Ugo Amadi, Business Editor
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said Oil production from deep-water acreages, carried out through the production sharing contract (PSC), accounts for 41% of Nigeria’s total oil production.
Ugo Amadi, Business Editor
The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) in China with the China National Offshore Oil Corporation (CNOOC) towards developing Nigeria’s oilfield services as well as boosting research and development in the oil and gas industry.
The Nigerian National Petroleum Corporation will establish two condensate refineries with a total refining capacity of 200,000 barrels per day at Western Forcados Area and Assah North Ohaji South (ANOH) Areas of Delta and Imo State respectively.
The Federal Government has been urged to set a definite timeline for the commencement of the implementation of the Petroleum Industry Governance Bill (PIGB) once President Muhammadu Buhari assets to it and it becomes a law.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has charged members of the Joint Management Committee (JMC) of the Nagarjuna Fertilizer Project to work hard to achieve early Final Investment Decision (FID) for eventual take-off of the project.
China National Offshore Oil Corporation (CNOOC) has expressed readiness to invest additional $3billion in its existing stakes in offshore oil and gas operations in Nigerian.
MT Sahara Gas, the newly-built vessel acquired by the West Africa Gas Limited (WAGL), has delivered 7,000 metric tons of Liquefied Natural Gas (LPG) in its historic maiden voyage to Nigeria to boost availability and safe access to the commodity widely referred to as cooking gas.
… Disowns social media depiction of ‘leaking NNPC retail truck’ in motion
NNPC Retail Limited, the downstream subsidiary of the Nigerian National Petroleum Corporation, with stake in supply and distribution of petroleum products has embarked on nationwide audit of its field operation to ensure all delisted trucks are in compliance with the requirement to remove the company’s logo and other brand attributes.
L-R; Managing Director, Shell Petroleum Development Company and Country Chair, Shell Companies in Nigeria, Osagie Okunbor; Secretary-General of OPEC, Mohammed Barkindo; Executive Secretary, Nigeria Content Development and Monitoring Board, Simbi Wabote; Group Managing Director, Nigeria National Petroleum Corporation, Maikanti Baru; and the Minister of State for Petroleum Resources, Emmanuel Kachikwu, during an inspection of Shell stand at opening ceremony of the Nigeria Oil and Gas Conference and Exhibition in Abuja… on Tuesday.
Gas supply to power hits 2-yr high
The Nigerian National Petroleum Corporation (NNPC) is set to hit the Capital market to fund its new projects which include the NNPC/NAOC JV Idu-Re-development, South Gas Project, North Gas Project and Central Gas Project.
..Slump in oil prices, an opportunity for growth -Baru
The Nigerian National Petroleum Corporation (NNPC) has outlined plans to attract private investments, ensure sustainable development and spur growth in the nation’s Oil and Gas Industry.