Nigeria’s state oil company is venturing into renewable fuels with a contract that will see a bioethanol plant built in the state of Kebbi, in northeastern Nigeria. The plant will have a capacity to produce 84 million liters of bioethanol derived from cassava and sugarcane.
Read MoreUnited States oil firm, ExxonMobil has unveiled plans to raise its budget for funding joint venture (JV) operations in Nigeria’s oil and gasfields with the Nigerian National Petroleum Corporation (NNPC) in 2018.
Read MoreNNPC is working with foreign oil and gas companies to tackle Nigeria’s problem with sabotage of oil and gas infrastructure. The General Manager, Group Security Department of the NNPC, Sam Otoboeze, said in Abuja that the arrangement would complement federal government’s security operations in oil producing communities.
Read MoreAlthough Nigeria is Africa’s largest oil and gas producer, its petroleum sector has long suffered from frequent scandals, severe mismanagement and a lack of coherent guidelines and regulations, Oilprice reports.
Read MoreThe Hague-based LNG giant Shell has started natural gas production from the second phase of the Gbaran-Ubie project in Nigeria’s Niger Delta region. The first phase of the Gbaran-Ubie oil and gas development was commissioned back in June 2010.
Read MoreABUJA/LONDON, (Reuters) – Nigeria’s production cost per barrel of crude oil is down to $23, the state oil company said on Wednesday, after the country last month said the cost was $29 a barrel, one of the highest levels in the world.
Read MoreTwo sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in London on Monday between the Nigerian National Petroleum Corporation (NNPC) and two of its JV partners: NNPC/Chevron Nigeria Limited (CNL) JV and NNPC/Shell Petroleum Development Company (SPDC) JV.
Read MoreBAUCHI, Nigeria, (Reuters) – Nigeria’s military has rescued all members of an oil survey team kidnapped by suspected Boko Haram militants, it said in a statement on Wednesday, after they were taken in the country’s conflict-ridden northeast.
Read MoreIn a renewed effort to raise the country’s oil reserves and production, the Nigerian National Petroleum Corporation (NNPC) has entered into a partnership with Halliburton, a global service providing company in the oil and gas sector, to realize its search for oil in the Chad Basin.
Read MoreNigerian National Petroleum Corporation (NNPC), FIRST Exploration & Production (FIRST E&P) and Schlumberger have signed a tripartite agreement for development of the Anyala and Madu fields under OML 83 and OML 85, offshore Nigeria. Under the agreement, Schlumberger will contribute the required services in kind and capital for the project development until first oil. The joint project team will leverage the technical expertise of Schlumberger and the extensive local knowledge of the partners. OML 83…
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