These are features of Oil and gas, industrial and other relevant news
New transparency in NNPC, Pays N723.82B to FG in 8 months. In line with its earlier pledge to open up the books of the Nigerian National Petroleum Corporation, NNPC for public scrutiny, the Management of the national oil Corporation under the watch of Dr. Ibe Kachikwu over the weekend commenced the monthly publication of its…
NNPC promises New era of transparency, will publish 100% of operations status NNPC will commence monthly publication of financial and operational report. Unveils 20 ‘fixes’ to reposition the Corporation. ABUJA Oct 11 (Reuters) – Proceeds from Nigeria’s oil receipts fell by two-thirds between September 2014 and July this year, the state oil company in Africa’s…
Statoil awards contracts for two Johan Sverdrup jackets worth NOK 1 Billion The contract awarded to Kvaerner Verdal has a value of approximately NOK 1 billion and covers engineering, fabrication and construction of the steel jacket for the Johan Sverdrup offshore processing platform. Weighing 17,700 tonnes, the jacket will be constructed at the yard in…
Nigeria and Algeria May Face Further Oil Export Decline, Saudi Arabia and the UAE will withstand the pressure of sinking oil prices owing to strong non-oil sector performance The latest report from a global consulting firm, Frost & Sullivan has predicted that Nigeria and Algeria may face further decline in crude oil exports going by…