By Ayobami Adedinni The Nigerian National Petroleum Corporation (NNPC) is set to list on the floors of the Nigerian Stock Exchange, (NSE) in order to fund its new projects which include the NNPC/NAOC JV Idu-Re-development, South Gas Project, North Gas Project and Central Gas Project. Maikanti Baru, group managing director of the corporation, made this…
Ahmadu-Kida Musa, deputy managing director, Deep Water, Total Upstream Nigeria Ltd., yesterday in Abuja, said the country must put in place sustainable Production Sharing Contract (PSC), and gas terms to drive continued investment in the nation’s deep offshore oil and gas sector. Speaking at the Nigerian Content seminar, as part of the ongoing Nigeria Oil…
Wider hybrid and electric vehicle (EV) adoption should support demand for cobalt and lithium, Fitch Ratings and CRU, a privately owned business intelligence company focusing on the global mining, metals and fertilizers markets, say. However, CRU expects demand for cobalt to be lower than many market participants’ expectations from 2025 onwards due to the faster…
Viper Innovations, a UK company specializing in maximizing the operational life of subsea controls and electrical distribution equipment, has appointed a new distributor to improve its service offering and share of the Nigerian offshore oil and gas market. Royal Niger Emerging Technologies Ltd, which is based in Port Harcourt, has more than 5 years’ experience…
SANUSI BARKINDO, SECRETARY general of the Organisation of Petroleum Exporting Countries (OPEC) has stated that there was a 268 million barrels drop in excess oil in the Organisation for Economic Co-operation and Development, (OECD) countries in 2017. The OECD is an intergovernmental economic organisation with 37 member countries, founded in 1961 to stimulate economic progress…