December 16, 2017

NNPC, Nigerian Air Force Partner to Enhance Chad Basin Exploratory Activities

At a courtesy call on the Chief of the Air Staff, Air Marshal Adesola Amosu, the Group Managing Director of the NNPC, Dr. Joseph T. Dawha said the visit was to foster closer cooperation and collaboration between NNPC and NAF for the socio-economic growth, peace, security and stability of the country.

The Nigerian National Petroleum Corporation, NNPC, and the Nigerian Air Force (NAF) have pledged to work hand-in-hand to promote the ongoing acquisition of seismic data in the Chad Basin and to curb crude oil theft in the creeks of the Niger Delta. At a courtesy call on the Chief of the Air Staff, Air Marshal Adesola Amosu, the Group Managing Director of the NNPC, Dr. Joseph T. Dawha said the visit was to foster closer cooperation and collaboration between NNPC and NAF for the socio-economic growth, peace, security and stability of the country. Dr. Dawha noted that the Nigerian Air…

CAMAC gets $100M loan for offshore developments in Nigeria

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Offshore Energy Today CAMAC Energy Inc. announced today that its wholly owned subsidiary, CAMAC Petroleum Limited, has entered into a credit facility with Zenith Bank Plc for a five-year senior secured term loan providing initial borrowing capacity of up to $100 million. U.S. dollar borrowings under the term loan facility will bear interest at the rate of LIBOR plus 7.5%, subject to a floor of 9.5%. The security package for the term loan facility includes a legal charge over OMLs 120 and 121 and an assignment of proceeds from oil sales. Proceeds from the term loan facility will be used…

10th Annual Global Local Content Summit

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Ministries and NOCs from Uganda, Ghana, Nigeria, Mozambique, Tanzania, Brazil, Argentina, Mexico, Trinidad and Tobago, Oman, Saudi Arabia, Kuwait and Sri Lanka are due to present their local content case studies at the 10th Annual Global Local Content Summit this September at the Pestana Chelsea Bridge Hotel, London, United Kingdom. World’s leading conference dedicated to the Local Content community to include speakers from 17 global nations and chairman from PROMINP. The conference, hosted by Oil & Gas IQ – a division of global events company IQPC – will be a unique opportunity for local content leaders to discuss the development,…

Africa set for an oil and gas boom

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PM News Africa’s energy industry could boom in the coming years, with Mozambique and Tanzania set to emerge as new frontiers if they can attract enough badly needed investment, a report said Wednesday. Six of the top 10 global discoveries in 2013 were made in Africa, with more than 500 companies now exploring across to the continent, according to a study by PriceWaterhouseCoopers. Large gas finds in Mozambique and Tanzania would make the world “take note of east Africa as an emerging player in the global industry,” said the report’s advisory leader, Chris Bredenhann. The boom has brought investment opportunities,…

NNPC, Navy Strengthen Ties to Curb Crude Oil Theft

Onward Together: The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Joseph Thlama Dawha exchanging pleasantries with the Chief of Naval Staff, Vice Admiral Usman Jibrin at the Navy Headquarters, Abuja

Onward Together: The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Joseph Thlama Dawha exchanging pleasantries with the Chief of Naval Staff, Vice Admiral Usman Jibrin at the Navy Headquarters, Abuja NNPC As part of efforts to wipe out illegal oil bunkering, the Nigerian National Petroleum Corporation, NNPC and the Nigerian Navy have pledged to work together to curtail the incessant crude oil theft and other associated vices in the Nigerian water ways in order to increase revenue flow into the economy. Speaking during a courtesy call on the Chief of Naval Staff in Abuja, the Group Managing…

NNPC Moves to Accelerate Construction of Gas Pipeline to Kano, Kaduna

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A major step aimed at fast-tracking the Federal Government’s Gas Revolution Agenda was taken on Friday by the Nigerian National Petroleum Corporation, NNPC, with the establishment of the Abuja-Kaduna-Kano (AKK) Gas Pipeline Project Steering Committee with the mandate of ensuring efficient and accelerated actualization of the task. The project which was approved under the National Gas Master Plan by the Federal Executive Council is designed to transport gas for power and manufacturing  industry  usage to the key northern axis from Ajaokuta  –Kaduna –Kano. Speaking at the inauguration of the Committee, Group Managing Director of the NNPC, Dr. Joseph Dawha described…