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NNPC, others sign methanol, gas projects agreements

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.

N120bn fuel subsidy unsustainable, NNPC says

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.

Depots suffer as marketers raise petrol price

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…

NNPC seals financing deal worth $838m

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.

S&P Global Platt’s 13th Annual Summit 2019.

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.

Hilcorp Energy set to purchase oil wells in Alaska

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.
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