Category: Energy/Power

Nigerian Govt, Agip Partner On National Oil Contingency Plan

Nigeria Agip Oil Company (NAOC) and the federal government have concluded preparations to activate a National Oil Spill Contingency Plan (NOSCP). Director-General of National Oil Spill Detection and Response Agency (NOSDRA), Peter Idabor said the NOSCP would take care of oil spill management in the Nigerian environment, as well as the responsibility of ensuring timely,…

Nigeria’s Brent Crude Crosses $72 Mark, Production Hits 1.81mbpd

Nigeria’s Bonny Light crude oil price touched it’s highest since 2014 at the weekend, supported by Organisation of the Petroleum Exporting Countries (OPEC) led production cuts, and likelihood of the United States taking military action in Syria increases. Besides, Nigeria’s crude oil production increased from 1.792mbpd in February to 1.810 mbpd in March.OPEC and allies…

[Nigeria] NNPC to support local investors on advancement of technology

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the corporation was committed to supporting local investors towards growing the engineering profession, even as he noted that this would in turn ensure technological advancement of the nation’s oil and gas industry. Dr. Baru disclosed this while speaking…

Total, workers face-off threatens 200,000 b/d oil production

French oil firm Total is currently engaged in a “fierce battle” with senior Nigerian employees of the company which is now threatening the company’s crude oil production of over 200,000 barrels per day, TheCable Petrobarometer understands. Already, the company’s personnel who are members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN)…

NNPC Subsidiary, NETCO, Posts N3.257bn Profit for 2017 Financial Year

…Declares Highest Dividend of N750million to Shareholders The National Engineering and Technical Company Limited (NETCO) has recorded a profit before tax of N3.257 billion for 2017 financial year. The breakdown shows that the company’s revenue increased by 122 per cent from N10.13 billion in the previous year to N22.46 billion in the year under review. Speaking at the Company’s…