King Mohammed VI held a telephone conversation yesterday, January 31, with President of Nigeria Muhammadu Buhari, a statement from Morocco’s Royal Cabinet announced. During the call, the two heads of state welcomed the positive dynamic that bilateral relations between Morocco and Nigeria have witnessed since 2016. They recalled King Mohammed VI’s visit to Nigeria in…
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West Africa’s oil exports slumped to the lowest level in at least three years last month as infrastructure woes for some of Nigeria’s biggest streams combined with gradually waning output in Angola. Combined flows from the region fell to 3.41 million barrels a day in January from 3.8 million barrels a day in December, according…
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ExxonMobil and Chevron executives discussed the possibility of a merger last year as the two oil giants were battered by the pandemic, The Wall Street Journal reported Sunday. Chevron CEO Mike Wirth and his Exxon counterpart Darren Woods discussed merging as demand for oil and gas plummeted due to restrictions to stem the spread of…
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Operation Controller, Department of Petroleum Resources (DPR), Benin field office, Ebi Ogiowo, has said that the federal government is considering transportation of petroleum products to various part of the country through the rail system. Ogiowo said this at the weekend while speaking with journalists on the sideline of the 2020 annual meeting with petroleum products…
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Total Nigeria PLC (“TNPLC” or the “Company”) says it has successfully issued and quoted a N15 billion Series 1 and 2 Commercial Paper issuance (the “Issue”) under its N30 billion CP programme registered with the FMDQ Securities Exchange Limited in December 2020. The Issue was TNPLC’s debut issuance in the Nigerian debt capital markets. It…
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The country has recorded an increase of 10 per cent in the number of pipeline vandalised. The increase in rupture is contained in the October 2020 edition of the Nigerian National Petroleum Corporation Monthly Financial and Operations Reports (MFOR). The report indicated that for the month under review, 23 pipeline points were vandalized representing about…
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The Nigerian National Petroleum Corporation (NNPC) and its partners yesterday took a Final Investment Decision (FID) on the $3.6bn Integrated Gas Processing and Methanol Plant in Odioma, Brass Island, Bayelsa State. The project is being executed by the Brass Fertiliser and Petrochemical Company Limited (BFPCL), an incorporated entity owned by the Nigerian National Petroleum Corporation…
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A Dutch court has ordered Shell Nigeria to compensate farmers for major oil spills they say caused widespread pollution. On Friday an appeals court in The Hague rejected Shell’s argument that the spills were the result of sabotage, saying not enough evidence had been provided. The court ordered Shell’s Nigerian subsidiary to compensate the farmers…
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Senate President Ahmad Lawan, has said the lawmakers will pass the Petroleum Industry Bill (PIB) this year, noting that it’s a promise to Nigerians. Lawan who spoke on Monday at a two-day public hearing on the PIB at the National Assembly, said any further delay in the passage of the Petroleum Industry Bill (PIB) will…
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