Daily Archives: March 1, 2018

Nigeria in final talks on refineries overhaul

  Nigeria’s state oil firm NNPC is in the final stages of talks with two consortiums that include top traders, energy majors and oil services companies to revamp its dilapidated refineries, sources familiar with the matter said. The move is aimed at helping Nigeria, Africa’s biggest crude oil producer, save billions of dollars on fuel […]

Despite Security Concerns, NNPC to Return to Lake Chad for Oil Exploration

  Notwithstanding the security concerns in the North-east, the Nigerian National Petroleum Corporation (NNPC) has said that it will return to the Lake Chad Basin in Borno State to continue the search for crude oil.   The Group Managing Director of NNPC, Dr. Maikanti Baru, disclosed this Wednesday, saying that with the release of the […]

Nigeria gas reserves up by 4.067tcf, says NNRC

Nigeria‘s natural gas re-serves have risen by 4.067 trillion cubic feet (tcf) from 187.998tcf in 2014 to 192.065tcf in 2015, the Nigerian Natural Resource Chapter (NNRC) has said.   In its “2017 Benchmarking Exercise Report” obtained by The Nation, the body said gas reserves in 2013 stood at 181.95 tcf, 182. 258tcf in 2012, 183.434tcf […]

Rivers community lauds NAOC for road project, drainages

  The joy of the people of Mgbede community in Ogba/Egbema/ Ndoni Council of Rivers State has known no bounds since the Nigerian Agip Oil Company Limited (NAOC) and its joint venture partners completed and commissioned a 1km asphalt road and drainage for the people. The road project was funded and constructed by NAOC, operators […]