San Leon Energy Share Discussion Threads

[linksdean2] 17/3/2017 19:24

Four Niger-Delta ex-militants employed as University lecturers
By Chijioke Jannah on March 17, 2017

Four Niger Delta militants, who dropped their arms, went back to school and made First Class Bachelor’s degrees, have been employed as lec­turers by Benson Idahosa Uni­versity in Edo State.

According to the co-ordinator of the Presi­dential Amnesty Programme (PAP) and Special Adviser to the President on Niger Delta Affairs, Brig-Gen. Paul Boroh (rtd), the names of the lecturers are Fianka Diamond Tamara (Computer Science), Debrah Ikpaazaere (Business Administration), Odiki Otogo (Political Science and Public Administration) and Lucky Boleidowa (Political Sci­ence and Public Administra­tion).


Boroh made this disclosure at an interactive session with journalists in Abuja.

“In fact, the Benson Idahosa University retained as lecturers, four of our students who had First Class. The perfor­mance of our students abroad was even more stunning. A total of 454 of them graduated mainly from British universities with 20 having First Class and 41, Second Class Upper,” he added.

He also said that the recent visits of Vice President Yemi Osinbajo to states in the Niger Delta region was a winning formula which has solidified the relationship between the region and the administration.

“Perhaps our greatest achievement is contributing to the maintenance of peace in the Niger Delta which has resulted in zero vandalism of oil facili­ties,R21; he said.

[linksdean2] 17/3/2017 19:22

Why we retired some of our staff – NNPC
By Chijioke Jannah on March 17, 2017

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has explained that the corporation retired some of its staff because they flouted established process and procedures.

He made this known in a statement signed by NNPC’s Group General Manager, Group Public Affairs Department, Ndu Ughamadu, on Thursday in Abuja.


Baru was speaking when he received a delegation of Anti-Corruption Academy of Nigeria (ACAN) in his office.

He made it clear that the NNPC supports anti-corruption and promised that they would work with the management of ACAN, the research and training department of the Independent Corrupt Practices and other Related Offences Tribunal (ICPC).

”We have retired some members of staff and meted out penalties on others who flouted our process.

”NNPC was the first agency of government to form an in-house anti-corruption committee soon after the proclamation of the ICPC Act.


”This action shows our commitment to transparency and openness in all we do; it also shows our zeal to ensure that our staff imbibe the culture of fighting corruption,” Baru said.

He added that the Corporation was prompt, in its remittance of oil and gas revenues into the Federation Account.

[czar] 17/3/2017 10:24

Gentlemen this share is going to fly at some point, if Tosca was a director buying it would be on fire, actually they own 60% which speaks much louder than director buying, fill yer boots. Mind you its getting hard to pick up shares now, Tosca and Capital have bought them all.

[triple seven] 17/3/2017 09:25

Very sad troll

[linksdean2] 16/3/2017 22:03

Nigeria earns N7trn from crude oil exports in 2016
Mar 15, 2017

Nigeria recorded a slight improvement in crude oil revenue in 2016, as total export appreciated by 0.75 per cent to N6.997 trillion at the end of 2016, according to data obtained from the National Bureau of Statistics (NBS), Vanguard reports.

This amount is 96.09 per cent of Nigeria’s proposed 2017 budget estimate of N7.281 trillion, while it represented 116.04 per cent of the 2016 budget estimate. The amount was from crude oil exported by oil companies operating in the country and the NNPC, from Joint Venture (JV) Production Sharing Contract (PSC), and Alternative Finance arrangements.

In its Foreign Trade Statistics Report for 2015 and Merchandise Trade Index/Re-Export report for the fourth quarter of 2016, the NBS disclosed that at N6.997 trillion, crude oil export rose by N52 billion from N6.945 trillion recorded in the 2015.

[linksdean2] 16/3/2017 22:00

Aiteo okays $4b to increase output from declining fields

Mar 16, 2017

Aiteo Eastern Exploration and Production Company (AEEPCo) Limited has set a medium term investment of $4 billion to increase oil and gas production, The Nation reports.

Its Group Managing Director, Chike Onyejekwe, who disclosed this, noted that the fund will be channeled to declining and brown fields to boost oil and gas outputs from the firm’s oil and gas fields. Onyejekwe said: “Aiteo is poised to grow oil production. We will arrest declining and brown fields. We will also focus on attaining a target of producing 300 million standard cubic feet of gas per day (mmscfd) by increasing associated gas (AG), develop non-associated gas (NAG) and diversify our market.

“The $4 billion medium term investment will also be used for infrastructure asset integrity, reduce losses and create flexibility,” he said. “Aiteo’s ambitious five-year objectives include tackling the power challenges in Nigeria head-on through its legacy investments in the gas-to-power value chain. This is a testament to our commitment to the transformation of the entire oil & gas value chain into a world-class landscape,” he added. The firm’s major fields include Nembe, S/Barbara, Okoroba, Oloibiri. Its 97km Nembe Creek Trunk Line also has the capacity to evacuate 600million barrels per day and has six injectors.

..........................

This pipeline has a capacity of 150,000 b/d at Nembe Creek, however, up to 600,000 b/d of liquids can be evacuated from the end point at Cawthorne Channel.

hxxps://www.woodmac.com/reports/upstream-oil-and-gas-oml-29-12385691