The Nigerian National Petroleum Corporation has signed two key agreements with the Nigerian Content Development and Monitoring Board, Brass Fertilizer and Petrochemical Company Limited and DSV Engineering for the construction of a methanol plant and a gas processing plant in Odeama, Brass, Bayelsa State.
The Nigerian National Petroleum Corporation (NNPC) NNPC says it can no longer afford to bear the N120 billion monthly subsidy cost it expends on Premium Motor Spirit (PMS) popularly known as petrol, saying Nigerians would have to pay the actual cost sooner or later.
Stakeholders have expressed mixed reactions over the Federal Government’s approval of the sum of $1.5billion, for Port Harcourt refinery rehabilitation.
Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent observed that some filling stations in Lagos and Ogun states increased the pump price of petrol to N170 per litre on Tuesday from N162 per litre. Some of the stations were Capital Oil and Gas, Fatgbems and…
The world’s largest Shelf drilling jack-up drilling contractor will receive a jack up rig Maersk Completer from Maersk drilling. Shelf Drilling is set to take over by 2020.
The Nigerian National Petroleum Corporation, NNPC, has recently signed a Funding and Technical Services Agreement with CMES-OMS Petroleum Development Company, CPDC, at the rate of $875.75 million alternative financing deal for the Nigerian Petroleum Development Company, NPDC-operated Oil Mining Lease, OML, 65. Group Managing Director, Mele Kyar.
This is to remind oil and gas enthusiasts on the S&P Global Platts 13th annual European refining and petrochemicals summit is set the hold on starting from the 18th to the 19th of September 2019.
Weatherford and Equinor have signed the largest liner hanger frame agreement ever signed by the company, which is and a whopping price of $80 million.
Texas billionaire Hildebrand of Hilcorp Energy is purchasing a group of old wells and pipelines from BP Plc for the price of $5.6 billion as the oil guru pursues fast-growing shale productions that have transformed global energy markets for over 10 years. Although these oil wells in Alaska have been in decline.
Nigeria recently replaced Venezuela to become the third-biggest oil supplier to India in July, hence improving its ranking.