Minister of State Power, Mr Goddy Jedy-Agba, says the Federal Government will collaborate with Norway to boost power supply in the country. Jedy –Agba said this in Abuja on Monday when the Royal Norwegian Ambassador, Mr Jens–Petter Kjemprud, visited the Ministry of Power in Abuja on Monday. He said that Norway was a positive power…
French oil major, Total, says it has completed the acquisition of Anadarko’s 26.5 per cent stake in Mozambique’s Liquefied Natural Gas (LNG) project for $3.9 billion. Total Chairman and Chief Executive Officer, Patrick Pouyanne, said in Paris that it acquired the stake because “Mozambique LNG is a one of a kind asset that perfectly fits…
… Commission Development Projects in Kula Kingdom The Federal Government would leave no stone unturned in the efforts to bring about lasting peace and security in the nation’s oil producing host communities and the entire Niger Delta region. The Minister of State for Petroleum Resources, Chief Timipre Sylva and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam…
. Announces N254bn turnover, N1.58bn pat for 2018 A leading downstream oil company, NIPCO Plc, has declared N254 billion turnovers and a profit after tax of N1.58 billion for 2018 financial year just as it deepened its petroleum products outlets expansion and doubled its Liquefied Petroleum Gas (LPG) market share in Nigeria. Company Chairman, Chief…
Chief Timipre Sylva, Minister of State for Petroleum Resources, has called for a change of strategy from agitations in the Niger Delta to maximise the interventions in the region. Sylva made the call on Saturday during a visit to OML-25 Flow Station at Belema Community, Akuku-Toru Local Government Area of Rivers. He said that the…
Rivers State Governor, Nyesom Ezenwo Wike has disclosed that the Rivers State Government has fully acquired Shell Petroleum Development Company of Nigeria, SPDC’s, 45% interest in Oil Mining Lease (OML) 11 situated in Ejama Ebubu community in Eleme Local Government Area and the adjoining Ogoni and other communities of the state. When contacted, the spokesman…
The Council of Ethnic Youth Leaders of Nigeria has filed a suit at the Federal High Court Abuja against Shell Petroleum Development Company over alleged missing N5trn oil revenue. The group, in the suit, alleged that Nigeria has lost huge revenue due to what it described as “illicit activities of Shell at the Forcados and…
Rivers State Governor, Nyesom Ezenwo Wike, has charged oil companies operating in the state, to respect the memorandum of understanding signed with host communities, to ensure peaceful and productive operations. The Governor gave the charge during a courtesy visit by the Minister of State for Petroleum Resources, Chief Timipre Sylva, the Group Managing Director of Nigerian…
Petrochina said on Sunday that certified, newly added proven shale gas geological reserves at Changning-Weiyuan and Taiyang blocks in the Sichuan basin totaled 740.97 billion cubic metres. China’s state-run energy producers are raising spending on domestic oil and gas drilling to a multi-year high this year, answering Beijing’s call to boost energy supply security as…
Total said it closed the acquisition of Anadarko’s 26.5 per cent operated interest in the Mozambique LNG project for US$3.9 billion. This follows Total reached a binding agreement with Occidental in May this year to acquire Anadarko’s assets in Africa (Mozambique, Algeria, Ghana and South Africa) and signed the subsequent Purchase and Sale Agreement in…