The Nigerian National Petroleum Corporation (NNPC), Shell, Total and Eni have signed the Front End Engineering Design contract of Train 7 of the Nigeria Liquefied Natural Gas on Wednesday in London.
The 7CGDP is an integral leg of the gas development strategy designed by the Nigerian National Petroleum Corporation to leverage the full potential of gas to meet the target of generating at least 15 gigawatts of electricity by 2020.
NNPC Retail, the downstream subsidiary of the Nigerian National Petroleum Corporation, has embarked on nationwide audit of its field operation to ensure all delisted trucks are in compliance with the requirement to remove the company’s logo and other brand attributes.
After signing the tripartite term sheet for the financing and technical services arrangement between NNPC/FIRST E&P JV and Schlumberger for the Anyalu and Madu fields under Oil Mining Licence, a final nod was given to the package.
The Nigerian National Petroleum Corporation has justified its N147billion June remittance to the Federation Accounts and Allocation Committee, saying it is in line with the terms of agreement it had with governors on the matter.
Afam VI power plant in Rivers State is ready to deliver its net dependable capacity of 624MW into the Nigerian national grid barring any regulator’s restrictions.
As part of its strategic aspirations to derive maximum value from Nigeria’s abundant natural gas resources, the Federal Government is targeting 10 per cent of the world’s market share in traded Liquefied Natural Gas.
The Nigerian National Petroleum Corporation (NNPC) has outlined plans to attract private investments, ensure sustainable development and spur growth in the nation’s Oil and Gas Industry.
Communities in Bayelsa State received a total sum of N21.71 billion from the Shell Petroleum Development Company of Nigeria operated joint venture for development projects between 2006 and 2017.
The Nigerian National Petroleum Corporation’s Downstream subsidiary, NNPC Retail, has been directed to target 30 per cent market share of petroleum products distribution business in Nigeria’s Downstream Petroleum Sector by 2020.