NNPC gas master plan about to bring needed succour to power sector’
The optimism is driven by the imminent completion of the Obiafu/Obrikon-Oben (OB3) gas transmission pipeline system currently being developed by NNPC and its Indigenous EPC contractor companies.
Uncertainty over N4.314tr revenue from marginal fields
The nation’s plan to earn additional $14.100 billion (N4.314 trillion) from 300 million barrels of crude oil is uncertain as licensed marginal fields...
CypherCrescent, CHPED launch technology research for oil sector
CypherCrescent relies on its strength in advanced computing, applied mathematics, in-depth research in petroleum engineering and geosciences to deliver cutting-edge business-intelligence solutions to the global oil and gas industry.
Fashola gives condition for establishment of mini grids
Minister of Power, Works and Housing, Babatunde Fashola, has given details of requirements for the establishment of mini grids to be met by potential investors as he launched the mini grid regulations.
EFCC recovers N329b from major oil marketers
The Economic and Financial Crimes Commission (EFCC) recovered about N329 billion from major oil marketers in one year, from July 2016 to July 2017. The Northwest Head of Operations of the Commission...
NNPC, others unveil strategies to cope with oil price volatility
For the last 40 years, oil has been a volatile commodity that has had many peaks and troughs, and over the years, the petroleum industry has become much more sophisticated in how it handles the downturns.
‘Joint Venture agreement to boost Nigeria’s oil revenue by N9.15 trillion’
The Nigerian National Petroleum Corporation (NNPC) has said that four major investments embarked upon with key upstream Joint Venture partners will provide incremental revenue to the national treasury by over $30 billion (N9.15 trillion) within the next 10 years.
MAN Oron partners NNPC, others on capacity building for seafarers
The Maritime Academy of Nigeria (MAN), Oron, has signed a partmenrship agreement with the Nigerian National Petroleum Corporation (NNPC) and other oil firms in the country for the training of seafarers from the Niger Delta region.