Shell Nigeria Exploration and Production Company (SNEPCo) delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017. Encouraged by its successful Exploration and Production (E&P) operations on the field, the company expanded the field with further drilling of wells in Bonga Phases 2 and […]
Shell Nigeria has granted loans worth N472 billion to 290 local contractors, vendors and suppliers under its Shell Contractor Support Fund. The oil company, while giving this hint today at the launching the 2018 Shell Nigeria Briefing Notes in Lagos, stated that the initiative aligned with the objective of the SCSP scheme. The SCSP was […]
The Nigerian National Petroleum Corporation (NNPC) has projected that over $25 billion investments would be attracted to the nation’s gas sector just as gas flare rate would be cut to the barest minimum within the next few years. The corporation’s Group Managing Director Corporation, Maikanti Baru, made these projections at the ongoing 50th Offshore Technology […]
The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it was spending N774 million daily as subsidy on the 50 million litres of Premium Motor Spirit (PMS) consumption nationwide. The corporation, which described the expenditure as under-recovery, attributed the daily cost to the proliferation of filling stations in communities located around land and coastal borders. […]
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, has projected that the remaining parts of the Petroleum Industry Bill would be passed before the end of June this year. Baru, who set the deadline at the 2018 Oloibiri Lecture Series and Energy Forum organised by the Society for Petroleum […]
The Nigerian Content Development and Monitoring Board (NCDMB) has provided a $200 million in the Nigerian Content Intervention Fund (NCIF) to support indigenous participation in the oil and gas sector.
The Federal Government yesterday commended Total Upstream Nigeria Limited’s (TUPNI’s) management for committing about USD16 billion (about N5.76 trillion) to the execution of the Egina project.