NNPC, First E&P achieve 20,000bpd production @OML 85 - ITREALMS

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The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset also known as Madu Field.

Production from the field which is located in shallow waters offshore Bayelsa State and operated by First E&P is expected to be at an average of 20,000 barrels per day.

GM to unveil 20 all-electric, hydrogen fuel cells vehicles

Autos@ITREALMS:

The General Motors (GM) is to unveil 20 all-electric, hydrogen fuel cells vehicles in the next six years, with two coming before end of 2018, reports ITRealms.

The Chief Executive Officer (CEO) General Motors, Mary Barra, disclosure while reviewing the automaker’s third-quarter earnings, at the weekend.

According to agency reports, Barra was quoted as saying GM would launch a mix of at least 20 new all-electric and hydrogen fuel cell vehicles globally by 2023, including two in the next 18 months.

“We are committed to an all-electric future,” Barra said during the third-quarter conference call, stressing that GM is “confident” it can make the vehicles profitable.

According to the reports, GM shares have surged about 30 per cent this year to record highs since the company began trading shares at $33 a share in November 2010.

Ayo Midele/GEE

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