing Director. The Nigerian National Petroleum Corporation (NNPC) has intensified efforts to flood the market with Premium Motor Spirit (PMS), otherwise called petrol, and other products. Already, six major marketers: Total, Forte Oil, Oando Plc, MRS, 11 Plc and Nipco Plc, are now loading products round the clock from their various…
The Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, and three other senior engineers with Shell companies in Nigeria have been conferred with the fellowship of The Nigerian Society of Engineers, the highest professional recognition in engineering practice in Nigeria. The three others are SNEPCo’s Engineering Manager, Debo Oladunjoye; Projects Delivery…
Eni has signed a Petroleum Agreement (PA) with the Moroccan State Company ONHYM to enter into the Tarfaya Offshore Shallow exploration permits I-XII, located in the waters of the Atlantic Ocean offshore the cities of Sidi Ifni, Tan Tan and Tarfaya. Following the agreement, which is subject to the authorization of the Moroccan authorities, Eni…
By Energy Worth The Nigerian National Petroleum Corporation (NNPC), on Thursday, disclosed that it can now account for every barrel of crude oil sold from Nigeria, because it has achieved a 98 per cent automation of all transactions involving the supply, marketing and sale of the various grades and blends of the country’s oil across…
By Energy Worth The Minister of Information, Lai Mohammed, on Thursday, in Abuja, said both the Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC) were working assiduously to put paid to the lingering fuel shortage ravaging the country. Mohammed made the submission while responding to a question on government decision on the…
By Oke Peter Nigeria’s first project-financed independent power plant – the 459 megawatts (MW) capacity Azura-Edo power plant wednesday started generating electricity to the national grid, following the successful completion of the first-fire on one of its generation turbines – the 153MW GT-11, and subsequent synchronisation of same to the national grid by the Transmission…
Energy Worth with Agency Report A judge in Milan, Italy, has ordered Royal Dutch Shell and Italian energy giant, Eni, to stand trial in Italy over allegations of bribery and corruption in the 2011 purchase of Oil Prospecting Lease (OPL) 245 from Malabu Oil in Nigeria. The judge also ordered the other key figures such…
The recently approved contract for the construction of Ajaokuta-Abuja-Kaduna-Kano Gas Pipeline project, dubbed AKK Pipeline, has started yielding early benefits with the commitment by NNPC to build power generating plants with combined capacity of 4600 megawatts in Abuja, Kaduna and Kano States. The NNPC’s Group Managing Director, Dr. Maikanti Baru, who disclosed this during a…
