February 8, 2025
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Home Posts tagged petroleum (Page 3)
nnpc pipelines
Business

2.3m daily crude oil production is achievable

Ihesiulo Grace 0
The Nigerian National Petroleum Corporation (NNPC) has said the Federal Government’s 2.3 million barrels per day (bpd) crude oil projection for the 2018 budget is achievable. The NNPC Group General Manager, Corporate Planning and Strategy, Mr. Bala Wunti, said in Abuja that the projection is realistic. A statement by Group General Manager Public Affairs Division […]
NNPC)
Business

NNPC, Chevron wrap up $1.7bn deal

Ihesiulo Grace 0
….Set to increase crude production by 39000 bp/d Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL)have executed the second and final phase of an Alternative Financing Agreement. A statement signed by the Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, on Sunday, in Abuja, said the agreement was signed in London,
NNPC
News

NNPC intensifies oil search in Benue

Ihesiulo Grace 0
Following the flag-off of oil search on the Nasarawa State end of the Benue Trough last week, the Nigerian National Petroleum Corporation (NNPC) has commenced move to mobilize for oil exploration in the Benue State sector of the Benue Trough. The Group Managing Director of NNPC, Dr. Maikanti Kacalla Baru, who led a high-powered delegation […]
carbon
Energy News

NNPC to establish N65million biofuel plant in Ondo

Ihesiulo Grace 0
In its commitment to ensure unimpeded supply of petroleum products and safeguard the environment through reduction of carbon emission, the Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65 million litres per annum biofuel plant in Okeluse, Ondo State. Speaking when the Governor
Kachikwu
Opinion

Kachikwu and NNPC management imbroglio

Ihesiulo Grace 0
IT transpired recently, that an official memorandum by Dr. Ibe Kachikwu, Minister of State for Petroleum Resources, to President Muhammadu Buhari, who is also the substantive Minister of Petroleum Resources, was leaked to the public. Whoever leaked the memo is not of interest to this writer because, if the author of the memo, the Minister […]
News

Tanker drivers restate commitment to value chain

Ihesiulo Grace 0
Petroleum Tanker Drivers Union (PTD) of the National Union of Petroleum and Natural Gas Workers (NUPENG) has pledged to sustain the free flow of petroleum products as their commitment to the value chain. National Chairman, PTD branch, NUPENG‎, Sulaiman Oladiti‎ fielding questions from journalists in Lagos stressed the role of tanker drivers in the value […]
Business News

Collaboration’ll reduce cost of doing business

Ihesiulo Grace 0
The Managing Director, National Engineering Technical Company (NETCO), SikyAliyu, stated that collaboration among service companies in the country will help to bring down the cost of doing business. It can reduce cost of doing business if investors start establishing companies and also will bring about employment generation. Aliyu stated this at the recent West African
Politics

2019: What Buhari Would Do for APC- Duhu

Ihesiulo Grace 0
Dr Umar Duhu is the immediate past Interim National Vice Chairman of the All Progressive Congress (APC) in the North- East. He was instrumental to the establishment of APC structures in the North East states. In this interview with SUNDAY ISUWA, the former ANPP Chairman in FCT and Adamawa State explained why he woo Vice Admiral […]
Economy Oil & Gas

FG Confident of PIB Passage before May 29

Ihesiulo Grace 0
The Federal Government has expressed confidence that the Petroleum Industry Bill, (PIB), before the National Assembly will be passed before the end of the current political dispensation which terminates by May 29. Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke who was represented by Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mr.
Oil & Gas

US February Petroleum Demand Highest since 2008

Ihesiulo Grace 0
Total U.S. petroleum deliveries (a measure of demand) rose 1.5 percent from February 2014 to average 19.3 million barrels per day. This was the highest February demand since 2008.“Greater demand for gasoline and jet fuel and a colder-than-usual February brought total February deliveries back to pre-recession levels,” said API Chief Economist John Felmy. “At the […]