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

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 …

Read More

CHEVRON SEALS DEAL TO ACQUIRE ALGERIAN OIL FIRM

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 …

Read More

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

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 …

Read More