• Adamawa acquires 12 mining licenses, signs $5bn exploration pact with Swiss firm

    Adamawa acquires 12 mining licenses, signs $5bn exploration pact with Swiss firm

    According to reports, the Adamawa Mining Company Limited says it has acquired 12 licenses for solid minerals explorations in the state.

    Shanti Shashi, the state Commissioner of Solid Minerals Resources, disclosed this in an interview with the News Agency of Nigeria in Yola on Tuesday.

    Ms. Shashi said the state government had also signed a $5 billion agreement with a Swiss company, BTP Swiss Sovereign Asset, for the exploration of solid minerals in the state.

    He said the agreement was signed in June […]

  • Buhari orders NNPC to commence oil exploration in Benue trough

    Buhari orders NNPC to commence oil exploration in Benue trough

    President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation, NNPC, to commence the search for crude oil and other hydrocarbon exploratory activities in the Benue Trough.

    According to a statement by the NNPC, Group Managing Director of the NNPC, Mr. Maikaniti Baru, disclosed this while receiving a delegation from the Benue State Government, who paid him a courtesy visit in Abuja.

    This is coming few days after the same directive was given to the NNPC to intensify crude oil exploration in […]

  • FG to commence oil and gas exploration in Chad Basin – Kachikwu reveals

    FG to commence oil and gas exploration in Chad Basin – Kachikwu reveals

    Ibe Kachikwu, Minister of State for Petroleum Resources said yesterday that the Federal Govern­ment will commence ex­ploration of oil and gas in the inland basins, espe­cially Chad Basin and the Benue Trough.

    In a statement by Garba Deen Muhammad, Ka­chikwu, who is also the group managing director of the Nigerian National Petroleum Corporation (NNPC) said the corpo­ration is diversifying its portfolio.

    The statement said the NNPC, through its Fron­tier Exploration Services and Renewable Energy Division (FESRED), had progressed reasonably with seismic acquisition […]