Russia’s Rosneft signed a deal with the Ghana National Petroleum Corporation for an annual delivery of 1.7 million tons of LNG. The volumes will be regasified at GNPC’s processing capacities in the port of Tema where the company is developing an LNG import terminal. Rosneft gas supplies will cover a quarter of Ghana’s energy demand
Niger Delta Petroleum Resources Ltd is a wholly owned subsidiary of Niger Delta Exploration & Production Plc (NDEP). NDEP is a publicly owned, integrated Independent Oil and Gas focused Investment Company, with a range of assets Niger Delta Exploration & Production Plc (NDEP) is Nigeria’s first integrated oil and gas investment company. Founding Chairman, Late Chief
Waltersmith Petroman Oil Limited was incorporated in 1996 as a joint venture between Walter Smith and Associates Limited, a Nigerian investment company and Petroman Oil Limited of Canada, to operate as an oil exploration and production company. In 2001, Waltersmith became an wholly indigenous Nigerian company after the divest of petroman oil limited. The company
Nigeria’s state-run oil firm withheld some 3.2 trillion naira ($16.2 billion, 14.6 billion euros) from the sale of crude oil in 2014, according to a government report from auditor-general Samuel Ukura. “From the examination of NNPC (Nigerian National Petroleum Corporation) mandates to (the) CBN (Central Bank of Nigeria) on Domestic Crude Oil sales… (the) amount
Nigerian National Petroleum Corp (NNPC) is to be split into 30 independent companies within weeks, the group’s head said on Thursday, in a restructuring designed to help tackle corruption at the state oil company. Mismanagement and graft at NNPC has hampered an industry that provides around 70 percent of national income in Africa’s biggest crude
Nigerian National Petroleum Corperation (NPP) has called on its partners in the oil exploration exercise to speed up the search for the oil in all marked reserve areas, with immediate effect. This follows a directive from Nigeria Minister of Petroleum resources Diezani Alison-Madueke in which he asked the cooperation not to “leave any stone unturned” in
Nigeria is set to get a large oil and gas investment from Shell Petroleum Development Company in the amount of about $15 billion, according to the Lagos-based newspaper ThisDay, citing managing director of the unit, Nosa Okunbor. The company operates under a joint venture between the Nigerian National Petroleum Corporation, Royal Dutch Shell Plc, Total
The number of casualties after an oil product pipeline explosion in Nigeria has reached 200 as people from local communities have gathered to protest the negligence of the Nigerian National Petroleum Corporation which, they allege to be the reason for the explosion. The pipeline exploded after it caught fire near the Aba Depot last week.
Nigeria has unexplored 28 billion barrels of oil reserves located in the offshore area, Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation (NNPC), Mr. Bello Rabiu, has said. According to him, this underscores the need to focus and encourage investment in the country’s upstream sector of the oil and gas industry. Speaking during a panel
Morocco and Nigeria on Sunday signed a joint declaration in Rabat laying out the next steps for the completion of a gas pipeline deal that will be built onshore and offshore, Moroccan state news agency MAP said. The two countries agreed to the pipeline in December 2016 and launched feasibility studies ending with a plan