Wednesday , 21 February 2018
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There is hope for oil market stability – Barkindo

The Secretary General of the Organisation of Petroleum Exporting Countries, HE Mohammad Sanusi Barkindo, has indicated that the oil market will likely continue to record stability. In his keynote address delivered at the Nigeria International Petroleum Summit, 19 February 2018, Abuja, Nigeria, he stated that: ‘’There are further positive signs for the global oil market. Global economic growth is forecast at …

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We need to invest $10.5trn to meet global oil demand – OPEC

It is an absolute privilege for me to address this inaugural edition of the Nigeria International Petroleum Summit (NIPS). As a proud Nigerian, I am delighted to be back in my home country. Thank you to  His Excellency Dr. Emmanuel Ibe Kachikwu, Minister of State for Petroleum Resources, for the kind invitation to speak at this history-making event. It feels …

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Fuel Queues: NNPC imports $5.8bn worth of petrol to tackle crisis

The Nigerian National Petroleum Corporation (NNPC) says it has imported 9.8 million metric tons of Premium Motor Spirit (PMS) worth $5.8 billion to combat the fuel crisis that resurfaced since late last year. This was disclosed by the Group Managing Director of the corporation, Dr. Maikanti Baru, during a public hearing by the Senate Committee on Public Accounts today at …

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Shell emerges best in Technology and Innovation at Nigeria Petroleum Summit

The in-country Subsea Tree Refurbishment feat by Shell Nigeria Exploration and Production Company (SNEPCo), drew a deafening applause on Monday night as it earned Shell Companies in Nigeria the Best Performing International Company in Technology and Innovation at the awards night of the maiden edition of the Nigeria International Petroleum Summit in Abuja. The state-organised event was attended by Nigerian and international …

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SBM Offshore puts safety in the limelight as topsides construction kicks off for Liza FPSO

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SBM Offshore is delighted to announce that the first-steel cut event has officially kicked off work for the construction of the topsides for the Liza floating, production, storage and offloading (FPSO) vessel project at the Dyna-Mac yard. The company stated in a statement that: ‘’This phase, in parallel with engineering, procurement and construction (EPC) work for the conversion of the …

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Global energy market forecast favours gas – Attah

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, on Monday, said projections put gas in the top quartile of the most competitive and strategic investments in the global energy market. Attah spoke at an executive roundtable discussion titled “Growth Outlook and Strategies for Staying Competitive after a Global Downturn” at the first Nigeria International Petroleum …

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NNPC advocates closer ties among African Countries in oil sector

The Nigerian National Petroleum Corporation (NNPC) has called for closer collaboration among African nations not only in oil and gas but across all sectors to leapfrog the economies in the continent. Group Managing Director of the NNPC, Dr. Maikanti Baru, made this submission during his goodwill message today at the opening ceremony of the ongoing Nigeria International Petroleum Summit (NIPS) …

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