Total denies divestment plan in its Africa business Total Nigeria Plc has restated its commitment not to withdraw or divest its Africa business, but to continue to strengthen and grow its market share within the continent. Besides, the firm also unfolded plans to consolidate its solar business by developing solar solution hybrid for manufacturing industries with their existing power generation system, which could to either electricity or generators reports The Guardian The Chairman of the company, Stanislas Mittelman, while fielding questions from journalists at the end of its 2016 yearly general meeting, in Lagos, at the weekend, said Total has no intention of withdrawing its … [Read more...]
Updates on Opuama Oilfield Production- Eland Oil and Gas
Updates on Opuama Oilfield Production Eland Oil & Gas PLC (AIM: ELA), an oil and gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce that Elcrest Exploration and Production Nigeria Ltd, Eland's joint venture company, has now completed its export of crude through shipping and has now commenced the transportation to its pre-existing export facility. Production continues from Opuama-3 well at circa. 8,500bopd gross (Net to Elcrest: 3,825bopd) and anticipates production start-up from Opuama-1 in due course. Highlights of Opuama Oilfield Type: Oil reserve Production: 10,000 bopd (early 2017) Discovered: … [Read more...]
Trump Visit, US companies Signs big deals over $300 Billion
Trump Visit, US companies Signs big deals over $300 Billion Beyond oil Saudi Arabia is trying to invest to take care of such era, this happened during a visit by US president Donald Trump to the country, Saudi Arabia signed tens of billions of Dollars of deals reports Reuters. National oil firm Saudi Aramco said it signed $50 billion of agreements with U.S. firms. Energy Minister Khalid al-Falih said deals involving all companies totaled over $200 billion. Some deals had been announced previously, while others were memorandums of understanding that would require further negotiations to materialize. Below are major announcements: The Big Deals with US companies are: -- GE said it … [Read more...]
We will Safeguard Oil and Gas Pipelines- Emir Sanusi
Safeguard Oil and gas Pipelines in Nigeria. We will safeguard oil and gas pipelines says the Emir of Kano, Mallam Muhammadu Sanusi II, this he said during a visit by the Group managing director of the Nigeria National Petroleum Corporation Dr Maikanti Kacalla Baru, Emir Sanusi called on the people of Kano to individually assist in safeguarding the nation’s oil and gas facilities by watching out for pipeline vandals within their communities. He was recieving the Group MD of the NNPC in his palace on tuesday. “I want to call on all our district heads, community leaders and the entire people of Kano State to consider safeguarding the nation’s oil and gas pipelines as a personal … [Read more...]
NNPC revives Kano Depot begins petroleum products supply
NNPC revives Kano Depot begins petroleum products supply The good news is that NNPC revives Kano depot begins petroleum product supplies especally to the northern part of Nigeria Ndu Ughamadu who the Group General Manager, Nigerian National Petroleum Corporation, NNPC, reports that they re-commissioned its Kano Depot, even amidst encomiums poured on the Corporation for reviving the facility. About Kano Depot Kano Depot is part of the Corporation’s System 2D Pipeline Network which was knocked down three-and-half years ago due to act of pipeline vandalism by economic saboteurs. Speaking at the event, the Group Managing Director, Dr. Maikanti Kacalla Baru, said the … [Read more...]
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