Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV), has announced the appointment of Mr. Richard (Rick) Kennedy to the position of Chairman and Managing Director. His appointment becomes effective November 1, 2020. According to a statement by […]
Tag: Energy news
FG spends over N15.6bn on fuel subsidy in 7 days
By Olatunde Dodondawa There are strong indications that the provision of N450billion for fuel subsidy in the year 2020 budget may be inadequate because the Federal Government has already spent over N15.6billion for subsidy on premium motor spirit (PMS) otherwise called petrol in just seven days. According to investigation by the Saturday Tribune, […]
15 African Petroleum Ministers to meet in Cape Town
By Olatunde Dodondawa The ministers will be using Africa Oil Week Summit as a platform to discuss national strategies, sovereign competitiveness, issue licences and finalise tenders. With pressure growing on Sovereigns to develop attractive operating environments, the ministers will be detailing their hydrocarbon strategies to an audience of 1500+ senior […]