Chevron

NNPC HAS PAID US$1.5bn CASH CALL ARREARS TO IOCs

Posted on by Gambeta News
NNPC HAS PAID US$1.5bn CASH CALL ARREARS TO IOCs

NNPC reduces its cash call arrears to JV partners by US$1.5 billion The Nigerian National Petroleum Corporation (NNPC) via its group managing director Maikanti Baru; said it has repaid US$1.5 billion of the cash call arrears owed to its foreign oil partners. The director who made the statement at the National Association for Energy Economics, NAEE, International Conference said; “So far, we have repaid over US$1.5 billion out of the US$5.1 billion cash call arrears to date.” Evidently, this…

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CHEVRON SEALS DEAL TO ACQUIRE ALGERIAN OIL FIRM

Posted on by Gambeta News
CHEVRON SEALS DEAL TO ACQUIRE ALGERIAN OIL FIRM

Chevron acquires Algerian oil firm – Anadarko Petroleum American multinational energy corporation – Chevron, have recently signed a deal to buy Algerian oil firm – Anadarko Petroleum. The final terms of agreement entails that Chevron will acquire all of Anadarko Petroleum outstanding shares; in a stock and cash transaction valued at US$33 billion, or US$65/share. Anadarko petroleum is Algeria’s largest foreign oil producer, it also has operations in Ghana, Mozambique and South Africa. On completion of the acquisition; shareholders of…

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NNPC SIGNS US$1.7bn DEAL WITH CHEVRON TO INCREASE CRUDE PRODUCTION

Posted on by Gambeta News
NNPC SIGNS US$1.7bn DEAL WITH CHEVRON TO INCREASE CRUDE PRODUCTION

NNPC and Chevron sign agreement aimed at boosting reserves and production of crude in Nigeria. The Nigerian National Petroleum Corporation ( NNPC ) and Chevron Nigeria Limited (CNL) have finalized an Alternative Financing Agreement to increase crude production by about 39,000 barrels per day. This report is according to a statement issued by the NNPC Group Managing Director, Dr Maikanti Baru. The agreement which was signed in London, is expected to achieve an incremental peak…

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