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Maikanti Baru: NNPC heading to capital market to fund new oil projects

The Nigerian National Petroleum Corporation (NNPC) will be heading to the capital market to raise more funds to execute new oil and gas projects it had scheduled in 2018 and beyond, its Group Managing Director, Dr. Maikanti Baru, has disclosed.

National Assembly: PIGB transmitted to President Buhari

The National Assembly on Friday said it had finally transmitted the final harmonised copy of the Petroleum Industry Governance Bill (PIGB) to President Muhammadu Buhari for assent, making it the second time it has claimed to do so in about one month even though the presidency denied receiving the bill at the first occasion.

Senate to investigate NNPC, IOCs’ alleged boycott of Nigeria pipe manufacturer

The Senate Committee on Local Content says the Senate will investigate the alleged non-patronage of a multi-million dollar internationally certified Nigerian pipe manufacturing and coating company, SCC Nigeria Limited, by NIgerian National Petroleum Corporation (NNPC) and International Oil Companies (IOCs).

Nearly 200 Kaduna indigenes benefit from Chevron scholarship

At least 198 Kaduna State indigenes have benefited from scholarship programmes initiated by the Texaco Nigeria Outer Self, a Chevron Company, between 2013 and 2017.

Court awards N100,000 cost against Chevron in illegal oil shipment suit by federal govt

A Federal High Court in Lagos thursday awarded N100,000 cost against Chevron Nigeria Limited in a $12 billion missing crude oil revenue suit filed by the federal government.

Ayiri Emami’s emergence as Ologbotsere should not divide Itsekiri nation – Olu of Warri

The Olu of Warri, His Majesty, Ogiame Ikenwoli, has said the emergence of Chief Ayirimi Emami as the Ologbotsere of Warri, should unite and not divide the Itsekiri nation under his reign.

NNPC gets $3.7 billion alternative funding

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, yesterday said the corporation has secured $3.7 billion in alternative financing agreement in the last three years.

NNPC, Chevron sign $1.7bn deal for 39,000bpd

The Nigerian National Petroleum Corporation, NNPC, and Chevron Nigeria Limited, CNL, have executed the second and final phase of an Alternative Financing Agreement meant to increase crude oil production in the country by about 39,000 barrels per day.

Minister Isaac Adewole elated as Chevron tackles HIV scourge in Nigeria with $5 million

Minister of Health, Prof Isaac Adewole, has expressed gratitude to Chevron Nigeria Limited (CNL) for donating a total of US$5 million to Global Fund to tackle HIV, tuberculosis and malaria for the implementation of the Chevron-Global Fund Anti-Retroviral Treatment Service Maintenance Program (ART Program) in Delta, Bayelsa, Ondo and Lagos States.

Niger Delta Avengers declares fresh war on oil facilities

As the Niger Delta Avengers threatens to resume fresh attacks on oil facilities in Nigeria, the Manufacturers Association of Nigeria, the Lagos Chamber of Commerce and Industry and others have said such action would have a grave impact on the nation’s economy and its people.

NPDC now Nigeria’s fifth largest oil producer – official

The Nigerian National Petroleum Corporation, NNPC, on Monday named its upstream oil exploration and production subsidiary, the Nigerian Petroleum Development Company, NPDC, as the fifth largest oil producer in Nigeria.

Caverton secures 5-year logistics contract with Chevron

Caverton Offshore Support Group Plc has secured a five year logistics support contract from Chevron Nigeria Limited, the operator of NNPC/CNL Joint Venture, for the provision of aviation services.

NEITI indicts BPE, 15 oil companies for audit non-compliance

Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, indicted four oil and gas companies for failing to comply with its on-going independent audit of the oil and gas industry covering 2015, while 12 others were listed as failing to provide some documents required for the audit.

Chevron wins multiple awards at SPE’s international conference, exhibition

Chevron Nigeria Limited on Wednesday lauded its team for winning multiple awards at this year’s Nigeria Annual International Conference and Exhibition (NAICE) of the Society of Petroleum Engineers (SPE) in Lagos.

Chevron spends $2.5bn on Nigerian local content initiative

Chevron Nigeria Limited (CNL) said it spent $2.5 billion on local content development in Nigeria’s oil and gas sector, representing 65 per cent of the total Nigerian goods and services expenditures for the year.

NNPC owes oil firms N2 trillion in cash call – Baru

The Nigerian National Petroleum Corporation has put the cash call arrears owed oil companies for the development of joint venture assets at $6.6bn (N2.01tn).

NNPC targets $30bn earnings from diverse investments in 10 years

Dr. Baru commended the NNPC finance and technical teams for being able to attract the much needed foreign investment at a period when it has become increasingly difficult to attract foreign credit facilities.

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