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Kachikwu charges ExxonMobil to do more

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has charged ExxonMobil Nigeria to do more in the country. This was stated in his visit to the ERHA FPSO on April 13, operated by ExxonMobil Nigeria. According to Vanguard, the Ministry of Petroleum Resources sent a statement that the visit was targeted at enhancing the

NNPC pays $1.5bn to IOCs, reduce cash call debt to $3.5bn

The Nigerian National Petroleum Corporation (NNPC) says it has reduced cash call arrears owed to international oil companies, its Joint Venture partners, to $3.5bn. The corporation previously had cash call arrears of $5.1bn and paid $1.5bn recently. The Group Managing Director of the NNPC, Dr. Maikanti Baru disclosed this in Abuja, at the 12th

Aker Energy announces $4.5 million capacity-building support in Ghana

Aker Energy has pledged $4.5 million in support for the Accelerated Oil and Gas Capacity-Building (AOGC) program in Ghana. The program is designed to enhance the competencies and expertise of Ghanaians in the oil and gas sector. The AOGC program is the latest phase of several capacity-building initiatives in Ghana. The Petroleum Commission-led

SOAN inaugurates new executive council

The Ship Owners Association of Nigeria (SOAN), comprising of ship owning companies with proven track records of active participation in the maritime industry, has inaugurated its newly elected Executive Council members on Friday night. The association last month elected the new executive members, to run the association for the next two years.

Kachikwu acknowledges Falana’s query letter on $60bn oil revenue loss

Dr. Ibe Kachikwu, The Minister of State for Petroleum Resources, has acknowledged the receipt of Mr. Femi Falana’s query letter sent to the minister’s office. Human rights lawyer and Senior Advocate of Nigeria (SAN), Mr. Femi Falana, had sent a letter to the Ministry of Petroleum Resources with a seven days ultimatum to account for alleged $60


Stock Watch

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Video: Natural Gas Composition

Our video for last week focused on the Liquefied Natural Gas. This week’s video focuses on the

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Oil Tips

Oil blocks in Nigeria

As one of the world’s leading crude oil depot, Nigeria has a good number of oil blocks in the country. Crude oil

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