NNPC to engage financial advisors on strategies for alternative JV funding

The Nigerian National Petroleum Corporation (NNPC) has disclosed in its January financial and production report that it was making efforts to engage financial advisors to...

FG deploys warships, gunboats, fighter jets to N-Delta as NDA warns of bloodier attacks

The federal government, yesterday, deployed an armada of five warships, 100 gunboats and fighter jets to the creeks of the Niger Delta, in response...

Nexans to supply cables for TOTAL’s Egina FPSO

Nexans has been selected to be the unique supplier of cabling to Samsung Heavy Industries', turnkey contractor for TOTAL's Egina FPSO. The contract awarded...

Subsidiaries of NNPC now profit-oriented, efficiency-driven – Yakubu

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, has said that most of the corporation’s Strategic Business...

PIB will increase offshore opportunities — Avuru

Austin Avuru, MD/CEO Seplat Petroleum Development Company Plc, says the passage of the Petroleum Industry Bill (PIB) will herald a new vista of opportunity...

DPR licenses EMC for satellite services

The Department of Petroleum Resource (DPR) has given approval to Emerging Markets Communications, Incorporated (EMC) to provide satellite and terrestrial connectivity services directly to...

Militants blow up Agip oil pipeline in Bayelsa – NSCDC

The Nigeria Security and Civil Defence Corps (NSCDC) has said that attackers blew up an oil pipeline in Nigeria's southern Bayelsa state operated by...

NNPC wins Reuters’ award for $1.2bn oil well financing deal

The Joint Finance Team of the Nigerian National Petroleum Corporation (NNPC) and its Joint Venture Partners, Chevron Nigeria Limited, were yesterday, named the winner...

Nigeria, Libya oil decline, fuels global changes

Decline in oil production of about 600,000 barrels per day in Nigeria and some member countries of the Organisation of Petroleum Exporting Countries (OPEC),...

Shell bosses allegedly knew OPL 245 money could be used for political bribes

New evidence has reportedly emerged during the corruption probe into Shell's acquisition of the OPL 245 oil field off the coast of Nigeria, indicating...

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