The Nigerian National Petroleum Corporation (NNPC) has said that Nigeria’s effort to reduce debt owed to its foreign oil partners is progressing well and helping the country to bolster exploration and production. NNPC’s Group Managing Director, Maikanti Baru, in a statement, said: “So far, we have repaid over $1.5 billion out of the $5.1 billion…
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has urged ExxonMobil and other International Oil Companies operating in Nigeria, to key into the gas commercialization policy of government for gas development in the country.
To bridge the gap in quality of workforce in the oil and gas sector and economic growth, the Oil and Gas Trainers Association of Nigeria, in collaboration with Nigerian Content Development and Monitoring Board has concluded arrangements ....
The presidential directive to the Nigerian Petroleum Development Company Limited (NPDC) to takeover operation of the entire Oil Mining Lease (OML) 11 from Petroleum Development Company (SPDC) has been denounced by the Ogoni people.
Increased production by Nigeria and Iraq above the agreed quota by members of the Organisation of the Petroleum Exporting Countries (OPEC), in February, saw compliance level hitting 79 per cent last month, three per cent above January’s 76 per cent.
Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who doubles as the President of APPO recently said the organisation would mobilise $2 billion fund to aid continental synergy that would ensue sustainable development of hydrocarbon in Africa.
The dominance of the Organisation of Petroleum Exporting Countries (OPEC), particularly in stabilising oil price globally, is coming under serious threat following works on the No Oil Producing and Exporting Cartels (NOPEC) bill by United States lawmakers.