Archives for Oil and Gas - Page 44
Oil, Gas Sector Offers Nigeria $48 Billion Investment Opportunities — Baru
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says that over 48 billion dollars investment opportunities are in the Nigerian oil and…
Oil Slips Away From 2019 Highs As Surging US Supply Undermines OPEC Cuts
Oil prices slipped away from 2019 highs on Wednesday, with surging supply and slowing economic growth tempering upward pressure from supply cuts led by producer club…
IPMAN Ignores Directive To Sell Petrol At N140 pet Litre
By Ngozi Onyeakusi --- The leadership of Independent Petroleum Marketers Association of Nigeria, IPMAN, has dismissed media report that it had directed its members to sell petrol…
Benue Is NNPC’S Next Oil Driling Destination, Says Buhari
President Muhammadu Buhari has announced that the Nigerian National Petroleum Corporation, NNPC, will soon commence drilling for a deeper search for oil and gas in the Benue…
Oil Prices Rise On Saudi Cuts To US, Venezuela Struggles To Keep Up Exports
Oil prices rose for a third day on Thursday pushed up by lower imports into the United States amid OPEC efforts to tighten the market as well as…
NNPC Strikes $8.441 Billion Joint Venture Deals With SEEPCO, Shell, Agip, Others To Develop Oil Leases, Boosts Gas Production
In an effort to further consolidate the revenue profile of the Nigeria National Petroleum Corporation (NNPC), the Group Managing Director (GMD) Dr. Maikanti Baru and his management…
NNPC Is A Mafia Organization , I’ll Privatize It – Atiku
The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, said on Wednesday that he would privatise the Nigerian National Petroleum Corporation if elected, describing the state-owned oil…
Cabotage: NCDMB Develops Five-year Vessel Demand Profile For Oil, Gas Operations
The Nigerian Content Development and Monitoring Board (NCDMB) in partnership with key stakeholders have developed a five-year vessel demand profile for oil and gas operations in the…
Nigeria Loses Over N244.8bn to breaches in Forcados pipeline – NNPC
The Nigerian National Petroleum Corporation said on Tuesday that over $800m () had been lost to breaches in the Trans Forcados Pipeline, one of the nation’s key…
Subsidy Debt: Pay Us Now Or Face Industrial Action in 7 Day, Oil Marketers Tells FG
Oil marketers have issued a seven-day ultimatum to the Federal Government for the payment of all outstanding subsidy debts, including foreign exchange differentials and interest rate…