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Tag Archives: NNPC

Marginal fields: Interest rate pushing local investors to offshore loans

Kachikwu-vs-Maikanti-2

Prospective local investors wishing to be part of the planned marginal oil fields bid rounds billed for next year, have started making contacts with foreign financial services firms for access ...

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SNEPCo sees good future on Nigeria’s deepwater explorations

Shell SNEPCo

Leading investor in Nigeria’s deepwater oil and gas giant, Shell Nigeria Exploration and Production Company (SNEPCo), has reviewed the industry’s 2017 outlook and said deepwater space in Nigeria’s petroleum industry ...

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OPEC deepens Nigeria’s economic recovery by staying oil cut exemption

OPEC Ibe kachukwu

A star indications that Nigeria’s economy is set to sustain recovery from recession emerged Friday following the meeting of the Joint Ministerial Monitoring Committee of the Organisation of Petroleum Exporting ...

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Desperation forces FG to begin oil search in Sokoto basin

Sokoto oil

As part of the strategic efforts of the federal government and northern leaders to force the region into the league of oil economy at all cost, the Nigerian National Petroleum ...

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Crude production freeze imminent as Nigeria crosses OPEC’s 1.8mbpd limit

OPEC Ibe kachukwu

The Nigerian National Petroleum Corporation (NNPC) is now stocked between two challenges. Details from OPEC report, released weekend said Nigeria’s crude oil production has consistently increased from the 1.511 million ...

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Again, NNPC makes U-Turn on planned sale to repairs of 3 refineries

NNPC Maikanti Baru

A close surveillance on the official utterances of the Nigerian National Petroleum Corporation (NNPC) on its plans for the three ageing refineries since this has shown policy summersaults for three ...

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Fear of N’Delta hostilities hanging planned licensing of marginal oil fields

Buahri yemi 55

Signals emerged Tuesday in Abuja that the planned oil blocs licensing rounds for marginal oil fields by the federal government may have been boxed to a tight corner due to ...

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Shell lights up Lagos, inks $300m gas saturation understanding with firm

Shell Logo

Indications that crash of high price and associated scarcity of natural gas around Lagos have emerged as Royal Dutch Shell has sealed a deal with Shoreline Energy Group to develop, ...

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Over half of nation’s daily oil production lost to militancy—Minister

militants-and-buhari

Contrary to speculations that attacks on oil installations have waned, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has traced loss of more than 54 per cent of ...

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Fresh indices point to chances of selling nonperforming refineries by NNPC

Ibe K

The growing show of poor performance by refurbished refineries has become a leeway for the Nigerian National Petroleum Corporation (NNPC) to continue to press for their sales to private operators. ...

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