The Petroleum Technology Association of Nigeria (PETAN) has announced the launch of the inaugural West African International Petroleum Exhibition and Conference (WAIPEC) taking place 21-23rd February 2017 at the Eko Convention Centre, Lagos, Nigeria.
Nigeria’s oil production capacity now stands at about 1.9 million barrels per day, the Minister of Petroleum Resources, Mr. Emmanuel Ibe Kachikwu said last week.
Baru unfolded his 12-point agenda to include: Creating an all-inclusive internal advisory council on security comprising representatives from NNPC, the IOCs, the Unions and Security Operatives to brainstorm and address host community agitations to complement efforts of the Government Security Team.
Oando, Nigeria’s indigenous energy group has announced a $210 million recapitalization of its downstream operations by HV Investments II B.V., (“HVI”), a joint venture owned by Helios Investment Partners and the Vitol Group, (together, the “Consortium”).
The Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture is producing more gas from Agbada field in the Eastern Niger Delta in support of government’s aspiration of increasing domestic gas production for manufacturing and power generation.
The Nigerian National Petroleum Corporation (NNPC) has assured of sufficient supply of premium motor spirit (petrol) as it has taken delivery of four more cargoes of the product over the weekend to keep the country wet.
Nigeria’s largest refinery, the Kaduna Refining and Petrochemical Company, KRPC, will from today, Tuesday, December 22, supply an additional of fuel to the domestic market.
The minister of state for petroleum, Mr. Ibe Kachiukwu, has replaced Mrs. Diezani Alison-Madueke as the conference president of the Organisation of Petroleum Exporting Countries (OPEC).
Forte Oil Plc, one of the foremost indigenous petroleum marketing company listed on the Nigerian Stock Exchange, has informed the Exchange of the appointment of Mr. Anil Dua as a Non-Executive Director in the company.
There are indications that the Federal Government is now working out possibilities to exempt some of its agencies, including the Nigerian National Petroleum Corporation (NNPC), from the Treasury Single Account (TSA) policy on account of the nature of their operations.