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Nigeria, Sao Tome move to exploit 500m barrels of oil

A new production sharing contract (PSC) yesterday entered into by Nigeria, Sao Tome and Principe Joint Development Authority (JDA) and Total Nigeria Plc is to exploit over 500 million untapped barrels of crude oil in West Africa. Coming 18 years after an earlier treaty was struck, Total and major stakeholders from the two nations as […]
The post Nigeria, Sao Tome move to exploit 500m barrels of oil appeared first on The Guardian Nigeria News – Nigeria and World News. …

The Late 5: Children feared dead, others trapped in Lagos building collapse; Nigeria bans Boeing 737 Max 8 over Ethiopian Airlines crash | Other stories

The Late 5: Children feared dead, others trapped in Lagos building collapse; Nigeria bans Boeing 737 Max 8 over Ethiopian Airlines crash | Other stories

Here are the stories that drove conversation today: Nigeria bans Boeing 737 Max 8 over Ethiopian Airlines crash The Nigerian …
Read » The Late 5: Children feared dead, others trapped in Lagos building collapse; Nigeria bans Boeing 737 Max 8 over Ethiopian Airlines crash | Other stories on YNaija …

NNPC records N2.06b trading surplus

NNPC records N2.06b trading surplus

The Nigerian National Petroleum Corporation ( NNPC ) in November 2018 recorded a trading surplus of ₦2.06billion, which represented a laudable improvement of 116% over the previous month’s deficit of ₦12.66billion. This increase in performance month-on-month was primarily attributable to improved efficiency of the Nigerian Petroleum Development Company’s (NPDC) operations. The corporation’s Group General Manager, […] …

Oil marketers to shut down ALL loading operations by midnight

Oil marketers to shut down ALL loading operations by midnight

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has directed its members to shut down all loading operations by midnight. The association gave the directive in a statement
The post Oil marketers to shut down ALL loading operations by midnight appeared first on TheCable. …

No mass retirement plans – NNPC

No mass retirement plans – NNPC

Uche Usim, Abuja To calm frightened staff, the Nigerian National Petroleum Corporation (NNPC), on Wednesday, reiterated that there was no mass retirement plans in the establishment. Group Managing Director of the Corporation, Dr. Maikanti Baru, gave the assurance, on Wednesday, at a programme tagged ‘CS Connect’, organised by the Corporate Services Autonomous Business Units (ABU) […]
The post No mass retirement plans – NNPC appeared first on The Sun Nigeria. …

Military recovers N17m fuel from vandals

Military recovers N17m fuel from vandals

Philip Nwosu The Defence Headquarters has revealed about  120,000 liters of Premium Motor Spirit (PMS) valued at N17 million illegally siphoned from vandalised Nigerian National Petroleum Corporation (NNPC) pipelines have so far been recovered. The Director of Defence Information (DDI) Brig.-Gen. John Agim made the revelation in Lagos. He said operatives of the military attached […]
The post Military recovers N17m fuel from vandals appeared first on The Sun Nigeria. …

NNPC, BP sign PMS supply agreement

NNPC, BP sign PMS supply agreement

  Uche Usim, Abuja Moves to guarantee petrol availability nationwide and all-year-round was solidified, on Thursday, as the Nigerian National Petroleum Corporation (NNPC) has signed a six-month Direct Sale-Direct Purchase (DSDP) agreement with the British Petroleum’s (BP) trading arm, BP Oil International Limited, for the supply of Premium Motor Spirit, also known as petrol. This […]
The post NNPC, BP sign PMS supply agreement appeared first on The Sun Nigeria. …

NIDAS re-enters global oil shipping market

NIDAS re-enters global oil shipping market

Uche Usim, Abuja Seven years after falling out of reckoning in the global oil freighting trade, the Nigerian National Petroleum Corporation (NNPC), on Tuesday, announced the re-entry of its subsidiary, NIDAS Shipping Services, into the international shipment of crude oil and petroleum products. Consequently, NIDAS would optimise right of first refusal offer in the NNPC […]
The post NIDAS re-enters global oil shipping market appeared first on The Sun Nigeria. …

NNPC launches virtual gas pipeline system

NNPC launches virtual gas pipeline system

Uche Usim, Abuja A new vista in the optimisation of the nation’s vast gas resources has been opened with the execution of a novel contract between the Nigerian National Petroleum Corporation (NNPC) and a private firm for the activation of virtual gas pipeline network for power generation. The project, which would be facilitated through the […]
The post NNPC launches virtual gas pipeline system appeared first on The Sun Nigeria. …

Nigeria facing worrisome energy crisis – FG

I’ll revive Delta ports if elected —Agbajoh

Uche Usim, Abuja Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, on Monday, said there was an urgent need to evolve a sound industry blueprint to energy crisis the country currently faces. Speaking at the 11th Nigerian Gas Association (NGA) conference and exhibition in Abuja, Kachikwu, who was represented by his Senior Technical Adviser  on […]
The post Nigeria facing worrisome energy crisis – FG appeared first on The Sun Nigeria. …

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