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The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja announced an increase of 19.14 per cent in the average daily natural gas supply to power plants which translates to 788millon standard cubic feet of gas per day (mmscfd), equivalent to power generation of 2,873MW. The NNPC, in a release by its Group General Manager, Group …
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Halliburton Looks Beyond North America Halliburton Co. is looking away from its traditional North American heartland for sales growth. (Bloomberg) -- Halliburton Co. is looking away from its traditional North American heartland for sales growth as the fracking behemoth works its way through an historic oil bust. Shares for one of the world’s biggest oilfield …
Chevron's Noble Deal Could Be New M&A Blueprint Chevron Corp. reported Monday that it has struck a definitive agreement to acquire all outstanding shares of Noble Energy, Inc. Chevron Corp. reported Monday that it has struck a definitive agreement to acquire all outstanding shares of Noble Energy, Inc. in an all-stock transaction valued at $5 …
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged the newly reconstituted Board of the Petroleum Products Marketing Company (PPMC) to sustained all-season availability of products across the country. Mallam Kyari who made the call Thursday while inaugurating the new Board of the corporation’s downstream subsidiary at the …
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The Nigerian National Petroleum Corporation (NNPC) has advised against a swift relocation of tank farms from their current locations along Ijegun, Kirikiri areas in Lagos and other parts of the country in order to avoid a dislocation in the supply and distribution chain of petroleum products across the country. The corporation made the submission Wednesday …
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The United States 'abruptly' demanded that the Chinese Consulate-General in Houston cease all operations and events. On July 21, the United States “abruptly” demanded that the Chinese Consulate-General in Houston cease all operations and events, the Chinese embassy in the U.S. has confirmed. “China strongly condemns and firmly opposes such an outrageous and unjustified move …
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Chevron Corporation CVX has reached an agreement to acquire Noble Energy NBL in an all-stock deal worth $5 billion. The U.S. supermajor agreed to pay $10.38 per share of Noble, was accounting for a 7.6% premium to the latter's last closing price prior to the deal's announcement. The takeover, which is one of the largest energy …
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Oil was stuck near $42 a barrel in New York with a weaker dollar lending support as investors took stock of a surprise gain in American crude stockpiles and renewed tensions between Beijing and Washington. (Bloomberg) -- Oil was stuck near $42 a barrel in New York with a weaker dollar lending support as investors …
The next meeting of the OPEC+ technical committee to assess compliance with the group's final month of production cuts will be held by phone. (Bloomberg) -- The next meeting of the OPEC+ technical committee to assess compliance with the group’s final month of production cuts will be held by phone, after the World Health Organization declared the …
Oil resumed declines after President Donald Trump said the U.S. would restrict travel from Europe for the next 30 days. (Bloomberg) -- Oil resumed declines after President Donald Trump said the U.S. would restrict travel from Europe for the next 30 days to try and contain the coronavirus, pummeling fuel demand even further. Futures in London …
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