Nigeria’s government will permit the mainly international oil companies with whom it has joint venture arrangements to borrow from the market to fund their operations, as a way of resolving the perennial cash call challenge which has held down oil production in the country.
Read more @ Businessday Online
Paris, September 30, 2014 – Total is launching its new international multimedia advertising campaign simultaneously in 21 countries on October 2nd to develop the Group’s brand awareness. The campaign highlights Total’s operations in oil production, refining and marketing, as well as its role as a major player in natural gas (50% of its output) and as the global number two in solar power, through its subsidiary SunPower.
The campaign provides a tangible illustration of the meaning behind the Group’s new baseline, “Committed to Better Energy”, which puts the emphasis on producing “better”, not “more”.
In this way, the Group is sharing its conviction that the path to a responsible energy future lies first and foremost in energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible.
To help shoulder this commitment, a large number of Group employees were involved in producing the campaign, and most of the scenes in the commercial were filmed at Total sites.
“Total is a leading global energy company. It needs a powerful brand over the long term to support the growth of its businesses. This large-scale campaign is the first of its kind in Total’s history. It reflects both our size and our ambitions,” explains Jacques-Emmanuel Saulnier, Total’s Senior Vice President, Corporate Communications.
“Our vision and our continuous improvement approach – “always better” – are seen on our work on the front lines, alongside and for our stakeholders,” says Mrs. Elisabeth Proust, Managing Director of both Total E&P Nigeria Ltd and Total Upstream Nigeria Ltd. “This isn’t just a promise for the future, it’ s the everyday reality for Total’s 100,000 employees.”
An indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, Oando Plc, plans to increase its crude oil production capacity to 100,000 barrels per day over the next five years after completing the acquisition of ConocoPhillips’ (COP) Nigerian assets for $1.65 billion in July.
This is coming as Seven Energy International Limited, an indigenous integrated oil and gas development, production and distribution company with interests in Nigeria, and the Nigerian Sovereign Investment Authority (NSIA), better known as the Sovereign Wealth Fund (SWF), yesterday announced a $100 million investment deal.
Read more @ Thisday Live
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Joseph Dawha, has said that he is going to channel efforts and resources available to him in achieving three key programmes while he lasts at the helm of affairs of NNPC.
Dawha said yesterday in Abuja that the NNPC under his watch would in the short term focus on ramping up the crude oil production capacity of its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC) to 250,000 barrels of crude oil per day (bpd), boost gas supply and expand gas infrastructure to enhance availability of gas for power generation and feedstock for gas-based industries
Read more @ Thisday
The Nigeria’s crude production has hit 2.21 million barrels per day in the second quarter of this year, the highest level in one year.
The statistics office, which gave this new production data said that this new oil production high has also contributed to the 6.54 per cent growth, which the country’s economy recorded in the same quarter. It also said crude oil production hit 2.21 million barrels per day in the second quarter, up from 2.11 million barrels per day in the corresponding period a year ago.”
Read more @ New telegraph
Eland Oil and Gas Plc, the oil and gas exploration and development company with a focus on Nigeria and West Africa, has resumed production on the Opuama field in Oil Mining Lease (OML) 40, after a number of production interruptions, including a prolonged shutdown of the Forcados Export Terminal and pipeline ruptures due to corrosion and illegal bunkering.
The company had resumed production on the field in February 2014, exactly seven years after Shell Petroleum Development Company (SPDC) undertook a controlled shut down of its oil and gas facilities, including OML 40, due to militant attacks on oil workers and infrastructure in the Niger Delta.
Read more @ Thisday Live
The dwindling fortunes of marginal fields’ operators in the Nigeria’s oil and gas sector continued, as the subsector contributed 2.41 per cent to Nigeria’s total crude oil production in the month of March 2014.
According to data from the Nigerian National Petroleum Corporation, NNPC, on oil and gas activities for the month of March 2014, the marginal fields’ operators produced 1.645 million barrels of crude oil, representing a daily average of 53,086.26 barrels.
Read more @ Vanguard
Operations of the Nigerian Agip Oil Company at Biseni in Bayelsa State face impending disruption over alleged failure of the oil company to meet its obligations to the host communities.
To avert such disruption, the host communities have asked the Bayelsa State Government to prevail on NAOC to fulfil its obligations to the people.
The communities had recently shut down five oil wells in Idu oilfield operated by Agip over its non-fulfilment of community development obligations to its hosts.
Read more @ Punch Online
Nigeria’s government will permit the mainly international oil companies with whom it has joint venture arrangements to borrow from the market to fund their operations, as a way of resolving the perennial cash call challenge which has held down oil production in the country..jpg)
