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Tuesday, June 2, 2020

NNPC re-states commitment on $12bn Trans-Saharan Gas Pipeline project

28 March 2017, Naija247news, Abuja – The Nigerian National Petroleum Corporation, NNPC, has re-stated Nigeria’s commitment to the successful execution of the $12 billion Trans-Saharan Gas Pipeline project, TSGP, as it assured that the project was on track. The Group Managing Director of the NNPC,...

We never stole NNPC products — MRS

Oil firm, MRS Limited has absolved itself from allegations that it expropriated petroleum products belonging to the Nigerian National Petroleum Corporation (NNPC). NNPC’s Group General Manager, Group Public Affairs Division,  Ndu Ughamadu, quoted the Chief Operating Officer, Downstream, NNPC, Mr. Henry Ikem-Obih, as saying that...

Seven Energy Appoints Manish Maheshwari as CEO

London, Lagos, 29 March 2017: Seven Energy Finance Limited, with its parent company Seven Energy International Limited (“Seven Energy” or the “Group”), the leading integrated gas company in south east Nigeria, with upstream oil and gas interests in the region, is pleased to announce the...

Crude Swap: AITEO Settles NNPC’s $202 Million Outstanding Obligations

By Joseph Afam Lagos Nigeria, (March 27, 2017, Naija247news) In line with its pledge to provide members of the public with periodic updates on its recovery efforts for crude swap under deliveries, the Nigerian National Petroleum Corporation (NNPC) is pleased to confirm that it has...

Nigeria to curb oil theft by transforming illegal refiners to shareholders of proposed modular refineries

Local “illegal” refiners in the oil-producing communities maybe co-opted as shareholders in the Federal Government’s proposed modular refineries, a presidency source has disclosed. The source who preferred to remain anonymous said the Presidency and the Nigeria Sovereign Investment Agency (NSIA) are collaborating to realize...

Delta State Govt woos Dangote to invest in State’s gas resources

Multi-sector industrialist and richest man in Africa, Aliko Dangote, has been urged to invest in Delta State's abundant gas resources to boost Nigeria's economy. Delra State Governor Ifeanyi Okowa made the call weekend in Asaba at the commissioning of an ultra-modern office complex of Chinedu...

Oil Cleanup: Kachikwu Assures Abia Residents Of Kick Off

The Minister for petroleum, Ibe Kachikwu has commended the state government and the people of Abia, for sustaining peace in Ukwa West Local Government Area especially in Owaza, where oil exploration started in 1958. The minister who was responding to the people’s agitation during the...

$184m crude swap: NNPC reaches agreement with Taleveras, two others

The Nigerian National Petroleum Corporation(NNPC) yesterday said it has reached a settlement agreement with Taleveras Group of Companied and two other companies involved in the $184 million crude oil swap. The others are AITEO Energy Resource Limited, Ontario Oil. NNPC commended Taleveras and other companies involved...

NNPC says to recover $184 mln in crude swap under-deliveries

ABUJA, March 24  - Nigeria's state oil company said on Friday it was set to recover $184 million in crude oil swap under-deliveries recorded against three oil companies during the now defunct crude for product swap system. Last year the OPEC producer replaced crude oil...

Shell to start cleaning up 2008 Nigeria oil spills in April, says official

LONDON, March 24 (Reuters) - The head of a group helping organise Shell's clean-up efforts in an oil Delta community in Nigeria said on Friday he was hopeful clean-up work after two spills in 2008 could start in April. Royal Dutch Shell agreed in 2015...